The trend is due to increased demand in infra-related activities
Tag: market
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RBI working paper moots new banking structure
The Reserve Bank of India (RBI) released a discussion paper on the proposed structure of banking system in India. The paper calls for abandoning the present two-tier banking structure in favour of a four-tier banking structure, which would usher in more competition, and resilience in the
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Rupee weakness puts upward pressure on interest rates
Interest rate in India is rising on the back of the steep decline in the value of rupee against the dollar in recent months. Experts feel that the depreciating rupee raises domestic interest rate through three ways. First, in order to discourage speculation in the currency market, Reserve Bank of India (RBI) tightens liquidity and raises shor
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Finished steel consumption inches up 0.2%
During Apr-Jul 2013, consumption of finished steel in India rose just 0.2 per cent to 24.1 million tonne (mn t) on year-on-year basis. During the same period, steel output grew 3.1 per cent to 26.1 mn t, from 25.3 mn t during the year-ago period. The muted growth in steel consumption is attributed to poor off-take by large sectors like construction and auto
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Govt mulls overseas debt issuance by PSUs
The Indian government is mulling various steps to prevent further depreciation of rupee against the dollar. One of the steps considered by the government is to ask financially strong state-run companies to raise debt from overseas investors. According to one estimate, state-run companies could raise $25-30 billion of capital through issue of bond
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Natural gas price hike to make CNG, urea costly
CNG (compressed natural gas) price would rise Rs 8.2 to 11.72 per kg in Delhi and Mumbai once the revised natural gas price comes into effect from April 2014, Minister of state for petroleum Panabaaka Lakshmi informed Parliament. CNG costs Rs 41.90 per kg in Delhi, and Rs 35.95/kg in Mumbai. The CNG price would rise by this amount assuming that the city gas distribution entity is operating entirely on dom
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Govt mulls overseas debt issuance by PSUs
The Indian government is mulling various steps to prevent further depreciation of rupee against the dollar. One of the steps considered by the government is to ask financially strong state-run companies to raise debt from overseas investors. According to one estimate, state-run companies could raise $25-30 billion of capital through issue of bond
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RBI to restore stability in currency mkt on priority
In its a macroeconomic report, Reserve Bank of India (RBI) said the priority for monetary policy now is to restore stability in the currency market so that macro-financial conditions remain supportive of growth. RBI said global currency market movements in June-July 2013 prompted a re-calibration of monetary policy. The report, which was released a day before the first quarter monetary policy review of RBI, shows the central bank
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Industry wants govt to focus on issues in port sector
Industry players suggested the government to pay renewed attention to the issues facing port sector in India. Some of the issues facing the sector are lack of clarity on land acquisition policy in an around port area, implementation delays in public private partnership (PPP) projects and faulty tariff structure governing major port
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Industry wants govt to focus on issues in port sector
Industry players suggested the government to pay renewed attention to the issues facing port sector in India. Some of the issues facing the sector are lack of clarity on land acquisition policy in an around port area, implementation delays in public private partnership (PPP) projects and faulty tariff structure governing major port