| Basel III capital norms not to hit Indian banks: RBI |
| The Reserve Bank of India (RBI) chief said on Tuesday he did not see higher capital requirements for Basel 3 norms hitting banks significantly. |
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| Need set of rules on foodgrain release: Basu |
| Chief Economic Advisor Kaushik Basu in a paper on foodgrain management has argued that a set of rules are needed for automatic release of foodgrains to the poor, reports CNBC TV18\'s Siddharth Zarabi.
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| SC should not get into realm of policy formulation: PM |
| Recently, the Supreme Court directed the UPA government to figure out a strategy to give away excess food grains to poor families. |
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| PM won\'t retire, wants younger Cabinet |
| Prime Minister Manmohan Singh is likely to reshuffle his Cabinet before the winter session of Parliament. He told the editors of major newspapers at a breakfast meeting in New Delhi on Monday that he \"would like to reduce the average age of his Cabinet\". |
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| Oil Min to decide on CairnVedanta deal in 46 weeks |
| Oil Minister, Murli Deora stated that he had received a letter from UK\'s Cairn seeking an approval for the Vedanta deal. Deora, reportedly, will decide on the CairnVedanta Deal in the next four six weeks.
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| Indian sugar supply may touch 2728MT this yr: Barclays Cap |
| With the weather turning out to be favorable in India Sudakshina Unnikrishnan of Barclays Capital says that the supply here may even touch 2728 million tonne this year. \"This would mark IndiaÂ’s comeback to the export market and that too at a much smoother level than could be expected.\" |
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| Govt to continue focusing on inclusion, access in 12th plan |
| Sudha Pillai, member secretary of the Planning Commission has said that the 12th Plan will continue to focus on government services, right to education and food security, reports CNBCTV18.
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| Govt to allow 55lakh bale cotton export from Oct 1 |
| The Government will allow unrestricted export of 55 lakh bales of cotton from October 1 as export duty will be lifted, reports CNBCTV18. There is meeting on 15 November to review decision on cotton exports on 15 November.
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| Why was there an error in stating Q1 GDP? |
| The error in stating the first quarter GDP numbers has raised a number of questions on the quality of Indian statistics. In an interview with CNBCTV18Â’s Latha Venkatesh, the Director General of the Central Statistical Organisation, SK Das spoke about how the error in using the deflator to calculate GDP at market price occurred. |
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| Capital flows must be managed: Subbarao |
| India should move toward capital account convertibility on a calibrated basis, Duvvuri Subbarao, governor of the Reserve Bank of India (RBI), said on Friday. |
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| FY11 tax collection may top budget estimate |
| India\'s tax collections could beat budget estimates of 7.46 trillion rupees (USD 160 billion) in the fiscal year to endMarch 2011, Revenue Secretary Sunil Mitra said on Friday.
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| Corp tax rates may be reduced if eco warrants it: Rev Secy |
| Corporate Tax Rates can be reduced if the economy warrants it. That\'s the word coming in from Revenue Secretary Sunil Mitra. |
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| Food and fuel inflation accelerates |
| India\'s food and fuel inflation accelerated in the third week of August, maintaining pressure on the Reserve Bank of India (RBI) to tighten monetary policy. |
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| DTC: Taxing on banks or banking on tax? |
| The Direct Taxes Code Bill, 2010 (‘DTC Bill 2010’) was tabled before the Parliament on 30 August 2010. It is proposed that the Incometax Act, 1961 will now be replaced from 1 April 2012 and not 1 April 2011. The key provisions of the DTC Bill 2010 impacting the foreign banks are discussed below: |
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| Services PMI dips again in August but still robust |
| Growth in India\'s service sector slowed for a second month in August after hitting a twoyear peak in June, but businesses were more optimistic about the outlook, a survey showed on Friday. |
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