India’s potential growth rate has come down: RBI
June 19th, 2012 - 8:55 pm ICT by IANS
Mumbai, June 19 (IANS) A day after keeping the key policy rates steady, the central bank Tuesday said India's potential of maintaining a high economic growth has come down."Potential growth ... Read more...
Posted in Business |
Economic woes are largely due to domestic factors: FICCI
June 4th, 2012 - 6:20 pm ICT by IANS
New Delhi, June 4 (IANS) The government should not blame the eurozone crisis for the present economic slowdown as it is largely due to the domestic factors like excessive ... Read more...
Posted in Business |
G8 summit opens in US
May 19th, 2012 - 8:54 am ICT by IANS
Washington, May 19 (IANS) The summit of the Group of Eight (G8) industrialized nations opened Friday in Maryland, US.The two-day summit groups together leaders of Britain, Canada, France, Germany, Italy, ... Read more...
Posted in World |
Mukherjee hints at austerity as rupee dips to record low (Roundup)
May 16th, 2012 - 8:50 pm ICT by IANS
New Delhi, May 16 (IANS) The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a ... Read more...
Posted in Business |
Rupee hits record low of 54.50 against dollar (Lead)
May 16th, 2012 - 7:21 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.50 against the US dollar Wednesday with risk aversion in global markets adding to the pressure, ... Read more...
Posted in Business |
Slowdown a concern, but India’s growth story intact: Pranab
May 16th, 2012 - 6:02 pm ICT by IANS
New Delhi, May 16 (IANS) Blaming the eurozone crisis for the economic slowdown and the sharp drop in the stock markets, Finance Minister Pranab Mukherjee Wednesday said India's growth ... Read more...
Posted in Business |
Home alone - to save the underdog (Washington Newsletter)
December 25th, 2011 - 5:36 pm ICT by IANS
Washington, Dec 25 (IANS) The president was home alone for a whole week with only family dog Bo to keep him company. The first lady and the girls had ... Read more...
Posted in Politics |
Sensex down 112 points, capital goods, bank stocks hit (Roundup)
December 19th, 2011 - 6:42 pm ICT by IANS
Mumbai, Dec 19 (IANS) A benchmark index for Indian equities Monday recouped some of its intra-day losses and closed 112 points down -- the lowest since Aug 14, 2009 ... Read more...
Posted in Business |
Sensex slips sharply on negative Asian cues
December 19th, 2011 - 1:46 pm ICT by IANS
Mumbai, Dec 19 (IANS) A benchmark index for Indian equities Monday was ruling almost 260 points lower a little before noon as negative cues from Asian bourses prompted sharp ... Read more...
Posted in Business |
Australian finance minister warns of tough spending cuts
November 14th, 2011 - 3:42 pm ICT by IANS
Canberra, Nov 14 (IANS) Australian Finance Minister Penny Wong Monday renewed her warning of deep spending cuts in the upcoming mini-budget as the government struggles to keep its pledge to ... Read more...
Posted in Business |
Australia signals lower economic growth rate
November 6th, 2011 - 2:24 pm ICT by IANS
Canberra, Nov 6 (IANS) Australia Sunday signalled its mid-year budget review will reveal a lower-than-estimated growth rate for its economy.
Federal Treasurer Wayne Swan and Federal Finance Minister Penny Wong ... Read more...
Posted in Business |
US avoids default; retains AAA rating for now
August 3rd, 2011 - 10:52 am ICT by IANS
Washington, Aug 3 (IANS) As the US avoided a disastrous default hours before the midnight deadline, two major ratings agencies reaffirmed the federal government's AAA rating, but warned America ... Read more...
Posted in Business |
Tax collections, notably in services, encouraging: Mukherjee
July 27th, 2011 - 4:03 pm ICT by IANS
New Delhi, July 27 (IANS) Amid concerns that India may not be able to meet its fiscal deficit target for this fiscal, Finance Minister Pranab Mukherjee Wednesday said tax ... Read more...
