Computer-aided design

No Fundamental Reason for Rupee Volatility, Says Dr. Raghuram Rajan

Good afternoon. There has been some turmoil in financial markets across the world as fears of a sooner-than-anticipated Fed tapering have grown. In India, we have had added volatility as the market has become concerned about policy rates and about oil marketing company demand for dollars. There are issues we have to worry about and… Read More

Tags: $32 billionComputer-aided designFederated InvestorsIndiaInflationrbiRun batted in

FM Speak :: No Cause for Panic due to Currency Market Volatility; No Intention to Introduce Capital Controls

The Union Finance Minister Shri P. Chidambaram said that revival and encouragement of growth will continue to be the focus of the Government. Shri Chidambaram said that stronger growth will, in course of time, alleviate many of the challenges that we face. He said that there is no cause for the panic that seems to… Read More

Tags: BaselComputer-aided designEconomy of IndiaForeign exchange marketGovernmentIndiaP. Chidambaram

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: CADComputer-aided designEconomy of IndiaGross domestic productIndiaP. ChidambaramReserve Bank of India

GoI & RBI on Same Page towards achieving Stability and Growth

RBI and The Government on the Same Page and working together to Achieve Stability and Growth; Government Welcomes the RBI Policy Statement : CEA The Reserve Bank of India (RBI) came out with its policy statement this morning. The RBI left policy rates on hold. Dr Raghuram Rajan, Chief Economic Adviser (CEA), Ministry of Finance… Read More

Tags: Computer-aided designFinance MinistryGovernmentRaghuram RajanRajanrbiReserve Bank of IndiaRun batted in

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: CADComputer-aided designEconomy of IndiaIndiaMiddle EastReserve BankReserve Bank of India

Change of Guard : K S Rao Takes Charge as New Textiles Minister

Dr. Kavuru Sambasiva Rao took over as the new Union Minister for Textiles here today. Dr. Rao is a Lok Sabha member from Eluru constituency of Andhra Pradesh. Speaking to mediapersons after taking charge as the new Textiles Minister, Dr. Rao expressed concern over the current account deficit (CAD) which is affecting the nation™s economy. He highlighted… Read More

Tags: Andhra PradeshCabinet of IndiaComputer-aided designEluruLokSabhaRaoTextile

FM Speak – India Continues to Remain a Desired Destination for FDI and FII

Increased Domestic Production of Oil, Coal & Restraining Gold Consumption can Contain CAD; India Continues to Remain a Desired Destination for FDI and FII P. Chidambaram The only way to contain Current Account Deficit (CAD) is to increase the domestic production of oil & coal and restraining the consumption of gold, says the Union Finance Minister… Read More

Tags: chartered accountantCoalComputer-aided designEconomic growthforeign direct investmentIndiaP. Chidambaram

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: CADComputer-aided designFederal Reserve SystemGovernmentIndiaRaghuram RajanRun batted in

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