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Government trying to protect Indian economy from global mess: PM


September 7th, 2012 - 6:33 pm ICT by IANS
New Delhi, Sep 7 (IANS) The Indian economy is passing through a difficult time but the government is trying to protect it from the global economic mess, Prime Minister ... Read more...

Posted in Business |

Quick decisions needed to boost investments: Chidambaram


August 31st, 2012 - 5:17 pm ICT by IANS
New Delhi, Aug 31 (IANS) Finance Minister P. Chidambaram Friday said quick decisions are needed to accelerate investments, especially in the manufacturing sector, a major drag on the country's ... Read more...

Posted in Business |

Indian economy grows at a sluggish 5.5 percent in Q1 (Lead)


August 31st, 2012 - 3:36 pm ICT by IANS
New Delhi, Aug 31 (IANS) The Indian economy grew at a sluggish 5.5 percent in the first quarter of this fiscal in comparison to 8 percent in the corresponding quarter ... Read more...

Posted in Business |

Indian economy’s growth slows to 5.5 percent in first quarter


August 31st, 2012 - 1:12 pm ICT by IANS
New Delhi, Aug 31 (IANS) The Indian economy grew at a much lower pace of 5.5 percent in the first quarter of this fiscal, as per official estimates of the ... Read more...

Posted in Uncategorized |

Sensex closes flat (Second Lead)


August 10th, 2012 - 5:33 pm ICT by IANS
Mumbai, Aug 10 (IANS) A benchmark index of Indian equities markets Friday closed flat amid high volatility.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened ... Read more...

Posted in Business |

Sensex flat; consumer durables, auto index down (Lead)


August 10th, 2012 - 4:47 pm ICT by IANS
Mumbai, Aug 10 (IANS) A benchmark index of Indian equities markets was ruling flat amid high volatility in late afternoon trade Friday.The 30-scrip sensitive index (Sensex) of the Bombay ... Read more...

Posted in Business |

SBI profit more than doubles to Rs.3,751.56 crore


August 10th, 2012 - 4:13 pm ICT by IANS
Mumbai, Aug 10 (IANS) The country's largest lender State Bank of India (SBI) Friday said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June ... Read more...

Posted in Business |

Egypt safe for tourists, says president


August 6th, 2012 - 9:58 pm ICT by IANS
Cairo, Aug 6 (IANS/RIA Novosti) Egypt remains a stable and safe destination for tourists despite the revolution in 2011 that ousted Hosni Mubarak, President Mohamed Morsi said Monday.Morsi was speaking ... Read more...

Posted in Uncategorized |

Now, workforce a major bottleneck for realty development (Comment)


August 5th, 2012 - 12:25 pm ICT by IANS
The Indian realty and construction sectors, which together contribute 17.5 percent to the country's gross domestic product (GDP) and growing at an enviable 35 percent per annum, now face a serious ... 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 economy to grow 6 to 6.5 percent in 2012-13: Montek


July 31st, 2012 - 3:39 pm ICT by IANS
New Delhi, July 31 (IANS) Indian economy is expected to grow by 6 to 6.5 percent in the current financial year and would take at least two years to reverse ... Read more...

Posted in Business |

Spain’s unemployment rate edges up


July 28th, 2012 - 12:24 pm ICT by IANS
Madrid, July 28 (IANS/EFE) Spain's economic crisis continued to take its toll on employment in the second quarter, with the jobless rate edging up to 24.6 percent overall and more ... Read more...

Posted in Business |

South Korea’s central bank cuts 2012 growth outlook


July 13th, 2012 - 2:17 pm ICT by IANS
Seoul, July 13 (IANS) The Bank of Korea (BOK), South Korea's central bank, Friday cut its 2012 economic growth outlook for the country to 3 percent from an earlier estimate ... Read more...

Posted in Business |

India keen to invest in Ghana’s oil industry (Lead)


July 10th, 2012 - 7:45 pm ICT by IANS
Accra, July 10 (IANS) India is seeking to invest in Ghana'soil and gas sector and double trade with West Africa to $40 billion by 2015 as part of its growing efforts ... Read more...

Posted in Business |

Brazil’s GDP growth forecast lowered


July 3rd, 2012 - 2:18 pm ICT by IANS
Brasilia, July 3 (IANS) For the eighth consecutive week, Brazil's financial market decreased its projected growth figure for this year's gross domestic product (GDP) from 2.18 to 2.05 percent, according ... Read more...

Posted in Business |

Interest rate not main reason for growth slowdown: RBI


June 8th, 2012 - 4:23 pm ICT by IANS
Mumbai, June 8 (IANS) High interest rate is not the main reason for the slowdown in economic growth that slumped to a nine-year low of 5.3 percent in the quarter ... 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 |

‘Opposition making petrol price hike a political issue’ (Lead)


May 31st, 2012 - 7:33 pm ICT by IANS
New Delhi, May 31 (IANS) The Congress-led United Progressive Alliance government Thursday slammed opposition parties for the nationwide shutdown over the recent petrol price hike and said they should ... Read more...

