India well insulated from US financial crisis, no cause for alarm: Chidambaram In the wake of fall of Wall Street giants like Lehman Brothers and Merrill Lynch, India's Finance Minister P. Chidambaram has assured Indian investors that the domestic market fundamentals are quite strong and it is unlikely to face the negative effects of the financial sector collapse in the US. 19 Sep 2008
Double Whammy: RBI's move set to hit India Inc., consumers The sudden hike in key interest rate and commercial banks' mandatory reserve requirements by 50 basis points (bps) by the central bank of India has unnerved both corporate leaders and consumers. 26 Jun 2008
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Jeddah Summit: Saudi Arabia promises to increase oil output; India urges "price band mechanism" The Jeddah Summit attended by 35 countries (including OPEC members), seven international organizations and 25 oil companies, concluded on a bittersweet note on Sunday with world's largest oil producer Saudi Arabia promising to increase oil output by 200,000 barrels per day (bpd) in the month of July, which some nations say is still not enough. 23 Jun 2008
Friday the 13th Horror: Inflation rate surges to 7-year high of 8.75 percent India's wholesale price index (WPI)-based inflation rate surged to a 7-year high figure of 8.75 percent in the 12 months to May 31, higher than previous week's figure of 8.24 percent, sparking concerns that the central bank may move to tighten monetary policy. 13 Jun 2008
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FinMin, BJP spar over inflation issue In the wake of annual inflation rate touching a near 4-year high of 8.24 percent in the 12 months to May 24, the Congress-led United Progressive Alliance (UPA) Government at the center and opposition Bharatiya Janata Party (BJP) have begun a war of words, accusing each other of engaging in deception and misleading the public. 07 Jun 2008
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Annual inflation rate in India edges towards 8 percent; FinMin "concerned" India's wholesale price index (WPI)-based inflation rate has risen to 7.83 percent in the 12 months to May 3, marginally higher than previous week's annual rise of 7.61 percent, even as India's Finance Minister continues to reassure the people that price rise will moderate in a few weeks. 17 May 2008
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Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon India's Finance Minister P. Chidambaram has assured that inflation is under control, Friday, even as government data showed that the nation's wholesale price index (WPI)-based annual inflation rate has risen to a new 42 months high of 7.61 percent in the 12 months ending April 26, 2008. 10 May 2008
