Business India

Raghuram Rajan,RBI Governor: Inflation restricts RBI’s ability to propel economic growth

Reserve Bank of India Governor Raghuram Rajan said the challenge of containing inflation is limiting the central bank’s ability to boost economic growth, while urging the government to continue with fiscal consolidation to support the economy.The comments were included in the foreword of the central bank’s financial stability report published on Monday, which comes after […]

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India terminates Rs 3,727 crores VVIP chopper deal cancelled with AgustaWestland of UK

Yesterday, India terminated a controversial chopper deal worth Rs. 3,727-crore contract with AgustaWestland to supply 12 VVIP helicopters to the Indian Air Force, invoking the integrity pact to scrap the deal in which the UK-based firm allegedly paid middlemen more than Rs. 375 crore in bribes. A source said defence minister AK Antony met Prime […]