ECONOMY


It has been more than two-and-half years when the budget made a noise about infrastructure debt funds (IDFs). The Cabinet on 4th October finalised the tripartite agreement that will possibly pave the way for infrastructure debt funds (IDFs), but their acceptability by the capital market will...

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MDT/PTI 12 October 2012
Industrial output during April-August was 0.4%, down from 5.6% in the same period last year   New Delhi: India's industrial growth slowed to 2.7% in August due to poor show by the manufacturing sector and contraction in capital goods output, which may prompt the Reserve Bank of India...

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MDT/PTI 11 October 2012
While exports continue to decline for the fifth month by 11% to $23.7 billiion, imports in September rose 5% to $39.8 billion, resulting in a trade deficit of $18 billion   New Delhi: India's exports continued to decline for the fifth month, contracting 10.8% to $23.69 billion in...

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MDT/PTI 11 October 2012
World Bank said India's real GDP growth is likely to reach about 6% during 2012-13 as against estimate of 6.9% due to corruption scandals and uncertainty in policy issues in the country New Delhi: The World Bank has cut India's growth forecast for the current fiscal to 6%, from the...

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MDT/PTI 11 October 2012
SBI said the downgrading will have no impact on it as S&P has only brought the rating on par with the sovereign rating   Mumbai: Ratings agency Standard & Poor's (S&P) has downgraded credit ratings of State Bank of India (SBI) and Union Bank of India (UBI) by a notch, but both the...

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MDT/PTI 10 October 2012
According to the ratings agency, the negative outlook signals at least a one-in-three likelihood of a downgrade of the sovereign rating on India to 'junk' from 'negative' within the next 24 months   Mumbai: There is a "one in three" chance of a downgrade of India's sovereign rating to...

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Certainly, not the common man, unless it is accompanied by stringent regulations to protect the “aam aadmi” from exploitation The central government has proposed to enhance foreign direct investment (FDI) in insurance to 49% in its second wave of reforms announced recently. At present...

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FDI in retail will really benefit us, if it helps the farmers. Today, farmers are starved of infrastructure, logistics and investment. Even the investment schemes are hard to implement. A first-hand view of the reality on the ground Foreign Direct Investment (FDI) in retail has become a...

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MDT/PTI 09 October 2012
According to the Monetary Fund, compared with the region's growth performance in recent years, the near- and medium-term outlooks are also less buoyant Washington: The International Monetary Fund (IMF) has slashed India's growth forecast to 4.9% for 2012 due to low business confidence...

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Various government bodies have warned that India should urgently slash subsidies to curb a growing budget deficit. But, considering the diverse region-specific issues, it would be near impossible to find a common solution for the problem affecting almost half the population of the country

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MDT/PTI 08 October 2012
The Rs2,500-crore IPO of the state-run Rashtriya Ispat Nigam or RINL has been deferred twice since the filing of the draft documents with SEBI New Delhi: Indian government on Monday said it will kickstart its ambitious Rs30,000 crore disinvestment programme with stake sale in Rashtriya...

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MDT/PTI 08 October 2012
Without reforms, India risk a sharp and continuing slowdown of the economy which it cannot afford given the imperative need to generate jobs and incomes for a large population, most of whom are young, says the Finance Minister New Delhi: Cautioning that absence of economic reforms will...

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There is absolute lack of coordination between departments whose goal should be to ensure no impediments in much needed power project executions. Do we want power or let the country suffer silently? Power generating plants based on coal as the primary fuel source have a great number of...

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MDT/PTI 08 October 2012
Citing the success story of Varghese Kurien, who ushered in 'white revolution', the Textile minister wondered why the same cooperative model cannot be adopted for the handicrafts sector to empower people in the country   Chennai: Textile Minister Anand Sharma has strongly batted for...

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Moneylife Digital Team 06 October 2012
The outlook for capex, beyond FY13, seems to be even grimmer as projected capex spending is likely to decline to just 38% of FY12 levels, according to Nomura Equity Research based on RBI & CMIE data   Latest corporate capex data from the RBI (Reserve Bank of India) and CMIE (Centre...

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MDT/PTI 05 October 2012
Corporates feel that the forward looking measures would infuse the much-needed capital in the insurance and pension sectors   New Delhi: India Inc has termed government's second wave of reforms, including decisions to open the pension sector to foreign investment and raising the...

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Moneylife Digital Team 04 October 2012
In second wave of reforms decisions within a month, the Union cabinet cleared FDI in pension sector while hiking the FDI limit in insurance to 49% Unfazed by the uproar over decision on foreign direct investment (FDI) in retail, the Union Cabinet on Thursday announced some big-ticket...

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MDT/PTI 04 October 2012
Over 70% of the country's middle and lower income families will be forced to cut spendings on festival in order to meet their monthly expenses first    Mumbai: Almost 70% of the country's middle and lower income families will curtail their expenses during this festive season due to...

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MDT/PTI 03 October 2012
Middle class would be the main driver of the consumer boom in India and China and are expected to spend $64 billion on goods and services during 2010 to 2020 New Delhi: Consumers in India and neighbouring China are expected to spend nearly $10 trillion on goods and services a year by...

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Moneylife Digital Team 02 October 2012
Despite the recent policy measures, the current account deficit to GDP ratio will worsen to 4.1%, higher than the previous estimate of 3.6% by the year-end Will the improvement in balance of payments (BoP) in the first quarter of the fiscal sustain? Not quite, according a Kotak Bank...

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