RBI Governor D. Subbarao (right) and K. Shiva Shanmugam, President, FKCCI, at the lecture on India’s macroeconomic challenges in Bangalore on Saturday. — G. R. N. Somashekar
RBI Governor D. Subbarao (right) and K. Shiva Shanmugam, President, FKCCI, at the lecture on India’s macroeconomic challenges in Bangalore on Saturday. — G. R. N. Somashekar

Slipping up on reforms front will prove costly, says Subbarao

Reserve Bank of India Governor D. Subbarao has said the current account deficit at the present level of about 5 per cent of the GDP is unsustainable. “Over the last two years, India’s ba... »

Hardline approach helps Govt achieve 17% revenue growth

Finance Minister, P. Chidambaram, addressing a press confrerence, in the Capital on Saturday. — Kamal NarangThe taxman’s aggressive approach in 2012-13 to shore up revenues seems to have paid rich dividends for the Centre. In a difficult year on the economic front, the Government has recorded a... »

Global developments worrisome, but 6% growth possible: Rajan

Chief Economic Adviser, Raghuram Rajan, says he would stand by the 6.1-6.7 per cent Indian economic projections for this year.India is watching the external developments in recent weeks and its impact on the economy, Chief Economic Advisor Raghuram G. Rajan said here today even as he expressed optimism of the economy gro... »
INDEX OUTLOOK

Stocks on a slippery slope

Sensex slipping below their 200-day moving averages.Indian benchmark indices that have been precariously poised over the last two weeks began slithering down last week. The Nifty has closed below the 5,600 level and the Sensex below 18,600, much to... »


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