growth projection

12th Plan growth projection lowered to 8.2 percent


September 14th, 2012 - 5:31 pm ICT by IANS
New Delhi, Sep 14 (IANS) The Planning Commission has lowered its estimate of annual average economic growth rate for the 12th Plan period (2012-13 to 2017-18) to 8.2 percent, from ... Read more...

Posted in Business |

Public sector bank’s non-performing assets not alarming: FM


August 18th, 2012 - 5:30 pm ICT by IANS
New Delhi, Aug 18 (IANS) Finance Minister P. Chidambaram Saturday said non-performing assets (NPAs) of public sector banks (PSBs) have risen marginally in the last fiscal and there ... Read more...

Posted in Business |

Plane numbers to double by 2032: Boeing


July 4th, 2012 - 8:13 am ICT by IANS
Chicago, July 4 (IANS) The global plane market will reach $4.5 trillion and will have doubled the existing fleet with 34,000 new planes over the next two decades, aircraft manufacturer ... Read more...

Posted in Business |

‘Budget in right direction but short on growth incentives’


March 16th, 2012 - 11:56 pm ICT by IANS
Chennai, March 16 (IANS) Tamil Nadu's corporate sector Said Fridy Finance Minister Pranab Mukherjee has acquitted himself well given the circumstances by which he is bound and the budget ... Read more...

Posted in Business |

Some positives in budget, says India Inc; displeased with taxes


March 16th, 2012 - 9:40 pm ICT by IANS
New Delhi, March 16 (IANS) The budget for 2012-13 elicited mixed response from India Inc Friday, with some appreciating the government's efforts at fiscal consolidation and incentivising growth while others ... Read more...

Posted in Business |

India’s growth projection lowered as global recovery stalls


January 24th, 2012 - 10:14 pm ICT by IANS
Washington, Jan 24 (IANS) With the global recovery threatened by intensifying strains in the euro area and fragilities elsewhere, the International Monetary Fund (IMF) has slightly lowered India's growth projections ... Read more...

Posted in Business |

India’s central bank infuses more money in system


January 24th, 2012 - 2:41 pm ICT by IANS
New Delhi, Jan 24 (IANS) After nearly two years of tight check on money supply to tame inflation, India's central bank took steps Tuesday to infuse more liquidity in the ... Read more...

Posted in Business |

Indian retail sector outlook for 2012 stable: Fitch


January 18th, 2012 - 6:23 pm ICT by IANS
New Delhi, Jan 18 (IANS) The outlook for the Indian retail sector would remain stable in 2012 with concerns remaining over inflationary pressures and economic growth, ratings agency Fitch ... 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 |

Brazil’s inflation rate may exceed 6.5 percent in 2011


December 23rd, 2011 - 1:36 pm ICT by IANS
Rio de Janeiro, Dec 23 (IANS) Brazil's central bank has forecast that the country's inflation rate for this year is likely to surpass the 6.5 percent upper limit set by ... Read more...

Posted in Business |

India may end 2011-12 with 7 percent growth: Montek


December 21st, 2011 - 11:29 pm ICT by IANS
Mumbai, Dec 21 (IANS) Economic deceleration is expected to continue in the third quarter of 2011-12 and India may end the financial year with a 7 percent GDP growth rate, ... Read more...

Posted in Business |

Fitch reduces Brazil’s GDP growth projection


December 13th, 2011 - 1:46 pm ICT by IANS
Rio De Janeiro, Dec 13 (IANS) Credit rating agency Fitch Ratings Monday lowered Brazil's GDP growth projection for 2011 from 3.5 to 2.8 percent.The announcement came after Brazilian financial analysts ... Read more...

Posted in Business |

Pranab lowers 2011-12 growth projection to 7.5 percent


December 2nd, 2011 - 2:32 pm ICT by IANS
New Delhi, Dec 2 (IANS) After a slump in growth in the first two quarters of the current financial year, Finance Minister Pranab Mukherjee Friday lowered the economic growth ... Read more...

Posted in Business |

Global slowdown, reason for lowering growth projection: RBI


October 25th, 2011 - 2:59 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) lowered the growth estimates for fiscal 2011-12 to 7.6 percent citing a slowdown in the global economy and moderating domestic ... Read more...

Posted in Uncategorized |

ADB cuts growth projection of developing Asia


September 14th, 2011 - 3:38 pm ICT by IANS
Jakarta, Sep 14 (IANS) The Asian Development Bank (ADB) has cut its 2011 and 2012 growth forecasts for developing Asia amid ongoing worries about weak external demand from its key ... Read more...

Posted in Business |

India unlikely to meet fiscal deficit target: FICCI


August 31st, 2011 - 5:07 pm ICT by IANS
New Delhi, Aug 31 (IANS) Fiscal deficit in India is likely to remain over 5 percent in the current fiscal as against the budgetary estimate of 4.6 percent, due ... Read more...

Posted in Business |

Economic growth data disappointing, says Pranab


August 30th, 2011 - 6:42 pm ICT by IANS
New Delhi, Aug 30 (IANS) Expressing disappointment over the slowdown in the economic growth that fell to 7.7 percent in the first quarter this fiscal, Finance Minister Pranab Mukherjee ... Read more...

Posted in Business |

Auto component industry to grow by 12-15 percent in 2011-12


August 30th, 2011 - 6:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Automotive Component Manufactures Association of India (ACMA) Tuesday said that due to a slowdown in the domestic consumption, it expected growth to moderate between ... Read more...

