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Government faces potential clashes with RBI over who decides rates
Published on Friday, March 6, 2015 6:29 AM

By Neha Dasgupta and Manoj Kumar

MUMBAI/NEW DELHI  - Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India's government and central bank remain at odds over how crucial decisions are made.

Both sides support the setting up of a Mon ...

Government faces potential clashes with RBI over who decides rates
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Factbox - How a monetary policy committee in India could look
Published on Friday, March 6, 2015 10:54 AM

MUMBAI  - India's government and central bank are set to consider proposals for the formation of a monetary policy committee that would take key decisions like interest rate changes, but have raised concerns over the central bank's independence.

There are two competing proposals to establish a mo ...

Factbox - How a monetary policy committee in India could look
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RBI eases bank loan rules for low-cost housing
Published on Friday, March 6, 2015 10:49 AM

MUMBAI  - The Reserve Bank of India (RBI) has allowed lenders to add the cost of registration and stamp duty in the total cost of a house valued at not more than 1 million rupees for determining the maximum loan the property can get, in a move aimed at boosting availability of affordable housing.

"I ...

RBI eases bank loan rules for low-cost housing
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Markets to take opening cues from U.S. payrolls data; seen ranged
Published on Friday, March 6, 2015 10:31 AM

MUMBAI  - Markets to take opening cues from U.S. non-farm payrolls data due on Friday.

Financial markets will remain closed on Friday for a local holiday, with trading to resume on Monday.

The partially convertible rupee is seen moving in a 61.90 to 62.50 per dollar range next week.
...

Markets to take opening cues from U.S. payrolls data; seen ranged
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Panel recommends waiving late-stage trials for some drugs
Published on Friday, March 6, 2015 10:28 AM

MUMBAI  - A panel of advisors to the government has recommended that late-stage clinical trials be waived under certain conditions for some new drugs already being sold on international markets.

Indian law requires all medicines to be tested in late-stage clinical trials before being approved for sale. T ...

Panel recommends waiving late-stage trials for some drugs
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Inflation targeting 'credit positive' for India - Moody's
Published on Thursday, March 5, 2015 4:32 PM

In a major boost to India's sovereign outlook, Moody's today said the new 'inflation targeting' mechanism is a "credit positive" move and it would make RBI's monetary policy tools much more effective, said the media report. Under the new 'inflation targeting' mechanism, the government has mandated RBI to ...

Inflation targeting 'credit positive' for India - Moody's
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Sensex edges up; consumer and healthcare stocks rise
Published on Friday, March 6, 2015 4:41 AM

MUMBAI - The BSE Sensex and Nifty edged up on Thursday in a volatile session as consumer and healthcare stocks such as Sun Pharmaceutical Industries rose with investors favouring defensive bets, though losses in telecoms and banks capped gains.

Shares fell short of record highs hit on Wednesday. The Nifty gai ...

Sensex edges up; consumer and healthcare stocks rise
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Brent sticks above $60; Iran news offsets bearish US stockpiles
Published on Thursday, March 5, 2015 9:18 AM

By Florence Tan

SINGAPORE  - Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear programme.

Tehran's ambassador to the International Atomic Energ ...

Brent sticks above $60; Iran news offsets bearish US        stockpiles
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RBI worried over postponement of fiscal deficit target
Published on Thursday, March 5, 2015 2:41 PM

The RBI has flagged concerns over the government's decision to postpone fiscal consolidation programme by a year, saying this could create demand management problems in an accelerating economy, said the media report. In his budget speech on Saturday, finance minister Arun Jaitley opted for a fiscal deficit of 3.9 per cent in 2015-16 as ag ...

RBI worried over postponement of fiscal deficit target
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