Reserve Bank of India - India Central Bank News

India Central Bank News

Preliminary hearing of EPA scam cases begins Friday, November 21, 2008 @ 1:47AMThe Kisutu Resident Magistrate`s Court in Dar es Salaam yesterday started preliminary hearing of cases involving four out of 20 people charged with forgery and stealing from the Bank of Tanzania`s External Payment Arrears (EPA) account.
The impact of slowdown on India Thursday, November 20, 2008 @ 6:38PM By mid-October, India was well in the midst of a slowdown. Estimates of annual GDP growth had been lowered from 9% to 7.5%. Bharti, DLF, ITC among top stocks
Sebi says no unusual trades in ICICI counter Thursday, November 20, 2008 @ 1:50PMAfter the central bank’s rare move to clarify the liquidity position of India’s second largest lender ICICI Bank in October, the Securities and Exchange Board of India (Sebi) on Thursday came to the rescue of the bank, scotching rumours that the bank’s top management has been offloading their stakes for the last few days.
Uco, Central Bank seek additional capital from govt Thursday, November 20, 2008 @ 1:50PMVijaya, United Bank ascertaining requirement for more funds, likely to approach finance ministry soon.
Maruti beats slump by focusing on rural, govt sector Thursday, November 20, 2008 @ 1:50PMMaruti Suzuki India (MSIL), the country’s largest passenger car maker, is trying to keep its growth momentum going through innovative offerings.
No tax benefits for short-term MF investors, says Sebi panel Thursday, November 20, 2008 @ 1:48PMThe Securities and Exchange Board of India (Sebi) is considering a proposal to remove the short-term tax benefits on dividends paid by mutual funds. At present, investors get tax advantages when they are paid dividends.
Inflation at 8.9% Thursday, November 20, 2008 @ 1:48PMInflation, as captured by the wholesale price index (WPI), grew at a slower pace of 8.9 per cent for the week ended November 8 due to fall in prices of petroleum and manufactured products. It had dipped to the single-digit level after a gap of five months to touch 8.98 per cent in the previous week.
BASE METALS HIGHLIGHTS: Top Stories Of The Day Thursday, November 20, 2008 @ 1:40PMMOSCOW (Dow Jones)--Russian mining giant Norilsk Nickel (GMKN.RS) said Thursday it is to cut its investment program, trim production and may partially close or even sell of some of its overseas units, and warned its net profits could fall 75% in 2009.
Rupee drops to a record low against the dollar as FIIs continue to pull out money from Indian stocks and concerns ... Thursday, November 20, 2008 @ 7:15AMThe Indian rupee fell to a new all-time low against the dollar on Thursday as FIIs continued to pull out money from Indian stocks and concerns mounted over the fallout of the global recession on the Indian economy.
Russia leads emerging-market stock slump as $52 oil stokes rout Thursday, November 20, 2008 @ 7:11AMNov.
East is East, West is West? No more Thursday, November 20, 2008 @ 7:07AMAlthough the power has shifted, the problems stay the same
Indian Stock Index Drops to Three-Year Low; Reliance Leads Fall Thursday, November 20, 2008 @ 2:08AMNov. 20 (Bloomberg) -- Indian stocks fell for a seventh day, dragging the benchmark index to its lowest in three years, after U.S. consumer prices slumped by a record, heightening concerns that a recession in the world’s largest economy is deepening.
4 books: China, US, India, global financial crisis: struggles and progress Wednesday, November 19, 2008 @ 6:33PMIs the deep-seated financial crisis of US and Europe leading to political, economic, and leadership crisis in view of surging China and India power? What would follow ongoing global financial and wealth crisis in the 21st century?
Czech fuel-injection systems maker Motorpal forms Russian joint venturewith AMO ZiL Wednesday, November 19, 2008 @ 6:30AMPRAGUE. NOVEMBER 19. INTERFAX CENTRAL EUROPE - Czech diesel fuel- injection systems maker Motorpal said Wednesday it plans an aggressive expansion on the Russian market, following its establishment in October of a local subsidiary and formation of a joint venture with automotive engineering holding AMO ZiL to produce pumps under the Motorpal-RAAZ trademark.
Gold Reaches Record Dollar Demand in Q3 Wednesday, November 19, 2008 @ 6:00AM Dollar demand for gold reached an all-time quarterly record of US$32bn in the third quarter of 2008 as investors around the world sought refuge from the global financial meltdown, and jewelry buyers returned to the market on lower price points according to Gold Demand Trends released today by World Gold Council .
