Global rating agency Standard & Poor (S&P), said on Thursday that Surging inflation, fuelled by energy and commodity prices coupled with interest rate hikes by the Reserve Bank of India (RB

New Delhi, June 27: The unabated hike in food and oil prices has accelerated this week’s inflation from 11.05 per cent to 11.42 per cent, which is again a 13-year high.

New Delhi, June 26 : The Cabinet Committee on Economic Affairs today gave its approval for extending grants-in-aid to Indian Pharmaceutical Industry for R and D projects.

Planning Commission deputy chairman Montek Singh Ahluwalia said that despite the soaring oil prices, a growth rate of 9% can be maintained.  He added that the task becomes more difficult because th

New Delhi, June 25: The Finance Ministry today expressed hope that the Reserve Bank of India’s decision of increasing the repo rate by 50 basis points and the CRR by 50 basis points in two stages without compromising economic growth, would help to rein in the surging inflation.

It said in a statement that the steps are expected to regulate demands and are necessary in the face of rising inflation due to relentless increase in crude oil prices.

New DeIhi, June 21: Reserve Bank o