Tag Archives: India

Is India in danger of another crisis? And could it hold lessons for others? A weak currency won’t necessarily lead to a crisis. But, if it makes it harder to pay for a deficit that is owed to overseas creditors, that’s when it could become a problem. That’s what the newly appointed governor of the RBI, the Indian central bank, …

S Vice President Joe Biden will deliver a US foreign policy speech today reflecting India’s growing role in the Asia-Pacific region before leaving for his maiden visit to India. “The Vice President will focus on the United States’ enduring commitment to the rebalance toward Asia, India’s growing role in the Asia-Pacific region, and the critical importance of deepening US trade …

MUMBAI, May 10 (Reuters) - India's NSE index rose on Friday to its highest close since January 2011, as ITC rose to a record on expectations foreign investors will continue to scoop up domestic blue chips, while Maruti Suzuki surged after the yen slid against the dollar. The NSE index has gained 2.5 percent this week, marking its fourth consecutive …

India’s industrial production unexpectedly rose in February after policy changes and interest- rate reductions to revive economic growth from its weakest pace in a decade. Production at factories, utilities and mines climbed 0.6 percent from a year earlier after a 2.4 percent gain in January, the Central Statistical Office said in a statement in New Delhi today. The median of …

In late 2012, the Rocky Mountain Institute’s cofounder, chairman, and chief scientist Amory Lovins spent seven weeks in Japan, China, India, Indonesia, and Singapore observing Asia’s emerging green energy revolution. In February 2013, he returned to Japan and China. Japan, China, and India—all vulnerable to climate change—turned out to be in different stages of a “shared and massive shift” to …

MUMBAI: Foreign exchange reserves grew by $1.61 billion to $296.05 billion for the second consecutive week on the back of a rise in the core foreign currency assets. The total reserves had risen by $55.8 million to $293.44 billion in the previous reporting week, according to the RBI data. Foreign currency assets, a major component of the forex reserves, rose …

NEW DELHI: India is likely to raise taxes on a number of manufactured items and expand the tax net in its budget to rein in its deficit and give space for the central bank to cut interest rates to support growth, a top government economic adviser said on Friday.  The Reserve Bank of India (RBI) has called on the government …

New Delhi – State-run India Infrastructure Finance Co. plans to tie up with Barclays PLC, HSBC Holdings PLC and the Asian Development Bank, among others, to float a $1 billion debt fund by the end of April to finance local infrastructure projects, its chairman said Tuesday. “Barclays and HSBC are likely to contribute together about $300 million for a [total] …

India has proposed setting up a multilateral bank that would be exclusively funded by developing nations and finance projects in those countries, two government officials with knowledge of the matter said. The plan has been circulated to the countries in the so- called BRIC group — Brazil, Russia, India and China — as well as to South Africa, an Indian …