Modi should go for quick disinvestment

Having received a decisive mandate, the world expects Modi to shun singles and doubles to focus on some lusty big hits!

Government making economy FDI-driven, says BJP

BJP accused the government of making the economy "FDI-driven" and asked if it had run out of ideas to contain inflation and fiscal deficit.

Low storage space for India’s growing harvest!

The deficit in storage has grave implications on the administration of the Food Security Act.

Foreign companies not needed to revive economy: Hazare

Social activist Anna Hazare on Sunday criticised Prime Minister Manmohan Singh for inviting foreign companies to the country to prop up the economy.

India likely to be largest economy by 2050: US

US Assistant Secretary of State (Bureau of South and central Asian affairs) Robert O Blake on Friday said the future of Indian economy seems very bright and the country is likely to become the world`s largest economy by 2050.

US losing competitive edge to India: Obama

US Presidend Obama says the United States have created new energy technologies and high-skilled jobs "not in America, but in countries like China, India and Germany".

Indian economy likely to grow nearly 7% in FY10: SBI

SBI Chairman O P Bhatt on Monday sounded
much optimistic on economic growth and projected nearly seven
per cent expansion this fiscal, on a day when RBI professional
forecasters revised down the forecast to six percent.

Indian staff remained optimistic about companies` future in Q3

Indian employees maintained high level of confidence in the future of their companies in the third quarter of this year compared to their global peers, a study says.

Economy will stabilise in 6 months: Ahluwalia

India`s economy will stabilise in the next six months and loan growth is showing signs of improvement, the plan panel deputy chairman Montek Singh Ahluwalia said on Monday.

Exports drop 28.4%; demand seen returning next year

India`s exports dropped 28.4 percent in July, the tenth straight month to record a fall, even as the Planning Commission saw a recovery next year when demand returns in rich nations.

Planning Commission warns on inflation

Planning Commission warned on Tuesday that wholesale price inflation could end the fiscal year above the Reserve Bank of India`s forecast of 5 percent, as a poor monsoon drives up food prices.

Govt payout acts as stimulus, sparks consumption

Life has changed for Deepika Chatterjee. She plans to buy a house, travel in a chauffeur-driven car and no longer hesitates before buying expensive airline tickets.

Manufacturing growth falters in August: PMI

Indian manufacturing activity expanded at its slowest pace in five months in August as companies struggled to raise selling prices despite higher costs, a survey showed on Tuesday.

Planning Commission sees 2009-10 GDP growth at 6.3%

The plan panel expects the economy to grow 6.3 percent in the year to March 2010 and at a faster pace in the following years, it said in a background paper which will be presented in a meeting with the Prime Minister.

FDI increased 8% in June to USD 2.58 billion

India has attracted Foreign Direct Investment worth USD 2.58 billion in June, an eight percent increase over the same month last year, a senior official said on Wednesday.

Economy to slip on deficient monsoon, swine flu: Economists

The deficient monsoon has further
dampened the growth prospects of India`s economy, already
impacted by the global financial crisis and, now, the latest
import -- swine flu.

Narrowing fiscal deficit relevant for stabilisation: RBI

At a time when fiscal deficit is
burgeoning at 6.8 per cent of GDP, an occasional paper from
the RBI says narrowing the deficit is relevant for
stabilisation as money supply expansion leads to inflation.

India to have U-shape economic recovery in next 2 qtrs

The government today forecast the
economy would see a `U` shaped recovery in the next six months
with the stimulus measures sustaining growth.

Sugar output may fall to 13 mn tonne in 2009-10: Farmers` body

India`s sugar production may slump
to about 13 mn tn in the 2009-10 season as farmers
refrained from taking to the cash crop in a major way after
the Food Ministry suggested a smaller support price of
sugarcane.

India tops in global remittance flow: World Bank

India has retained its position
as the highest recipient of global remittance flow.