Economy

Govt plans rice reserve sale in local markets

India, the world\'s second biggest rice grower, plans to sell the grain in local markets from reserves to douse fears of shortage caused by the worst monsoon in three decades, Farm Minister Sharad Pawar said on Saturday.

RBI\'s new forex derivative rule too liberal, say experts

The Reserve Bank of India (RBI) has announced draft rules for foreign exchange (forex) derivatives. The majority opinion from bankers, corporates and RBI insiders is that the RBI has been liberal enough to take a step forward by allowing corporates to write options at a time when the world is so much pitted against allowing corporates.

Interest rates may remain flat till May \'10: Deepak Parekh

HDFC’s Chairman Deepak Parekh fears that an asset bubble may be in the making.

Road sector, a good parking lot for investments

Union Road Transport and Highways Minister Kamal Nath believes that as long as India remains a good investment destination and in that destination a good parking lot will be the road sector.

India has seen major eco reforms but why are they so slow?

Mass protests by sugarcane farmers backed by political opposition parties forced the parliament to adjourn for a second day on Friday, a major headache for the ruling Congress party.

India\'s FX reserves at $286.376 bn as on Nov 13

India\'s foreign exchange reserves rose to USD 286.376 billion as on Nov. 13, from USD 285.414 billion a week earlier, the Reserve Bank said in its weekly statistical supplement on Friday.

Govt has no roadmap to exit stimulus says junior FM

The government has not yet chalked out a roadmap to withdraw stimulus in the first half of 2010, the junior finance Minister said on Friday in a written reply to a question in parliament.

Govt to change new sugarcane pricing rule: Minister

The government has agreed to change a new sugarcane pricing rule, Railways Minister Mamata Banerjee told reporters after a meeting of senior government ministers on Friday.

Govt won\'t tax capital inflows: Ahluwalia

India is not considering imposing a tax to curb an influx in overseas funds, and indeed wants an increase in inflows, the deputy chairman of the government\'s planning commission said on Friday.

SP Tulsian terms FRP as an \'illconcieved\' move

In an interview with CNBCTV18, Jonathan Kingsman, Managing Director of Kingsman SA, Investment Advisor SP Tulsian and Narendra Murukumbi of Shree Renuka Sugars, spoke about how the sugar companies will do with or without fair and remunerative price (FRP) next year.

Ahluwalia says not looking at tax on inflows

India is not considering imposing a tax to curb capital inflows, and wants the inflows to rise a little more, the Deputy Chairman of the government\'s planning commission told Reuters on Friday.

Parliament nod unlikely for insurance bill

A bill to reform the insurance sector is unlikely to be cleared by the parliament\'s winter session, a finance ministry official said on Thursday.

OECD raises India 2010 GDP growth forecast

Following is a summary of what the Parisbased Organisation for Economic Cooperation and Development had to say about nonmembers Brazil, India, China and Russia in its semiannual Economic Outlook released on Thursday.

Power Fin in pact with 3 staterun cos for equal JV

Power Finance Corporation in pact with 3 staterun cos for equal JV.

No proposal to raise fuel prices: Oil secy

The government has no immediate plan to raise fuel prices, Oil Secretary RS Pandey said on Thursday.