Tuesday, February 2, 2010

Economics News of INDIA

RBI said it was unlikely to change its policy in between quarterly reviews unless there was an unanticipated event. (BS)


RBI hints at curbs on capital inflows to avoid stark economic imbalances. (ET)


On the back of rising crude oil prices, India’s imports turned positive after 11 months in December 2009 when it increased by 27.3% while exports grew for the second consecutive month by 9.3%. (BS)


The World Bank said that India is likely to grow at 7.5% in the next fiscal, while for the current fiscal its estimate is a modest 6%. (ET)


The government said it will consider freeing of petrol and diesel prices after an expert panel chaired by Kirit Parikh gives its views this week. (FE)


Banks want farm targets delinked from infra loans. (BS)

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