Kaushik Basu named World Bank chief economist
September 6th, 2012 - 12:24 pm ICT by IANS
Washington, Sep 6 (IANS) Kaushik Basu, who till recently served as chief economic adviser in the Indian finance ministry, has been appointed as new chief economist and senior vice president ... Read more...
Posted in Business |
Raghuram Rajan takes over as Chief Economic Advisor
August 29th, 2012 - 3:55 pm ICT by IANS
New Delhi, Aug 29 (IANS) Raghuram G Rajan, former IMF chief economist, took charge as chief economic adviser (CEA) in the finance ministry Wednesday."I am glad to be here," ... Read more...
Posted in Business |
PM directs steps to revive growth and reverse pessimism (Roundup)
June 27th, 2012 - 11:33 pm ICT by IANS
New Delhi, June 27 (IANS) Prime Minister Manmohan Singh Wednesday asked the policy planning and finance ministry officials to take immediate steps to improve the economy and reverse ... Read more...
Posted in Business |
Fitch cuts India outlook to negative, Pranab responds (Lead)
June 18th, 2012 - 9:46 pm ICT by IANS
New Delhi, June 18 (IANS) Fitch Ratings Monday downgraded India's economic outlook to negative from stable, saying the country's growth outlook could deteriorate if policy-making and governance do not ... Read more...
Posted in Business |
Reforms or populism? UPA must take a call (Comment)
May 26th, 2012 - 1:19 pm ICT by IANS
Considering that the Manmohan Singh government's chief economic adviser Kaushik Basu had ruled out the possibility of major reforms before the next general election, the hike in petrol prices predictably ... Read more...
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PM’s ‘chair’ offered to Cambridge professor
May 20th, 2012 - 4:46 pm ICT by IANS
Chandigarh, May 20 (IANS) There may be many aspirants eagerly wanting to occupy the chair of the country's prime minister but a 'chair' in the name of incumbent Prime ... Read more...
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Francois Hollande: The next president of France
May 7th, 2012 - 3:13 am ICT by IANS
Paris, May 7 (IANS) Socialist Party leader Francois Hollande who defeated incumbent president Nicolas Sarkozy in Sunday's decisive presidential runoff in France, has never held a government post at the ... Read more...
Posted in Politics |
Government will bring economy back on growth path: Ahluwalia
April 20th, 2012 - 7:01 pm ICT by IANS
New Delhi, April 20 (IANS) The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, Friday played down the row over Chief Economic Adviser Kaushik Basu's comment on the slow ... Read more...
Posted in Business |
Flawed policies Myanmar’s biggest setback: Official
March 4th, 2012 - 12:20 am ICT by IANS
Yangon, March 3 (IANS) An economic adviser to Myanmar President Thein Sein has said it is not the lack of resources but "flawed policies that have been our undoing".U Myint ... Read more...
Posted in Politics |
Inflation will come down to 6-7 percent by March: Mukherjee
February 1st, 2012 - 6:13 pm ICT by IANS
New Delhi, Feb 1 (IANS) The overall inflation will be around 6-7 percent by March while economic growth in the current financial year will be around 7 percent, Finance ... Read more...
Posted in Business |
India revises 2010-11 economic growth down to 8.4 percent
January 31st, 2012 - 9:17 pm ICT by IANS
New Delhi, Jan 31 (IANS) The Indian government Tuesday revised economic growth for 2010-11 down to 8.4 percent from the earlier estimate of 8.5 percent.
"The Gross Domestic Product (GDP) ... Read more...
Posted in Business |
India to grow faster in 2012-13: Kaushik Basu
January 31st, 2012 - 6:24 pm ICT by IANS
New Delhi, Jan 31 (IANS) The Indian economy would grow a little over 7 percent this fiscal ending March 31, and it would turn around in 2012-13, the government's Chief ... Read more...
