Palaniappan Chidambaram

Government monitoring crisis 24x7, says Chidambaram

Special Correspondent NEW DELHI: Finance Minister P. Chidambaram on Tuesday assured captains of industry that the government, along with the Reserve Bank of India (RBI), was monitoring the situation “24x7” and would take...

Gloss off Indian economy at top corporate forum (AFP)

by Penny MacRae Penny Macrae – 17 mins ago AFP/File – Speakers discuss at a session of the India Economic Forum in New Delhi on November 16. Twelve months ago, delegates to India's annual economic jamboree in New Delhi were...

Chidambaram advises India Inc. to slash prices

NEW DELHI: Finance Minister P. Chidambaram on Tuesday advised various sections of the industry to reduce prices to induce consumer demand even as he assured India Inc. that the government was alive to their problems in the wake...

Industry says ‘no’ to FM’s plea to cut prices

Special Correspondent NEW DELHI: Ruling out the proposition of any kind of price cut in the near future in response to Union Finance Minister P. Chidambaram’s plea, individual companies, including auto markers and real estate...

Centre working on fresh stimulus package

Move to help sectors to tide over the slowdown ‘Play of demand and supply’ of funds: Kamath NEW DELHI: The Central Government is working on a fresh stimulus package in tandem with the Reserve Bank of India (RBI) to help various...

Indian rupee falls to 3-week low

The Indian rupee slid 0.6 per cent to its lowest in three weeks on Tuesday as foreign portfolio outflow worries gathered momentum after the stock market extended a slide into a fifth session in a row.

Budget likely in early February

To aim at sustaining standard of living in view of economic slowdown T.M. Thomas Isaac held pre-budget talks with traders and businessmen on Tuesday. THIRUVANANTHAPURAM: Finance Minister T.M. Thomas Isaac said here on Tuesday...

Gloom over Citigroup job cuts spreads; Sensex sheds 353

Our Bureau Mumbai, Nov. 18 The gloom that swept across global markets following Citigroup’s announcement it would axe 50,000 employees took India in its sweep too, sending the benchmark indices plunging four per cent. The...

G20 replaces G8 as leading economic forum: Indian official

NEW DELHI, Nov. 18 (Xinhua) -- G20 replaced G8 as the most important global forum on economic issues, Indian finance chief Palaniappan Chidambaram said on Tuesday at the World Economic Forum's 24th Indian Economic Summit. The...

DLF seeks lower interest rates, defers projects

New Delhi, Nov 18 (IANS) Hit by liquidity crunch, India's leading real estate firm DLF Ltd has deferred some projects and urged the government to slash interest rates by three percent to stimulate growth, a top official said...

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