Economy News
Amid concerns over a perceived policy paralysis in India, a leading domestic research firm has expressed hope that the much-criticised recent actions of the executive, judiciary and regulators would actually prove to be a 'clean-up' job and help economy's revival in long run.Sun, 27 May 2012 17:30:09 +0530
In an interview to CNBC-TV18, Mohammed Al Shaibani, the veteran aid to Dubaiâs ruler Sheikh Mohammed bin Rashid Al Maktoum and CEO and executive director of The Investment Corporation of Dubai and Steve Forbes, president and CEO of Forbes Media and editor in chief of Forbes, speak about the current state of global economy.Sun, 27 May 2012 14:46:48 +0530
India may not be heading towards a balance of payment crisis, but its macro-economic situation is worsening by the day calling for urgent steps to ensure no further damage is done to the economy, a survey of leading economists and select industry leaders has pointed out.Sun, 27 May 2012 12:17:02 +0530
Amid persisting global uncertainties, Finance Minister Pranab Mukerjee today said India's domestic demand, high savings rate and regulatory mechanisms make it a resilient economy.Sun, 27 May 2012 10:00:32 +0530
The Indonesian Ambassador, Andi M Ghalib said here today that trade ties between his country and India were growing at a steady pace and could reach USD 45 billion mark by 2015.
Sat, 26 May 2012 16:00:06 +0530
In the past 18 months the banking regulator has been fairly active. Number of constraints or disincentives have been imposed on banks; about a couple of months ago the savings rate was deregulated, recently the NRI interest rates have been deregulated, 14 months ago the regulator ensured that the banks set aside more NPLs.Sat, 26 May 2012 12:53:11 +0530
As public protest against Wednesday's steep hike in petrol gathered momentum, Oil Minister Jaipal Reddy gave no indication of a rollback in the immediate future.Fri, 25 May 2012 17:58:08 +0530
India's foreign exchange reserves fell to USD 290 billion as of May 18 from USD 291.802 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Friday.Fri, 25 May 2012 17:52:02 +0530
Planning Commission and Power Ministry are believed to have reached a consensus over fixing the capacity addition target at 90,000 MW for the next five years.Fri, 25 May 2012 15:16:26 +0530
Analysts at Goldman Sachs and Bank of America-Merrill Lynch cut their growth forecasts for India, following up on a Morgan Stanley downgrade earlier this week that had sparked much concern in domestic markets.Fri, 25 May 2012 12:11:32 +0530
Analysts have cut Indiaâs FY13 GDP forecast on concerns of a tough economy riding on weak market, sliding rupee and widening of fiscal deficit. Jahangir Aziz of JPMorgan explains that the Indiaâs monetary and fiscal policies are extremely loose. Fri, 25 May 2012 12:08:53 +0530
Costing less than furnace oil, current diesel prices are an anomaly that needs urgent correction. The extent of the absurdity is highlighted by the fact that in recent times many factories have switched to the `cheaper' diesel as substitute for furnace oil, which used to be the cheapest among crude oil distillates some years back.Fri, 25 May 2012 10:51:18 +0530
Softening its stand, striking Air India pilots on Thursday welcomed Civil Aviation Minister Ajit Singh's offer to hold talks with them, indicating that they are ready to return to work if the 101 sacked pilots are reinstated.
Thu, 24 May 2012 21:19:19 +0530
In a bid to control the rupee's depreciation, RBI Governor D Subbarao today said that they havenât ruled out a separate dollar window for oil marketing companies. Thu, 24 May 2012 16:53:22 +0530
The Reserve Bank of India has an option to sell dollars directly to state oil companies, governor Duvvuri Subbarao said on Thursday, to help ease pressure on the rupee that hit another record low.Thu, 24 May 2012 16:32:02 +0530
Politics
The RJD supremo also accused the Nitish Kumar government of failing on all fronts.
The family members resorted to a sit-in in front of the Dilkusha guest house in Hyderabad protesting Jagan's arrest.
Mamata went to the Eden Gardens to watch the first match of KKR against Delhi Daredevils on May 5.
India
Prime Minister Manmohan Singh reached Myanmar on Sunday evening in a first visit by an Indian PM since Rajiv Gandhi's visit 25 years ago.
A large number of police personnel have been deployed all over the city to prevent any untoward incident.
Lt Gen Avadesh Prakash is the senior-most officer to have been awarded this punishment by the Army.
Tech
India's mobile advertising market is expected to reach Rs 144 crore by 2013.
Incidents of suicides have been on the rise inside Delhi Metro premises for the past few months.
Cyber security agencies have also asked Internet users to deploy adequate firewalls and security measures.
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