Posted in Business |

8.2 percent growth projection not disappointing: Pranab


August 2nd, 2011 - 7:13 pm ICT by IANS
New Delhi, Aug 2 (IANS) A day after the prime minister's Economic Advisory Council lowered GDP growth forecast to 8.2 percent from the earlier 9 percent, Finance Minister Pranab ... Read more...

Posted in Business |

Rate hike will hurt growth, feels India Inc


July 26th, 2011 - 7:26 pm ICT by IANS
New Delhi, July 26 (IANS) Disappointed over the Reserve Bank of India's decision to hike policy rates for the 11th time in 15 months, India Inc warned Tuesday that ... Read more...

Posted in Business |

Pranab to interact with SBI board on finances


July 14th, 2011 - 6:51 pm ICT by IANS
Kolkata, July 14 (IANS) Union Finance Minister Pranab Mukherjee will interact with the State Bank of India (SBI) board Aug 6 to understand what kind of financial support the ... Read more...

Posted in Uncategorized |

High interest rates, agriculture threaten growth rate: Sinha


March 5th, 2011 - 7:10 pm ICT by IANS
Kolkata, March 5 (IANS) Bharatiya Janata Party leader Yashwant Sinha Saturday termed high interest rates and an uncertain growth in agriculture sector as major threats to the high GDP ... Read more...

Posted in Business |

India to be fastest growing economy by 2018: Economist


March 16th, 2010 - 5:58 pm ICT by IANS
New Delhi, March 16 (IANS) India is the second largest growing economy after China, but it will overtake its neighbouring country by 2018, the Economist Intelligence Unit (EIU), the research arm of ... Read more...

Posted in Business |

Fresh taxes in Karnataka budget


March 5th, 2010 - 5:04 pm ICT by IANS
Bangalore, March 5 (IANS) Fresh taxes have been proposed in the Karnataka budget for the 2010-11 financial year to raise Rs.1,829 crore for mobilising additional resources and eliminating a deficit of ... Read more...

Posted in Business |

RBI hikes CRR; repo rates unchanged


January 29th, 2010 - 3:02 pm ICT by ANI
New Delhi, Jan 29 (ANI): The Reserve Bank of India (RBI) in its monetary policy review on Friday, hiked the Cash Reserve Ratio (CRR) by 75 basis points to 5.75 percent in ... Read more...

Posted in Business |

Highlights of monetary policy update by India’s central bank


January 29th, 2010 - 1:32 pm ICT by IANS
Mumbai, Jan 29 (IANS) Following are the highlights of the third quarterly update of the monetary policy for this fiscal presented by Reserve Bank of India Governor D. Subbarao before chief executives ... Read more...

Posted in Business |

Highlights of central bank’s monetary policy review


October 27th, 2009 - 1:50 pm ICT by IANS
Mumbai, Oct 27 (IANS) Following are the highlights of the half-yearly review of India's monetary policy for 2009-10, conducted by Reserve Bank Governor D. Subbarao: - Statutory liquidity ratio hiked to 25 percent ... Read more...

Posted in Business |

India’s central bank raises inflation projections


October 27th, 2009 - 1:25 pm ICT by IANS
Mumbai, Oct 27 (IANS) India's central bank has retained its growth projection for the country's economy at 6 percent for the current fiscal but significantly raised its expectations on the annual inflation ... Read more...

Posted in Business |

Too early to comment on impact of drought, floods: PM


October 9th, 2009 - 9:52 pm ICT by IANS
Hyderabad, Oct 9 (IANS) Prime Minister Manmohan Singh Friday said it was to too early to comment on what would be the impact of drought and floods on the country's economy. "It ... Read more...

Posted in Business |

Is the recession over for the Indian economy? (Comment)


September 27th, 2009 - 2:31 pm ICT by IANS
By Sushma Ramachandran Are the clouds of recession lifting over the Indian economy as they seem to be over the rest of the world? That is the big question everyone is asking ... Read more...

Posted in Business |

Poor monsoon could lower India’s growth, says Montek Singh Ahluwalia


August 18th, 2009 - 6:52 pm ICT by ANI
New Delhi, Aug 18 (ANI): Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission on Tuesday said that India's growth projection could be trimmed due to a poor monsoon.Yet the country ... Read more...

Posted in National |

IT sector growth could slow to 10.8 percent in 2009


June 21st, 2009 - 3:30 pm ICT by IANS
New Delhi, June 21 (IANS) The IT and IT enabled services (IteS) industry in India is expected to grow 10.8 percent to touch Rs.309,573 crore ($64 billion) in 2009, the slowest in ... Read more...

Posted in Business |

Sensex up 461 points after PM’s growth projection remarks


June 9th, 2009 - 11:12 pm ICT by ANI
Mumbai, June 9 (ANI): Bombay Stock Exchange benchmark Sensex on Tuesday recorded a surge of over 461 points on aggressive buying by funds and regained 15,000-level, which it lost during Monday's ... Read more...

Posted in Feature |

World Bank predicts slower growth for India in 2009


March 31st, 2009 - 4:10 pm ICT by IANS
By Arun Kumar Washington, March 31 (IANS) As the global economy deteriorates sharply, the World Bank has projected a slower 4 percent growth for India in 2009, down from 5.5 percent in 2008, ... Read more...

Posted in World |

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