India's finance minister calls for lower interest rates
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India's finance minister has called on banks to lower interest rates to keep Asia's third-largest economy expanding strongly amid fears aggressive monetary tightening could slow growth.
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India's finance minister says poverty is fast declining in the country and could be "wiped out" by 2040.
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Indian Prime Minister Manmohan Singh urged the country's software industry to raise its level of performance despite achieving an average annual growth rate of more than 30 percent since 2002.
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India must cut its trade deficit with China, Prime Minister Manmohan Singh says on a visit to Beijing.
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India's central bank seeks to further cool inflation by raising the level of funds lenders must keep in reserve.
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The British Chambers of Commerce calls for an interest rate cut, amid signs of an economic slowdown in the UK.
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India's health minister lamented on Thursday the country's high infant mortality rate at a time of economic prosperity, pledging to halve the number of baby deaths by 2010.
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The government named Reserve Bank of India deputy governor Rakesh Mohan as the country's new finance secretary, an official statement said on Tuesday.
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Indian Prime Minister Manmohan Singh has asked policymakers to come up with a detailed national plan by November to tackle the effects of global warming, his office said Saturday.
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SRINAGAR: Indian Prime Minister Manmohan Singh said yesterday the government would raise $5.3 billion from international lenders for investments in power, roads and telephones in strife-torn Kashmir.
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The International Monetary Fund has warned that rising interest rates in some of the world&#39;s biggest economies may slow global house price growth.
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Business group CBI has called on the government to slow the rate of minimum wage increases.
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India's central bank raises its main interest rate to a near four-year high in an attempt to curb inflation.
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WELLINGTON, New Zealand - New Zealand Finance Minister Michael Cullen seemed to suffer a slip of the tongue in Parliament Wednesday, announcing an interest rate hike by the nation's Reserve Bank a day early.    The Reserve Bank, which is independent of the government, was due to announce a review of its 6 percent benchmark official cash rate Thursday...
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With no major economic crises  brewing, the head of the International Monetary Fund on  Saturday urged world financial leaders to seize the period of  calm as a time to tackle weak spots in their economies.
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Thailandâs central bank cut its benchmark interest rate for the fifth consecutive time this year to spur an economy blighted by slumping consumer confidence after last yearâs coup. The Bank of Thailand reduced its one-day bond repurchase rate to 3.25 percent from 3.5 percent. Lower interest rates may help the baht retreat from a 10-year high against the dollar, making exporters more competitive. âConsumption and investment remain weak,â said Usara Wilaipich, an economist at Standard Chartered Bank in Bangkok. âInflation is not a concern now because a slump in spending has curbed price increases.â
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There are some signs of cyclical overheating in India's economy, but the recent rise in the rupee has dampened inflation, a government economic adviser said on Wednesday.