Indian rupee bounces off 3-wk low as shares rise Tuesday, November 18, 2008 @ 10:56PM* Rupee weak but stocks rise help sentiment
Digital divide remains glaring in Asia despite growth in mobile telephones Tuesday, November 18, 2008 @ 9:05PMUN meeting in Bangkok addresses issues in ICT development in the region Despite significant progress Asia and the Pacific has made in utilizing information and communication technology (ICT), such a
Centre working on fresh stimulus package Tuesday, November 18, 2008 @ 1:53PMAction on rate cuts at appropriate time: Subbarao
IIFCL likely to get capital infusion of Rs 1,000 cr Tuesday, November 18, 2008 @ 1:42PMThe finance ministry is likely to infuse an additional equity capital of Rs 1,000 crore into India Infrastructure Finance Co Ltd (IIFCL), as the government plans to further boost infrastructure financing through this state-owned entity.
RBI may extend period for banks to classify aviation sector assets Tuesday, November 18, 2008 @ 1:39PMAfter mutual funds (MFs) and non-banking finance companies (NBFCs), now it is probably the turn of the aviation industry to get succour from the Reserve Bank of India (RBI).
Liquidity, asset quality major concerns Tuesday, November 18, 2008 @ 1:38PMAs the global turmoil spills into India, eight leading bankers discussed ‘Banking in Tough Times’ at the Business Standard Banking Round Table.
Banks likely to funnel more funds to core-focused NBFCs Tuesday, November 18, 2008 @ 1:28PMBanks may soon be able to lend more to the non-banking finance companies (NBFCs) that are providing funds to the infrastructure sector.
NHB may help construct more roofs for aam aadmi Tuesday, November 18, 2008 @ 1:28PMIn yet another move to provide more funds to cash-strapped housing finance companies (HFCs), the Reserve Bank of India (RBI) is looking at augmenting the resources of the National Housing Bank.
Lawmakers head for climate summit Tuesday, November 18, 2008 @ 9:07AMSenior lawmakers from across the Americas are set to meet at the weekend in an attempt to agree how the region will contribute to tackling global environmental and financial crises.
India sees growth accelerating to 9 pct next year Tuesday, November 18, 2008 @ 5:17AM India insisted Tuesday its economy would rebound next year from the global financial crisis, saying it expected to return to robust growth of nine percent.
India sees growth accelerating to 9 pct next year Tuesday, November 18, 2008 @ 5:17AM India insisted Tuesday its economy would rebound next year from the global financial crisis, saying it expected to return to robust growth of nine percent.
Nigeria: Financial Crisis - UN Appoints Soludo Into Panel Tuesday, November 18, 2008 @ 5:00AMCentral Bank of Nigeria (CBN) Governor, Prof. Chukwuma C. Soludo has been appointed as a member of the United Nations task force that will address the global financial crisis.
Inflation or deflation? Tuesday, November 18, 2008 @ 5:00AMThere is a considerable argument between commentators as to whether, apart from a pretty painful recession, the US economy is in for a bout of inflation or deflation. Both sides have apparently cogent arguments, and maintain their positions with considerable vigor.
Nigeria: Financial Crisis - UN Appoints Soludo Into Panel Tuesday, November 18, 2008 @ 4:58AMCentral Bank of Nigeria (CBN) Governor, Prof. Chukwuma C. Soludo has been appointed as a member of the United Nations task force that will address the global financial crisis.
Inflation or deflation? Tuesday, November 18, 2008 @ 4:48AMThere is a considerable argument between commentators as to whether, apart from a pretty painful recession, the US economy is in for a bout of inflation or deflation. Both sides have apparently cogent arguments, and maintain their positions with considerable vigor.
India to take steps to stimulate economy: Chidambaram Tuesday, November 18, 2008 @ 3:52AMNew Delhi, Nov 18 : Finance Minister P. Chidambaram today said that India will take steps to stimulate the economy to offset the impact of the global economic slowdown.
India to take steps to stimulate economy: Chidambaram Tuesday, November 18, 2008 @ 3:50AMNew Delhi, Nov 18 : Finance Minister P. Chidambaram today said that India will take steps to stimulate the economy to offset the impact of the global economic slowdown.
