global commodity

CII moots 10-point agenda for reviving Indian economy (Lead)


June 5th, 2012 - 9:44 pm ICT by IANS
Hyderabad, June 5 (IANS) Industry lobby, the Confederation of Indian Industry (CII) Tuesday mooted a 10-point agenda, including an early introduction of the goods and services tax (GST), to revive ... Read more...

Posted in Business |

CII moots 10-point agenda for reviving Indian economy


June 5th, 2012 - 7:26 pm ICT by IANS
Hyderabad, June 5 (IANS) Industry lobby, the Confederation of Indian Industry (CII) Tuesday mooted a 10-point agenda to revive India's economic growth through reforms and governance.The CII national council, which ... Read more...

Posted in Business |

‘China’s foreign trade outlook grim’ (Lead)


May 15th, 2012 - 3:55 pm ICT by IANS
Beijing, May 15 (IANS) The outlook for China's foreign trade remained grim but the full-year target of a 10-percent rise is still achievable, authorities said Tuesday.The country might register a ... 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 |

`Eurozone crisis to dent Canadian growth’


January 19th, 2012 - 3:38 pm ICT by IANS
Ottawa, Jan 19 (IANS) The Eurozone debt crisis will curb Canada's economic growth by 0.6 percent this year, or $9.89 billion, but it's a smaller damage compared to the expected ... Read more...

Posted in Business |

China’s inflation likely to ease in November


November 30th, 2011 - 1:57 pm ICT by IANS
Beijing, Nov 30 (IANS) China's inflation is predicted to fall for a fourth consecutive month in November with the consumer price index (CPI) likely to drop to 4.3 percent, a ... Read more...

Posted in Business |

Inflation to remain high till November: RBI


August 18th, 2011 - 11:06 pm ICT by IANS
Bangalore, Aug 18 (IANS) Inflation would continue to remain high in the nine percent plus range till November as projected by the Reserve Bank of India (RBI) in July, the ... Read more...

Posted in Uncategorized |

Key remarks by Pranab Mukherjee


July 27th, 2011 - 8:31 pm ICT by IANS
Following is the thrust of Finance Minister Pranab Mukherjee's media interaction Wednesday:* We have finalised some important legislations* Reforms process on track* We have signed 16 agreements to ... Read more...

Posted in Business |

Reforms on track, inflation a problem: Mukherjee (Overall Lead)


July 27th, 2011 - 7:51 pm ICT by IANS
New Delhi, July 27 (IANS) India's ambitious economic reforms agenda, that was set exactly 20 years ago, is on track and much of it just requires legislative action, which ... Read more...

Posted in Business |

RBI may hike rates again if inflation remains high: Pranab


July 27th, 2011 - 5:45 pm ICT by IANS
New Delhi, July 27 (IANS) Finance Minister Pranab Mukherjee said Wednesday the Reserve Bank of India might hike policy rates again as inflation was unlikely to come ... Read more...

Posted in Business |

Highlights of Indian central bank’s monetary policy update


July 26th, 2011 - 1:25 pm ICT by IANS
Mumbai, July 26 (IANS) Following are the highlights of monetary policy update conducted by Reserve Bank of India (RBI) Governor D. Subbarao that saw key rates hiked by a steep ... Read more...

Posted in Business |

Highlights of mid-quarter review of RBI monetary policy


June 16th, 2011 - 2:58 pm ICT by IANS
Mumbai, June 16 (IANS) Following are the highlights of the mid-quarter review of the monetary policy by the Reserve Bank of India Thursday:-- Repo rate hiked by 50 basis points ... Read more...

Posted in Business |

Sensex loses 332 points to close below 18,000 (Roundup)


May 23rd, 2011 - 6:33 pm ICT by IANS
Mumbai, May 23 (IANS) A benchmark index for Indian equities markets Monday closed 332 points lower, ending below the 18,000-level and also lowest in two months as traders off-loaded ... Read more...

Posted in Business |

Inflation remains major short-term challenge, says Pranab


May 21st, 2011 - 8:58 pm ICT by IANS
Mumbai, May 21 (IANS) Inflation remains a major short-term challenge despite a series of monetary and fiscal measures taken to curb it, Finance Minister Pranab Mukherjee said Saturday."Our major ... Read more...

Posted in Business |

Highlights of monetary policy unveiled by India’s central bank


May 3rd, 2011 - 2:09 pm ICT by IANS
Mumbai, May 3 (IANS) Following are the highlights of the monetary policy for this fiscal unveiled by the Reserve Bank of India (RBI) Governor D. Subbarao Tuesday:-- Repo rate ... Read more...

Posted in Business |

China’s GDP expected to grow 9.6 percent in 2011: IMF


April 28th, 2011 - 5:46 pm ICT by ANI
Beijing, Apr 28(ANI): China's economy is expected to grow 9.6 percent in 2011, The International Monetary Fund (IMF) has said in a new report.The report said that consumer price inflation in ... Read more...

Posted in South Asia |

Double-digit growth will need key reforms: new CII president


April 25th, 2011 - 5:36 pm ICT by IANS
New Delhi, April 25 (IANS) The Indian economy is expected to grow at 8-8.5 percent this fiscal, but will need to step up efforts to improve manufacturing output, boost agricultural ... Read more...

Posted in Business |

India, China spur US exports raising incomes and jobs: Geithner


March 4th, 2011 - 10:02 pm ICT by IANS
Washington, March 4 (IANS) Rapid growth of emerging economies like India, China and Brazil is boosting American exports and raising incomes and jobs across the US, Treasury Secretary Timothy Geithner ... Read more...

