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Investment allowance will boost capex in mfg sector: CMIE

The government move to provide investment allowance of 15 percent to manufacturing companies will give the much-needed push to the industry as well as the economy, says Centre for Monitoring Indian Economy (CMIE)

Cement production likely to rise 6.4% in FY'13: CMIE

Country's cement production is likely to rise by 6.4 percent this fiscal, following an estimated growth of 4.8 percent in December-March 2013 quarter, Centre for Monitoring Indian Economy (CMIE) has said.

GDP to grow at 6.8% in FY14: CMIE

After facing headwinds for two consecutive years, the economy is set to grow at 6.8 percent next fiscal on reversal in deterring factors, says the economic think tank Centre for Monitoring Indian Economy (CMIE).

Production of major crops likely to fall by 2.8% in FY13: CMIE

Major crops production in the country, both food and non-food, is expected to decline by about 2.8 percent in 2012-13, mainly due to lower output of paddy, coarse cereals and pulses following irregular rainfall, economic think-tank CMIE has said.

New investment proposals to pick up in March qtr: CMIE

VGS of January 2009 and January 2011 had seen Gujarat's share in total new investments go up from an average 8.7 percent during the period April 2002-December 2008 to 37.2 percent in the March 2009 quarter.

Telcos to add 48.9 mn subscribers in FY14: CMIE

Recent fall in subscriber base -- nearly 36 million --is mainly due to implementation of mobile number portability (MNP) and the clean-up exercise by service providers, said the Centre for Monitoring Indian Economy (CMIE) in its report.

Projects worth Rs 4.8 lakh cr to be completed in FY13: CMIE

This will be the highest ever project completion in a single year, it said.

Corporate profits to soar 26% in Q3: CMIE

"We expect corporate profits to grow by a smart 25.9 percent in the December quarter compared to the year-ago quarter," the Centre for Monitoring Indian Economy (CMIE) said in its latest report on the domestic economy.

Major crop production expected to fall by 2.8% in FY13: CMIE

Production of rice is projected to fall by 3.4 percent in FY13 as its acreage declined by 4.1 percent to 375 lakh hectares as on November 2.

CMIE pegs GDP growth a tad down to 6% this fiscal

The Centre for Monitoring Indian Economy (CMIE) has lowered its growth forecast to 6 percent, from 6.2 percent projected earlier, for this fiscal, owing to the delay in recovery in industrial sector and the fall in mining, manufacturing and construction segments.

Auto production may end FY13 with 6% growth: CMIE

The recovery in the production is expected to come on the back of festival season and a host of new launches by auto companies, the Centre for Monitoring Indian Economy (CMIE) said in its latest report.

Yarn production to rise by 6.5% in 2012-13: CMIE

Yarn production is likely to grow by 6.8 percent in 2012-13, mainly on account of rise in cotton yarn production, according to economic think tank CMIE.

Profitability of corporate India set to improve: CMIE

Improvement in performance of the manufacturing sector is expected to boost the profitability of corporate India this year, according to Centre for Monitoring Indian Economy.

Major crop production to dip by 2.3% in FY'13: CMIE

Kharif acreage continued to remain sluggish as of September 28, and sowing dipped by 5.5 percent to 971 lakh hectares, it pointed out.

Oil demand to grow 5.2% on poor rains, power shortages: CMIE

The ongoing issues in the power sector, which is badly hit by coal and gas shortages, coupled with poor monsoons in some states, will increase the demand for oil products, which is set to increase to 5.2 percent this fiscal from 4.4 percent a year ago, says the Centre for Monitoring Indian Economy (CMIE).

FII inflows expected to be stronger in H2 FY 13 at $11.2 bn

FII inflows are expected to get stronger in the second half of this fiscal at USD 11.2 billion on account of leading FIIs started looking at India as a good long-term investment destination, Centre for Monitoring Indian Economy (CMIE) said in its monthly review.

Apr-Aug sees Rs 1.8 lakh cr worth of projects shelved: CMIE

Project shelving, which has been on rise for the past 18 months, had peaked at Rs 4.5 trillion last fiscal, CMIE said.

CMIE trims FY13 growth forecast to 6.3%

CMIE has downwardly revised its estimate for growth in manufacturing sector, which grew 2.5 percent in FY12, to 3.2 percent for the fiscal from the previous 3.7 percent.

Infra projects completion in FY13 to rise by 39%: CMIE

According to CMIE, the aggregate value of completed projects for FY13 is expected to rise to Rs 5.7 lakh crore compared to Rs 4.1 lakh crore in 2011-12.

Rly freight traffic to grow 5.2% this fiscal: CMIE

Railway freight traffic is likely to clock a 5.2 percent growth this fiscal on higher demand from coal and iron ore meant for domestic steel plants, a forecast by Centre for Monitoring Indian Economy (CMIE) says.