Analysts view RBI’s comments ‘less dovish’ as it says inflation risks remain and this ‘will influence both timing and magnitude of future rate actions’. VIVEK RAJPAL, INDIA RATE STRATEGIST, NOMURA, MUMBAI “RBI is not as dovish as expected. It has rather sounded cautious on inflation. Though, in their guidance,...
Bangalore: With the export-oriented information technology industry facing strong headwinds from the global economic slowdown, the sector is expecting the forthcoming Union Budget to set right what it calls “taxation anomalies”, thereby easing some of the pain. The $88-billion Indian technology industry, which includes IT services & BPO and...
NEW DELHI: Global funding is vital for countries like India to address concerns related to climate change as mitigation efforts ultimately involve costs, says the Economic Survey 2011-12, which for the first time has made a pointed reference to the challenge posed by climate change. “Global funding through the...
RIO DE JANEIRO: Chevron filed to temporarily halt production operations in Brazil on Thursday after it detected a “small new seep” of oil in the same offshore field where it suffered a high-profile leak in November. The US oil company said it was taking the step as a precautionary...
NEW DELHI: After an 18-month delay, the department of telecommunications (DoT) has issued an internet service provider (ISP) licence to US-based chipmaker Qualco-mm, which will pave the way for the company to go ahead with the launch of broadband wireless access (BWA) services. Qualcomm had won BWA spectrum in...
CII welcomes the recovery in economic growth projected by the Economic Survey. GDP growth is projected to accelerate to 7.6% in 2012-13 and further to 8.6% in the following year. However, “a stronger recovery in growth is possible if supply-side bottlenecks are eased and economic reforms are taken forward”,...
By Anjan Roy While the Economic Survey is optimistic about the future prospects of the Indian economy, it has also underlined several challenges. The first of these is the falling share of the industrial sector in the overall GDP, which needs to be reversed. Survey had pointed out the...
MUMBAI, March 15 (Reuters) – Indian shares fell for the first time in five sessions as sectors sensitive to interest rates such as banks and real estate dropped after the central bank kept its policy rates unchanged, voicing a more hawkish stance than expected. Though analysts had largely expected...
Chandigarh, March 15 – Haryana Government has decided to introduce two award schemes namely “Surakshit Maa Awards” and “Swasth Maa Award” from the next financial year in the state to promote institutional deliveries and create awareness and responsible health seeking behavior in pregnant women. A sum of Rs 81.50...
New Delhi: Railway Minister Dinesh Trivedi, whose removal has been demanded by his party leader and Trinamool Congress boss Mamata Banerjee, on Thursday said he has not resigned as yet. However, he made it clear that he would resign the moment the Prime Minister or Mamata Banerjee ask him...
Favouring a phased opening of India’s multi-brand retail trade to FDI, the Economic Survey 2011-12 on Thursday said foreign investment could help in curbing food inflation in a significant way. “Allowing FDI in multi-brand retail is one of the major issues in this sector. This could begin in a...
Aishwarya Rai, currently on a sabbatical after being in the industry for over a decade, says she was happy to have worked with different directors. “I am glad to have worked with different directors on different roles. I had always been greedy to work with different directors on different...
Prime Minister Manmohan Singh Thursday said the government will consider replacing Railway Minister Dinesh Trivedi if the situation demands. “Well, if anything like this develops, we will consider it,” Manmohan Singh told reporters in parliament when asked whether he would consider replacing Trivedi following demands by Trinamool Congress leader...
Railway Minister Dinesh Trivedi has not resigned, Finance Minister Pranab Mukherjee told the Lok Sabha today. He, however, said that Prime Minister Manmohan Singh has received a communication from Trinamool Congress chairperson Mamata Banerjee which was under “active consideration”. “As and when a decision will be taken, the House...
Mumbai (Reuters) – The BSE Sensex fell for the first time in five sessions on Thursday as sectors sensitive to interest rates such as banks and real estate firms dropped after the RBI kept its policy unchanged and voiced a more hawkish stance than investors had expected. The main...
Just last month, Shahid Kapoor celebrated his birthday in great style over a four-day weekend at Goa’s sun-kissed Morjim beach. What’s more, while most of his guests flew down for the big party much later, he left earlier, accompanied by a certain Nargis Fakhri. Ever since, there has been...
NEW DELHI: India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed today. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its...
New Delhi: Exhausted by Mamata Banerjee’s diktats that have blocked economic reform, the Congress is deciding whether to reboot the ruling UPA coalition that it leads. Ms Banerjee, unpredictable and temperamental at the best of times, has 19 Lok Sabha MPs. The Congress is increasingly confident that if she...