Indian Economy

CCEA gives approval for continuation of the scheme for integrated textiles park

textiles parkNew Delhi, Mar 7: The Cabinet Committee on Economic Affairs today gave its appr

Centre to release 2615 crore rupees as interest subvention to banks

New Delhi, Mar 7 :GOVERNMENT OF INDIA The Union Cabinet today gave its approval to r

Cabinet gives nod for regional rural bank in Puducherry

Indian BankNew Delhi, Mar 7 : The Union Cabinet today gave its approval to release of half of sha

Punjab Farmers switch to new irrigation techniques

Punjab Farmer's Cultivating SugarcaneAmritsar, March 6, : Scarcity of wa

Kamal Nath calls for increasing Indo-Romanian bilateral trade

Kamal NathNew Delhi, Mar 4 : Union Commerce and Industry Minister Kamal Nath on Tuesday called fo

Scope for reducing interest rates, deficits: Finance Minister

New Delhi, Mar 4: P ChidambaramUnion Finance Minister P Chidambaram today said that there is a scope for reducing interest rates and deficits.

He was speaking at an interactive session on the Union Budget at the National Council meeting of the Confederation of Indian Industry (CII) here today.

Chidambaram however, cautioned that interest rates were the most effective tool to contain inflation and there is a need to have growth with reasonable price stability.

The Finance Minister said that the final authority on reducing interest rates was the Reserve Bank of India.

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