ECONOMY


MDT/PTI 26 November 2012
According to the Confederation of All India Traders, the union government's notification on FDI in multi-brand retail will be valid only if amendments made by the RBI in FEMA rules   New Delhi: The foreign direct investment (FDI) notification on multi- brand retail by the government...

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Moneylife Digital Team 22 November 2012
The Indian economy’s woes with respect to exports appear to be the twin problems of low savings—caused by reckless fiscal policy—and some evidence on falling export competitiveness, says Espirito Santo Securities India is suffering from a serious current account deficit which appears to...

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MDT/PTI 22 November 2012
Parliamentary Affairs Minister Kamal Nath has convened a meeting of all party leaders of both Houses of Parliament on Monday to discuss FDI in retail   New Delhi: With major Opposition parties like Bharatiya Janata Party (BJP) and the Left demanding discussion on foreign direct...

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MDT/PTI 22 November 2012
The reforms proposed by the Indian government may help it reduce key risks facing the economy but cannot lift the country's near-term outlook, the ratings agency says   New Delhi: Rating agency Moody's on Thursday said Indian economy is expected to have grown by little more than 5.5%...

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MDT/PTI 21 November 2012
If the government borrows and consumes that money, the pressure of spending is on us and the pain of repayment of that loan is on our children's generation says the RBI governor Mumbai: Highlighting the need for government spending on productive purposes, Reserve Bank of India (RBI)...

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MDT/PTI 20 November 2012
RBI says its policy on intervention not only aims at quelling the excessive volatility, but also attempts to moderate speculative one-way downward movement of the rupee   Mumbai: Reserve Bank of India (RBI) will intervene in the forex market only to curb excessive volatility in...

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MDT/PTI 19 November 2012
According to BofA-ML, the Indian rupee will remain volatile till RBI recoups the forex reserves of $65 billion, including the forwards which it had sold since the 2008 global credit crisis   Mumbai: Leading brokerage Bank of America- Merrill Lynch (BofA-ML) has said that the Reserve...

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Moneylife Digital Team 15 November 2012
India’s macro-economic data, just released, suggests that the economy is facing severe supply-side constraints, which is leading to the odd combination of weak domestic output, high and sticky inflation and a widening trade deficit, says Nomura   Economic data, released on Monday,...

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MDT/PTI 12 November 2012
India's IIP contracted by 0.4% in September due dismal show by manufacturing sector and decline in consumer as well as capital goods output   New Delhi: Indicating persistent sluggishness in the economy, India's industrial production contracted by 0.4% in September due dismal show by...

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MDT/PTI 12 November 2012
Sugar prices rose 20%, while edible oil and pulses prices went up by 18% and 15% during October thus driving the inflation close to double digit mark   New Delhi: Driven by rising prices of food items such as sugar, pulses and vegetables as well as clothing, retail inflation moved...

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MDT/PTI 07 November 2012
To offset the impact of high import costs, the Planning Commission had said that Coal India should adopt a pooling formula on prices by combining rates of imported and domestic coal New Delhi: Planning Commission deputy chairman Montek Singh Ahluwalia said the price-pooling mechanism...

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MDT/PTI 07 November 2012
“The Cabinet has approved an expenditure of $1 trillion in the next five years on infrastructure development and 40% would come from private sector,” Kamal Nath, Union minister for urban development and parliamentary affairs told reporters   London: India will spend $1 trillion on...

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Moneylife Digital Team 05 November 2012
Demand remains subdued and supply-side bottlenecks, especially power shortages, remains a constraint, says Nomura Economics Research Nomura Economics Research has observed the following trends in inflation, growth recovery and government spending based on activity, survey and fiscal...

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MDT/PTI 01 November 2012
Inflation as measured by all indices has remained elevated and Wholesale Price Index-based inflation has remained above the RBI’s comfort zone of 5% to 5.5% for past 34 months now   New Delhi: India’s manufacturing sector inched up in October 2012, driven by new orders, but persistent...

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In September, the government announced a flurry of economic reforms to lift the economy from a deep slump and boost the image of a scandal-hit government. What do these reforms really mean? Who wins and who loses? Debashis Basu & Jason Monteiro analyse Everything has gone wrong for this...

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Moneylife Digital Team 31 October 2012
“Policy easing to be limited to about 50-75 bps in 2013,” says Morgan Stanley Research     Given the central bank’s guidance for monetary policy stance, Morgan Stanley in its research report said “We believe that policy rates would be on hold until the end of 2012 with easing to begin...

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MDT/PTI 30 October 2012
According to the AEC chairman, the operation of unit-1 at Kudankulam is expected to commence shortly while commissioning of the second unit is expected to follow early next year New Delhi: The much-delayed Kudankulam nuclear power project is expected to become operational shortly,...

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Moneylife Digital Team 30 October 2012
The 25 basis points cut in CRR would infuse Rs17,500 crore in the financial system, thus allowing banks to reduce interest rates on loans to attract borrowers   The Reserve Bank of India (RBI), in its second quarter monetary policy review, has the cut cash reserve ratio CRR—the amount...

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MDT/PTI 29 October 2012
According to the central bank, monetary policy needs to be cautious in the interim, focusing on inflation while using the available space to support growth to the degree it can Mumbai: Indicating that a cut in interest rate is likely, the Reserve Bank of India (RBI) has said despite...

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Moneylife Digital Team 29 October 2012
The measures announced by the government will be insufficient to contain the fiscal deficit at 5.3% of GDP in FY13 due to higher subsidies and lower tax revenues, says Nomura Economics Research   The fiscal and current account deficit of India have been getting out of hand. As a...

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