Tag: GDP

Provisioning requirements for loans restructuring hikes to 5%: RBI

Feb. 01 Business Comments Off

Seeking a tight grip over banking bad debts, the Reserve Bank of India announced to hike the provisioning requirements for loans restructuring of banks to 5 %, reports said. Read more

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India needs fiscal consolidation, Growth, inflation likely to fall: RBI

Jan. 28 Business, India News Comments Off

Just a day ahead when country expected a repo rate cut by the Reserve Bank of India, the bank said monetary easing needed a sustained fiscal consolidation. Read more

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Chidambaram promises more steps to turnaround economy

Dec. 14 Business, India News Comments Off

P.chidambaram 150x150 Chidambaram promises more steps to turnaround economyThe world economy is facing the most difficult phase with rapid globalisation and vulnerable external sector, the affect is also go through Indian economy.

Finance Minister P. Chidambaram on Friday announced to take some more steps in the next few weeks to revive the economy and boost investment sentiments. Read more

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GDP growth slows to 5.3% in July-September quarter

Nov. 30 Business, India News Comments Off

Indian economy growth rate slowed to 5.3% from 6.7% in the July-September second quarter of the current fiscal year 2012-13.

Major reason to slow down of GDP is due to poor performance of manufacturing and agriculture sectors, expected to be just at 1% putting much pressure on govt to implement more reforms and good policies on the July-September quarter.

Earlier, Finance Minister P. Chidambaram announced to grow GDP rate 5.5% in second quarter as in first quarter India’s GDP had grown 5.5%. in the previous Read more

Tags: , , , , Fiscal Year 2012-13, , , , , July-September quarter, , , September Quarter

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