Posted in Uncategorized |
Britain’s retail sales fall in January
January 27th, 2012 - 2:06 pm ICT by IANS
London, Jan 27 (IANS) Britain's retail sales fell in January as shoppers reined in spending, a survey showed.
According to the latest monthly survey report issued Thursday by the Confederation ... Read more...
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Union budget likely to be presented in mid-March: Mukherjee
January 25th, 2012 - 6:38 pm ICT by IANS
New Delhi, Jan 25 (IANS) The union budget for the 2012-13 financial year would be presented around mid-March after the election process for electing five new state assemblies gets ... Read more...
Posted in Uncategorized |
British unemployment to rise to nearly 3 million
December 29th, 2011 - 4:32 am ICT by IANS
London, Dec 29 (IANS) The unemployment numbers in Britain was forecast to rise to 2.85 million by the end of 2012.Britain's total employment is 29.11 million people, of whom ... Read more...
Posted in Business |
Diesel price to go up if inflation comes down: Rangarajan
October 20th, 2011 - 6:38 pm ICT by IANS
New Delhi, Oct 20 (IANS) The government will hike diesel prices once there is a substantial easing in inflationary pressure, the prime minister's top economic adviser C. Rangarajan said Thursday."Diesel ... Read more...
Posted in Business |
Inflation down to 7 percent by March 2012: Rangarajan
October 20th, 2011 - 4:59 pm ICT by IANS
New Delhi, Oct 20 (IANS) Inflation is likely to come down to seven percent by the end of this financial year following a good monsoon and high base effect, ... Read more...
Posted in Uncategorized |
Plan panel’s poverty line not to impact socio-economic census
September 27th, 2011 - 10:51 am ICT by IANS
New Delhi, Sep 27 (IANS) The ongoing enumeration for a socio-economic census in the country will not be affected by the poverty line cut-off spelled out by the Planning Commission, ... Read more...
Posted in Business |
India rejigs manufacturing competitiveness council
September 26th, 2011 - 4:05 pm ICT by IANS
New Delhi, Sep 26 (IANS) The government has reconstituted the National Manufacturing Competitiveness Council which is responsible for formulating policies to boost industry growth under the chairmanship of V. Krishnamurthy.The ... Read more...
Posted in Business |
Top economic voices question US downgrade
August 8th, 2011 - 1:54 pm ICT by IANS
Washington, Aug 8 (IANS) Leading economic experts from Democratic and Republican parties alike have voiced outrage over Standard & Poor's downgrade of the US credit rating but disagreed on ... Read more...
Posted in Business |
Pranab meets industrialists to allay India Inc concerns
August 1st, 2011 - 11:50 pm ICT by IANS
New Delhi, Aug 1 (IANS) To allay concerns of India Inc, Finance Minister Pranab Mukherjee Monday held a marathon meeting with top industrialists, including Ratan Tata, Anil Ambani, Sunil ... Read more...
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Pranab to address US-India economic summit Monday
June 26th, 2011 - 1:07 pm ICT by IANS
New Delhi, June 26 (IANS) Finance Minister Pranab Mukherjee will Monday address senior officials of the US government and top Indian and American businesses at an economic summit in ... Read more...
Posted in Uncategorized |
FDI in multi-brand retail will help curb inflation: Basu
May 27th, 2011 - 6:20 pm ICT by IANS
New Delhi, May 27 (IANS) Kaushik Basu, chief economic adviser to union finance minister, Friday favoured opening up multi-brand retail sector for foreign investment, saying it would reduce price gap ... Read more...
Posted in Business |
India-Ethiopia relations are model for cooperation: Official
March 24th, 2011 - 12:19 am ICT by IANS
New Delhi, March 23 (IANS) The relations between India and Ethiopia are a model for cooperation between countries, a senior Ethiopian official has said.Newai Gebre-ab, economic adviser to the prime ... Read more...
