ECONOMIC SLOWDOWN

  • Highlights of interim Budget 20142015 February 17, 2014

    New Delhi: In an election year, Finance Minister P Chidambaram presented an Interim Budget short of rhetoric and stuck to highlighting the Congressled UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections,...
  • Slowdown makes students jittery, CAT applications at a 5year low October 16, 2013

    New Delhi: The Common Admission Test (CAT) begins on Wednesday and will continue through the month. This year only 1.9 lakh students have registered to take the test, which is a 5year low. Chakra Joshi, a Bsc Computer Science student, was preparing for the CAT a ticket to the prestigious...
  • Delhi: Slowdown dampens the festive season for Ramlila organisers October 12, 2013

    New Delhi: The economic slowdown has dampened the festive spirit this time around, making it difficult for Ramlila organisers to secure funds to recreate the grandeur of mythological character Ram's life. With the economy looking grim, many donors are reluctant to shell out money. So organisers are renting cheaper lighting and...
  • West Bengal: Slowdown forces budget cuts in Durga Puja this year October 9, 2013

    Kolkata: Even as the country prepares and looks forward to the festive season, there is a slight dampener this time around. The economic slowdown seems to be having an impact on the Durga Puja celebrations. The Puja organisers of Kolkata are struggling to stay afloat despite drastic cuts in budgets....
  • Obama cancels his Asia trip due to shutdown October 4, 2013

    Washington: US President Barack Obama has cancelled a trip to Asia this weekend because of the ongoing government shutdown, it was announced on Friday. Obama had already shortened the trip from four countries to two after the US government partially shut down as the two houses of Congress failed to agree...
  • PM has no ideas to counter economic slowdown, says Jaitley September 1, 2013

    Continuing his attack on the government for its failure to arrest the rupee's slide and the economic slowdown, BJP leader Arun Jaitley on Saturday said Prime Minister Manmohan Singh was without ideas to revive the economy and such a situation did not bode well for the country. Picking up from his...
  • PM reassures economic slowdown will not last long August 15, 2013

    The slowdown in Indian economy will not last long as government is working hard to remedy the situation, Prime Minister Manmohan Singh said on Thursday as he saw positive impact of the move to open up several sectors to foreign direct investment in the coming months. "I believe that this phase...
  • PM to meet industry leaders to discuss economic problems July 29, 2013

    New Delhi: Prime Minister Manmohan Singh will meet industry leaders on Monday to hold a discussion on key problems plaguing the Indian economy. Problems relating to slow growth rate of the economy, the depreciation of the rupee and the nation's Current Account Deficit are on the agenda. The meeting comes against...
  • Cong, BJP war of words intensify over Modi's remark July 15, 2013

    The Modi vs Congress war of words has intensified with the Congress on Monday accusing Modi of polarising the electorate and also listing statistics to counter the Gujarat Chief Minister's claims of development. The BJP, meanwhile, claims this is a deliberate attempt by the Congress to shift goalposts ahead of...
  • 'Considerable potential for further growth in IndiaFrance ties' January 11, 2013

    New Delhi: Economic and commercial relations between India and France were affected by the economic slowdown but are again growing steadily and there is considerable untapped potential for further growth, said External Affairs Minister Salman Khurshid on Thursday. "Though affected by global economic slowdown, economic and commercial relations between our two...
  • Lack of political consensus hampering growth: PM August 15, 2012

    New Delhi: India's national security will be affected if steps are not taken to increase economic growth and encourage new investments in the country, Prime Minister Manmohan Singh said on Wednesday. In his Independence Day address, the Prime Minister said his government will work hard to shield Indian economy from the...
  • PM 'blaming' Pranab for economic slowdown: BJP July 7, 2012

    New Delhi: BJP on Friday alleged Prime Minister Manmohan Singh is "directly and openly" trying to put all the blame for the economic slowdown on former Finance Minister Pranab Mukherjee and charged that he was equally responsible for the state of affairs. "The Prime Minister was...
  • PM 'directly blaming' Pranab for slowdown: BJP July 6, 2012

    New Delhi: The BJP on Friday alleged Prime Minister Manmohan Singh is "directly and openly" trying to put all the blame for the economic slowdown on former Finance Minister Pranab Mukherjee and charged that he was equally responsible for the state of affairs. "The Prime Minister was a full partner and...
  • Sangma targets Pranab for economic slowdown June 25, 2012

    Amritsar: BJPbacked Presidential poll candidate PA Sangma on Sunday targeted Finance Minister and UPA nominee Pranab Mukherjee for the economic slowdown. "If the rupee is at an all time low, if the international rating for credit has been downgraded, (there is) so much of corruption, who is...
  • Economy resilient to withstand pressures: Kalam May 25, 2012

