Steps to address issue of rising bad loans likely in Budget

The Finance Ministry is probable to proclaim steps to contract with increasing bad loan circumstances in the financial plan to be obtainable sometime near the beginning next month.
"NPA is a matter of concern. We are discussing it. The government is likely to make announcements on NPA condition in the upcoming budget," a senior Finance Ministry bureaucrat said.

Sensex rises 467 points ahead of RBI policy review

The Sensex on Monday closed 467 points superior on burly FII inflows on hopefulness that the BJP government would bear out much needed reforms to boost financial enlargement.
The market will trail the first financial policy statement by RBI governor Raghuram Rajan on Tuesday since the BJP-led Narendra Modi government implicit accuse.

Why RBI should continue fighting inflation under new govt

A fortnight ago, two big developments took place. The new BJP-led government under Prime Minister Narendra Modi took accuse at the Centre and the GDP in the fourth district (Jan-March) of 2013/14 plunged to yet one more low of 4.6 per cent.

GDP enlargement now stands at 4.7 per cent for the whole economic year 2013/14, which is a tad above  the 4.5 per cent  achieved in 2012/13. Thus this is the second year in a line that the GDP expansion has been under five per cent, which actually calls for vital exploit on the attention rates' front to urge increase.  

Arun Jaitley underlines need to contain inflation, boost growth

New Delhi: Attributing the present monetary woes to a "decade of jobless growth", Finance Minister Arun Jaitley Sunday underlined the need to hold price rise and rush financial reforms to increase low-cost developed.

"Reviving the expansion impetus, containing price rises and varying the prototype of enlargement to profitable employment is today an superseding main concern," he said in his Facebook post summing up his one week in office.

RBI governor Raghuram Rajan meets Narendra Modi

New Delhi: Ahead of financial policy evaluation on Tuesday, Reserve Bank Governor Raghuram Rajan Sunday called on Prime Minister Narendra  Modi and is probable to have discussed the macro-economic circumstances and issues connected to value increase.

The RBI's bi-monthly strategy evaluation on June 3 will be the first after Prime Minister Narendra Modi unspoken office on May 26.