current fiscal year

Canada’s deficit down amid sluggish economy


September 1st, 2012 - 1:46 pm ICT by IANS
Ottawa, Sep 1 (IANS) While Canada appears to be on track in reducing its budgetary deficit, global economic uncertainty could stall the government's plan, the federal Finance Department warned.For the ... Read more...

Posted in Business |

Australian capital expenditure goes up


August 30th, 2012 - 1:32 pm ICT by IANS
Sydney, Aug 30 (IANS) The rise in capital expenditure (capex) in the June quarter suggests that the mining boom in Australia will continue for the next few years, economists said ... Read more...

Posted in Business |

US federal government has $69.6 bn deficit


August 11th, 2012 - 12:59 pm ICT by IANS
Washington, Aug 11 (IANS) The US federal government registered a budget deficit of about $69.6 billion in July, bringing the total budget gap for the first 10 months of this ... Read more...

Posted in Business |

US federal deficit narrows


July 13th, 2012 - 1:47 pm ICT by IANS
Washington, July 13 (IANS) The US federal government registered a budget deficit of about $59.7 billion in June, sharply lower than the previous month, the US treasury department reported. The ... Read more...

Posted in Business |

Bangladesh to fund Padma bridge project


July 9th, 2012 - 7:10 pm ICT by IANS
Dhaka, July 9 (IANS) Bangladesh Monday decided to construct a $3 billion bridge over the Padma river with its own funds after the World Bank cancelled its loan to ... Read more...

Posted in South Asia |

Over 400,000 Nepalis leave for jobs overseas


June 12th, 2012 - 2:03 pm ICT by IANS
Kathmandu, June 12 (IANS) More than 400,000 Nepali youths have left the country in 10 months of the current fiscal year in search of jobs, a media report said. The ... Read more...

Posted in Business |

Bangladesh’s trade deficit widens to $7 bn


May 21st, 2012 - 8:29 am ICT by IANS
Dhaka, May 21 (IANS) Bangladesh's trade deficit swelled to 6.59 billion in the first three quarters of the current fiscal year ending next month, a 13.04 percent increase from a ... Read more...

Posted in Business |

Bangladesh discovers 137 mn barrels of oil


May 20th, 2012 - 8:15 pm ICT by IANS
Dhaka, May 20 (IANS) The Bangladesh Oil, Gas and Mineral Corporation - popularly known as Petrobangla - Sunday announced the discovery of 137 million barrels of oil in two old ... Read more...

Posted in Business |

India will grow at 8-10 percent in coming years: Mukherjee


May 4th, 2012 - 9:53 pm ICT by IANS
Manila, May 4 (IANS) Dismissing all talk of policy inertia, Finance Minister Pranab Mukherjee Friday asserted that the government is focussed on recovering the growth momentum in the economy ... Read more...

Posted in Uncategorized |

With reforms under stress, India stares at ratings cut (Roundup)


April 25th, 2012 - 6:30 pm ICT by IANS
New Delhi/Mumbai, April 25 (IANS) In a firm warning that all is not well with the Indian economy, the country's outlook was lowered Wednesday to negative from stable by ... Read more...

Posted in Business |

US budget deficit hits $198 bn in March


April 12th, 2012 - 3:42 am ICT by IANS
Washington, April 12 (IANS) The US federal government has registered a budget deficit of about $198 billion in March, the second largest monthly budget gap in the current fiscal ... Read more...

Posted in Business |

Chinese coal demand to drop in Q2


April 9th, 2012 - 9:31 am ICT by IANS
Beijing, April 9 (IANS) Demand for coal in China will drop during the second quarter of the current fiscal year, an expert said.Supply and demand will continue to be balanced ... Read more...

Posted in Business |

China’s railways carry 453 mn people in Q1


April 9th, 2012 - 3:05 am ICT by IANS
Beijing, April 9 (IANS) China's railways transported some 453 million passengers during the first quarter of the current fiscal year, up 0.7 percent from a year earlier.In addition, the railways ... Read more...

Posted in Business |

Indian economy recovering, time for hard decisions: Mukherjee (Third Lead)


March 16th, 2012 - 2:02 pm ICT by IANS
New Delhi, March 16 (IANS) With an assurance that there were clear signs of an economic recovery in India, Finance Minister Pranab Mukherjee Friday started presenting what was his ... Read more...

Posted in Uncategorized |

Bangladesh receives over $8 bn in remittances


March 4th, 2012 - 9:17 pm ICT by IANS
Dhaka, March 4 (IANS) Bangladesh's remittances surged to over $8 billion in the first eight months of the current fiscal year (July 2011-June 2012), posting 12.15 percent growth year-on-year, a ... Read more...

Posted in Business |

Half million Bangladeshis employed overseas in 2011


February 20th, 2012 - 12:41 pm ICT by IANS
Dhaka, Feb 20 (IANS) Over half a million Bangladeshis found overseas jobs in 2011 as the remittance-reliant country witnessed a boom in overseas employment after two dull years following the ... Read more...

Posted in Business |

Pakistan vehicle sales up


February 11th, 2012 - 10:43 am ICT by IANS
Islamabad, Feb 11 (IANS) Vehicle sales in Pakistan rose by 17 percent to 96,900 units in the first seven months of the current fiscal year compared to 82,767 units in ... Read more...

Posted in South Asia |

Pakistan’s economy to grow at 4 percent: Minister


February 7th, 2012 - 12:40 pm ICT by IANS
Islamabad, Feb 7 (IANS) Pakistan's economy would grow at four percent during the current fiscal year (2011-12), Finance Minister Abdul Hafeez Shaikh has said."Despite challenges, the GDP growth would reach ... Read more...

