Free Press Journal
  • Sitaram Yechury

    Govt “inflating” growth rate by “dubious” data: Yechury

    New Delhi: Accusing the government of “inflating” growth rate by using “dubious” data, the CPI(M) today said such moves to project that the Indian economy was doing well may help in grabbing global headlines but would not help the economic fundamentals.

  • AAP MLA slams ‘salary hike’ for Delhi lawmakers

    New Delhi : Disgruntled over the approved 400 per cent pay hike for MLAs and ministers in the national capital, Aam Aadmi Party (AAP) MLA Pankaj Pushkar on Friday rebelled against the decision, saying that ‘inflation’ was for everyone.

  • The common man’s macroeconomic worries

    With the Reserve Bank of India (RBI) monetary policy review due on December 1, 2015, the common person has a number of worries regarding the macroeconomic situation. One fervently hopes that these fears do not materialise into an adverse backlash on the common person.

  • Pramod Tiwari

    PM answerable to India, not Queen of Britain: Pramod Tiwari

    New Delhi : Taking a jibe at Prime Minister Narendra Modi, the Congress Party on Thursday said that the former is answerable to the people of India on issues of intolerance, inflation and GST, and not to the Queen of Britain.

  • Subramaniam Swamy

    Swamy targets Jaitley on black money, inflation

    Ahmedabad: BJP leader Subramanian Swamy today targeted Finance Minister Arun Jaitley on black money and inflation, saying the mechanism adopted for repatriating the illegal wealth stashed abroad will not serve the intended purpose. “I have suggested in a letter to the government (about) six steps to bring back the black money stashed abroad. But the way adopted by Finance Minister will not bring back black money,” he said in reply to a question

  • Inflation Down

    Inflation at (-)3.81% in Oct; pulses, onion expensive

    New Delhi: Deflationary pressure eased a bit with inflation rate moving up slightly to (-)3.81 per cent in October as pulses, vegetables and onion turning costlier. This is 12 month in a row when the inflation at wholesale level remained in the negative territory. It has been in the negative zone since November last year.

  • Arun Jaitley

    Jaitley hopes for sustained low rates, inflation under control

    Mumbai: Expecting inflation to remain under control, Finance Minister Arun Jaitley today said he is hopeful that the downward move in interest rates will stay. Speaking at a housing market event here, he said the Reserve Bank has lowered the rates on four occasions this year, which was a positive step for the real estate sector that was earlier adversely impacted by the hardening of rates. The RBI has cumulatively lowered its policy

  • Sensex

    Lame results, inflation trends subdue markets; Sensex down 67 points

    Mumbai: Firming up of food inflation, disappointing quarterly results and weak global cues subdued investor sentiments and led to a barometer index of the Indian equities shedding 67 points or 0.25 percent on Wednesday. Initially, both the Indian bellwether indices were impacted by negative macro data coming out of China. The cascading effect of negative Asian markets soon subdued sentiments here.

  • 250 tonnes of imported onion reach India, prices may cool

    New Delhi: The first tranche of 250 tonnes of onions imported by the government has already arrived while the entire consignment of 2,000 tonnes will arrive by the end of this week, which will help boost domestic supplies and check rising retail prices.

  • Turning focus on plight of depositors

    Governor Raghuram G.Rajan’s announcement on September 29, 2015 reducing the policy repo rate from 7.25 per cent to 6.75 per cent has deservedly received praise from the government, banks, industry, financial analysts and the media. The Reserve Bank of India (RBI) has convincing reasons for its action, but the impact on bank depositors needs consideration.

  • CPI calls protest against Centre’s ‘failure’ to curb inflation

    New Delhi: Charging the BJP-led Centre with being “least bothered” about the condition of common man, the Communist Party of India (CPI) said it will on Monday organise a nationwide protest against NDA’s failure to check inflation and agrarian crisis in the country. “Prices of all essential food items have touched rooftop and the Centre is least bothered about the plight of common man and fixed income groups of people.

  • Bank depositors: An extinct species?

    The late Mr. L.K. Jha, Governor of the Reserve Bank of India (RBI), 45 years ago, enunciated that in a fair system, the endeavour should be to provide the highest possible rate of interest to depositors while providing the lowest possible interest rate to borrowers. How does today’s Indian financial system fare in relation to the Jha Dictum? The Jha Dictum to function would need that players in the financial system should

  • Raghuram-Rajan

    Keeping inflation low is key to growth: Rajan

    Mumbai: Under pressure to cut interest rates to lower cost of capital, RBI Governor Raghuram Rajan today said keeping inflation low is the key task for sustainable economic growth of the country. RBI is scheduled to hold its next monetary policy review meeting on September 29 where Rajan is widely expected to announce this year’s fourth rate cut and expectations for the same have further increased after the US Federal Reserve last night decided on a status quo to its

  • Raghuram Rajan

    Raghuram Rajan completes second year, pressure mounts to cut rates

    Mumbai: As Governor Raghuram Rajan, known for his hawkish approach to inflation, completes tumultuous two years at RBI today, calls for rate cuts have become shriller with the Finance Ministry raising alarm bells over a possible deflation demon gobbling up the economy.

  • raghuram-rajan-

    RBI Governor Raghuram Rajan roots for reforms

    From what the RBI Governor Raghuram Rajan has stated publicly, it appears doubtful if the bank rate would be pared down even a wee-bit when the central bank revisits the monetary policy next month. This will disappoint the industry and commerce. And the share markets, still smarting under the Chinese shocks, will be heart-broken. But the fair-minded will find it hard not to be convinced by the reasoning of the RBI boss.

  • Moody

    Rating upgrade possible if reforms implemented: Moody’s

    New Delhi: Moody’s Investors Service today said it could upgrade India’s rating if the government’s reform agenda is implemented and key macroeconomic indicators like inflation remain under control over the next year.

  • Arun Jaitley

    Economic growth rate expected upto 8% in 2015-16: Jaitley

    New Delhi: Enthused by increase in indirect tax collections, Finance Minster Arun Jaitley today said that the economy is in a revival phase and expected that it will clock a growth rate in excess of 8 per cent in 2015-16. “Our fiscal deficit figures are under control. Inflation is very much under control. We stand by the growth projections which we made at the beginning of the year and indirect taxation data actually

  • …watching monsoon impact on inflation to cut policy rates

    MUMBAI  : Reiterating the Reserve Bank of India’s stance during its Aug 4 monetary policy statement, Governor Raghuram Rajan said the central bank is waiting for developments on the inflation, rainfall and external fronts.