economic growth

World Bank to support Bangladesh river project


September 21st, 2012 - 8:54 pm ICT by IANS
Dhaka, Sep 21 (IANS) The World Bank plans to restart negotiations on a $1.2 billion loan to Bangladesh for building a bridge over the Padma river.Friday's announcement comes after the ... Read more...

Posted in Business |

PM to address nation on FDI in retail and other reforms


September 21st, 2012 - 4:55 pm ICT by IANS
New Delhi, Sep 21 (IANS) Prime Minister Manmohan Singh will address the nation Friday night to explain why his government is going forward with economic reforms, especially allowing overseas investment ... Read more...

Posted in Business |

IMF lowers 2012 growth outlook for South Korea


September 21st, 2012 - 2:22 pm ICT by IANS
Seoul, Sep 21 (IANS) The International Monetary Fund (IMF) lowered Friday its 2012 economic growth outlook for South Korea to 3 percent from 3.5 percent estimated in April, citing the ... Read more...

Posted in Business |

Technology giants form new internet lobby group


September 20th, 2012 - 10:11 am ICT by IANS
Washington, Sep 20 (IANS) Google, Facebook, Amazon and 11 other technology heavyweights have announced that they have formed a lobby group, and vowed to strengthen and protect a free and ... Read more...

Posted in World |

Burundi can benefit from India’s development experience: President


September 18th, 2012 - 10:20 pm ICT by IANS
New Delhi, Sep 18 (IANS) President Pranab Mukherjhee Tuesday said India's developmental experience in energy, agriculture, infrastructure, and other fields is suited to generate employment for youth and could be ... Read more...

Posted in Uncategorized |

More steps soon for fiscal consolidation: Chidambaram


September 17th, 2012 - 11:24 pm ICT by IANS
New Delhi, Sep 17 (IANS) The government will take more steps in coming months to ensure fiscal consolidation and boost economic growth, Finance Minister P. Chidambaram said Monday.Talking to reporters ... Read more...

Posted in Business |

Chandy assures transparency in all projects


September 12th, 2012 - 4:18 pm ICT by IANS
Kochi, Sep 12 (IANS) Kerala Chief Minister Oommen Chandy Wednesday said all the investment proposals emerging at the global investors meet being held here would be cleared in a transparent ... Read more...

Posted in Business |

Brazil cuts electricity rates to spur economy


September 12th, 2012 - 11:27 am ICT by IANS
Brasilia, Sep 12 (IANS/EFE) President Dilma Rousseff Tuesday made official a reduction in electricity rates aimed at spurring economic growth and making Brazilian firms more competitive.The reductions, 16.2 percent for ... Read more...

Posted in Business |

Mitsubishi to build plant in Mexico


September 7th, 2012 - 12:33 pm ICT by IANS
Tokyo, Sep 7 (IANS/EFE) Japan's Mitsubishi Heavy Industries Ltd. said it has reached an agreement with Mexico's Federal Electricity Commission, or CFE, to build a 50 MW geothermal power plant ... Read more...

Posted in Business |

Coal India achieves near-target performance


September 5th, 2012 - 4:39 pm ICT by IANS
New Delhi, Sep 5 (IANS) With coal dominating the political discourse, Minister of State for Coal Pratik Prakashbapu Patil Wednesday said Coal India Ltd (CIL) had achieved over 97 percent ... Read more...

Posted in Business |

India will ensure clarity in tax regulations: Chidambaram


September 3rd, 2012 - 7:00 pm ICT by IANS
New Delhi, Sep 3 (IANS) Finance Minister P. Chidambaram Monday assured investors that the government would bring clarity in tax regulations and take necessary measures to ensure a stable ... Read more...

Posted in Uncategorized |

Growth up in China’s non-manufacturing sector


September 3rd, 2012 - 1:05 pm ICT by IANS
Beijing, Sep 3 (IANS) The Purchasing Managers Index (PMI) of China's non-manufacturing sector, a key economic indicator, rose 0.7 percentage point to 56.3 percent in August, new survey results indicate.The ... Read more...

Posted in Business |

Kyrgyz acting PM resigns


September 1st, 2012 - 5:56 pm ICT by IANS
Bishkek, Sep 1 (IANS/RIA Novosti) Kyrgyz acting Prime Minister Omurbek Babanov has tendered his resignation, the government press service said Saturday.Kyrgyz President Almazbek Atambayev dismissed the government Aug 24, following ... Read more...

Posted in Uncategorized |

US factory orders rise


September 1st, 2012 - 1:10 pm ICT by IANS
Washington, Sep 1 (IANS) New orders for US manufactured goods rose 2.8 percent in July, indicating that the US manufacturing sector was gaining momentum, the US Department of Commerce reported. ... Read more...

Posted in Business |

Indian economy grows at a sluggish 5.5 percent in Q1 (Lead)


August 31st, 2012 - 3:36 pm ICT by IANS
New Delhi, Aug 31 (IANS) The Indian economy grew at a sluggish 5.5 percent in the first quarter of this fiscal in comparison to 8 percent in the corresponding quarter ... Read more...

Posted in Business |

`China’s economic growth slowly stabilizing’


August 29th, 2012 - 1:12 pm ICT by IANS
Beijing, Aug 29 (IANS) Price rises have continued to be slow in China since the beginning of the year as a result of improving supply-demand relations and dropping prices for ... Read more...

Posted in Business |

President stresses universal healthcare system (Lead)


August 28th, 2012 - 4:34 pm ICT by IANS
New Delhi, Aug 28 (IANS) President Pranab Mukherjee Tuesday stressed the need to evolve a universal healthcare system for the nation, calling it important for economic growth. He pitched ... Read more...

