India bonds with Brazils US row India is considering joining as third party in a major trade dispute Brazil launched against the US at the World Trade Organization (WTO) challenging Washingtons mounting trade-distorting farm subsidies in excess of its scheduled trade commitments.
Govts Rs 1,400 cr salve for exporters In a bid to compensate exporters hit adversely by rupee appreciation, the Centre, on Thursday unveiled a Rs 1,400-crore package including increased rates of tax refunds and concessional credit for small and medium enterprises (SMEs) engaged in export activities.
RBI says no view on interest rates Reserve Bank of India Governor Yaga Venugopal Reddy, on Thursday, declined to comment on the central banks interest rate view on the back of easing inflation and softening credit growth.
ITeS-BPO sector clocks 33.5 pc growth The countrys ITeS-BPO sector has clocked a 33.5 per cent export revenue growth during current fiscal, according to National Association of Software & Services Companies (Nasscom).
Markets turn resilient, hit new peaks A slowdown in the industrial production notwithstanding, the stock market on Thursday cruised back to the 15,000 level after adding 181.42 points with help from blue chip stocks that saw hectic purchases by funds.
Reserve Bank of India Governor Y V Reddy flanked by the deputy governors, Rakesh Mohan (Left) and V Leeladhar at the RBI Central Board of Directors’ meeting, in Chennai, on Thursday. PTI
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