Indian central bank cuts interest rates for the second time this year March 4, 2015 The central bank in Asia's third largest economy surprised investors last night, by cutting its policy repo rate from 7.75 per cent to 7.5 per cent, the second time it's made such a cut this year. The Reserve Bank of India (RBI) said a weaker economy had pushed it to make the cut outside its [...]
India primes economy as Narendra Modi’s government lays out pro-growth budget March 1, 2015 Business gave a cautious welcome to the Indian government’s landmark budget yesterday, highlighting its bid to unify the country’s fragmented markets and boost growth through tax cuts and infrastructure investment. “It delivered on all counts. The Prime Minister set out a vision and the budget lays it out as a roadmap,” Karan Chanana told City [...]
India rising: The re-awakening of this sleeping giant is the best news of 2015 March 1, 2015 “The Indian economy is a super giant, which moves slowly but surely.” – Arun Jaitley, Indian finance minister. After starting the year perpetually commenting on the gloomy tidings of the Greek crisis, Isis, and Putin, it is with palpable relief that I turn to what remains the single most positive international development of recent months [...]