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S&P lowers India’s long-term rating to negative 26 April 2012
Reacting to the outlook revision by Standard and Poor's, Finance minister Pranab Mukherjee said, there is no need to panic. He expressed confidence that the country will overcome the difficulties faced by it. Mukherjee said, a few Bills regarding economic...
Keywords: CII comment, external commercial borrowings, Pranab Mukherjee, Standard and Poor's
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RBI keeps rates unchanged 03 February 2015
The Reserve Bank of India has kept its Policy Repo Rate and cash reserve ratio [CRR] unchanged at 7.75 percent and 4.0 percent respectively. Citing the currently and evolving macro-economics situation, RBI took this decision, however, the statutory liquidity ratio...
Keywords: GDP, statutory liquidity ratio, statutory liquidity ratio, current account deficit
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Indian economy is vibrant and may overtake China 28 May 2015
While celebrating his first year in office, Prime Minister Narendra Modi can be proud enough in the success of transforming India into the fastest growing major economy. When India releases its data on Friday, it is expected to show that...
Keywords: GDP, Fiscal year, Macro economy, Macro economy
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Global Economy in 2012 may be worse: IMF Chief 23 December 2011
In its World Economic Outlook report, the IMF projected that global economy would grow 4 percent in 2012. As the debt crisis in the euro area worsened and decision making in major advanced economies becoming more uncertain, the world economy...
Keywords: major advanced economies International Monetary Fund Olivier Blanchard international financial institution, Global Economy in 2012, IMF Chief economist Olivier Blanchard, bold and stronger policies
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CMIE maintains its forecast of 7.6% growth 16 April 2012
“We do not anticipate any improvement in economic activity on account of the Budget proposals. Consequently, we have maintained our GDP growth forecast for 2012-13 at 7.6 per cent against the estimated rise of 6.8 per cent in 2011-12,” CMIE...
Keywords: inflation, economic growth, Centre for Monitoring Indian Economy (CMIE), Centre for Monitoring Indian Economy (CMIE)
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Fiscal Cliff to disappear 03 January 2013
President Barack Obama may be having merry time at Hawaii but he still has been attending to the needs of the nation during his holiday period. He signed a bill during his vacation to push back the looming fiscal cliff...
Keywords: recession, fiscal cliff deal, ,
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Deregulate diesel prices: RBI to Government 25 January 2012
While petrol prices are market-linked, the government decides the rates of LPG, kerosene and diesel, which usually results in a large budgetary expenditure on subsidies. The Reserve Bank today said the government should deregulate diesel prices in order to contain...
Keywords: trade deficit, fiscal slippages, Petrol prices, fiscal slippages
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Indian economy is vibrant, IMF 07 May 2015
India is one of the fastest growing economies in the world, according to the IMF's latest economic health check. The other Asian giant China's economy is slowing, according to the International Monetary Fund's (IMF) Regional Economic Outlook for Asia and...
Keywords: Regional Economic Outlook, Regional Economic Outlook, Indian economy, Regional Economic Outlook
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2500 crore a day 24 March 2015
Union government will borrow Rs 3.6 lakh crore from the markets in the first half of the next financial year, which is over 50% of the annual target of Rs 6 lakh crore. "We will issue long-term bonds of 40...
Keywords: Finance ministry, Fiscal deficit, Fiscal year, Fiscal deficit
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Car sales increase by 2.64 percent 16 April 2015
Domestic passenger car sales grew 2.64 percent to 1,76,011 units. Motorcycle sales last month dipped 5.22 percent to 8,59,521 units. Total two-wheeler sales in March declined by 0.84 percent to 13,23,184 units. Sales of commercial vehicles were up 2.14 percent...
Keywords: Motorcycle sales, Society of Indian Automobile Manufacturers, Society of Indian Automobile Manufacturers, car sales
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Etela introduces budget 05 November 2014
Telangana Finance minister Etela Rajender introduced the first budget of the separate state. The budget stands at Rs 1,00,637 crores and has come out with proper allocations to the welfare schemes. Rs 100 crores was alloted to Telangana martyrs and...
Keywords: Fiscal deficit of Telangana, Telangana budget, Etela Rajender, Fiscal deficit of Telangana
Read More Moody's satisfied with India Inc 26 June 2012
Global rating agency Moody's Investor Service expressed the no-worry signal to India Inc inspite of economical turmoil. The credit rating agency expressed positive revival in the nation of billions. The agency in a statement said that credit challenges like weak...
Keywords: downgrades 15 banks, satisfied with India, India Inc, Credit ratings of banks
Read More New tax reforms against global economy? 14 February 2013
Speaking of the new proposals of tax reforms by the Obama administration, Anand Sharma, the commerce and industry minister, said that such measures if implemented could be counter productive since they would create newer barriers and deepen recession. Obama's government...
Keywords: , fiscal cliff, tax reforms, tax reforms
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Moody's upgrades India's debt rating 23 December 2011
"India's Baa3 rating incorporates credit strengths such as a large, diversified economy, robust medium term growth prospects and a strong domestic savings pool that facilitates the financing and refinancing of the government's relatively high debt burden," the ratings agency said...
Keywords: India's sovereign debt rating, high debt burden, India's Baa3 rating incorporates, infrastructure sector
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ONGC strikes oil & gas at 3 locales! 22 March 2013
On Thursday, Oil and Natural Gas Corp (ONGC) which is India's biggest energy explorer, announced discovery of three new assets having two in Krishna-Godavari basin and the third in Agartala in Tripura. According to a company official, these discoveries "substantial", but...
Keywords: assets, ONGC discovers, Arabian Sea, Arabian Sea
Read More India's outgrowth slackens in speed! 01 June 2013
There have been a deterioration in India's economic development due to the fact of its slowest rate of movement in a decade for the current fiscal year, moving unsteadily surrounded by government proving unsuccessful to act on planned improvement to...
Keywords: indian economics, indian economics, india's economic development critically relaxed, investment manifestation
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An inspirational Speech to make them go "Four"ward 08 November 2012
When Barack Obama won his first election in 2008, his victory speed was compared to that of great Martin Luther King Jr's the famous "I have a dream" August 28, 1963 speech. And now when Obama got re-elected again, his...
Keywords: obama thanks supporters, barack obama obama speech, barack obama obama speech, obama victory
Read More Moody's approve FM Chidambaram's budget plan 04 March 2013
The Union Budget 2013 plan may have been receiving a mixed response from several communities in the nation but the international ratings agency Moody's seemed to be impressed with the decision of Indian Finance Minister P Chidambaram making the fiscal...
Keywords: GDP, Finance Minister Chidambaram, fiscal 2014, realistic effort
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Raghuram Rajan, hope at the end of the tunnel 30 August 2012
Disturbing fiscal deficits, swinging economy, surging GDP and mounting burdens, will there be a divine hand to help the nation scale better peaks in the present context. Can there be someone who could make this difference. Is there a hope...
Keywords: gdp, reforms, raghuram rajan, sagging economy
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GDP growth of 8 percent by 2017, India rocking 14 April 2015
The World Bank has predicted a GDP growth rate of 8 percent for India by 2017 and that a strong expansion in the country, coupled with favourable oil prices, would accelerate the economic growth in South Asia. GDP growth is...
Keywords: India, World Bank, Fiscal year, World Bank
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