purchasing power

Be ready for future challenges, Kalam tells IIT graduates


May 25th, 2012 - 7:40 pm ICT by IANS
Guwahati, May 25 (IANS) Former president APJ Abdul Kalam Friday appealed to the graduates of the Indian Institute of Technology Guwahati (IITG) to get themselves ready for future challenges so ... Read more...

Posted in Uncategorized |

Italy’s GDP to drop in 2012


May 23rd, 2012 - 1:09 pm ICT by IANS
Rome, May 23 (IANS) An Italian national statistics agency has forecast that Italy's GDP would fall by 1.5 percent this year but would slightly rise by 0.5 percent in 2013.Italy's ... Read more...

Posted in Business |

‘2.7 bn consumers in developing countries dairy industry’s next big opportunity’


May 7th, 2012 - 7:38 pm ICT by IANS
New Delhi, May 7 (IANS) With 50 percent of them living in India and China, 2.7 billion low-income consumers in developing countries are the dairy industry's next big growth opportunity ... Read more...

Posted in Business |

Thousands protest austerity plan in France


May 1st, 2012 - 11:54 pm ICT by IANS
Paris, May 1 (IANS) Thousands of people marched through the main cities of France Tuesday to express their opposition to the government's austerity plan.Trade unions, left political activists and others ... Read more...

Posted in Politics |

Subway targets to have 1,000 outlets in India by 2015


May 1st, 2012 - 9:07 pm ICT by IANS
New Delhi, May 1 (IANS) Restaurant chain Subway Tuesday said it is targeting to raise the number of its outlets in India from the existing 263 to 1,000 by 2015 ... Read more...

Posted in Business |

Mukherjee allays US fears, says India good for investment


April 21st, 2012 - 11:41 am ICT by IANS
Washington, April 21 (IANS) Allaying a "misapprehension" about some retroactive changes in Indian tax laws, Finance Minister Pranab Mukherjee has assured corporate America that India was a good ... Read more...

Posted in Business |

Increasing opportunities for women-led businesses in India


March 11th, 2012 - 3:45 pm ICT by IANS
Washington, March 11 (IANS) An American organization that connects women-run businesses to multinational corporations around the world plans to help women business owners in India to sell their solutions, create ... Read more...

Posted in Business |

China works on new consumption-stimulating policies


March 2nd, 2012 - 3:33 pm ICT by IANS
Beijing, March 2 (IANS) Chinese authorities are drafting new policies to spur domestic consumption, an official said Friday. Former assistant minister of commerce Huang Hai didn't reveal any detailed policies, ... Read more...

Posted in Uncategorized |

Delhi’s monthly per capita expenditure zooms


February 16th, 2012 - 8:41 pm ICT by IANS
New Delhi, Feb 16 (IANS) The monthly per capita expenditure of Delhites rose 39.79 percent in 2010 to Rs.2,905, the highest in India, signifying the rising purchasing power in the ... Read more...

Posted in Business |

Spain’s PM-elect vows to slash deficit, boost pensions


December 20th, 2011 - 3:12 pm ICT by IANS
Madrid, Dec 20 (IANS/EFE) Spanish Prime Minister-elect Mariano Rajoy Monday unveiled the general policies of his government, including reducing the public deficit by 16.5 billion euros ($21.4 billion) in 2012 ... Read more...

Posted in Politics |

New Zealand’s terms of trade dip after 37-year high


December 1st, 2011 - 4:14 pm ICT by IANS
Wellington, Dec 1 (IANS) New Zealand's terms of trade, the purchasing power of its exports against the value of imports, fell in the September quarter after hitting a 37-year high ... Read more...

Posted in Business |

Smoking habit to cost dearly in Indonesia


November 24th, 2011 - 12:57 pm ICT by IANS
Jakarta, Nov 24 (IANS) Come 2012 and smokers in Indonesia will feel a big pinch in their pocket as they will have to cough up more money to buy cigarettes.The ... Read more...

Posted in Health |

Venezuela freezes prices of 18 products


November 23rd, 2011 - 12:18 pm ICT by IANS
Caracas, Nov 23 (IANS/EFE) The Venezuelan government ordered a freeze on the prices of 18 products under the new Fair Price Law, with which Caracas intends to take one more ... Read more...

Posted in Business |

Changing food habits causing inflation: Thomas


October 28th, 2011 - 5:06 pm ICT by IANS
New Delhi, Oct 28 (IANS) Changing food habits and increased purchasing power were causing high food inflation in the country, a minister said Friday."Food habits of people are changing. Their ... Read more...

Posted in Business |

Gold prices reach a record high of $1,900


August 23rd, 2011 - 7:32 pm ICT by Aishwarya Bhatt
New York, Aug 23 (THAINDIAN NEWS) The price of Gold reached a new record high when the price of the precious metal hit the $1,910 mark. Analysts say the surge in the ... Read more...

Posted in Business |

Designers tap small towns with big aspirations (Feature)


August 21st, 2011 - 2:15 pm ICT by IANS
Mumbai, Aug 21 (IANS) Small towns? Indian fashion designers say it's a sleeping giant of a market that is slowly waking up.Two- and three-tier cities have spelt huge potential business ... Read more...

Posted in Business |

Inflation mars Eid shopping in Pakistan


August 16th, 2011 - 11:05 am ICT by IANS
Islamabad, Aug 16 (IANS) Escalated prices have dampened the spirit of the Pakistani people,and Eid shopping has failed to gain momentum across the country.A dull and slow shopping trend is ... Read more...

Posted in South Asia |

Gems, jewellery sector turnover to double by 2015: Assocham


July 22nd, 2011 - 12:32 am ICT by IANS
Ahmedabad, July 21 (IANS) The gems and jewellery industry in India is expected to record a turnover of Rs.2.13 lakh crore by 2015, the Associated Chambers of Commerce and Industry ... Read more...

