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Shakti Satapathy

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Why Indian bureaucracy is under virtual lockdown

 Recent investigations into the telecom spectrum and coal scams have made bureaucrats very wary of taking decisions The lack of energy inside North Block -- the red sandstone building which houses......

RBI mulls letting firms raise rupee debt offshore

 Offshore rupee debt was likely to attract good demand, particularly due to the improved investor sentiment towards India India is considering allowing companies to raise rupee debt offshore, the......

Rupee falls for 3rd day; foreign fund inflows key

 The Indian rupee weakened for a third consecutive session on Wednesday, falling below the 61 to the dollar mark for the first time in more than a month, hurt by good demand for the greenback from......

Inflation worry led RBI to hike rates: Experts

 It is now possible to contemplate easing exceptional cash tightening measures in a calibrated manner, the Reserve Bank of India said in its policy review on Friday. In his first monetary policy......

RBI to hold rates steady, growth seen rising to 7.3% in Sept quarter

 The Reserve Bank of India (RBI) is expected to hold its policy interest rate at 6.75 per cent next week to stifle inflation, while data is seen showing economic growth accelerated to 7.3 per cent......

'No rate cuts likely this calendar year'

 India's central bank kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices. The......

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