TaxTMI 
TaxTMI 
Increase in Interest Rates
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....ncrease in Interest Rates <br>News and Press Release<br>Dated:- 2-12-2011<br><BR>Press Information Bureau Government of India Ministry of Finance 02-December-2011 18:5 IST As per the Index of Indu....
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....strial Production (IIP) released by the CSO, the industrial growth has moderated to 5.0 percent in 2011-12 (April-September) as compared to 8.8 percent in corresponding period of the previous year. Th....
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....e moderation in the industrial production can be partly attributed to increase in the interest rate. The Reserve Bank of India (RBI) has been increasing policy rate as a part of monetary policy stanc....
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....e since March 2010 to contain inflation and inflationary expectations. In the forward guidance of the Second Quarter Review of Monetary Policy 2011-12, RBI has reported that notwithstanding current ra....
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....tes of inflation persisting till November, the likelihood of a rate action in the December mid-quarter review is relatively low. Beyond that, if the inflation trajectory conforms to projections, furth....
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....er rate hikes may not be warranted. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today. DSM/ Hb<BR> ....
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....News - Press release - PIB....