Manoj's Feed
Feb 12, 2015

India retail inflation accelerates in Jan, but stays below RBI’s target

NEW DELHI, Feb 12 (Reuters) – India’s retail inflation
accelerated in January after shifting to a new base year for
calculating prices, but stayed well below the central bank’s
target, bolstering prospects for further interest rate cuts.

Consumer prices rose an annual 5.11 percent
compared with a 4.28 percent gain in December, the statistics
department said on Thursday after it changed the base year for
measuring inflation to 2012 from 2010.

Feb 12, 2015

CPI probably rose in Jan on base year shift

NEW DELHI (Reuters) – Indian inflation probably rose in January as the country shifted to a new base year for calculating prices, adding more weight for services like education and health, changes that may deter the central bank from cutting interest rates soon.

A collapse in global oil prices has unleashed a wave of monetary easing around the world as central bankers seek to stave off deflation and bolster their economies.

Feb 11, 2015

Consumer inflation probably rose in Jan on base year shift

NEW DELHI (Reuters) – Indian inflation probably rose in January as the country shifted to a new base year for calculating prices, adding more weight for services like education and health, changes that may deter the central bank from cutting interest rates soon.

A collapse in global oil prices has unleashed a wave of monetary easing around the world as central bankers seek to stave off deflation and bolster their economies.

Feb 11, 2015

India consumer inflation probably rose in Jan on base year shift

NEW DELHI, Feb 12 (Reuters) – Indian inflation probably rose
in January as the country shifted to a new base year for
calculating prices, adding more weight for services like
education and health, changes that may deter the central bank
from cutting interest rates soon.

A collapse in global oil prices has unleashed a wave of
monetary easing around the world as central bankers seek to
stave off deflation and bolster their economies.

Feb 10, 2015

India aims to amend arbitration law to lure foreign investors

NEW DELHI (Reuters) – India plans to amend its arbitration law, setting time limits for courts and easing judicial rules to decide corporate disputes, as it seeks to attract more foreign investment, Law Minister Sadananda Gowda said on Tuesday.

Many domestic and foreign companies, such as British telecoms major Vodafone (VOD.L: Quote, Profile, Research), prefer Singapore, Hong Kong and London as arbitration venues, since winning final settlements from Indian courts can take years.

Feb 10, 2015

India’s 2015/16 budget to assume growth of 8-plus pct – source

NEW DELHI (Reuters) – Revisions to India’s economic output data mean that Finance Minister Arun Jaitley’s upcoming budget should assume that the economy will grow by at least 8 percent in the 2015/16 fiscal year, a government source told Reuters on Tuesday.

India has changed the way it measures economic activity to conform with international standards, resulting in huge upward revisions to growth figures but a small downward adjustment to the size of Asia’s third-largest economy.

Feb 9, 2015

It’s official: India is the world’s fastest growing big economy

NEW DELHI (Reuters) – India on Monday forecast that annual economic growth would accelerate to 7.4 percent in the year ending in March after its statisticians changed the way they measure Asia’s third-largest economy.

The new estimate is sharply higher than the Reserve Bank of India’s (RBI) growth projection of around 5.5 percent under the old method as well as a revised 6.9 percent growth a year earlier.

Feb 4, 2015

Falling oil prices pull India’s budget out of the fire

NEW DELHI, Feb 5 (Reuters) – Falling oil prices have been a major windfall
for India: Just weeks ago it faced failing to meet fiscal deficit targets, but
can now expect a budget that not only hits its targets, but also provides extra
cash to support reform.

The coming budget for fiscal 2015/16 (April-March), which will be unveiled
on Feb. 28, is widely seen as a test of Prime Minister Narendra Modi’s ability
to lead economic reform.

Jan 30, 2015

Economic growth revised up by almost 50 percent

NEW DELHI (Reuters) – India’s economy grew almost 50 percent faster in 2013/14 than earlier thought, the government said on Friday after changing a formula, a reminder of the challenges that unreliable statistics present to Indian policymakers.

In the year leading up to the elections that brought Prime Minister Narendra Modi to power last May, the economy grew 6.9 percent, not the 4.7 percent reported earlier, chief statistician T.C.A. Anant told reporters.

Jan 30, 2015

India’s economic growth revised up by almost 50 percent

NEW DELHI, Jan 30 (Reuters) – India’s economy grew almost 50
percent faster in 2013/14 than earlier thought, the government
said on Friday after changing a formula, a reminder of the
challenges that unreliable statistics present to Indian
policymakers.

In the year leading up to the elections that brought Prime
Minister Narendra Modi to power last May, the economy grew 6.9
percent, not the 4.7 percent reported earlier, chief
statistician T.C.A. Anant told reporters.