Manoj's Feed
Nov 27, 2014

Jaitley likely to meet Rajan on Monday to urge rate cut

NEW DELHI (Reuters) – Finance Minister Arun Jaitley is likely to meet the head of the Reserve Bank of India in New Delhi on Monday to urge the central bank to cut interest rates at a policy meeting the following day, two senior finance ministry officials said.

Jaitley wants the RBI Governor Raghuram Rajan to cut interest rates to support economic growth, one of the officials told Reuters on Thursday.

Nov 27, 2014

India’s Jaitley likely to meet Rajan on Monday to urge rate cut

NEW DELHI, Nov 27 (Reuters) – India’s finance minister is
likely to meet the head of the Reserve Bank of India in New
Delhi on Monday to urge the central bank to cut interest rates
at a policy meeting the following day, two senior finance
ministry officials said.

Arun Jaitley wants the RBI Governor Raghuram Rajan to cut
interest rates to support economic growth, one of the officials
told Reuters on Thursday.

Nov 25, 2014

Exclusive – India central bank under pressure to cut rates as growth slips

NEW DELHI (Reuters) – India’s economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates.

The sources said Finance Minister Arun Jaitley would press Reserve Bank of India (RBI) Governor Raghuram Rajan to lower borrowing costs when the two meet ahead of a decision on interest rates next Tuesday.

Nov 25, 2014

RBI under rate cut pressure as growth slips back

NEW DELHI (Reuters) – India’s economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the Reserve Bank to cut interest rates.

The sources said Finance Minister Arun Jaitley would argue forcefully for Reserve Bank of India (RBI) Governor Raghuram Rajan to lower interest rates when the two meet ahead of a decision on rates next Tuesday.

Nov 25, 2014

Exclusive: India central bank under rate cut pressure as growth slips back

NEW DELHI (Reuters) – India’s economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates.

The sources said Finance Minister Arun Jaitley would argue forcefully for Reserve Bank of India (RBI) Governor Raghuram Rajan to lower interest rates when the two meet ahead of a decision on rates next Tuesday.

Nov 25, 2014

India central bank under rate cut pressure as growth slips back

NEW DELHI, Nov 25 (Reuters) – India’s economic growth
probably slowed to around 5 percent in the three months to
September, slipping from 5.7 percent in the previous quarter,
two senior finance ministry sources said, putting pressure on
the central bank to cut interest rates.

The sources said Finance Minister Arun Jaitley would argue
forcefully for Reserve Bank of India (RBI) Governor Raghuram
Rajan to lower interest rates when the two meet ahead of a
decision on rates next Tuesday.

Nov 18, 2014

India readies new steps to curb surge in gold imports – source

NEW DELHI, Nov 18 (Reuters) – India is likely to announce
new measures to curb gold imports as early as Tuesday, a senior
finance ministry source said, and they could include
restrictions on a group of private trading firms that have been
allowed to bring in the precious metal.

Shipments to the world’s second-largest gold buyer jumped
fourfold in October from a year earlier to $4.18 billion,
raising concern about India’s fragile balance of payments.

Nov 17, 2014

RBI talking to government about more gold import curbs

NEW DELHI/MUMBAI (Reuters) – The Reserve Bank of India (RBI) is in talks with the government to increase curbs on gold imports, Deputy Governor S S Mundra said on Monday, reflecting policymakers concerns that a jump in inbound shipments will worsen the country’s trade deficit.

Mundra’s comments come on the same day that trade data showed India’s gold imports in October surged nearly four-fold to $4.18 billion from a year ago. India is the world’s No. 2 gold consumer behind China.

Nov 17, 2014

India’s central bank talking to govt about more gold import curbs

NEW DELHI/MUMBAI Nov 17 (Reuters) – India’s central bank is
in talks with the government to increase curbs on gold imports,
Deputy Governor S.S. Mundra said on Monday, reflecting
policymakers concerns that a jump in inbound shipments will
worsen the country’s trade deficit.

Mundra’s comments come on the same day that trade data
showed India’s gold imports in October surged nearly four-fold
to $4.18 billion from a year ago. India is the world’s No. 2
gold consumer behind China.

Nov 13, 2014

India-U.S. deal revives WTO and hope of world trade reform

NEW DELHI/WASHINGTON/GENEVA (Reuters) – India and the United States settled a dispute on Thursday that had paralysed the World Trade Organization and risked derailing a $1 trillion (0.63 trillion pounds) package of reforms of global customs procedures.

The deal, which needs to be backed by all 160 WTO members, has resurrected hopes that the trade body can now push through those reforms, opening the way up for further negotiations.