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707 ArticlesEconomy

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RBI cuts rates by 0.5%

RBI has cut interest rates by 0.5%. The repo rate is now 5% and reverse repo at 3.5%. The 10 year bond yield had spiked back to 6.46% after a few days of ...

Hail the Pension Policy for Making Rating Agencies Irrelevant

PFRDA has released the Investment Regulations for the New Pension Scheme for the informal sector (Sorry for the google link, the original link doesn’t ...

Feb 18 2009: Inflation at 3.92%

Inflation data is out. It’s now at 3.92%, a 1.5 year low. The all-time low is 3.07% on 13 October 2007. But look at the slope at that time – there ...

Gold touches $950 an ounce, Rs. 15,000 crossed

Gold prices touched 15,000 rupees in India for 10 grams and $950 abroad (for an ounce). GoldBEES, a Gold ETF I own, traded at 1500 on the NSE. This is a ...

LIC's Jeevan Aastha gets 8000 cr.

Despite the real return being between 4% and 7%, guaranteed by LIC, people seem to be enamoured by LIC’s Jeevan Aastha. Despite the turmoil in the ...

Roubini predicts a bleak 2009

Roubini: 2009 will be very very bleak: So how far are we into this recession that has already lasted longer than the previous two (the 1990 and 2001 recessions ...

India makes dollars and loses rupees

The RBI weekly supplement for the week ended 26 Dec 08 shows that the forex reserves of the country is 254 billion dollars, up $3.6 billion from last week. And ...

Inflation at 6.61%, going lower

Inflation has now reached 6.61% for the week ended Dec 6. It is likely to go lower, from reduced petrol prices, interest rate cuts and drop in global crude ...

IIP Data: Drops by 0.4% in October

The Index of Industrial Production is at 261.5 today, a drop of 0.4%, for the first time in a very long time. Here’s what it looks like: The bottom bars ...

YASP: Yet Another Stimulus Package

Kamal Nath says there’s going to be another stimulus package next week. The second stimulus package, Nath said, would be aimed at generating employment ...