FY 2013

  • India's economic growth remains subdued at 4.7 pc in 201314 May 30, 2014

    New Delhi: India's economic growth remained subdued at 4.7 per cent in 201314 and at 4.6 per cent in the fourth quarter of the financial year, mainly due to a decline in manufacturing and mining output. The country's economy, or gross domestic product (GDP), had expanded at 4.5 per...
  • Take joint action against wilful defaulters: Chidambaram to banks May 13, 2014

    New Delhi: Finance Minister P Chidambaram on Tuesday advised public sector banks to form a consortium and take joint action against wilful defaulters, especially in the cases where the "promoter is prosperous but the company is sick." After reviewing annual performance of public sector banks and financial institutions for fiscal...
  • Interim Budget 2014: Reactions from across the country February 17, 2014

    In an election year, Finance Minister P Chidambaram presented an Interim Budget shorn of rhetoric and stuck to highlighting the Congressled UPA Government's achievements of the last 10 years. CNNIBN takes the calls of people from across the country to know their reactions over this interim budget 2014. ...
  • Government raises funding under state Plans to Rs 3.38 lakh crore February 17, 2014

    New Delhi: Finance Minister P Chidambaram has provided Rs 3,38,562 crore for 201415 under the states Plans, which is higher than revised estimates of Rs 1,19,039 crore for the current fiscal. In the Plan Budget, an additional central assistance is given under state Plans for implementation of centrally sponsored schemes (CSSs)...
  • CBI gets modest increase of 17 pc in budgetary allocation February 17, 2014

    New Delhi: CBI has received Rs 520.56 crore in the interim budgetary allocation for the next fiscal, which is a modest increase of approximately 17 per cent over 201314. In the interim budget presented on Monday, the agency has been allocated Rs 520.56 crore as compared to Rs 443.97 crore in...
  • Economic growth to cross 5 pc this financial year: PM February 14, 2014

    New Delhi: Pinning hopes on the good monsoon and recent reforms, Prime Minister Manmohan Singh on Friday said economic growth will cross 5 per cent in the current financial year and accelerate further in the coming years. Addressing the Governors' Conference, Singh said the Indian economy, after many years of rapid...
  • The Last Word: What is the true state of Indian economy? February 10, 2014

    Finance Minister P Chidambaram on Saturday expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent. Growth in 201213 slipped to a decadelow of 4.5 per cent. The economy expanded 4.6 per cent in the first half (AprilSeptember)...
  • Growth will not be less than 5 pc in 201314, says Chidambaram February 8, 2014

    New Delhi: Finance Minister P Chidambaram on Saturday expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent. "I am confident that the final estimate will be not less than 5 per cent for the whole year," Chidambaram said,...
  • India's economic growth pegged at 4.9 pc in 201314 February 7, 2014

    New Delhi: India's economic growth rate in the current financial year has been estimated at 4.9 per cent, a faster pace than in the previous year, mainly on an improved performance in the agriculture and allied sectors. "The growth in GDP during 201314 is estimated at 4.9 per cent as compared...
  • Fraud cases of Rs 6,175 cr reported by PSU banks till January 2014 February 7, 2014

    New Delhi: Public sector banks have reported fraud cases of Rs 1 lakh and above amounting to Rs 6,174.83 crore till January during the 201314 financial year, Parliament was informed on Friday. For the entire 201213, such cases had amounted to Rs 8,232.67 crore; Rs 4,069.80 crore in 201112 and were...
  • 'India's IT sector exports to grow 1214 per cent in FY14' February 12, 2013

    Mumbai: Exports from India's IT outsourcing sector are expected to grow between 12 and 14 per cent in the fiscal year starting April to as much as $87 billion, according to the National Association of Software and Services Companies (Nasscom), the industry lobby. Exports from the industry, which counts the United...