Indian financial crisis behind the scene - central bank RBI absorbing short-term liquidity even as the commercial banks continue to reel under a resource crunch
Media Release
Jun. 19, 2006

On an average, the Reserve Bank of India (RBI) has been sucking out in excess of Rs 50,000 crore from the banking system through its reverse repo window over the last one month.

On an average, the Reserve Bank of India (RBI) has been sucking out in excess of Rs 50,000 crore from the banking system through its reverse repo window over the last one month.

Indian financial crisis behind the scene - central bank RBI absorbing short-term liquidity even as the commercial banks continue to reel under a resource crunch
Media Release
On an average, the Reserve Bank of India (RBI) has been sucking out in excess of Rs 50,000 crore from the banking system through its reverse repo window over the last one month.
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Bajaj Auto has zeroed in on Brazil for its second manufacturing facility outside India
Media Release
According to sources, Indonesia and the neighbouring markets will be tappe first before targeting latin America.
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Sensex touched a low of 9755, and is now down 94 points at 9791 with slight negative breadth
Media Release
The market breadth is slightly negative - out of 1,630 stocks traded so far, 819 have declined, 764 have advanced and 47 are unchanged.
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Indian trade delegation focuses on Beijing to bering home increased trade and commerce
Media Release
Union Textile Secretary DP Singh, would visit Shanghai and Beijing till June 24 and explore mutual trade promotion initiatives
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The US and Europe will on Tuesday pledge to take joint action to stem the world’s swelling tide of fake goods
Media Release
With seizures of counterfeit products in the European Union rising 10-fold in six years, the EU and the US will sign a landmark agreement to establish joint diplomatic and customs teams domestically and abroad, focusing first on Russia and China.
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PM Manmohan determined to teach the Indian communists a lesson - the government is considering the joint venture route for modernising the Kolkata and Chennai airports
Media Release
In a proposal that could annoy its Left supporters, the government is considering the joint venture route for modernising the Kolkata and Chennai airports, where the Airports Authority of India would be a minority shareholder
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Pune take the lead in using bio-diesel for running 105 buses
Media Release
Municipal bus service to test-run 105 buses next month, will save Rs 1 cr a month; full fleet to be converted
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Chinese Premier Wen Jiabao embarked on a seven-nation trip to Africa designed to secure energy and mineral resources for his country
Media Release
Wen, accompanied by Foreign Minister Li Zhaoxing, Trade Minister Bo Xilai and other top economic planning, agriculture and health officials is scheduled to visit Egypt, Ghana, the Republic of the Congo, Angola, South Africa, Tanzania, and Uganda.
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The Planning Commission has pegged India's average economic growth rate at around 7 per cent in the 10th Plan and said the economy has the potential to achieve a sustained 8 to 9 per cent annual growth

The Planning Commission has pegged India's average economic growth rate at around 7 per cent in the 10th Plan and said the economy has the potential to achieve a sustained 8 to 9 per cent annual growth provided appropriate policies were put in place.
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