ECONOMY


MDT/PTI 10 January 2013
“Domestic diesel prices are not in tune with the international prices of crude,” chairman of the Prime Minister's Economic Advisory Council C Rangarajan said Kolkata: The government will have to take action to correct the prices of diesel as its consumption is on the rise, reports PTI...

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MDT/PTI 10 January 2013
The aggregate net profit margin of the corporate sector was impacted by “poor performance of smaller companies,”  an RBI analysis of data said Mumbai: Smaller companies are mainly bearing the brunt of economic slowdown, having recorded overall losses in the first half of the current...

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MDT/PTI 09 January 2013
The finance ministry said it is moving on the right track and is confident of restricting fiscal deficit to 5.3% of GDP this fiscal Mumbai: Rating agency Fitch warned of a downgrade in India’s sovereign rating in the next 12-24 months citing slowing GDP growth and weak public finances,...

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MDT/PTI 31 December 2012
Chidambaram clarified that subsidies would also be transferred to the beneficiaries' bank accounts if they do not have an Aadhaar number linked bank account   New Delhi: The Union Government will roll out its ambitious scheme of transferring cash to beneficiaries of select schemes in...

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MDT/PTI 31 December 2012
Fertiliser Ministry has not paid the subsidy bills of about Rs25,000 crore for phosphatic and potassic fertilisers like muriate of potash  and di-ammonium phosphate since July and for urea since August 2012 New Delhi: Faced with severe liquidity crunch, the Fertiliser Ministry has...

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MDT/PTI 28 December 2012
Moving away from the previous practice of presenting single growth projection, the Planning Commission has come out with three different economic scenarios for the 12th Five Year Plan New Delhi: India’s apex policy making body National Development Council (NDC) Thursday approved the...

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MDT/PTI 28 December 2012
The ‘request’ comes amid acute fuel shortages that are impacting the country’s power generation and many projects are running below their capacity New Delhi: Prime minister Manmohan Singh on Thursday asked the Planning Commission to make a quick review of fuel shortages faced by power...

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MDT/PTI 28 December 2012
The highest allocation of Rs6,841 crore has been made in the 12th Plan for the National Population Register, a comprehensive identity database of every usual resident in the country being prepared by the Indian government New Delhi: An outlay of Rs52,839 crore, which is 247% more than...

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MDT/PTI 27 December 2012
“Early implementation of the Goods and Services Tax is critical to increase the tax ratio as a percentage of GDP,” said the prime minister New Delhi: Seeking co-operation of the states to implement the GST regime, the prime minister said there is a need to increase the tax ratio as a...

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MDT/PTI 26 December 2012
As part of the OMOs, the RBI will purchase government securities maturing in 2017 with bearing interest rate of 8.07%, 2022 with interest rate of 8.15%, and 2027 with interest rate of 8.26%   Mumbai: The Reserve Bank of India (RBI) would pump in Rs8,000 crore in the market on 28th...

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If  we are really serious about generating adequate power and distributing it, the coal industry should be given the responsibility of appointing private contractors to lay the railway tracks, so as to establish the required connection from pithead to the main connecting line, from where it...

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MDT/PTI 18 December 2012
RBI said the biggest risk to the outlook stems from global politico-economic developments which could delay a resolute policy action Reserve Bank of India (RBI) on Tuesday kept the key interest rates unchanged but hinted easing of rates in January, saying with decline in inflation the...

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Moneylife Digital Team 17 December 2012
 Nomura expects a cumulative 50 basis points of repo rate cuts in H1 2013, starting with a 25bps move in January 2013 Headline WPI inflation fell to a lower-than-expected 7.24% y-o-y in November 2012 from 7.45% in October. The positive surprise came across the board, with a particularly...

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For taming inflation, long-term planning, regulatory support and c-oordinated efforts by the government, businesses and better consumer-awareness may have to get much more attention than they are getting now Many of us are averse to buying things which have no fixed price. Especially...

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MDT/PTI 14 December 2012
Vegetables prices decreased by 1.19% in November however, prices of potato, wheat, cereals, rice, pulses, edible oil and sugar went up New Delhi: Inflation declined to 7.24% in November mainly on account of lower prices of some vegetables, giving a cue to the Reserve Bank of India (RBI)...

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MDT/PTI 12 December 2012
IIP, soared to 16-month high of 8.2% in October on good performance of the manufacturing, power sector and higher output of capital as well as consumer goods, indicating sudden recovery in the economy New Delhi: Encouraged by the 8.2% growth in industrial output in October, Finance...

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MDT/PTI 11 December 2012
According to the ratings agency, withdrawal of an obstinate coalition partner and a flurry of pro-business reforms designed to lift Indian economy from its funk New Delhi: Withdrawal of support to government by an 'obstinate coalition partner' and flurry of reforms have improved India's...

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MDT/PTI 07 December 2012
During November, BluFin's Consumer Confidence Index grew by 3.4 points from the previous month to 41.6 points, the highest increase since October 2011, despite inflationary concerns New Delhi: Indian consumers' confidence level rose in November owing to increase in spending due to...

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MDT/PTI 07 December 2012
Citing steep moderation in growth and expressing optimism that inflation will cool off from the next quarter, the RBI governor said the central bank would take into account the growth-inflation trajectory and calibrate monetary policy accordingly Kolkata: Reserve Bank of India (RBI)...

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We continue to import a lot of rubbish that can be easily made in India and at comparatively competitive prices, employing millions of Indians and using our raw materials Indians woke up from their deep slumber on the morning of 20 October 1962, when Zhou En Lai, the then premier of...

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