BUSINESS

RBI failure cause of reduction in India’s growth to 8%, China leads at 9.5%

RBI failure cause of reduction in India’s growth to 8%, China leads at 9.5%

 By– Correspondent |  Date– May 10, 2011 | Place– Mumbai Advertisements The International Monetary Fund has revised the growth projection of Asian countries. It has projected a downward trend of Indian’s growth for 2011 to around 8% owing to high inflation and overall global economic turmoil created due to rising prices of commodity goods […]

SBI increases interest rates – Loans to be expensive

SBI increases interest rates – Loans to be expensive

Date- April 20, 2011 | Place- Mumbai The largest lending bank in India, the State Bank of India (SBI), on Tuesday, 19th of April announced an increase of 25 basis points in its lending rates. The new lending rates would now stand at 8.50% effective from April 25th, SBI has confirmed. With this, SBI has […]

No agreement on Goods and Services Tax: Finance Ministry

By- Pratik Dutta | Date- April 16, 2011 | Place- Kolkata In spite of a four-year discussion, the central government and the states have failed to reach an agreement on the implementation of the Goods and Services Tax (GST), a top union finance ministry official confirmed in Kolkata. Under the concept of the Goods and […]

New FDI Policy – India to destroy Small Enterprises

By- Staff Reporter | Date-  April 01, 2011 In a move considered as historical for Indian economy, the Government of India on Thursday, March 31 brought in a revised policy for foreign direct investment (FDI) in the country. As per the new policy, the norms are extremely relaxed for Foreign Investment, which is expected to […]