Says room for policy action, but warns of persistent inflation risks. The Reserve Bank of India (RBI) on Monday said weakening economic growth prospects would provide "some space for the monetary

The Reserve Bank of India (RBI) on Monday said the sharp decline in food inflation was due to a seasonal fall in vegetable prices and a high base effect and hence, may be short-lived. "But for the

The Reserve Bank of India (RBI) said the growth outlook and business climate have weakened but also warned of upward risks to inflation, a day before it is widely expected to keep policy interest

There are weeks when it can sound as if the European sovereign debt crisis is going round in circles. Barbed exchanges between Italian Prime Minister Mario Monti and German Chancellor Angela Merkel

Private creditors said on Sunday they had come to the limits of what losses they could concede in a Greek debt swap, putting the ball in the court of the EU and the IMF in a tense race against the

Croatia voted on Sunday to join the European Union next year, shrugging off concerns over the economic turmoil in the bloc and fears that membership will compromise its hard-won sovereignty. Provided

Economists want Budget to focus on infrastructure, have a clear strategy on disinvestment and state measures to boost investment climate. Power and social sectors should also be among the major focus

Asian stocks are rallying on what may prove a pipe dream. Investors expect weakening exports and receding global credit to make for tough going in the first half, but are betting governments will

Whether the market continues to add to the spectacular gains since the New Year would largely depend upon the Reserve Bank of India's third-quarter monetary policy review and the Federal Open Market

Petrapole (West Bengal): Finance Minister Pranab Mukherjee on Saturday said that trade relation with Bangladesh is improving and India will take steps to correct the imbalance. "The overall