Supply constraints driving food prices up: Cabinet Secy

Amid inflation doubling to 1.54 per cent in October on monthly basis, the government on Monday admitted that there have been supply constraints on some food
items, leading to rising prices of those items.

Pranab sees economy doing better in current FY

Finance Minister Pranab Mukherjee said the economy is expected to do better in the remaining part of the fiscal, and asserted that there is no need to be panic on rising prices as there is enough food stocks in the country.

Pranab for deepening markets to withstand global shocks

A robust domestic demand will be key to withstanding the shocks and uncertainties that come with a global economy, Finance Minister Pranab Mukherjee said on Friday.

Pranab against tightening of monetary policy

Finance minister Pranab Mukherjee
on Wednesday said the Reserve Bank should not tighten the monetary policy as the government has planned to borrow huge amounts from the market.

Infra, pharma, IT to spur overall biz growth by 20%: ICICI

Private sector lender, ICICI Bank, expects the infrastructure, pharmaceuticals, education and IT sectors to contribute to overall business growth by about 20 percent this fiscal, a senior company official said.

India`s growth at 6-6.5% in `09-10: PMEAC

PM`s panel says the agriculture situation in India is disturbing & could impact growth.

Downturn arrested; economy to maintain 6.7 pc growth: FM

With arrest of the downturn and revival in the manufacturing sector, Finance Minister Pranab Mukherjee today said he expects the economy to grow by 6.7 per cent in the current year.

India to clock sustained growth by 2011: Report

Emerging economies, including
India, are set to return to sustained growth trajectory by
2011 on growing domestic demand even as the downturn in the
developed economies is likely to continue for the next several

`Back up` plan to deal with truant monsoon: FinMin

The government on Monday said it will prepare a "back up" plan to neutralise the impact of truant monsoon on agriculture and the country`s economic growth.

Between the Lines of Budget 2009

How Pranab Mukherjee managed to strike a fine balance between economic compulsions and political astuteness in Union Budget 2009...

Deflation and what it spells for India

After nearly 30 yrs, India is experiencing deflation once again. While inflation signifies a rise in prices, deflation indicates just the opposite.