ECONOMY


Rising inflation and fuel prices, which are a direct hit on the wallet, combined with a comparatively low GDP and fall of the rupee have taken a toll on consumer confidence Mumbai: Consumer confidence in India declined for the first time in nine quarters due to a fall in employment...

Read More



The multilateral lending agency said the cut was the steepest for any nation in view of the deteriorating global situation Washington: The International Monetary Fund (IMF) has lowered India’s growth forecast by 0.7% to 6.1% for 2012—the steepest cut for any nation—in view of the...

Read More



  According to the former governor of RBI and the man who is credited with formulating policies that absorbed the shock emanating from global financial crisis, at present confidence among the industry and investors needs to be improved but that does not mean India is in 2008 crisis like...

Read More



Easing of inflation has raised some hopes of cut in interest rate by the Reserve Bank of India (RBI) at its monetary policy review later this month New Delhi: Inflation declined to 7.25% in June as prices of manufactured items eased a little, although vegetables, wheat and pulses became...

Read More



With improvement in monsoon rains planting of paddy, soyabean and groundnut would pick up, however, scanty rains in Karnataka and Maharashtra might affect coarse cereals New Delhi: Monsoon, the life-line of Indian agriculture, on Wednesday covered the entire country but the rains are...

Read More



The draft guidelines has provided 21 examples to illustrate the applicability and non-applicability of the GAAR, which now would be reduced or combined New Delhi: Finance Ministry's committee on controversial tax proposal General Anti Avoidance Rules (GAAR) on Monday decided to modify...

Read More



Moneylife Digital Team 06 July 2012
Standard Chartered has advised caution in its new report, citing macroeconomic headwinds and key economic reforms as key for new finance minister to boost growth Slowing growth, stubbornly high inflation, a deteriorating twin deficit and a perception of inaction on the policy front have...

Read More



No significant reform has been passed during the current government's second term observed the report from Capital Economics   Singapore: India's economic troubles are mostly self-inflicted, resulting from policy paralysis and opposition to reforms -- a situation that is unlikely to...

Read More



The Postal department’s FY revenues increased 13% due to higher contribution from financial services, however, its deficit fell to a 10 year low   New Delhi: Mirroring signs of revival, the Department of Posts (DoP) has registered the highest decline in deficit in more than 10 years...

Read More



“While service sector activity grew at a slightly slower pace, new orders grew faster and this should hold up activity in coming months,” said HSBC chief economist for India and ASEAN Leif Eskesen   New Delhi: India’s services sector activity inched up in June—the eighth straight...

Read More



Rainfall deficiency has affected sowing of coarse cereals, but situation in paddy is 'not worrisome' says the minister for agriculture   New Delhi: The deficient rainfall during last month has affected the sowing of coarse cereals but there is no cause for worry for the paddy crop,...

Read More



The Indian currency will appreciate to touch the 50 level by next March provided certain measures are taken by the government urgently, the ratings agency said   Mumbai: Rating agency CRISIL on Monday said it expects the Indian rupee, which has been at the receiving end for quite some...

Read More



Moneylife Digital Team 02 July 2012
The macro conditions in India remain weak and unless there is a clear effort to contain the fiscal deficit, “animal spirits” of investors could fail to rekindle, says Kotak Economic Research Report India's balance of payments (BoP) is in difficulty and could be negative into FY-12-13....

Read More



HSBC, however, cautioned that going ahead a slight moderation in output is likely as new order growth decelerated slightly, led by export orders amid the sagging global economic situation   New Delhi: India’s manufacturing sector inched up in June 2012, as the country saw improvement...

Read More



There have been similar problems earlier as well in different sets of crucial data, and this issue has been raised even by Reserve Bank of India governor D Subbarao   New Delhi: India’s commerce and industry ministry has initiated an internal exercise to find out the reasons behind...

Read More



Commenting on the data global financial services firm Nomura said, “The outlook for net capital inflows depends as much on the domestic pull factors as on the global push factors”   Mumbai: Reflecting deterioration of the external sector, India’s current account deficit (CAD) more...

Read More



Even after the fresh reduction, there exists a scope for cutting rates by a further Re1 per litre as current revision was done at average international oil rate in the first fortnight of June New Delhi: In a relief to inflation-battered common man, petrol price was cut by Rs2.46 per...

Read More



The prime minister has called for reversing the climate of pessimism and regeneration of “animal spirit” in the economy New Delhi: The day after Indian prime minister Manmohan Singh called for reversing the mood of pessimism, top bureaucrats on Thursday took stock of the economic...

Read More



According to Nomura, Indian government's policies remain inflationary, reducing the scope for rate cuts, hurting growth and in turn exacerbating the fiscal deficit   New Delhi: Noting that India's monetary and fiscal policies are at loggerheads, financial services company Nomura has...

Read More



The evidence for both India and other countries suggests that the impact of monetary policy actions on inflation is modest and subject to lags   Mumbai: Rise in food and crude oil prices could have contributed to high in inflation in past two years despite tight monetary policy, says...

Read More

Free Helpline
Legal Credit
Feedback