Finance Blog - Everything one needs to know

The central bank is clearly now in the driver’s seat in the government’s fight against inflation. Calling it the first line of defence to douse scorching inflation, the government said the Reserve Bank of India would take monetary steps to counter inflation and address inflationary expectations.
RBI governor Y V Reddy met Prime Minister Manmohan Singh […]

Bombay Stock Exchange Sensex closed at 14994.83 points on Wednesday, up 161 points or 1.09 percent over the previous day close.
The traded value at the end of the day stood at 420 million U.S. dollars. Read more
Courtesy: news.xinhuanet.com

The rupee dropped to its lowest level in five months on Monday as a sell-off in the stock markets heightened fears of capital outflows, while January trade data showed the deficit more than tripling from a year ago.
The partially convertible rupee ended at 40.39/40, its lowest finish since Sept. 18, and down 1 percent from […]

The following is the Budget Speech of Finance Minister P Chidambaram, as he announced the Budget proposals for the year 2008-09 in Lok Sabha on Friday, February 29, 2008:

Mr. Speaker, Sir
I rise to present the Budget for 2008-09. This House and the United Progressive Alliance Government have bestowed upon me the honour of presenting all […]

The cash surplus before dividend has been estimated at Rs 25,065 crore for 2007-08, against Rs 20,000 crore in 2006-07.
Riding on robust performance in the current financial year, Indian Railways are set to create a new record with a cash surplus-before-dividend of Rs 25,065 crore in 2007-08.
While cash surplus of the railways stood at Rs […]

Budget process is a massive exercise. The exercise has different stages and each stage kicks off at a different stage of Budget making process.
The two sides of Budget
Like our family budget, the General Budget has two major parts: Revenue and Expenditure. Assessing the revenues from different Central Taxes is the primary function of the Department […]

Led by oil and gas, metal and realty stocks, the domestic stock market witnessed another sharp fall on Thursday. The BSE 30-share Sensex nosedived by 612.56 points or 3.38 per cent to close at 17526.93, while the National Stock Exchange 50-share Nifty lost 189.30 points at 5133.25. Read more
Courtesy: www.hindu.com