Posted in Health |

‘Deteriorating eurozone crisis may slow Chinese economy’


August 25th, 2012 - 2:39 pm ICT by IANS
Singapore, Aug 25 (IANS) A further deterioration in the eurozone debt crisis could slow China's economic growth, a team of economists said in a report. The economists from the National ... Read more...

Posted in Business |

South Korean conglomerates see economy worse than 2008


August 22nd, 2012 - 1:17 pm ICT by IANS
Seoul, Aug 22 (IANS) A majority of South Korean conglomerates were seeing current economic conditions worse than those in 2008 when the global financial crisis occurred, a poll showed Wednesday.According ... Read more...

Posted in Business |

‘Zimbabwe should emulate China, invest in new technology’


August 21st, 2012 - 1:58 pm ICT by IANS
Harare, Aug 21 (IANS) A Zimbabwean cabinet minister has urged the government to emulate emerging economies such as China by investing heavily in new technologies to accelerate development.Science and Technology ... Read more...

Posted in Business |

Government discriminates against our states: BJP


August 19th, 2012 - 3:30 pm ICT by IANS
New Delhi, Aug 19 (IANS) The Bharatiya Janata Party (BJP) Sunday accused the Congress-led central government of discriminating against BJP-ruled states.It said the central government was creating hurdles ... Read more...

Posted in Politics |

PMEAC lowers 2012-13 GDP forecast to 6.7 percent


August 17th, 2012 - 4:10 pm ICT by IANS
New Delhi, August 17 (IANS) The Prime Minister's Economic Advisory Council (PMEAC) Friday revised downwards its economic growth projections for the current fiscal to 6.7 percent from the earlier 7.5-8 ... Read more...

Posted in Business |

Bihar needs special status: Nitish Kumar


August 15th, 2012 - 12:33 pm ICT by IANS
Patna, Aug 15 (IANS) Chief Minister Nitish Kumar hoisted the national flag here on Independence Day Wednesday and demanded a special category status for Bihar for its development."Bihar is developing ... Read more...

Posted in Politics |

Text of Prime Minister’s Independence Day speech


August 15th, 2012 - 9:53 am ICT by IANS
New Delhi, Aug 15 (IANS) Text of Prime Minister Manmohan Singh's speech on India's Independence Day from the Red Fort:My dear countrymen, brothers, sisters and dear children,I greet you ... Read more...

Posted in Politics |

Clinton to attend late Ghanaian president’s funeral


August 10th, 2012 - 6:12 am ICT by IANS
Washington, Aug 10 (IANS) US Secretary of State Hillary Clinton will attend the funeral of late Ghanaian president John Evans Atta Mills who died July 24 following illness ... Read more...

Posted in World |

US consumer credit up


August 8th, 2012 - 1:33 pm ICT by IANS
Washington, Aug 8 (IANS) US consumer credit increased at an annual rate of 3 percent in June, a positive sign of growing confidence in the economy, the Federal Reserve reported.The ... Read more...

Posted in Business |

Chidambaram’s efforts will help revive growth: FICCI


August 7th, 2012 - 8:10 pm ICT by IANS
New Delhi, Aug 7 (IANS) Enthused by Finance Minister P. Chidambaram's assurance of fine-tuning policies, industry body FICCI Tuesday said this would help revive economic growth."It is quite obvious ... Read more...

Posted in Business |

Crisil cuts India’s growth forecast to 5.5 percent


August 7th, 2012 - 4:54 pm ICT by IANS
Mumbai, Aug 7 (IANS) Research and ratings agency Crisil Tuesday cut India's economic growth forecast to 5.5 percent for the 2012-13 financial year from its earlier estimate of 6.5 percent, ... Read more...

Posted in Business |

Government to modify policies to meet investors’ expectations


August 6th, 2012 - 5:21 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram said Monday the government will fine-tune economic policies to meet investor and other stakeholders' expectations."Our policies have to be modified ... Read more...

Posted in Business |

US manufacturing sector contracts in July


August 2nd, 2012 - 5:05 am ICT by IANS
Washington, Aug 2 (IANS) The US manufacturing sector shrank for the second consecutive month in July, a survey showed Wednesday.The US Institute of Supply Management (ISM) manufacturing index, also known ... Read more...

Posted in Business |

World Bank opens office in Myanmar


August 1st, 2012 - 8:18 pm ICT by IANS
Yangon, Aug 1 (IANS) The World Bank opened its first country office in Yangon's Inya Lake Hotel Wednesday while granting $85 million to support reforms in the country.Visiting World Bank ... Read more...

Posted in World |

Subbarao sees scope to cut rates in 2012


July 31st, 2012 - 6:17 pm ICT by IANS
Mumbai, July 31 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Tuesday said persistent high inflation did not allow the central bank to cut interest rates immediately but there ... Read more...

Posted in Business |

‘Chinese army poses no threat to any nation’


July 31st, 2012 - 1:03 pm ICT by IANS
Beijing, July 31 (IANS) China's military development does not target or pose a threat to any nation, said a senior Chinese army officer Tuesday."The development of the Chinese armed forces ... Read more...

Posted in World |

US defends rant against outsourcing jobs to India


July 28th, 2012 - 1:10 pm ICT by IANS
Washington, July 28 (IANS) The US sees no contradiction in President Barack Obama's election year rhetoric against outsourcing of jobs to India and its efforts to forge a stronger ... Read more...

Posted in World |

China’s economy expected to pick up


July 26th, 2012 - 4:05 pm ICT by IANS
Beijing, July 26 (IANS) China's economic growth has bottomed out and will pick up in the second half of this year on government monetary and fiscal support as well as ... Read more...

Posted in Uncategorized |

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