    Guwahati: Former President A P J Abdul Kalam on Friday said the country's economy was resilient to withstand global pressures in the current economic slowdown. "India has the potential to come out of this difficult situation because of its inherent strengths. The strengths are the purchasing power of 400 million middle...
  • PM meets industrialists amid slowdown fears December 22, 2011

    New Delhi: Amid concerns of slowdown in economy and shrinking industrial output, Prime Minister Manmohan Singh on Thursday met leading industrialists and assured them that the government was determined to get back on the growth path. The assurance came at a meeting of the Prime Minister's Council on Trade and Industry,...
  • India @ 9 with Rajdeep Sardesai December 19, 2011

    Catch the day's top stories on India at 9 with Rajdeep Sardesai. ...
  • TWTW: Cyrus' take on Anna's agitation on Lokpal December 18, 2011

    Cyrus Broacha also talk about economy slowdown, Delhi at 100 and more. ...
  • 'High interest rates contributed to economic slowdown' December 15, 2011

    Ahead of the RBI's credit policy meet, Pranab Mukherjee admitted that high interest rates have contributed to the economic slowdown. ...
  • India stares at economic slowdown, job cuts December 12, 2011

    New Delhi: The fear of an economic slowdown has turned to be a real one, as for the first time in recent months, India's industrial economy has actually shrunk, which may lead to job cuts, high inflation and more bearish stock markets. In fact, the Confederation of Indian Industry (CII) has...
  • Business better than perception: Sunil Mittal November 9, 2011

    New Delhi: Amid concerns of economic slowdown and policy paralysis, noted industrialist and telecom czar Sunil Mittal on Wednesday said "business is better than perception". Praising the government for its initiatives to deal with the current economic issues, Mittal said, "I have never seen in a long period of time, the...
  • GDP estimate cut to 8.2 pc, slowdown fears mount August 3, 2011

    New Delhi: India is heading for its worst growth since the credit crisis of 200809. Over the last three to four months, there have been clear signs of a slowdown in the automobile sector as well as in the investment and construction sector. Slowdown fear is now turning into a nightmare....
  • Montek confident of 8.5 pc growth this fiscal June 1, 2011

    New Delhi: Playing down fears of a slowdown, Planning Commission deputy chairman Montek Singh Ahluwalia said he is confident of 8.5 per cent growth this fiscal. According to the latest GDP data, the economy is down by more than a per cent compared to the previous quarter. In the January to March...
  • Exporters want continuation of stimulus February 15, 2010

    New Delhi: Amid speculations that stimulus measures could be rolled back in the forthcoming Budget, apex body of exporters, Federation of Indian Exporters Organisations (FIEO), today asked the government to continue the incentives for at least another one and a half years. After a 13month contraction following the slowdown in demand...
  • Indians spend big on necessity, less on luxury November 3, 2009

    New Delhi: After a year of slowdown in the Indian economy the consumers are finally getting back to shopping malls. Sales are on an upswing, real estate is recovering and automobile companies have also reported higher sales. The 2009 festive season seems to have brought back the cheer among the consumers. Suraj...
  • Downturn hurts; brand Harvard loses a bit of its halo November 2, 2009

    New York: Tough economic times have hurt Harvard University's public standing in the media over the past nine months, while schools perceived as a safer educational investment have benefited, a research firm said. Global Language Monitor, which ranks colleges and universities based on their appearances in print and other media, said...
  • IITs still battling slowdown, job offers down by 50 pc October 15, 2009

    Mumbai: India's best and brightest are still battling the effects of economic slowdown with placement offers at the prestigious Indian Institutes of Technology (IITs) taking a nosedive. Even the salary packages are down by almost 50 per cent as compared to last year. The number of companies registered so far for...
  • Budget pleases common man but is it enough? July 7, 2009

    It was a thanksgiving Budget. The Government is doing its best to reach out to the aam aadmi but with global recession and economic slowdown, is this enough? ...
  • Indian job market better off than western countries July 1, 2009

    New Delhi: The global economic slowdown has also led to many job losses around the world. While India is better off than western countries, people have still suffered immensely. Job loss is one of the worst fallout of any economic slowdown. What began as a housing mortgage crisis in...
  • Exports decline by 29.2 per cent in May July 1, 2009

    New Delhi: India's exports declined by 29.2 per cent in May contracting for the eighth month in a row over the same month last year as overseas shipments were hit by the slowdown in major global markets like the US and Europe. Exports dropped to $11.01 billion in May...