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Oil price approaches six-year low

World oil prices tumbled close to six-year low this week, as record-high US crude inventories deepened worries over the global supply glut. In another blow, official data showed that the US economy slowed sharply in the fourth quarter of 2014, sparking fears over demand in the United States, which i...


GDP revised upward to 6.9 % with change in base year

A change in base year for computing national accounts pushed up the economic growth rate for 2013-14 to 6.9 per cent. Earlier the government estimate growth rate was 4.7 percent on the basis of old series. Releasing the data Secretary of Statistics and programme implementation T.C.A. Anant said tha...


RBI constitutes high level panel on urban cooperative banks

RBI has constituted a High Powered Committee under the Chairmanship of Deputy Governor R Gandhi to re-examine and recommend appropriate set of businesses, size, conversion and licensing terms for the Urban Cooperative Banking Sector.The committee will examine the line of businesses that UC...


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"Mann Ki Baat-Part IV"
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27th Jan 2015

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