Posted in Business |
Monetary tightening may moderate growth: Mukherjee
June 17th, 2011 - 1:53 pm ICT by IANS
New Delhi, June 17 (IANS) Continued monetary tightening by the Reserve Bank of India might moderate growth in the short-term but the long-term prospects remained buoyant, Finance Minister Pranab ... Read more...
Posted in Business |
Prime minister is alert and bold: Pranab Mukherjee
April 9th, 2011 - 6:35 pm ICT by IANS
Chennai, April 9 (IANS) Finance Minister Pranab Mukherjee Saturday rejected the opposition's description of Manmohan Singh as "weak" and asserted that the prime minister was very alert and proactive.Releasing ... Read more...
Posted in Politics |
EU adopts measures to tackle financial crisis in the Eurozone
March 25th, 2011 - 11:43 pm ICT by BNO News
BRUSSELS (BNO NEWS) -- The European Council on Friday adopted a comprehensive package of measures to respond to the financial crisis in the Eurozone and ensure lasting stability.The measures adopted are aimed ... Read more...
Posted in Business |
Low fiscal deficit will boost private investment: Mukherjee
March 4th, 2011 - 8:23 pm ICT by IANS
New Delhi, March 4 (IANS) Low market borrowings by the government and reduced fiscal deficit in the upcoming fiscal year will boost private investment and help reduce the public ... Read more...
Posted in Business |
Obama “hell-bent” on weakening America: Sarah Palin
January 8th, 2011 - 3:45 pm ICT by ANI
Washington, Jan 8 (ANI): Sarah Palin, a possible Republican contender for the 2012 presidential bid, is of the opinion that US President Barack Obama is "hell-bent on weakening America" by pushing ... Read more...
Posted in World |
Manmohan Singh to stress on better fiscal discipline at G-20 plenary
June 27th, 2010 - 7:01 pm ICT by ANI
By Ashok DixitToronto, June 27 (ANI): Visiting Indian Prime Minister Dr. Manmohan Singh is likely to call on all leaders of the Group of Twenty (G-20) attending Sunday's plenary sessions here ... Read more...
Posted in World |
J and K Govt to create investors friendly atmosphere: Omar
June 18th, 2010 - 9:20 pm ICT by ANI
New Delhi, June 18 (ANI): Jammu and Kashmir Chief Minister Omar Abdullah on Friday assured the Planning Commission that his government would take steps to create investors friendly atmosphere in the state. ... Read more...
Posted in National |
Government not sincere in controlling food prices: BJP
March 11th, 2010 - 8:29 pm ICT by IANS
New Delhi, March 11 (IANS) The main opposition Bharatiya Janata Party (BJP) Thursday questioned the government's sincerity in containing food inflation and said the hike in petrol and diesel prices had ... Read more...
Posted in Business |
Deora welcomes union budget, justifies fuel price hike
February 26th, 2010 - 8:05 pm ICT by IANS
New Delhi, Feb 26 (IANS) Minister of Petroleum and Natural Gas Murli Deora Friday welcomed the budget and also justified the fuel price increase by the restoration of basic customs duty ... Read more...
Posted in Business |
Nothing in budget for Karnataka, says Yedyyurappa
February 26th, 2010 - 8:00 pm ICT by IANS
Bangalore, Feb 26 (IANS) Karnataka Chief Minister B.S. Yeddyurappa Friday termed the union budget for 2010-11 as "disappointing". The budget has ignored the state's request to waive farm loans in flood-affected areas ... Read more...
Posted in Business |
Finance panel report to be placed in parliament: Pranab (Lead)
December 30th, 2009 - 4:41 pm ICT by IANS
New Delhi, Dec 30 (IANS) Finance Minister Pranab Mukherjee Wednesday said the recommendations of the 13th Finance Commission, which submitted its report to President Pratibha Patil earlier in the day, will ... Read more...
