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Savings growth declines to 7% from 23%; imperils growth
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India's economy could grow at a faster pace in the next fiscal but a slowdown in savings could prevent it from rising substantially more than the 7.2% increase the government expects in 2011-12.[...More]
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Govt revises 2010-11 GDP to 8.4% from 8.5%
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The Indian economy grew 8.4% in 2010-11, marginally lower than the previous estimate of 8.5%, on the back of strong farm sector and services sector growth, data showed on Tuesday.[...More]
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No end in sight to govt's fiscal worries
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More evidence about the tight fiscal situation emerged on Tuesday as data showed the deficit between April and December had - at Rs 3.81 lakh crore - reached 92.3% of the 2011-12 estimate. It stood at 44.9% of the 2010-11[...More]
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Invest more, be growth drivers: PM to PSUs
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PM Manmohan Singh on Tuesday asked the public sector to invest more - both domestically and overseas - and be the growth driver amid a tough global economic environment.[...More]
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Per capita income crosses Rs 50,000
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The per capita income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year[...More]
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'GDP growth may decline to 7-7.25% in FY'12'
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India’s GDP growth is likely to decline to 7-7.25 per cent this fiscal from 8.4 per cent in 2010-11 due to slackening industrial output and slowdown in global economy[...More]
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Fidelity kicks off review of India MF biz
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Fidelity Worldwide Investment, which runs Fidelity Mutual Fund in India , is conducting a strategic review of its India operation, which may eventually lead to a change in the shareholding pattern of the asset management company (AMC).[...More]
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Economy grew at 8.4% in 2010-11
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Economic growth rate for 2010—11 revised downward to 8.4 per cent from earlier estimate of 8.5 per cent. [...More]
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Commodity rates remain unchanged
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Prices of all commodities remained unaltered today in the wholesale foodgrains market here today.[...More]
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Rupee opens up on capital inflow hopes
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Rupee opened stronger on Tuesday as improved risk appetite across Asian equities fuelled expectations for capital inflows, but demand for dollars from oil importers will be a key factor later in the day. [...More]
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Pranab rebuffs US on Iran, outsourcing
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India's seniormost cabinet minister pushed back against the United States on Sunday, rejecting pressure from Washington to curtail oil imports from Iran and disapproving American political rants against outsourcing of jobs. [...More]
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55% Indian CEOs confident of revenue growth this year: Survey
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As top leaders from across the world converge here to discuss the business of the world, the CEOs have painted a gloomy picture for global economy in a worldwide survey. [...More]
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Government to scrap weekly inflation data release
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The government will discontinue weekly release of food and fuel inflation data based on wholesale price index (WPI) and instead shift to monthly reporting, a government official[...More]
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Budget may be presented around mid-March
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Union Budget may be presented around middle of March. [...More]
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Financial crisis deepens as govt spends high on development
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The state's spending of Plan funds has picked up from December, 2011 indicating that it is spending more on development work, but ironically, it has pushed the state to the brink of a deeper financial crisis.[...More]
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