CSO: Estimates of GDP, National Income
Jan 31, 11:51 PM EST |
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| Economic Position of GDP shows rises in 2006 to 2007. |
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| GDP at constant prices & at current prices in 2006-07 showing a growth of 9.6% during the year & 15.7% respectively. National income at constant & at current prices showing a rise of 9.7% & 15.9% respectively.The per capita income at factor cost showing an increase of 8.1% & at current prices showing an increase of 14.2%.Gross Domestic Capital Formation both at current & at constant prices increases. |
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Unemployment Situation In India : 2005-06
Jan 29, 6:43 PM EST |
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| The data of 62nd round survey of National Sample Survey Organisation in the Ministry of Statistics and Programme Implementation. |
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| This report provides unemployment situation in India and some characteristics associated with them at the national and state levels. Information regarding participation in public works was collected for the first time in this round for persons of age 15 years and above in the rural areas. |
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RBI Left Rates Unchanged
Jan 29, 9:59 PM EST |
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| Bank Rate, Reverse Repo Rate, Repo Rate and Cash Reserve Ratio kept unchanged. |
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| Dr. Y Venugopal Reddy, Governor, Reserve Bank of India today presented the Third Quarter Review of Annual Statement on Monetary Policy for the fiscal year 2007-08. RBI left the bank rate, repo rate, reverse repo rate, and capital requirement ratio, unchanged. The bank in its quarterly assessment said tha tht economic grwoth is within its target but money supply and inflation are running ahead of its comfort level. |
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Six Year High Amid Inflation
Jan 29, 5:06 AM EST |
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| India May Keep Rates at Six-Year High Amid Inflation. |
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| India''''s central bank may keep interest rates near a six-year high as it judges the risk of accelerating domestic inflation a greater concern than slowing global economic growth.India''''s government faces elections in a year and wants to contain inflation, an issue that affects votes in a country where more than half of the 1.1 billion people live on less than $2 a day. |
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RBI Reference Rate for US dollar and Euro
Jan 24, 7:23 AM EST |
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| Reference Rate for the US dollar is Rs.39.43 and Reference Rate for Euro is Rs.57.65 on January 24, 2008. |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.43 and the Reference Rate for Euro is Rs.57.65 on January 24, 2008. The corresponding rates for the previous day (January 23, 2008) were Rs.39.56 and Rs.57.89 respectively. |
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RBI issues Draft Guidelines for NoC
Jan 24, 9:48 AM EST |
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| RBI issues Draft Guidelines for NoC to open Offices or Undertaking Investment Abroad by NBFCs |
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| The Reserve Bank of India (RBI) today posted on its website the draft Guidelines for extending No Objection Certificate (NoC) for opening of branch/subsidiary/representative office or undertaking investment abroad by Non Banking Finance Companies (NBFCs). |
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RBI - Modified Guidelines for (MGCs)
Jan 23, 6:44 AM EST |
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| RBI places on Its Website Revised Regulatory Framework for Mortgage Guarantee Companies |
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| It may be recalled that while announcing the Union Budget 2007-08, the Finance Minister of India had stated:
''''''''Our people want housing loans. Banks and housing finance companies that lend against mortgages would have greater comfort if the mortgage can be guaranteed through a three way contract among borrower, lender and guarantor. Regulations will be put in place to allow the creation of mortgage guarantee companies.'''''''' |
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RBI Reference Rate for US dollar and Euro
Jan 23, 6:54 AM EST |
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| Reference Rate for the US dollar is Rs.39.56 and Reference Rate for Euro is Rs.57.89 on January 23, 2008. |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.56 and the Reference Rate for Euro is Rs.57.89 on January 23, 2008. The corresponding rates for the previous day (January 22, 2008) were Rs.39.73 and Rs.57.34 respectively. |
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RBI releases 9th Forex Reserves Mngt Report
Jan 22, 8:02 AM EST |
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| The RBI has today placed on its website, the ninth report on management of foreign exchange reserves with reference to September 30, 2007 |
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| It may be recalled that in February 2004, the Reserve Bank had commenced a process of compiling half yearly reports and placing them in the public domain with a lag of about three months for bringing about more transparency and also for enhancing the level of disclosure. |
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RBI Reference Rate for US dollar and Euro
Jan 22, 8:06 AM EST |
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| Reference Rate for the US dollar is Rs.39.73 and Reference Rate for Euro is Rs.57.34 on January 22, 2008. |
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| The Reserve Bank of India’s Reference Rate for the US dollar is Rs.39.73 and the Reference Rate for Euro is Rs.57.34 on January 22, 2008. The corresponding rates for the previous day (January 21, 2008) were Rs.39.38 and Rs.57.27 respectively. |
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