The recent developments on the economic front in India are very encouraging. With an alleviation of headline and manufacturing inflation the long pending demand of the government of India especially the Finance ministry and industrialists for a rate cut seems to find acceptance with RBI in the days to come. [...]

Washington: After a sharp slowdown pushing down its projected growth to 5.4 percent in the fiscal year ending March 2013, the World Bank expects India to grow at 6.4 percent this year, rising to 7.3 percent by 2015. The slowdown in India, South Asia’s largest economy, also weakened growth in the [...]

New Delhi (IANS) An estimated 61 percent of Indian firms suffer above 10 percent shortfall in production due to power cuts, industry lobby FICCI said here today.The finding emerged from a survey by the Federation of Indian Chambers of Commerce and Industry and Bureau of Research on Industry and Economic Fundamentals [...]

New Delhi (IANS) The new year could see the balancing of trade between India and China a bit. Three joint working groups on trade, services and investment will meet next month to discuss issues affecting bilateral trade and investment. Among these, market access for Indian companies in China is a major [...]

Patna (IANS) Indicative of its impressive growth, Bihar’s per capita income has almost doubled since 2004. But it is still well below the national average, a state minister says. Planning and Development Minister Narendra Narayan Yadav said that Bihar’s per capita income in 2011-12 was Rs.15,268, which was still far behind [...]

Bhubaneswar  (IANS) A demonstration was staged at Rayagada in Orissa to demand an immediate resumption of bauxite supplies to Vedanta’s alumina refinery at Lanjigarh to protect the livelihood of thousands of people. The demand was made after a peaceful protest Thursday by over 500 labours who staged a demonstration at the [...]

Washington (IANS) India and China are ranked 119th and 136th respectively and both termed “unfree” according to the 2013 Index of Economic Freedom published annually by The Wall Street Journal and The Heritage Foundation. The Asia-Pacific region is home to the world’s freest economy, and its most repressed, according to the [...]

New Delhi: India’s economic growth is expected to accelerate to 6.7 percent in 2013-14 from the projected rate of 5.5 percent in the current financial year on a revival in consumption, CRISIL said in a report released today. A pick-up in agriculture, predicated on a normal monsoon, lower interest rates and [...]

New Delhi (IANS) The government will divest 10 percent stake in Oil India in the second fortnight of this month and follow this up by disposing of 9.5 percent holding in NTPC in February, a top finance ministry official said today. “We will come out with Oil India issue in the [...]

New Delhi (IANS) The demand for steel in India is expected to rise 7 percent in the next financial year beginning April 1 as compared to the sluggish 5.5 percent projected growth in 2012-13, according to a senior official of Tata Steel. Managing Director H.M. Nerurkar said the overall outlook for [...]