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GDP slowdown in Q1 due to higher subsidy outgo: Das

GDP slowdown in Q1 due to higher subsidy outgo: Das

Attributing the slowdown in first quarter GDP to higher subsidy outgo, Finance Ministry on Wednesday expressed confidence that good monsoon and impact of pay commission award will push the economic growth close to 8 percent in the current fiscal.

Bad loan write offs double to Rs 42,477 cr in 3 years

The amount of bad loans written off or restructured by the PSU banks has more than doubled in the last three years ending March 2014 to Rs 42,447 crore.

Manmohan Singh promises more reforms in coming months

Claiming that his government has put the country on a high growth momentum, Prime Minister Manmohan Singh on Friday promised to roll out more reforms in the next few months.

Asia bright aviation market despite slowdown: Study

Asia remains a "relatively bright" aviation market despite the recent slowdown, with a fast-expanding middle class providing the launchpad for further growth, a study by an airlines' body said on Thursday.

India can go back to 9% growth: Prime Minister

The large investments in the development of human resources that we have made in the last eight years would facilitate that outcome, Prime Minister Manmohan Singh said.