NCAER has warned that India's exports might miss the target of 12 per cent growth this fiscal due to the appreciating rupee.
The World Bank on Tuesday said that India could achieve eight per cent economic growth, provided the government stepped up reforms, including measures to contain fiscal deficit and wasteful subsidies.
Moody's Investors Service on Thursday upgraded India's ceiling for foreign currency bonds and government's foreign currency issuer ratings to "Baa3" from "Ba1".
The Union Budget for 2009-10 presented by the finance minister is on predictable lines. Surely, the finance minister has done a fine balancing act of giving a thrust to growth while trying to contain fiscal imbalance.
India's foreign exchange reserves, now at $100.05 billion, is expected to reach $104 billion by March, but its high growth may slow down due to rising trade deficit, according to the Institute of Economic Growth.
World Bank is optimistic that the Indian economy can grow by 6-8 per cent in the coming years but has asked the government to improve social services like education and health.
The Union finance ministry is considering an increase in the central excise duty for some of the products that had benefited from the two rounds of reductions announced by the government as part of its fiscal stimulus measures last year.
The attack, worth over Rs 50,000 crore ($10 billion), has been in the works for quite some time but actually began in July last year, when the Revised Accelerated Power Development and Reform Programme was approved by the Cabinet. Given the problems that were faced by the original APDRP programme, the focus this time around is on 'actual demonstrable performance in terms of sustained loss reduction'.
Focus should be on integrating India into regional trade blocs and helping professional services transcend borders.
In 2009, when urban India was in the throes of a slowdown, with growth likely down to 6 per cent and shopping malls going empty, the electorate gave a clear thumbs up.
Close on the heels of the announcement of revised interconnect usage charges by Telecom Regulatory Authority of India, Bharat Sanchar Nigam Ltd said on Monday that it will have a "relook" at all tariff structures
State-owned BSNL would be the biggest gainer followed by MTNL if the government changes the inter-connect usage charges, based on TRAI's consultation paper, according to a recent report by equity research firm J M Morgan Stanley.
Pakistan and India may exchange additional lists of items for tariff concessions under South Asia Preferential Trade Arrangement in October to enhance volume of bilateral trade as the SAARC countries geared up to finalise.
"Our asset quality is sound and not a source of concern at this point. Right now, the concern is how to grow faster", says Ravneet Gill
Budget should use fiscal policy to curb inflation.
The world economy is expected to grow by 2.25 per cent in 2003 following the 2 per cent growth in 2002, while trade is expected to register a 4 per cent growth as against 2 per cent last year, a United Nations survey said on Wednesday.
The Kerala government would shortly start its own online lottery, finance minister K Sankaranarayanan told the Assembly on Wednesday.
An international seminar on accounting practices opened on Monday with Finance Commission chairman C Rangarajan asking the government to ensure better expenditure control for containing fiscal deficit.\n\n\n\n
The crucial meeting of the Central Board of Trustees will be held in New Delhi on Saturday to decide on the interest rate on Employees Provident Fund
The Central Board of Trustees of Employees Provident Fund Organisation is likely to cut the EPF interest by one per cent from the present 9.5 per cent when it meets on May 31.
During 2008-09, the Indian economy will grow by its slowest rate since 2002-03. By most accounts, things don't look any better for 2009-10.
Government is likely to prepay another $3 billion worth of costly foreign loans this fiscal in continuance to the exercise started by Finance Minister Jaswant Singh last fiscal for reducing interest burden and fiscal deficit.
World Bank on Wednesday warned that a prolonged war in Iraq may adversely affect India's GDP growth prospects in this fiscal.
Chief Economic Advisor Arvind Subramanian's interview.
After all, general elections are round the corner and it is not reforms but hand-outs that will fetch greater returns.
Importing gold widens current account deficit, channels domestic savings into personal investments and of course forces domestic entrepreneurs to scout for foreign funds, writes M R Venkatesh.
The loans, under two separate schemes for seven poorest states and seven middle-income states, will benefit the poor as the funds will be utilized to put infrastructure development on the fast track leading to job-creation and stability.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances