Statement by Shri P Chidambaram, Union Finance Minister in Parliament
Following is the Text of the Statement made by the Union Finance Minister Shri P. Chidambaram in Parliament today: Last year, at this time, the foremost challenge to the Indian economy was the growing fiscal deficit. Hence, on August 6, 2012 I made a statement on the path of fiscal consolidation that we intended to take. Following… Read More
Tags: CAD, Computer-aided design, Current account, Economy of India, Gross domestic product, India, P. Chidambaram, Reserve Bank of India
Macroeconomic and Monetary Developments – First Quarter Review 2013-14
The Reserve Bank of India today released the Macroeconomic and Monetary Developments First Quarter Review 2013-14. The document serves as a backdrop to the First Quarter Review of Monetary Policy Statement 2013-14 to be announced on July 30, 2013. Highlights: Overall Outlook Amplifying macro-financial risks warrant cautious monetary policy stance Growth is expected to improve slowly… Read More
Tags: CAD, Computer-aided design, Current account, Economy of India, India, Middle East, Reserve Bank, Reserve Bank of India
RBI Publishes Mid-Quarter Monetary Policy Review: June 2013
Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at… Read More
Tags: Bank Rate, CAD, CRR, Economic growth, India, LAF, May, Reserve requirement
No Additional Restrictive Measures on Gold Contemplated : CEA
Statement Made by Chief Economic Adviser Dr. Raghuram G. Rajan to the Media Today; India Has Received Net Inflow Of $3.675 Billion Between May 1 and June 10, 2013; Large Part of the Decline in the Value of Rupee In Recent Days Is Because of Dollar Strength; Significant Drop in Gold Imports Expected During June, 2013… Read More
Tags: CAD, Computer-aided design, Current account, Federal Reserve System, Government, India, Raghuram Rajan, Run batted in
RBI Release – Macroeconomic and Monetary Developments in 2012-13
The Reserve Bank of India today released the Macroeconomic and Monetary Developments in 2012-13. The document serves as a backdrop to the Monetary Policy Statement 2013-14 to be announced on May 3, 2013. Highlights: Overall Outlook Macro-financial risks require cautious monetary policy stance ahead In view of macro-financial risks that stay significant, headline inflation remaining… Read More
Tags: CAD, Consumer Price Index, Current Account Deficit, Headline inflation, India, Inflation, Monetary policy, Reserve Bank, Reserve Bank of India
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