13/10/2012 10:46 AST

Expressing disappointment over slow growth of the industrial production, India Inc today asked the Reserve Bank to cut interest rate at which the central bank lends to banks to help boost investments.

"The IIP figures are disappointing. What is of serious concern is the sharp drop in electricity production even as the manufacturing sector continues to stagnate due to faltering investments," CII Director General Chandrajit Banerjee said in a statement.

He said that while the recently announced reform measures have revived business confidence to some extent, "what is required now is a commensurate action from the RBI with a cut in repo rate. This has become a necessity now to kick start the investment cycle".

For more on this Click Here


The Economic Times

Ticker Price Volume
ARABIANMILLS 59.20 625,755
NAYIFAT 13.94 229,739
ABC 0.35 370,000
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
ABOB 0.15 0
DIC 2.07 2,049,713
Index Closing Change
NIKKEI 225 36,581.76 -251.51 (-0.68%)
DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)
The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

14/09/2024

Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.

A week's

AFP

Global markets down on trade war worries

05/04/2018

Stock markets recoiled on Wednesday as China retaliated in an escalating trade war with the United States, leaving investors reluctant to take positions in anything but the safest of assets.

The Gulf Today

Egypt to meet investors this week ahead of euro-denominated bond

04/04/2018

Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed on Tuesday.

Gulf News

Foreign investment in France hit 10-year high last year

04/04/2018

Foreign investment in France rose 16 per cent in 2017 to levels not seen for a decade as President Emmanuel Macron's (pictured) bid to attract money from abroad gains pace, a government report said o

Oman Daily Observer

Japan's economy a tricky one to understand

03/04/2018

Explaining Japan's economy to foreign audiences is hard.
One big reason for this is that explaining something as large and complex as a $5 trillion economy is an inherently difficult task - the

The National