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NEW DELHI: The much-awaited services pact between India and the 10-member Association of Southeast Asian Nations (Asean) trading bloc has reached an impasse. The deal, which was expected to open a huge services market, is stuck over stiff differences. Since the negotiations started, talks on services trade have faced...
MUMBAI: In a season of bad news, the Centre for Monitoring the Indian Economy (CMIE) has sprung a pleasant surprise. In its latest data, the research body has said projects worth Rs 4 lakh crore were completed in FY12, the highest in the last few years. In the previous...
NEW DELHI: Its economy may be in the grips of a slowdown, its polity paralysed and markets morose, but all this hasn’t prevented India from overtaking Japan to become the world’s third-largest economy in purchasing power terms. Data just released by the International Monetary Fund (IMF) shows that India’s...
KOLKATA: The government has ordered state-run banks to lower lending rates immediately even before the ink has dried on the Reserve Bank of India’s decision to cut interest rates, potentially adding to the corporate governance debate triggered by the imposition of its will on Coal India. The direction from...
By Kalyani Shankar Of late the West Bengal chief minister Mamata Banerjee is in the news for all the wrong reasons. Her honeymoon with the press seems to be short. Today she is facing criticism for her unexplainable actions like arresting an academic...
The Congress high command may finally end up shifting Manmohan Singh from 7 Race Course Road to Rashtrapati Bhawan. Prime Minister Manmohan Singh is all set to be Congress candidate for the President of India‘s post. There is serious concern within the Congress top brass over the fast decline...
By Anjan Roy Two years after it started raising interest rates, the Reserve Bank of India cut its policy rates on April 17 for the first time. While doing this, RBI has added a rider that given the upside inflation risks still persisting, the scope for future rate cuts...
By S. Sethuraman India’s economy will remain in slowdown in 2012 at an estimated 6.9 per cent, after 7.2 per cent in 2011, with its twin deficits and risk to fiscal balance from energy subsidies while elevated inflation puts the country in a group of emerging economies, barring China,...
By Sugato Hazra Mamata is an irresistible subject, at least to the Indian media. Her rebellious attitude as a politician and even as a Union minister in New Delh ifound many a sneering mentions. Coupled with her weak command over any language other than her mother tongue and steadfast...
MUMBAI: Indian shares provisionally rose more than 1 percent on Tuesday after the central bank cut the repo rates by a bigger-than-expected 50 basis points in a bid to spur growth in the economy. Rate-sensitive stocks were amongst the gainers, though investors expressed caution about the scope of future easing...