India's industrial output unexpectedly contracted 3.5 per cent in March from a year earlier, government data showed on Friday. ...
12:04 PM, May 11, 2012
India's industrial output unexpectedly contracted 3.5 per cent in March from a year earlier, government data showed on Friday. Analysts had expected output to grow 1.5 per cent, a CNBC-TV18 poll showed. The March figure compares with February's annual increase of 4.1 per cent. Manufacturing, which constitutes about 76 per cent of industrial production, shrank an annual 4.4 per cent from a year earlier, the statistics office said. The overall...
11:38 AM, May 11, 2012
New Delhi: Terming the sharp revision in the industrial production data as "totally baffling", Finance Minister Pranab Mukherjee on Friday said he has asked the authorities concerned to look into the issue. "I can understand if there is error in calculating 0.1 per cent of 0.2 per cent, but from 6.8 per cent to 1.1 per cent, it is totally baffling," Mukherjee told reporters here, commenting on the sharp revision...
11:29 PM, Apr 13, 2012
Mumbai: The growth in February industrial production (IIP) has come in at 4.1 per cent, which is an improvement over the January number. The January IIP number has been revised to 1.1 per cent from 6.8 per cent (provisional). The Central Statistical Organization revised January IIP figure after it spotted an error in sugar output numbers. Based on the January provisional numbers, a CNBC-TV18 poll had estimated February IIP growth...
11:40 AM, Apr 12, 2012
Finance Minister Pranab Mukherjee and Chairman of PM's Economic Advisory Council C Rangarajan explain what IIP numbers mean for the country. ...
04:05 PM, Mar 12, 2012
New Delhi: Industrial output rose higher-than-expected in January at 6.8 per cent buoyed by an increase in production of non durable goods even as the capital goods and mining sectors continued to decline, compared to 1.8 in December 2011. The comparative figure was 7.5 per cent in January 2011. The consumer non-durable goods sector saw a growth of 42.1 per cent versus 5 per cent, year-on-year. However, the capital goods...
11:43 AM, Mar 12, 2012
New Delhi Amid moderation in industrial output, CII on Wednesday said any hike in excise duty from the current 10 per cent would further impact growth and also put burden on consumers. In its pre-Budget memorandum to the Finance Ministry, the industry chamber has recommended continuation of 10 per cent standard rate of excise duty in the next financial year. "CII is of the view that any increase in excise...
03:28 PM, Feb 16, 2012
New Delhi: The industrial output (IIP) for November has made a handsome growth, swinging a full circle from a negative 4.7 per cent (revised upwards from -5.1 per cent) in October to 5.9 per cent in November. The improvement has mainly come in from manufacturing, consumer durables and consumer non-durables. Manufacturing output, which constitutes about 76 per cent of the industrial production, grew an annual 6.6 per cent. During April-November,...
11:21 AM, Jan 12, 2012
New Delhi: Actor Sanjay Mishra, known for his rib-tickling performances in 'All The Best' and 'Golmaal', has donned the director's hat and his directorial debut, 'Pranam Walekum', is set for April release. Extensively shot in Bhor, Pune, the film is replete with tongue-in-cheek humour and pokes fun at life. Produced by Sandiip Kapur, the ensemble cast includes Giselli Monteiro, Vijay Raaz, Manu Rishi, Shilpa Shukla, Manoj Pahwa, and Vindu Dara...
05:50 PM, Dec 27, 2011
CNBC TV18's Banking Editor Latha Venkatesh explains how the decision's taken at the RBI's credit policy meet on Friday will impact consumers. ...
08:10 AM, Dec 16, 2011
New Delhi: The Reserve Bank of India will meet on Friday to review its credit policy against the backdrop of a gloomy economic environment. Ahead of the RBI's credit policy meet, Finance Minister Pranab Mukherjee admitted that high interest rates have contributed to the economic slowdown. "Domestically the struggle against inflation and tightening of interest rate regime has contributed to lowering of growth and investment. The slowdown in industrial growth...
07:00 AM, Dec 16, 2011
New Delhi: Moderating prices of essential food items like onions, potatoes and milk pulled down inflation marginally to 9.11 per cent in November, a development that may prompt the Reserve Bank to halt its monetary tightening strategy at its policy review on Friday. Inflation, as measured by the Wholesale Price Index, stood at 9.73 per cent in October, 2011. It was recorded at 8.2 per cent in November, 2010. A...
01:13 PM, Dec 14, 2011
Finance Minister Pranab Mukherjee said, "The present economic downturn will be temporary and will soon take an upward movement." ...
11:44 AM, Dec 14, 2011
The Government decides to table the Lokpal Bill in Parliament next week even as the allies rally behind the Congress. ...
11:14 PM, Dec 12, 2011
New Delhi: Deeply worried at negative growth in industrial output, particularly the manufacturing sector, India Inc on Monday warned of job losses and said RBI should immediately bring down interest rates to stimulate investment. Industry body Confederation of Indian Industry (CII) said a sharp decline in the capital goods sector is of particular concern, as it indicates lack of investment, which will continue to be a drag on growth. "If...
08:41 PM, Dec 12, 2011
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