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June 19, 2013
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Economy
FIPB clears 16 FDI proposals worth Rs 1,647 crore
The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore, while deferring Punj Lloyd`s proposals for lack of security clearance.
Latest News
Drop in inflation can pave way for rate cut: India Inc
Industry chamber Ficci asked the RBI to consider a rate cut and persuade banks to pass on benefits to borrowers.
India will be back to 8% growth in few years: Khurshid
"We are quite confident of getting back to 7 or 8 percent growth in a few years," Khurshid said, addressing an audience of academics, students and UK-based Indian entrepreneurs for the first-ever India Day at Oxford University.
India to be world's most populous country by 2028: UN
India's population is expected to surpass China's around 2028, according to a UN report launched Friday.
Plan Comm expects CAD to ease in 2013-14
The Planning Commission on Friday said it is expecting the Current Account Deficit (CAD) to ease in the current fiscal with moderation in demand for gold.
Quick-fixes cannot solve economic worries, long-term view needed: FM
P Chidambaram further said the government will announce steps by the end of this month or next month to boost investment and growth.
Import lobbies threaten petroleum ministers: Moily
Moily however refused to name anyone or identify anyone who may have directly or indirectly threatened ministers.
Gold price today: Latest updates
Gold prices continued their downturn by slipping further Rs 16 to Rs 27,750 per ten grams in futures trade Friday against their previous close of Rs 27,734.
Inflation at 43-month low of 4.7%; scope for rate cut by RBI
Falling for the fourth straight month, inflation reached the lowest level since November 2009 when it was 4.50 percent.
Indian cos overseas investment trebles to $7.64 bn in Apr
Overseas direct investment by Indian companies more than trebled to USD 7.64 billion in April, from USD 1.89 billion in March, data from the Reserve Bank showed Thursday.
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