ECONOMY


Moneylife Digital Team 12 March 2013
In urban areas, retail inflation rose to 10.73% in January from 10.42% in the previous month. The CPI for rural population increased to 10.88% during the month from 10.74% in December India’s retail inflation remained in double digits at 10.79% in January, displaying an upward trend for...

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Moneylife Digital Team 11 March 2013
Exporting sectors which performed well include engineering goods, textiles, rice, oil meals, pharmaceutical and chemicals India's exports rose by 4.25% to $26.26 billion in February, growing for the second month in a row. Exports in February 2012 touched $25.19 billion.   Imports...

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Moneylife Digital Team 09 March 2013
SEBI chairman UK Sinha informed the media that the finance minister has emphasised on the need for the regulator to be alert on various issues concerning the capital markets, including the technology related challenges   Finance minister P Chidambaram on Friday discussed with the...

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Moneylife Digital Team 08 March 2013
Moody’s said the pursuit of double-digit GDP growth three years ago “kept policy settings too loose for too long, causing the economy to overheat” and contributing to the current problems of inflation and the current account deficit Moody’s has raised concerns against targeting...

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Moneylife Digital Team 05 March 2013
The robust pace of growth in the services sector witnessed in January could not be sustained in February as there was a decline in new business orders India’s services sector witnessed “continued but slower” pace of expansion in February amid a decline in new business orders, an HSBC...

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Moneylife Digital Team 04 March 2013
The move comes against the backdrop of lower than budgeted collections of excise and customs duties Failure to pay excise duty and service tax could lead to arrest of defaulters, as per the provisions proposed in the Finance Bill 2013 by Finance Minister P Chidambaram in the Lok Sabha...

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Moneylife Digital Team 04 March 2013
Other ratings agencies such as Standard and Poor’s and Fitch, which had threatened to downgrade India’s sovereign credit rating, also are likely to come out with fresh assessment in the backdrop of the Budget proposals Global ratings agency Moody's Investor Services today applauded...

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It is evident that the otherwise fast growing state of Bihar lags far behind in many of the critical human development indicators. The benefit of the base effect is giving a high growth rate to the state. What is important is that the focus of the state policy needs to shift to human...

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Nidhi Jain  and   Vinita Nair 04 March 2013
The better rating of Infra companies through credit enhancement will ensure participation of insurance funds and pension funds in providing cost-effective infra funding. The balance sheet of banks loaded with long term infra loans will be off-loaded with the help of take-out finance The...

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Moneylife Digital Team 01 March 2013
Finance Minister P Chidambaram promised to keep his budget speech short and did it, but as in the past, a detailed reading by experts has thrown up many twists in the tale that need careful analysis The base income-tax brackets for the assessment year (AY) 2014-15 for individuals, Hindu...

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While our government’s tax rates are as per developed country standards, India’s accountability for the way money is spent are as per third world standards An average Indian travelling home by Indian Railways has to shell out money even for basics like drinking water en route and...

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Moneylife Digital Team 01 March 2013
The volume of incoming new work at manufacturing firms in India rose during February with around 29% of monitored companies reporting higher levels of new orders and just 14% noting a decline The growth of India’s manufacturing sector increased in February supported by strong growth in...

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The Economic Survey of 2012-13 tabled in Parliament on Wednesday has predicted a growth rate of 6.1%-6.7% for the next fiscal   India’s economic growth in the October-December period of the current financial year declined to 4.5% —the decade’s lowest quarterly growth. Growth in the...

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Moneylife Digital Team 28 February 2013
Further developments in India's economic growth prospects, its external position, fiscal reforms including subsidies and GST, and political climate will determine the medium-term trajectory of the sovereign ratings on India, the ratings agency said   Global ratings agency Standard &...

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Moneylife Digital Team 28 February 2013
To meet the projected 5.3% fiscal deficit, North Block has forced other ministries to cut down their planned expenditure by around 10% on an average. So far this fiscal, the government has spent only 96% of its budgeted expenditure The Reserve Bank of India said the government’s cash...

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Moneylife Digital Team 28 February 2013
The low growth in January was on account of negative growth in the production of crude oil, natural gas, fertiliser and cement, government data showed The eight core sector industries grew by 3.9% in January this year, up from 2.2% in the same month in 2012. The growth of eight core...

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Moneylife Digital Team 28 February 2013
Key Features of Budget 2013-2014   DIRECT TAXES • Little room to give away tax revenues or raise tax rates in a constrained economy. • No case to revise either the slabs or the rates of Personal Income Tax. Even a moderate increase in the threshold exemption will...

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Moneylife Digital Team 27 February 2013
The Survey calls for widening of the tax base and prioritisation of expenditures. It also recommends increasing diesel and LPG prices, in line with prevailing international prices. It looks as if Chidambaram would present a fiscally prudent Budget tomorrow, says Nomura The Economic...

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Moneylife Digital Team 26 February 2013
One of the key indicators of prosperity—salary—indicates that the future is not all that bright and it could get worse. Nomura thinks GDP will not pick up anytime soon Salary is one of the important yet often ignored economic growth indicator. It is believed, according to Nomura, that...

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Moneylife Digital Team 25 February 2013
Even if an imminent recovery in project planning were to happen, it would still imply that the investment cycle would likely bottom out in about two years, says Nomura. After examining a raft of real data across sectors —deseasonalised in many cases to gauge the momentum—it is evident...

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