Published on 31 Oct 2007 in: Economy & Policy
India needs huge investments from abroad to develop and be a part of the global economy, but these need to be regulated. In order to grow we need vast amounts of capital. In the long run, I believe, India gains in globalisation, says Finance Minister P. Chidambaram
Published on 31 Oct 2007 in: Economy & Policy
While inaugurating the three-day conference of the ‘Fortune Global Forum’ in New Delhi , Indian PM Dr Manmohan Singh said said that”The elephant (India) which has long been commented upon as being slow and sleepy, is not just wide awake but moving forward rapidly. So rapidly that it has become imperative for the global community to notice and acknowledge its emergence on the global stage as an economy that counts.”
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Published on 30 Oct 2007 in: Company & Markets| Economy & Policy
The UK pound has hit its highest level against the US dollar in 26 years. The pound rose as high as $2.0684 against US dollar, the highest since May 29, 1981 .It also gained versus the euro.
Published on 30 Oct 2007 in: Economy & Policy
Cash Reserve Ratio (CRR) is the amount of money commercial banks necessarily park with Reserve Bank of India’s (RBI). Increasing the CRR rate means banks are left with less money to lend.