The government of India is biased towards inflation management versus growth, Reserve Bank of India Governor Duvvuri Subbarao told an international conference organised by the bank.Airlines firsts

Country's largest lender State Bank of India (SBI) is "keen" to cut interest rates in order to boost credit expansion, a top bank official said today. "All sentiment is building towards it (an

Crumbling demand from Europe restrained Asia's export-powered economies in January, data released on Wednesday showed, putting pressure on policymakers to shore up domestic growth to counter the drag

State Bank of India, the country's biggest lender, could ease lending rates even before the RBI cuts rates, its Chief Financial Officer Diwakar Gupta said.In Images: Is the much-hyped Aakash tablet a

The finance ministry has developed a new sovereign comparative rating method, which would be a part of this year's Economic Survey. The index, called the “Comparative Rating Index for Sovereigns”

The cut in banks' cash reserve ratio, or CRR, last Tuesday should give Indian industry and the financial markets reason to cheer. The cut came despite both a somewhat uncomfortable print for core

The Quick Estimates of India's economic growth, released by the Ministry of Statistics and Programme Implementation on Tuesday, have revised the GDP growth figure for 2010-11 downwards slightly, to

The government is on a spree of revising macro-economic numbers. This financial year, it had first revised the wholesale price-based index and then the index of industrial production. Today, it

With two kore months in this financial year, the Centre's fiscal deficit has already touched 92 per cent of the Budget estimate. The deficit, the gap between the government's expenditure and revenue,

India's fiscal deficit during April to December was 3.81 trillion rupees, or 92.3 percent of the full-year target, government data showed on Tuesday. During the same period in the last fiscal year,