kaushik basu

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 |

Tea firms line up tea tourism projects in Darjeeling hills


August 23rd, 2012 - 2:49 pm ICT by IANS
Kolkata, Aug 23 (IANS) Tea producers are venturing into tea tourism projects in the picturesque Darjeeling hills, hoping the newly-created Gorkhaland Territorial Administration (GTA) will restore peace in the region.The ... Read more...

Posted in Business |

Economic growth will fall below 6 percent: Kaushik Basu


July 31st, 2012 - 6:35 pm ICT by IANS
New Delhi, July 31 (IANS) India's economic growth will fall below 6 percent in the first half of the current fiscal but would pick up thereafter and inflation would moderate ... Read more...

Posted in Business |

Indian tea makers to showcase brew at London Olympics


July 25th, 2012 - 11:01 pm ICT by IANS
Kolkata, July 25 (IANS) Leading tea makers from India will showcase different varieties of tea during the July 27-Aug 12 London Olympics to promote the brew in Britain.Premium brands of ... Read more...

Posted in Business |

India Inc has to live with dollar at Rs.50: Kaushik Basu


July 7th, 2012 - 7:58 pm ICT by IANS
Kolkata, July 7 (IANS) India Inc is suffering from sharp rupee depreciation against the US dollar, but should be "realistic" about the Indian currency's fall and learn to live with ... Read more...

Posted in Business |

Inflation to soften by mid-October: Kaushik Basu


July 3rd, 2012 - 8:51 pm ICT by IANS
Chennai, July 3 (IANS) Inflation would continue at the 7.5 percent level till September this year, after which it is likely to go below 7 per cent, Kaushik Basu, chief ... Read more...

Posted in Business |

Disconnect among government, RBI: BJP


June 18th, 2012 - 11:49 pm ICT by IANS
New Delhi, June 18 (IANS) Slamming the government for "mismanagement" of the economy, the Bharatiya Janata Party said Monday the Reserve Bank of India's decision to keep lending rates ... Read more...

Posted in Politics |

Technical glitch hits Darjeeling tea e-auction plan


June 18th, 2012 - 3:34 pm ICT by IANS
Kolkata, June 18 (IANS) Electronic auctioning of the world-famous Darjeeling tea has become uncertain with glitches hitting the launch platform.The e-auction platform was supposed to start in April at the ... Read more...

Posted in Business |

Finance ministry advisor suggests small diesel price decontrol


June 13th, 2012 - 12:06 am ICT by IANS
Bangalore, June 12 (IANS) The finance ministry's Chief Economic Advisor, Kaushik Basu Tuesday favoured decontrol of diesel price in a small and intelligent way to insulate the country from spiralling global ... Read more...

Posted in Business |

FDI in multi-brand retail will lift mood: Economic advisor


June 13th, 2012 - 12:05 am ICT by IANS
Bangalore, June 12 (IANS) Opening up the multi-brand retail sector to foreign direct investment(FDI) would lift the economic mood and largely benefit farmers and small exporters, the government's top economist said ... Read more...

Posted in Business |

Depreciating rupee boon for Indian manufacturing exporters


May 29th, 2012 - 4:05 pm ICT by IANS
New Delhi, May 29 (IANS) While the depreciating rupee is giving sleepless nights to many, it is a huge opportunity for India's manufacturing exporters as their goods are now cheaper ... Read more...

Posted in Business |

No witch hunt, take bold decisions: PM to bureaucrats (Lead)


April 21st, 2012 - 2:12 pm ICT by IANS
New Delhi, April 21 (IANS) Asking civil servants to take bold decisions, Prime Minister Manmohan Singh Saturday said the government would not indulge in "witch hunting" against them in ... Read more...

Posted in Politics |

Political slugfest over ‘no more reforms’ remark (Lead)


April 20th, 2012 - 9:14 pm ICT by IANS
New Delhi, April 20 (IANS) A political slugfest was sparked off Friday over chief economic advisor Kaushik Basu's reported remarks that major reforms were unlikely before the next general ... Read more...

Posted in Uncategorized |

Comment on reforms not linked to 2014 election: Kaushik Basu


April 20th, 2012 - 9:08 pm ICT by IANS
New Delhi, April 20 (IANS) Government's chief economic advisor Kaushik Basu Friday clarified that his comments on economic reforms getting a push after 2014 was not linked to India's ... Read more...

Posted in Business |

Kaushik’s remark triggers political slugfest (Lead)


April 20th, 2012 - 8:01 pm ICT by IANS
New Delhi, April 20 (IANS) Finance ministry chief economic advisor Kaushik Basu's remarks that major reforms were unlikely before the next general elections kicked off a slugfest between the ... Read more...

Posted in Politics |

Government has decided on no more reforms: BJP


April 20th, 2012 - 3:11 pm ICT by IANS
New Delhi, April 20 (IANS) The opposition Bharatiya Janata Party (BJP) Friday said the government seems to have decided against any more reforms as the prime minister's economic advisor ... Read more...

