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India budget plans to inject $1.3bn into state banks in FY16 NEW DELHI: India plans to infuse 79.4 billion rupees ($1.29 billion) of capital into state-owned lenders during the fiscal year to March 2016, the annual budget showed on Saturday.Copyright Reuters, 2015 ...

India budget sets net receipts at 200 bln rupees for FY2015/16 MUMBAI: The Indian government set aside 200 billion rupees ($3.24 billion) in net receipts under the market stabilisation scheme (MSS) in the fiscal 2015/16 year, according to the budget documents.Under the MSS, the Reserve Bank of India sells government bonds to absorb excess liquidity from the banking system.Copyright AFP (Agence France-Presse), 2015 ...
India's Jaitley goes for growth, slower fiscal deficit cuts NEW DELHI: India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit.Jaitley, delivering his first full-year budget since Prime Minister Narendra Modi's landslide election victory last May, said growth would accelerate to between 8 and 8.5 percent in the fiscal year starting in April."India is about to take off," ...
India finmin announces plan for 'ultra mega' power projects NEW DELHI: India's Finance Minister Arun Jaitley has proposed building five "ultra mega" power projects of 4,000 megawatts each, when presenting the government's full-year budget on Saturday.Copyright Reuters, 2015 ...
India to develop a sovereign gold bond NEW DELHI: India plans to develop a sovereign gold bond, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.Copyright Reuters, 2015 ...
India Finance Minister allocates 331.5bn rupees for health sector NEW DELHI: India will allocate 331.5 billion Indian rupees ($5.38 billion) to the country's health sector, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.Copyright Reuters, 2015 ...
India to spend $40bn on defence in 2015/16 NEW DELHI: India plans to spend 2.46 trillion rupees ($40 billion) on the defence sector in 2015/16, Finance Minister Arun Jaitley said on Saturday, when presenting the government's full-year budget.Copyright Reuters, 2015 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln