India
Royal Monetary Authority of Bhutan: Ann Rep 06-07
2006 saw the signing of an agreement between India and Bhutan, which facilitates the flow of funds and manpower resources from India for the construction of hydropower projects in the kingdom.
India's Reddy warns on debt risks
India's high consolidated public debt to GDP ratio is a major area of vulnerability, said Y.V. Reddy, the governor of the Reserve Bank of India.
India's central bank cuts again
The Reserve Bank of India cut rates by a percentage point for the second time in less than a month and eased deposit requirements for commercial banks in a bid to limit the impact of the financial crisis.
New payments model needed, says RBI
The Reserve Bank of India (RBI) has suggested that a change in its regulatory regime, allowing migration to a new payments model featuring the use of mobile phones and pre-paid cards, could soon be under way.
Reserve Bank of India -Annual Report 2006-2007
Real GDP growth in India accelerated to 9.4% in 2006-07 from 9.0% in 2005-06, boosted by the double digit growth in the services and industrial sectors.
India increases reserve ratio to dampen inflation
The Reserve Bank of India has hiked its cash reserve ratio from 7% to 7.5% in an effort to curb inflation. The revised ratio, which was announced as part of its mid-term review of annual policy for the 2007/08 financial year, will apply from 10 November.
India's Reddy on factors set to hamper growth
Y.V. Reddy, the governor of the Reserve Bank of India, said on Thursday that a skills shortage and inadequate infrastructure will curb India's impressive growth record.
Reserve Bank of India opposes stabilisation fund
Y V Reddy, the governor of the Reserve Bank of India, has stated that "no serious consideration" is being given to setting up a stabilisation or sovereign wealth fund in India.
World Bank to invest $5 billion in bonds for poor
The World Bank will set up a $5 billion fund to invest in bonds denominated in currencies of poor nations.
US asks if it is losing its productivity advantage
Strong labour productivity growth in China and India may force some US firms out of business, but will also benefit the world's largest economy.
King and Reddy to speak on India
Mervyn King, the governor of the Bank of England, and Y.V. Reddy, the governor of the Reserve Bank of India, will discuss the future of the Indian economy in an event at the London School of Economics on 15 October.
India's Reddy discusses monetary policy
Y.V. Reddy, the governor of the Reserve Bank of India, said that the central bank's monetary policy would alter if turmoil in the financial markets threatened the country's economic stability.
RBI profits soar
The Reserve Bank of India (RBI) has recorded growth of 182% in gross total income to Rs 75,348 crore ($18.4 billion) during 2006-07 from Rs 26,320 crore last year on the back of the sale of State Bank of India (SBI) shares.
Norway raises rates to 4.75%
The Central Bank of Norway has increased its key policy rate by 0.25% to 4.75%, despite acknowledging recent market turmoil.
India limits overseas borrowing
In an attempt to stem the rise in the rupee, the Reserve Bank of India said that companies borrowing overseas cannot remit more than $20 million to India in a single financial year.
News analysis: India’s foreign exchange debate
A proposal for the Reserve Bank to part with some of its reserves risks setting a dangerous precedent, writes Narayan Lakshman
Indian cash reserve ratio increase
The Reserve Bank of India, the country's central bank, today left its key interest rates - the repurchase rate and the reverse repurchase rate - unchanged at 7.75% and 6% respectively, but increased the cash reserve ratio.
Geithner: challenges of global integration
Timothy F. Geithner, president of the Federal Reserve Bank of New York, said that there is growing concern in the US about long-term challenges facing the country, such as the perceived shift in the locus of economic growth away from the US toward Asia.
Fund raises 2007 and 2008 growth forecast
The July update of the World Economic Outlook (WEO) published on 25 July by the International Monetary Fund (IMF) increased the Fund forecast for global economic growth for 2007 and 2008 to 5.2%, from 4.9%.
India proposes regulation of moneylenders
A panel set up by the Reserve Bank of India, the country's central bank, has published proposals for legislation which would regulate unauthorised moneylenders. These can charge annual interest rates of up to 150% to farmers and other borrowers.
India mulls sovereign wealth fund
The government of India has decided to set up a "wholesale banking company" - its own version of a sovereign wealth fund - in a separate country with a mature financial system, according to reports in the Indian media.
RBI's Reddy on India's financial sector
YV Reddy, governor of the Reserve Bank of India, said "The critical task before the public policy, in general, and Reserve Bank of India, in particular, is to strengthen the structural factors in the economy but determinedly moderate the cyclical and…
Credit mis-pricing in India creates risks
Mis-pricing of credit risks by domestic bankers can both create systemic vulnerability and have implications for small borrowers, the deputy governor of the Reserve Bank of India, Rakesh Mohan, noted yesterday.
RBI's Mohan on capital account liberalisation
Speaking at a seminar in Paris, Rakesh Mohan, a deputy governor at India's central bank, discussed India's experiences in making monetary policy during capital account liberalisation.