Indian Economy

24.47 billion dollars FDI inflow registered in India during last fiscal

Foreign direct investmentNew Delhi, May 2 : India had received 24.57 billion dollars in

P. Chidambaram asks people to have patience on inflation

P ChidambaramBangalore, May 2 : Union Finance Minister P Chidambaram tod

India's inflation rate rises to 7.57 per cent

New Delhi - Indian RupeesIndia's inflation rate rose to a three-and-a-half-year high of 7.

NDA's dawn-to-dusk strike against price rise begins

New Delhi, May 2: The Opposition National Democratic Alliance (NDA) is observing a general strike today to protest against the Congress-led United Progressive Alliance (UPA) Government's inability

Government will find it difficult to control inflation: CII Chief Kamath

New Delhi, Confederation of Indian IndustryMay 1: Confederation of Indian Industry (CII) President K V Kamath today expressed concern over rising prices going to levels where controlling it could become difficult for the government.

Seeking to underplay the political controversy over the inflation, Kamath said, "Growth momentum is too strong for the government to control."

“The current "inflationary momentum has caught us by surprise. Initially, we thought it was only external factors and food driven but suddenly it has gathered momentum in the last three-six months," Kamath said.

Financial Bill passed: Chidambaram gives assurances on controlling inflation

New Delhi, Apr 29 : Finance Minister P Chidambaram on Tuesday gave assurances that the Reserve Bank of India’s monetary policy and fiscal measures would help to control inflation.

“The 25 basis points hike in the Cash Reserve Ratio by the RBI, the steps taken in the last three weeks on the food front and the measures announced today together would have an impact on the price situation,” Chidambaram told members of the Lok Sabha after the passage of the Finance Bill.

“Changes in duty charges that was announced today, would have a revenue implication of Rs 1,500 crore, while those announced between the budget and now would have an impact of Rs 4,840 crore,” he added.

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