Posted in Business |

2011 should see improvement in world economy, says Pranab Mukherjee


March 4th, 2011 - 8:21 pm ICT by ANI
New Delhi, Mar 4(ANI): Union Finance Minister Pranab Mukherjee on Friday said that the global financial crisis and one of the deepest economic downturns witnessed in recent decades has compelled the ... Read more...

Posted in National |

Fiscal consolidation vital to tame prices: Mukherjee


January 8th, 2011 - 3:36 pm ICT by IANS
New Delhi, Jan 8 (IANS) Economic expansion and high fiscal deficit are together leading to unstable price regime and the government needs to revert to fiscal consolidation to control the situation, ... Read more...

Posted in Business |

Plantation sector asks government to share social cost burden


September 14th, 2010 - 1:35 pm ICT by IANS
By Fakir Balaji Coonoor (Tamil Nadu), Sep 14 (IANS) Planters of coffee, tea, spices and rubber of south India here Tuesday urged the government to share 50 percent of the cost of social ... Read more...

Posted in Business |

Concern over inflation overblown, says chief statistician


August 19th, 2010 - 7:02 pm ICT by IANS
Kolkata, Aug 19 (IANS) India's headline inflation will dip further in coming months and will be at manageable level by the year end, the country's chief statistician, T.C.A. Anant, said here Thursday. ... Read more...

Posted in Business |

Indian Economy’s integration with rest of the world poses new challenges: Pranab Mukherjee (Part I)


November 3rd, 2009 - 8:38 pm ICT by ANI
New Delhi, Nov.3 (ANI): Union Finance Minister Pranab Mukherjee on Tuesday said that while a growing integration of the Indian economy with the rest of the world has created new opportunities, ... Read more...

Posted in National |

Reserve Bank of India leaves key rates steady


July 28th, 2009 - 1:50 pm ICT by ANI
New Delhi, July 28 (ANI): The Reserve Bank of India (RBI) on Tuesday kept the key rates unchanged and said that there are progressive signs of recovery with positive industrial production and ... Read more...

Posted in Business |

India not threatened by deflation: Moody’s


June 25th, 2009 - 7:40 pm ICT by IANS
New Delhi, June 25 (IANS) India is not threatened by a deflation spiral that could derail economic development, the economic intelligence arm of global rating agency Moody's said Thursday. "Deflation is generally ... Read more...

Posted in Business |

Tough times ahead for Indian exporters, forecasts Moody’s


April 1st, 2009 - 6:04 pm ICT by IANS
New Delhi, April 1 (IANS) With giant economies like the US and Europe continuing to reel under recession, Indian exporters face tough times ahead, the economic analysis arm of global rating agency ... Read more...

Posted in Business |

More rate cuts expected post-monetary policy review: Moody’s


January 22nd, 2009 - 3:35 pm ICT by IANS
New Delhi, Jan 22 (IANS) India's central bank is expected to further cut the repo rate by 50 basis points after the monetary review, while the cash reserve ratio and the reverse ... Read more...

Posted in Uncategorized |

Inflation will moderate in coming months: Plan panel (Lead)


October 30th, 2008 - 11:12 pm ICT by IANS
Bangalore, Oct 30 (IANS) Inflation rate will moderate in the coming months as a result of fiscal and monetary policies taken by the central government and the Reserve Bank of India (RBI), ... Read more...

Posted in Business |

Inflation rate moderates further, eases to 10.68 percent (Lead)


October 30th, 2008 - 6:09 pm ICT by IANS
New Delhi, Oct 30 (IANS) India's annual rate of inflation eased to 10.68 percent for the week ended Oct 18 from 11.07 percent the week before, prompting economists to predict it would ... Read more...

Posted in Business |

Soybeans and coconuts used to make aviation fuel to power jets


October 11th, 2008 - 2:47 pm ICT by ANI
Washington, Oct 11 (ANI): Scientists in the US have turned oil from plants like soybeans and coconuts into jet fuel that is equivalent to kerosene derived from oil.According to a report ... Read more...

Posted in National |

Declining oil prices will not lower inflation: Report


August 26th, 2008 - 4:40 pm ICT by IANS
New Delhi, Aug 26 (IANS) The recent decline in global oil prices will not lower India's rate of inflation, which will remain "stubbornly strong" in the coming days despite monetary tightening by ... Read more...

Posted in Uncategorized |

Economy to grow at 7.7 percent, inflation can touch 13 percent (Second Lead)


August 13th, 2008 - 5:22 pm ICT by IANS
New Delhi, Aug 13 (IANS) The Indian economy will grow at 7.7 percent in the current fiscal against 9 percent in 2007-08, and inflation could touch the 13 percent-mark, said the prime ... Read more...

Posted in Business |

Inflation could go beyond 13 percent, GDP growth lowered to 7.7 percent


August 13th, 2008 - 5:12 pm ICT by ANI
New Delhi , Aug 13 (ANI): The Prime Ministers Economic Advisory Council has lowered the GDP growth projection to 7.7 percent during 2008-09 as against 9 percent in last fiscal.EAC chairman ... Read more...

Posted in National |

Government pares down growth outlook to 7.7 percent (Lead)


August 13th, 2008 - 1:29 pm ICT by IANS
New Delhi, Aug 13 (IANS) The Indian economy is likely to grow at 7.7 percent in 2008-09, compared to 9 percent in the last fiscal, predicts the government's economic outlook report released ... Read more...

Posted in Business |

Monetary policy measures reflect inflation concerns: Industry


July 29th, 2008 - 5:55 pm ICT by ANI
New Delhi, July 29 (ANI): Reacting to the increase in the repo rate and cash reserve ratio, CII stated that these are expected policy responses to inflation, though it may have ... Read more...

Posted in National |

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