Rare blood transfusion attempted on tiger cub in India Monday, November 17, 2008 @ 9:29PMJuhi, a tiger cub named after a fragrant white flower native to India, is attended to by veterinarians at the zoo in Nagpur, India, on Nov. 17. (AP) NEW DELHI -- Veterinarians carried out a rare blood transfusion in an attempt to save a 7-month-old wild tiger that had been attacked and beaten by angry villagers in central India.
US, Japan, New Zealand et al playing follow the leader into recession Monday, November 17, 2008 @ 8:07PMRecession is spreading through global economies at a great pace, reports Glenn Dyer .
China, Indonesia, Philippines, Taiwan: Asia Local Bond Preview Monday, November 17, 2008 @ 4:08PMNov. 18 (Bloomberg) -- The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session.
Survival bid amid global slide - PM meets aides to chalk out strategy Monday, November 17, 2008 @ 3:56PMNew Delhi, Nov. 17: Prime Minister Manmohan Singh today held a high-level meeting on possible steps against a slowdown, hours after flying back from the G20 meeting in Washington.
Vets battle to save tiger cub beaten by villagers Monday, November 17, 2008 @ 3:47PMVeterinarians carried out a rare blood transfusion in an attempt to save a 7-month-old wild tiger that had been attacked and beaten by angry villagers in central India.
Rare blood transfusion attempted on tiger cub Monday, November 17, 2008 @ 10:06AM Veterinarians carried out a rare blood transfusion in an attempt to save a 7-month-old wild tiger that had been attacked and beaten by angry villagers in central India.
The specter of deflation is suddenly on the horizon Monday, November 17, 2008 @ 5:12AMUntil recently, the idea that deflation – the decline of most prices – was possible, let alone a potential economic danger, seemed outlandish. If anything, inflation was the threat. Led by rising oil and food prices, it was increasing in most countries.
TOASTING A NEW ECONOMIC ORDER? Monday, November 17, 2008 @ 5:09AMWASHINGTON -- The official menu for the Group of 20 dinner Friday evening at the White House featured fruitwood-smoked quail with quince gastrique , thyme-crusted rack of lamb with eggplant fondue and a pear torte with huckleberry sauce.
(AFX UK Focus) 2008-11-17 10:48 SE Asia Stocks-Weaker amid global gloom; Bangkok, KL buck trend Monday, November 17, 2008 @ 4:52AMBy Viparat Jantraprap
Dubai financial centre to channel capital from India, China Monday, November 17, 2008 @ 4:02AMDubai, Nov 17 : The Dubai International Financial Centre (DIFC) is preparing itself in the face of the global financial crisis to act as a major channel for capital flows between emerging economies like India, China, the Middle East and North Africa.
Dubai financial centre to channel capital from India, China Monday, November 17, 2008 @ 3:56AMThe Dubai International Financial Centre (DIFC) is preparing itself in the face of the global financial crisis to act as a major channel for capital flows between emerging economies like India, China, the Middle East and North Africa.
(AFX UK Focus) 2008-11-17 06:31 TOPWRAP 2-Japan slips into recession; G20 fails to inspire Monday, November 17, 2008 @ 12:54AMBy Linda Sieg
Japan joins Europe in recession Monday, November 17, 2008 @ 12:41AMTOKYO (Reuters) - Japan unexpectedly sank into recession in the third quarter, even before it felt the full force of the financial crisis, putting more pressure on world leaders to deliver on a promised global economic rescue plan.
Nigeria: UN Appoints Soludo Into Financial Task Force Monday, November 17, 2008 @ 12:40AMGovernor of Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, has been appointed to a high-level task force being set up by the United Nations to examine the possible reform of the global financial system, including the International Monetary Fund (IMF) and the World Bank, in the wake of the current economic turmoil.
17-11-2008:- Zeti appointed to UN task force to examine reform of global financial system Monday, November 17, 2008 @ 12:29AMKUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz has been appointed to a high-level task force being set up by the United Nations (UN) to examine the possible reform of the global financial system, including the International Monetary Fund (IMF) and the World Bank in the wake of the current economic turmoil.
TOPWRAP 2-Japan slips into recession; G20 fails to inspire Monday, November 17, 2008 @ 12:16AM(For more stories on the financial crisis click [ID:nCRISIS ])
Mahindra Lifespace not going slow on projects-official Monday, November 17, 2008 @ 12:13AMNEW DELHI, Nov 17 (Reuters) - Real estate firm Mahindra Lifespace Developers Ltd is not going slow on any of its projects and expects consumer demand for housing to return as financing becomes easier, a top official said.