ECONOMY


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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MDT/PTI 05 December 2012
The transaction is the single largest Exim Bank has ever authorised for RIL and it includes extending a $1.06 billion direct loan and similar amount to guarantee JPMorgan Chase loan to Reliance's Jamnagar facility   Washington: The Export-Import Bank of the United States (Exim Bank)...

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Moneylife Digital Team 04 December 2012
Mutual Fund managers have a positive outlook towards equity market in the short-term and expect earnings growth to improve next year   Even though half the mutual fund mangers feel that the equity markets are undervalued and the remaining feel that the market is fairly valued, more...

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Moneylife Digital Team 03 December 2012
RBI has become more mindful of growth risks and it is unlikely to shift from its anti-inflationary stance till inflation peaks out, says a Kotak Economic Research report Despite slowing further to 5.3% in 2QFY13 from 5.5% the previous quarter, economic activity is stabilizing at...

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Moneylife Digital Team 30 November 2012
Structural reforms and the re-establishment of fiscal discipline are needed for the economy to return to over 7% GDP growth rates, says BNP Paribas Asian Instant Insight Indian GDP (gross domestic product) growth nudged down to 5.3% y-o-y (year-on-year) in Q2 FY2013 from 5.5% previously....

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MDT/PTI 30 November 2012
The economic growth in the first six months of FY13 is 5.4%, lower than 7.3% growth registered in same period a year ago New Delhi: The Indian economy grew by 5.3% during July-September the current financial year (2012-13), pulled down by poor performance of manufacturing and agriculture...

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MDT/PTI 28 November 2012
The move may also help balance trade imbalances as gold import has been jacking up trade deficit which in turn increases current account deficit Mumbai: The Reserve Bank of India (RBI) is in talks with the Finance Ministry for launching inflation-indexed bonds, which can help reduce...

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Moneylife Digital Team 27 November 2012
Revenues of companies have slowed down on the back of lower volumes. Persistent pressure on nominal sales growth suggests that economic slowdown has not bottomed out yet, according to a recent report by Nomura   India’s economic growth is likely be around 5.5% in the quarter ended in...

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MDT/PTI 26 November 2012
While global gold output has stayed stable at around 4,000 tonne per year, the domestic consumption of the yellow metal has doubled to 1,000 tonne annually since 1999, despite a massive rally in the prices, which is compounding the troubles for the central bank   Pune: Reserve Bank of...

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