The Economic Times- News- Economy- FinanceThe Economic Times: Latest business, finance, markets, stocks, company news from India.FDI inflow bode well for India: World Bank official- (Found June 29, 2008 ) The steady stream of Foreign Direct Investments flow into India and attempts by Indian companies to invest abroad bode well for India, World Bank's Development Prospects Group's International Finance Manager, Mansoor Dailami on Friday said.http://economictimes.indiatimes.com/News/Economy/Finance/FDI_inflow_bode_well_for_India_Wo... Karnataka mulls on new industrial policy & industrial corridor- (Found June 29, 2008 ) The BJP government in Karnataka today announced that it will unveil a new industrial policy in about three months to give a boost to industrial development in the state and proposed to build the Bangalore-Mumbai industrial corridor.http://economictimes.indiatimes.com/News/Economy/Finance/Karnataka_mulls_on_new_industrial... RBI to foot NE banks' VSAT bills- (Found June 29, 2008 ) In a bid to boost presence of banking services in rural areas, especially the north-eastern region, the Reserve Bank of India (RBI) has proposed to incentivise banks by reimbursing lease rentals incurred on VSAT terminals.http://economictimes.indiatimes.com/News/Economy/Finance/RBI_to_foot_NE_banks_VSAT_bills/r... Rajan says inflation targeting is the way to go- (Found June 29, 2008 ) Former IMF chief economist Raghuram Rajan defended his recommendation that the Reserve Bank of India (RBI) formally adopt inflation targeting as its monetary policy objective.http://economictimes.indiatimes.com/News/Economy/Finance/Rajan_says_inflation_targeting_is... No VAT on redgram supplied through fair price shops in AP- (Found June 29, 2008 ) Andhra Pradesh Chief Minister Y S Rajasekhara Reddy has said that there would be no VAT on the red gram supplied through fair price shops.http://economictimes.indiatimes.com/News/Economy/Finance/No_VAT_on_redgram_supplied_throug... RBI likely to raise interest rates further in 2008- (Found June 29, 2008 ) A slim majority of economists expect India's central bank to raise its key lending rate once more in 2008 after this week's surprise 25 basis point increase to contain inflation expectations, a media poll showed.http://economictimes.indiatimes.com/News/Economy/Finance/RBI_likely_to_raise_interest_rate... RBI hikes interest rate by 0.25%- (Found June 29, 2008 ) RBIs move signals that inflation is a bigger priority than growth. It may not tame inflation in a hurry, but will discourage spending over a period of time, as banks pass on their higher cost of funds to borrowers.http://economictimes.indiatimes.com/News/Economy/Finance/RBI_hikes_interest_rate_by_025/rs... NABARD to raise Rs 200 crore via bonds- (Found June 29, 2008 ) National Bank for Agriculture and Rural Development, a state-run farm lender, on Wednesday opened a bond issue to raise Rs 200 crore, merchant bankers associated with the deal said.http://economictimes.indiatimes.com/News/Economy/Finance/NABARD_to_raise_Rs_200_crore_via_... RBI might hike CRR if inflation remains: Drabu- (Found June 29, 2008 ) Growing inflationary pressures on the domestic economy owing to the unprecedented jump in international crude oil prices might prompt the Reserve Bank to resort to more liquidity tightening measures, such as a further hike in Cash Reserve Ratios, a top banking industry official said on Wednesday.http://economictimes.indiatimes.com/News/Economy/Finance/RBI_might_hike_CRR_if_inflation_r... CST to be cut to 2% from June 01- (Found June 29, 2008 ) The government on Friday said the Central Sales Tax, a levy on inter-state sale of goods, will be reduced to two per cent from the current three from June one, which is a delay of two months from the earlier proposal.http://economictimes.indiatimes.com/News/Economy/Finance/CST_to_be_cut_to_2_from_June_01/r... |