Posted in Business |

No going slow on rural job programme: Jairam Ramesh


July 19th, 2011 - 11:56 pm ICT by IANS
New Delhi, July 19 (IANS) Rural Development Minister Jairam Ramesh said Tuesday there was no question of going slow on the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) ... Read more...

Posted in Uncategorized |

Rich keep getting richer in US


July 6th, 2011 - 11:58 am ICT by IANS
Washington, July 6 (IANS/EFE) The White House proposal to curb tax deductions that benefit firms and high-income individuals as part of the deficit-reduction negotiations that are continuing Tuesday have ... Read more...

Posted in Business |

Pakistan seeks to buy power from Iran


June 13th, 2011 - 5:52 pm ICT by IANS
Islamabad, June 13 (IANS) Reeling under an acute power shortage, Pakistan intends to buy more elecctricity from neighbouring Iran to supply coastal areas in Balochistan - where its new deep ... Read more...

Posted in South Asia |

One in four Italians face poverty due to recession


May 24th, 2011 - 11:37 am ICT by IANS
Rome, May 24 (IANS/AKI) One in four Italians currently face poverty as a result of the global financial crisis and their country's chronically low growth, the national statistics institute Isat ... Read more...

Posted in Business |

Pakistan proposes uninterrupted power at higher tariff


May 16th, 2011 - 1:59 pm ICT by IANS
Islamabad, May 16 (IANS) Pakistanis can now have uninterrupted electricity supply -- but for a price.Authorities have hit upon a novel idea to provide uninterrupted power supply to consumers who ... Read more...

Posted in Business |

China’s economy to surpass that of US by 2016: IMF


April 26th, 2011 - 12:27 pm ICT by IANS
Beijing, April 26 (IANS) The Chinese economy will surpass that of the US by 2016, the International Monetary Fund (IMF) has predicted.According to the IMF's forecast, based on "purchasing power ... Read more...

Posted in World |

How was BPL percentage calculated, asks Supreme Court (Lead)


April 20th, 2011 - 9:52 pm ICT by IANS
New Delhi, April 20 (IANS) The Supreme Court Wednesday slammed the Planning Commission, asking it to explain how the percentage of people below poverty line (BPL) was fixed at 36 ... Read more...

Posted in Business |

How was BPL percentage calculated, asks Supreme Court


April 20th, 2011 - 1:42 pm ICT by IANS
New Delhi, April 20 (IANS) The Supreme Court Wednesday slammed the Planning Commission, asking its Deputy Chairman Montek Singh Ahluwalia to explain how was the percentage of people living below ... Read more...

Posted in Business |

Continental Group to buy Modi Tyres


April 18th, 2011 - 1:36 pm ICT by IANS
Mumbai, April 18 (IANS) The world's fourth largest tyre company, Germany based Continental Group, has signed an agreement to buy the tyre unit of Modi Rubber."The company has signed agreements ... Read more...

Posted in Business |

Karnataka mulls mandatory use of CFL bulbs


February 28th, 2011 - 7:59 pm ICT by IANS
Bangalore, Feb 28 (IANS) Use of compact fluorescent lamp (CFL) bulbs in all households in Karnataka may be made mandatory as part of measures to reduce power consumption, state energy minister Shobha ... Read more...

Posted in Environment |

Survey gung-ho on growth, but predicts higher inflation (Lead)


February 25th, 2011 - 4:56 pm ICT by IANS
New Delhi, Feb 25 (IANS) India's Economic Survey for 2010-11 has predicted 8.6 percent growth for the current fiscal and gross domestic product (GDP) touching the 9 percent mark in 2011-12. ... Read more...

Posted in Business |

Over-50s travel more than younger sightseers


February 18th, 2011 - 5:12 pm ICT by ANI
London, Feb 18 (ANI): A new UK survey has suggested holidaymakers over the age of 50 now account for more than half the money spent on trips abroad.The survey of 2000 adults ... Read more...

Posted in World |

Pakistanis increasingly going hungry: Pakistani daily


January 28th, 2011 - 2:39 pm ICT by IANS
Islamabad, Jan 28 (IANS) Pakistanis are "increasingly going hungry", a leading Pakistani daily Friday said adding that it was shocking that the malnutrition levels in Sindh province have been "likened to those ... Read more...

Posted in South Asia |

How mainstream media undermines US women in influential positions


January 27th, 2011 - 6:46 pm ICT by ANI
Washington, Jan 27 (ANI): A documentary titled 'Missrepresentation' has been released, which explores how mainstream media undermines American women in influential positions.Lieutenant Governor of California Gavin Newsom's wife Jennifer Siebel Newsom ... Read more...

Posted in World |

Chinese citizens spent $48 billion overseas in 2010


January 11th, 2011 - 5:22 pm ICT by ANI
Beijing, Jan 11 (ANI): Wealthy Chinese citizens were estimated to have spent 48 billion dollars abroad in 2010, a research group said.Xinhua quoted the China Tourism Academy as saying in its annual ... Read more...

Posted in World |

Petroleum price hike a death blow, says Pakistani daily


November 2nd, 2010 - 2:33 pm ICT by IANS
Islamabad, Nov 2 (IANS) The steep hike in prices of petroleum products will be "a death blow to most middle-income people", a Pakistani daily said in an editorial.The editorial Tuesday in the ... Read more...

Posted in South Asia |

US economic experts bat for UNSC seat for India


October 30th, 2010 - 10:43 am ICT by IANS
By Arun Kumar Washington, Oct 30 (IANS) As President Barack Obama travels to India next week, two leading economists have strongly backed India's case for a permanent seat of the UN Security ... Read more...

Posted in Business |

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