Posted in Business |

Direct taxes should be 12 percent of GDP: Mukherjee


May 27th, 2012 - 4:00 pm ICT by IANS
Kolkata, May 27 (IANS) Finance Minister Pranab Mukherjee Sunday said the share of direct tax revenue should be 12 percent of the country's gross domestic product (GDP)."Direct taxes, being ... Read more...

Posted in Business |

SBI annual net profit surges nearly 42 percent (Lead)


May 18th, 2012 - 9:44 pm ICT by IANS
Kolkata/Mumbai, May 18 (IANS) India's biggest lender, the State Bank of India (SBI), Friday reported a 41.66 percent rise in net profit year-on-year to Rs.11,707 crore in 2011-12 fiscal ... Read more...

Posted in Business |

SBI quarterly profit soars to Rs.4,050 crore


May 18th, 2012 - 4:36 pm ICT by IANS
Mumbai, May 18 (IANS) The country's largest lender State Bank of India (SBI) Friday reported a massive hike in net profit at Rs.4,050 crore for the quarter ended March ... Read more...

Posted in Uncategorized |

India to cut subsidies to 1.75 percent of GDP in 3 years: Mukherjee


May 5th, 2012 - 8:21 pm ICT by IANS
Manila, May 5 (IANS) The Indian government is committed to bringing down subsidies to below two percent of the country's gross domestic product (GDP) in the current fiscal ... Read more...

Posted in Business |

Why no social security for unorganised workers, NAC asks government


April 30th, 2012 - 2:56 pm ICT by IANS
New Delhi, April 30 (IANS) The National Advisory Council (NAC) has pulled up the central government for failing to formulate a social security package for India's 430-million informal sector ... Read more...

Posted in Business |

Delhi’s per-capita income three times the national average


April 27th, 2012 - 11:55 pm ICT by IANS
New Delhi, April 27 (IANS) The average income of Delhiites is expected to be Rs.1.75 lakh for the year 2011-12, almost 3 times the national average of around Rs.60,000, according ... Read more...

Posted in Business |

Remittances to India rose to $64 billion in 2011: World Bank


April 27th, 2012 - 8:42 pm ICT by IANS
New Delhi, April 27 (IANS) India remains the top recipient of money from diaspora as total remittance flow to the country is estimated to reach $64 billion in 2011, almost ... Read more...

Posted in Uncategorized |

India seeks quick ratification of quota reforms


April 22nd, 2012 - 11:53 pm ICT by IANS
Washington, April 22 (IANS) Indian Finance Minister Pranab Mukherjee has urged lagging International Monetary Fund (IMF) members to move quickly to ratify quota and governance reforms that would give ... Read more...

Posted in World |

China’s economy to grow 8.2 percent in 2012: WB (Lead)


April 12th, 2012 - 1:56 pm ICT by IANS
Beijing, April 12 (IANS) China's economy is expected to expand at 8.2 percent in 2012 and 8.6 percent in 2013 as domestic demand will continue to boost the world's second-largest ... Read more...

Posted in Business |

ADB sees Indian economy growing at 7 percent


April 11th, 2012 - 7:38 pm ICT by IANS
New Delhi, April 11 (IANS) India's economic growth is likely to rise marginally to 7 percent this fiscal from 6.9 logged in 2011-12 as global conditions stabilise, the Asian Development ... Read more...

Posted in Business |

China’s Wujiang city invites Indian investment


April 11th, 2012 - 1:14 pm ICT by IANS
Chennai, April 11 (IANS) Termed Venice of the East for its intra-city waterways, China's Wujiang city is inviting Indian investment in information technology (IT), bio-technology, new materials, solar power and ... Read more...

Posted in Business |

Cut cost of credit to boost exports: CII


April 1st, 2012 - 5:54 pm ICT by IANS
New Delhi, April 1 (IANS) India needs to reduce the cost of credit and address infrastructure bottlenecks to revive the growth in exports, an industry lobby said Sunday ahead of ... Read more...

Posted in Business |

India’s external debt rises to $335 billion


March 30th, 2012 - 6:50 pm ICT by IANS
New Delhi, March 30 (IANS) India's external debt rose to $334.9 billion at December-end 2011, an increase of 9.4 percent in the first nine months of the current financial year, ... Read more...

Posted in Business |

Union budget: Growth, fiscal consolidation top challenges


March 15th, 2012 - 9:36 pm ICT by IANS
New Delhi, March 15 (IANS) Finance Minister Pranab Mukherjee will present the budget for 2012-13 Friday against the backdrop of a sharp slowdown in growth, deteriorating fiscal conditions, continuing ... 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 |

Survey pegs India’s growth at 7.6 percent next fiscal


March 15th, 2012 - 1:56 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday projected a 7.6 percent growth for the next fiscal beginning ... Read more...

Posted in Business |

Government subsidy burden at 10-year high


March 6th, 2012 - 6:15 pm ICT by IANS
New Delhi, March 6 (IANS) The Indian government's subsidy burden is expected to reach 2.5 percent of the country's gross domestic product (GDP) for the fiscal ending March 31, the ... Read more...

Posted in Business |

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