Posted in Business |
13th Finance Commission submits report to president
December 30th, 2009 - 2:58 pm ICT by IANS
New Delhi, Dec 30 (IANS) The 13th Finance Commission constituted to determine the distribution of tax revenues between the central government and the states Wednesday submitted its report to President Pratibha ... Read more...
Posted in Business |
Moody’s revises India growth forecast to 6.4 percent
September 3rd, 2009 - 5:55 pm ICT by IANS
New Delhi, Sep 3 (IANS) Global consultancy Moody's, which last week contended that the drought would bring India's growth down to 6.2 percent, Thursday revised its prediction to say the "stronger-than-expected start" ... Read more...
Posted in Business |
Divestment for fiscal deficit financing disastrous: CPI-M
July 11th, 2009 - 10:38 pm ICT by IANS
Kolkata, July 11 (IANS) The Communist Party of India-Marxist (CPI-M) Saturday cautioned against raising funds through divestment of profitable state-run units to finance the fiscal deficit, terming this disastrous.
"The corporate ... Read more...
Posted in Business |
Divestment can raise Rs.80,000 crore: Assocham
June 28th, 2009 - 2:02 pm ICT by IANS
New Delhi, June 28 (IANS) The government can raise about Rs.80,000 crore ($16.6 billion) by divesting stake in public sector units, says an industry lobby report.
"Dilution of stake in leading public sector ... Read more...
Posted in Business |
OECD ups India growth forecast, slams protectionism
June 24th, 2009 - 7:45 pm ICT by IANS
London, June 24 (IANS) The Organisation for Economic Cooperation and Development (OECD) Wednesday said India was on course to achieving a 7.2 percent growth rate next year but said it was concerned ... Read more...
Posted in Business |
Karnataka tax ratio highest in India: RBI
May 15th, 2009 - 12:33 am ICT by IANS
Bangalore, May 14 (IANS) The Reserve Bank of India (RBI) Thursday praised Karnataka for having the highest tax to gross state domestic product (GSDP) ratio in the country.
"The state tax to the ... Read more...
Posted in Business |
John Boehner criticizes the President’s financial plans
May 10th, 2009 - 7:19 pm ICT by GD
John Boehner, the minority leader in the Obama administration has made pointed criticism of the President's proposed and much debated budget plans. It must be noted here that the President had declared ... Read more...
Posted in Politics |
Pakistan’s central bank cuts policy rate to 14 percent
April 20th, 2009 - 8:51 pm ICT by IANS
Karachi, April 20 (IANS) The State Bank of Pakistan (SBP), the country's central banker has cut its policy rate by 100 basis points to 14 percent, it was announced here Monday.
Addressing ... Read more...
Posted in Business |
Indian-origin Jindal responds to Obama, calls for smaller government, tax cuts
February 25th, 2009 - 7:18 pm ICT by ANI
Louisiana (US), Feb.25 (ANI): Responding to President Barack Obama''s prime-time speech to Congress on the economy, Louisiana''s Indian-origin Governor Piyush `Bobby'' Jindal called for smaller government, tax cuts, and help for ... Read more...
Posted in World |
Jindal to criticise Obama’s stimulus plan
February 25th, 2009 - 10:22 am ICT by IANS
Washington, Feb 25 (IANS) Louisiana's Indian American Governor Bobby Jindal is expected to offer a spirited criticism of the Democrats' stimulus plan while stressing on the need to forge bipartisanship in Washington ... Read more...
Posted in Uncategorized |
Rice sops to prove costly in Chhattisgarh budget (Lead)
February 9th, 2009 - 8:58 pm ICT by IANS
Raipur, Feb 9 (IANS) Chhattisgarh's Bharatiya Janata Party government Monday presented a Rs.222.11 billion (Rs. 22,211 crore) budget which levies no new taxes for the 2009-10 fiscal. The budget has a deficit ... Read more...
Posted in Uncategorized |