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Sales volume in real estate sector in Chennai declines: Study

Last Updated: Thursday, January 09, 2014, 17:37

Sales volume in the real estate sector in the city during the last one year witnessed a 33 percent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.

Immediate challenge is to go back to 8% growth: Mukherjee

Last Updated: Friday, December 20, 2013, 14:46

"Our economic growth declined during the last two years. At five percent in 2012-13, it was the lowest in the last ten years," President Pranab Mukherjee said.

More items under duty drawback scheme for exporters

Last Updated: Saturday, September 14, 2013, 20:40

Government Saturday rationalised the duty drawback and brought more items under the scheme for tax refund to exporters to give a boost to overseas shipments.

'Negative narrative' cast adverse impact on economy: Sharma

Last Updated: Saturday, August 31, 2013, 22:57

An atmosphere of 'negative narrative' in the country cast adverse impact on the economy and contributed to the present crisis, Commerce Minister Anand Sharma said Saturday.

Export outlook optimistic, says Sharma

Last Updated: Saturday, August 31, 2013, 18:32

Commerce and Industry Minister Anand Sharma today expressed optimism that the recent pick-up in exports will continue through the rest of the financial year despite the global slowdown.

Tata Steel to bid for Indian iron ore assets of Stemcor

Last Updated: Saturday, August 03, 2013, 14:22

Tata Steel would make a bid for buying the Indian iron ore assets of one of Britain's largest independent steel trading companies Stemcor.

Exim Bank looks at 20% growth this fiscal

Last Updated: Friday, August 02, 2013, 15:39

The Exim Bank is looking at a 20 percent growth in loan portfolio during the current financial year despite the slowdown which has gripped many countries, particularly European ones.

China is expected to grow at around 7.75% this year: IMF

Last Updated: Wednesday, July 17, 2013, 19:29

China's economy, the world's second largest, is expected to grow at around 7.75 percent this year, the IMF forecast on Wednesday, notwithstanding a moderate slowdown during the first half.

Global slowdown may dampen export growth prospects in 2013

Last Updated: Friday, December 28, 2012, 12:51

Indian exports, which were hit by global slowdown last year, are likely to remain sluggish during 2013 as well due to challenging economic conditions in western economies, though policymakers have drawn a strategy to diversify exports.

IMF lowers global economic growth forecast following China, India slowdown

Last Updated: Tuesday, September 25, 2012, 19:04

The International Monetary Fund (IMF) has lowered its outlook for global growth over the next two years.

Govt taking steps to take economy to higher growth path: Seth

Last Updated: Tuesday, September 04, 2012, 16:00

Although global slowdown is affecting the country, the fundamentals of Indian economy are strong and the government is taking a series of steps to see it moves to a higher growth trajectory, Cabinet Secretary Ajit Kumar Seth on Tuesday said.

Canada's deficit down amid sluggish economy

Last Updated: Saturday, September 01, 2012, 14:18

While Canada appears to be on track in reducing its budgetary deficit, global economic uncertainty could stall the government's plan, the federal Finance Department warned.