Posted in Business |

Japan’s Panasonic projects wider loss for current fiscal


February 3rd, 2012 - 3:38 pm ICT by IANS
Tokyo, Feb 3 (IANS) Japan's Panasonic said in its financial results Friday that it expected to see its worst-ever net loss of 780 billion yen (about $10.23 billion) for the ... Read more...

Posted in Business |

Indian economy will grow 7-7.5 percent in 2011-12: PM


February 3rd, 2012 - 2:46 pm ICT by IANS
New Delhi, Feb 3 (IANS) India's economic growth will decline in the range of 7-7.5 percent in the current financial year ending March 31 as compared to 8.4 percent ... Read more...

Posted in Uncategorized |

Sensex rises for fourth straight week; up 495 points (Weekly market review)


January 28th, 2012 - 4:10 pm ICT by IANS
Mumbai, Jan 28 (IANS) A benchmark index for Indian equities markets rallied nearly three percent in this week's trade, closing in the positive for the fourth straight week on ... Read more...

Posted in Business |

Markets rise on CRR cut, Sensex closes tad below 17,000 (Roundup)


January 24th, 2012 - 8:14 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets rose Tuesday with investors cheering an unexpected cut in the cash reserve ratio (CRR) by the Reserve Bank of India. A benchmark ... Read more...

Posted in Business |

Shifting focus to growth, RBI infuses Rs.320 bn into system (Roundup)


January 24th, 2012 - 7:34 pm ICT by IANS
Mumbai, Jan 24 (IANS) Departing from its two-year-old tough monetary policy, India's central bank released Rs.32,000 crore (Rs.320 billion/$6 billion) into the country's banking system to incrrease liquidity in ... Read more...

Posted in Business |

India’s central bank infuses more money into system (Lead)


January 24th, 2012 - 4:50 pm ICT by IANS
Mumbai, Jan 24 (IANS) After keeping money supply under a tight leash for nearly two years to tame galloping inflation, India's central bank Tuesday took steps to infuse more ... Read more...

Posted in Business |

Markets cheer unexpected cut in key rate (Lead)


January 24th, 2012 - 2:41 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets cheered an unexpected cut in the cash reserve ratio (CRR) by the Reserve Bank of India Tuesday as a benchmark index soared ... Read more...

Posted in Business |

Pakistan pursuing prudent economic policies: Gilani


January 20th, 2012 - 12:58 pm ICT by IANS
Islamabad, Jan 20 (IANS) A number of targets in the economic sector have been achieved during the first six months of the current fiscal due to the prudent policies ... Read more...

Posted in South Asia |

Chhattisgarh’s commercial taxes collection up 22 percent


January 17th, 2012 - 1:24 pm ICT by IANS
Raipur, Jan 17 (IANS) Chhattisgarh's commercial taxes revenue collection has risen by 22 percent till December 2011 compared to the corresponding period of the last fiscal, an official statement said ... Read more...

Posted in Uncategorized |

China to spend $158 bn in agriculture, rural development


December 29th, 2011 - 5:24 am ICT by IANS
Beijing, Dec 29 (IANS) China's spending on agriculture and rural development projects will exceed more than one trillion yuan (about $158 billion) in the current fiscal year, a minister said.Zhang ... Read more...

Posted in Business |

Indian economy hit by high inflation, slowing growth (2011 in Retrospect)


December 28th, 2011 - 3:40 pm ICT by IANS
New Delhi, Dec 28 (IANS) Even though India performed better than most emerging economies despite the global economic slowdown and the Eurozone crisis, 2011 for it was largely marked ... Read more...

Posted in Business |

Downturn temporary, India will clock high growth soon: Pranab


December 27th, 2011 - 6:02 pm ICT by IANS
New Delhi, Dec 27 (IANS) The Indian economy would soon be on a higher growth trajectory with inflation moderating and the savings rate going up, Finance Minister Pranab Mukherjee ... Read more...

Posted in Business |

Pakistan overseas remittances up 18 percent


December 14th, 2011 - 4:23 am ICT by IANS
Islamabad, Dec 14 (IANS) Money sent home by Pakistanis working abroad rose by 18.33 percent to $5.24 billion in the first five months of the current fiscal year, compared with ... Read more...

Posted in South Asia |

Chhattisgarh can maintain 11 percent GDP: Raman Singh


December 8th, 2011 - 10:41 am ICT by IANS
Raipur, Dec 8 (IANS) Mineral-rich but insurgency-ridden Chhattisgarh can maintain its high GDP growth rate of 11 percent for years, claims Chief Minister Raman Singh."Despite Maoist insurgency in iron ... Read more...

Posted in Politics |

Pakistan pays Rs.1 trillion in energy subsidies


December 4th, 2011 - 12:50 pm ICT by IANS
Islamabad, Dec 4 (IANS) The largest burden on Pakistan's economy is a payment of Rs.1 trillion for the subsidy and losses of state-run power entities in the last four years, ... Read more...

Posted in South Asia |

Pakistan’s economy improving: Minister


November 20th, 2011 - 1:15 pm ICT by IANS
Islamabad, Nov 20 (IANS) Pakistan's economy has shown better performance during the first four months of the current fiscal year, said Finance Minister Abdul Hafeez Shaikh.Shaikh said Saturday that the ... Read more...

Posted in Uncategorized |

Pakistan’s chemical products export goes up


November 14th, 2011 - 4:04 pm ICT by IANS
Islamabad, Nov 14 (IANS) The export of chemicals and pharmaceutical products of Pakistan surged by 43 percent during first quarter of current fiscal year (July 2011 to June 2012) as ... Read more...

Posted in South Asia |

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