Economy News

Indian Economic Survey 2012-13: Summary

Indian economy is estimated to grow by 6.9% in 2011-12 mainly due to weakening industrial growth. This indicates a slowdown compared not just to the previous two years, when the economy grew by 8.4%, but also from 2003 to 2011, except 2008-9 economic downturn, when the growth rate was 6.7 percent.

Mar 15, 2012

Indian Budget 2012-13: What the Industry Expects from FM

The Government of India is scheduled to present the Union Budget for FY2013 on March 16, which is crucial for the economy and markets.

Mar 15, 2012

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Economic Survey 2011-12 Projects 5 Percent Industrial Growth in Current Financial Year

The Economic Survey 2011-12, tabled in the Lok Sabha Thursday by Finance Minister Pranab Mukherjee, has projected the industrial-sector growth during the current financial year to be between 4 to 5%.

Mar 15, 2012

Volatility in Global Financial Markets Likely to Tighten Availability and Cost of Foreign Funding

Given the weak global economic prospects and continuing uncertainties in the international financial markets, the availability and cost of foreign funding for banks and corporate is likely to be negatively impacted, said Indian Finance Minister, Pranab Mukherjee in Lok Sabha Thursday.

Mar 15, 2012

Vijay Amritraj Quits Kingfisher Airlines Board

Former tennis star Vijay Amritraj resigned from the board of Kingfisher Airlines Ltd, effective from March 14.

Mar 14, 2012

RBI's Reference Rate for Dollar Today (Mar 14, 2012)

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 49.9030 rupees and the euro 65.0885 rupees.

Mar 14, 2012

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Indian Economy Will Soon Be Back to 8-9 Percent Growth Trajectory: President

Stating that the current year has been a difficult one for the world economy, Indian President Pratibha Patil said that the country would back to the high economic growth trajectory of 8 to 9 percent.

Mar 12, 2012

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Budget 2012: Budget Session Begins Today, Tough Time Awaits Congress Govt

With the Parliament Budget session starting today (Monday), the Congress-led UPA government is likely to have a hard time. Pressure will be more following the poor shoe of the party at recent assembly elections.

Mar 12, 2012

Union Budget 2012-13: Aam Aadmi Wants More Saving

For the aam aadmi, the week leading up to the presentation of the Union Budget is the time to look back at the past year and check their savings. Common man wants to save more this year as rising prices of basic commodities has affected their savings.

Mar 9, 2012