Posted in Business |

‘India will grow at 7.6 percent, to play active global role’ (Roundup)


March 15th, 2012 - 7:43 pm ICT by IANS
New Delhi, March 15 (IANS) India's economic growth will rebound to 7.6 percent in 2012-13 on the back of softening inflation and better industrial production, enabling it to play ... Read more...

Posted in Business |

Food inflation may soon drop below 3 percent, says Kaushik Basu


December 14th, 2011 - 4:10 pm ICT by IANS
New Delhi, Dec 14 (IANS) With food inflation showing a continuous decline in the past few weeks, Chief Economic Advisor to the Finance Ministry, Kaushik Basu Wednesday said it ... Read more...

Posted in Business |

Eurozone poses fresh tension to global economy: Basu


November 5th, 2011 - 12:34 am ICT by IANS
Kolkata, Nov 4 (IANS) Terming Europe as the "trouble zone", the union finance ministry's Chief Economic Advisor Kaushik Basu Friday said the region creates a tension to the world economy."Some ... Read more...

Posted in Business |

Multi-product retail will improve supply chain: Economic advisor


November 4th, 2011 - 11:43 pm ICT by IANS
Kolkata, Nov 4 (IANS) The Indian government's Chief Economic Advisor Kaushik Basu Friday batted for allowing big multi-product retail companies to enter India's market to improve the supply chain to ... Read more...

Posted in Business |

Food inflation to dip from December-end: Economic advisor


November 4th, 2011 - 10:28 pm ICT by IANS
Kolkata, Nov 4 (IANS) Conceding that the current high inflation is "very painful", the government's Chief Economic Advisor Kaushik Basu Friday said the double-digit food inflation will show a steady ... Read more...

Posted in Business |

Prime Minister meets top officials on curbing inflation


October 15th, 2011 - 7:51 pm ICT by IANS
New Delhi, Oct 15 (IANS) Prime Minister Manmohan Singh Saturday met top policymakers seeking ways to curb inflation which has been hovering close to double-digits for almost 9 ... Read more...

Posted in Business |

To tackle inflation, Reserve Bank expected to hike rates


September 15th, 2011 - 6:49 pm ICT by IANS
Mumbai, Sep 15 (IANS) The Reserve Bank of India (RBI) is widely expected to hike interest rates for the 12th time since January last year when it meets Friday, as ... Read more...

Posted in Business |

Inter-ministerial group discusses inflation


September 2nd, 2011 - 9:44 pm ICT by IANS
New Delhi, Sep 2 (IANS) An inter-ministerial group headed by the finance minister's chief economic advisor Kaushik Basu held its meeting Friday to review the situation of inflation, which ... 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 |

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...

Posted in Uncategorized |

‘Decision on foreign equity in multi-brand retail in six months’


June 3rd, 2011 - 5:20 pm ICT by IANS
New Delhi, June 3 (IANS) India's Chief Economic Advisor Kaushik Basu feels the cabinet will take a decision within six months on allowing foreign investment in multi-brand retail trade ... Read more...

Posted in Business |

CPI-M opposes move to allow FDI in multi-brand retail


May 28th, 2011 - 10:01 pm ICT by IANS
New Delhi, May 28 (IANS) The Communist Party of India-Marxist (CPI-M) Saturday strongly opposed any move to allow foreign direct investment (FDI) in multi-brand retail in view of the recommendation ... Read more...

Posted in Politics |

Deregulate diesel prices: Chief economic advisor


April 8th, 2011 - 3:02 pm ICT by IANS
Kolkata, April 8 (IANS) Chief Economic Advisor Kaushik Basu has advocated the deregulation of diesel prices as this would bring down inflation in the long run."I personally believe that ... Read more...

Posted in Business |

Below 7 percent inflation forecast in April


April 8th, 2011 - 1:42 pm ICT by IANS
Kolkata, April 8 (IANS) Chief Economic Advisor Kaushik Basu has forecast a below seven percent overall inflation for India in April and said the figure will go down to five ... Read more...

Posted in Business |

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 |

PM-led meet on price rise ends inconclusively (Second Lead)


January 11th, 2011 - 3:16 pm ICT by IANS
New Delhi, Jan 11 (IANS) A meeting Prime Minister Manmohan Singh held with senior cabinet ministers and officials Tuesday, to discuss measures to check rising food prices, ended inconclusively.According to a ... Read more...

Posted in Business |

Manmohan Singh to preside over meet on inflation


January 11th, 2011 - 11:41 am ICT by ANI
New Delhi, Jan 11 (ANI): The Prime Minister, Dr. Manmohan Singh, will on Tuesday preside over a meeting to tackle spiralling food prices and review food inflation, which has gone past ... Read more...

Posted in National |

Sensex snaps 3-week losing streak, gains 830 points (Weekly Market Review)


December 4th, 2010 - 5:10 pm ICT by IANS
Mumbai, Dec 4 (IANS) A benchmark index of Indian equities markets gained 830 points this week, snapping three-week of losing streak, on the back of better than expected economic growth data ... Read more...

Posted in Business |

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