RBI

Chidambaram Vows Action on Economy

Palaniappan Chidambaram
Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates.
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Assam Tea

India's Industrial Output in May Up by 2.4 Percent

India's industrial output picked up more than expected in May, bolstering the case for the Reserve Bank of India (RBI) to keep interest rates high at its next policy meeting as a slow start to the monsoon puts pressure on inflation, especially food prices.
Exports Overstated by $9 Billion, Says Indian Government

RBI Rate Decision Pressures Delhi For Fiscal Action

The surprise decision Monday by the Reserve Bank of India to hold its interest rate steady because of inflation concerns puts fresh pressure on the ruling Congress Party to find a fiscal solution to the country's flagging economy.

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