Seeking to mobilize gold held by households and institutions, the government released a draft scheme under which a person or entity can earn interest by depositing the metal with banks.
Seeking to mobilize gold held by households and institutions, the government released a draft scheme under which a person or entity can earn interest by depositing the metal with banks.
Raising concern over central banks globally being pushed into "competitive monetary easing", RBI Governor said lower interest rates and tax incentives can boost investments, but it is consumer demand that holds the key for pushing economic growth.
India's economic growth is projected to surpass that of China's, with the GDP expected to zoom by 7.7% in 2016, according to a UN report which said India will help accelerate economic growth in South Asia.
In a bid to attract more foreign investment, the government is looking at doing away with the mandatory approval of the Reserve Bank of India which currently is needed after an investment proposal has been approved by the FIPB.
Retail inflation based on consumer price index for rural labourers eased to 5.49% in March from 6.19% in previous month.
Raising concern over central banks globally being pushed into "competitive monetary easing", RBI Governor said lower interest rates and tax incentives can boost investments, but it is consumer demand that holds the key for pushing economic growth.
India's economic growth is projected to surpass that of China's, with the GDP expected to zoom by 7.7% in 2016, according to a UN report which said India will help accelerate economic growth in South Asia.
In a bid to attract more foreign investment, the government is looking at doing away with the mandatory approval of the Reserve Bank of India which currently is needed after an investment proposal has been approved by the FIPB.
Retail inflation based on consumer price index for rural labourers eased to 5.49% in March from 6.19% in previous month.
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