FM Speak – On 1 year at the Helm of Country’s Finance Affairs

Following is the text of the Statement made by the Union Finance Minister Shri P.Chidambaram while addressing a Press Conference here today: I complete one year as the Finance Minister today.  I look back to the First Statement made by me on August 6, 2012 and how we overcame, in good measure, the challenges outlined by me in that… Read More

Tags: BusinessEconomic growthFinancial servicesIndiaMayP. ChidambaramRun batted inTertiary sector of the economy

First Quarter Review of Monetary Policy 2013-14

By Dr. D. Subbarao Governor Introduction Since early May when the Reserve Bank issued its Monetary Policy Statement for 2013-14, global growth has been uneven and slower than initially expected. The tail risks to global recovery had eased in the early part of the year, but that improvement was overtaken by the turmoil in financial… Read More

Tags: BRICSCentral bankChinaInflationJuneMayMonetary policyReserve Bank

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 RateCADCRREconomic growthIndiaLAFMayReserve requirement

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