Eye-watering onion prices set inflation rate soaring; the rupee also slid to new low before stabilizing. Reversing its bad run, the sensex at the end of the year surged to new highs buoyed by the BJP‘s performance in recent state polls. Meanwhile, the appointment of Raghuram Rajan as RBI governor led to high expectations; he, however, has warned he does not have a magic wand to curb inflationary pressure. stabilize the rupee and at the same time spark a revival in economic growth.
Related Articles
Army chief opposes PM’s trip to Pak
NEW DELHI (TIP): Any hope Pakistan may have nurtured that a visit by Prime Minister Manmohan Singh could open the door for a “deal” on Siachen has been dashed, with Army chief Gen Bikram Singh […]
USIBC 40th Annual Leadership Summit
WASHINGTON (TIP): Vice President Joe Biden, Secretary of State John Kerry, India‘s Minister of External Affairs Sushma Swaraj, and other high-ranking officials from both governments, along with captains of industry from both countries, will address […]
Be the first to comment