Posted in Uncategorized |
Diesel price deregulation not inevitable: Basu
March 3rd, 2011 - 5:22 pm ICT by IANS
New Delhi, March 3 (IANS) Deregulation in the prices of diesel was not inevitable, chief economic adviser to the finance ministry Kaushik Basu said Thursday, and added that the government ... Read more...
Posted in Business |
Direct taxes are major resource for undertaking development work: Pranab Mukherjee
February 26th, 2011 - 8:20 pm ICT by ANI
New Delhi, Feb 26(ANI): Union Finance Minister Pranab Mukherjee on Saturday said that direct taxes are now the major resource provider to the Central Government for undertaking developmental work.Mukherjee said ... Read more...
Posted in National |
Need to review wholesale, retail price monitoring system: Pranab
February 15th, 2011 - 9:55 pm ICT by IANS
New Delhi, Feb 15 (IANS) Finance Minister Pranab Mukherjee Tuesday emphasised the need to review the present system of monitoring wholesale and retail prices of essential commodities to better gauge the ... Read more...
Posted in Business |
Tepid changes made cabinet reshuffle a non-event (Comment)
January 22nd, 2011 - 11:19 am ICT by IANS
By Amulya Ganguli
Although a cabinet reshuffle usually arouses more hope than what it fulfils, it is still awaited with eager anticipation because of the promise of a new beginning. This ... Read more...
Posted in Politics |
Highlights of measures announced to control prices
January 13th, 2011 - 10:59 pm ICT by IANS
New Delhi, Jan 13 (IANS) The government Thursday announced a slew of measures to control prices of essential commodities. Following are the highlights: -- State-run National Agricultural Cooperative Marketing Federation (NAFED) and ... Read more...
Posted in Business |
WikiLeaks cable reveals Berlusconi’s efforts to avoid Bono tongue-lashing
December 18th, 2010 - 1:58 pm ICT by ANI
London, Dec 18 (ANI): A confidential US diplomatic cable released by WikiLeaks has revealed how Italian Prime Minister Silvio Berlusconi considered increasing foreign aid budget to avoid a 'tongue-lashing' from Irish rock ... Read more...
Posted in World |
`Berlusconi wanted to hike foreign aid to avoid Bono’s anger’
December 18th, 2010 - 12:37 pm ICT by IANS
London, Dec 18 (IANS) Italian Prime Minister Silvio Berlusconi considered increasing the country's foreign aid budget during Italy' 2009 G8 presidency to avoid a "tongue lashing" from Irish rocker Bono, according to ... Read more...
Posted in Business |
Nigeria was in total ‘confusion’ when President was in “semi-comatose state”: Wikileaks
December 9th, 2010 - 3:26 pm ICT by ANI
London, Dec 9(ANI): Nigeria's leadership was in total confusion over who was in charge earlier this year with then-President Umaru Yar'Adua was thought to be in a "semi-comatose state", according to classified ... Read more...
Posted in World |
Obama aide meets PM, allays visa concerns
October 18th, 2010 - 9:06 pm ICT by IANS
New Delhi, Oct 18 (IANS) Ahead of US President Barack Obama's maiden visit to India next month, his economic adviser Lawrence Summers Monday met Prime Minister Manmohan Singh and allayed New ... Read more...
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Austan Goolsbee Appointed As The New Chair Of The Council Of Economic Advisers
September 12th, 2010 - 6:35 pm ICT by GD
By Gina Gomez
Sep 12, (THAINDIAN NEWS) The American economist Austan Goolsbee is appointed as the chair of the Council of Economic Advisors. United States President Barack Obama said that he has complete ... Read more...
Posted in Politics |
Inflation on food front will substantially ease in fortnight’s time: Expert
July 16th, 2010 - 10:13 pm ICT by ANI
New Delhi, Jul 16 (ANI): India's food inflation would substantially ease out in next two weeks, claimed Kaushik Basu, Chief Economic Adviser to the Union Ministry of Finance.He said this while addressing ... Read more...
Posted in National |