Jul
22
Do we need the nuclear deal with the US?
Filed Under Globalization, Indian Economy, World Economy | Leave a Comment
The new nuclear bargain means different things to different people, both here and in the United States — a case of the elephant and the blind men!
Dire consequences to our national security are forecast by our strategic community because we would have access to nuclear power trade and international cooperation.
So the first [...]
Jul
17
RBI may further squeeze money supply to control inflation
Filed Under Indian Economy | Leave a Comment
The Reserve Bank may go in for further tightening of money supply as there is no likelihood of inflation coming to single digit in the next six months, according to indications given by the Central Bank Governor to a parliamentary panel.
Some more monetary measures may be taken to contain the aggregate demand to counter inflation, [...]
Jul
16
How to tackle Inflation
Filed Under Indian Economy | Leave a Comment
The inflation fire is now an inferno. It singed wallets on its way from 4.7 per cent in July 2007 to 8.86 per cent in May 2008. It did not stop there, but shot up to a 13-year high of 11.42 per cent for the week ended 14 June. Much of this recent rise is [...]
Jul
15
Economy is not slowing down: Confederation of Indian Industry (CII)
Filed Under Indian Economy | Leave a Comment
Strongly denying that economy is slowing down, CII President K V Kamath on Monday said, one has to see India Inc’s performance in the next two quarters to pass a judgement.
Pointing out that corporates have an investment pipeline of USD 700 billion to USD 750 billion, Kamath, also the Managing Director and CEO [...]
Jul
14
Oil prices fell by more than USD 1.50 in Asia on Monday after supply worries helped push prices to a record high last week.
New York’s main oil contract, light sweet crude for August delivery, fell USD 1.65 to USD 143.43 a barrel.
The contract hit an intra-day peak of USD 147.27 before closing [...]
Jul
13
IT sector growth may dip in 2008-09
Filed Under Economic Growth, Indian Economy, World Economy | Leave a Comment
The Indian IT industry, which has been clocking impressive growth rate in recent years, is likely to see a slow down in the next fiscal due to competition from China, the Philippines and Sri Lanka, industry body NASSCOM has said.
The growth rate might come down by six per cent due to the competition [...]
Jul
4
Inflation raced to a fresh high of 11.63 per cent for the week ended June 21, 2008, on the back of surging food and commodity prices.
While food articles were up 0.6 per cent, food products rose 0.9 per cent and non-food articles were up 0.4 per cent. Likewise chemicals and products were up 0.6 per [...]
Jul
1
The rupee weakened to a 15-month low on Tuesday, as high global crude prices pumped up demand for dollars from oil refiners, heightening concerns of a rising trade deficit.
At 11:44 am (0614 GMT), the partially convertible Indian rupee was at 43.2425/2500 per dollar, its weakest since April 3, 2007.
It had ended [...]
Jun
30
Indian shares fell 2.5 per cent on Monday to post their biggest monthly loss in 16 years, as political uncertainty and soaring oil prices took their toll on investor sentiment.
The top-30 BSE index dropped to its lowest close in more than 14 months, and registered its second quarterly fall in a row that took [...]
Jun
30
India’s economic growth may fall to 7.5%: Dresdner
Filed Under Economic Growth, Indian Economy | Leave a Comment
Soaring inflation and high interest rates are expected to take a toll on the Indian economy, which is expected to witness a growth rate of 7.5 per cent this financial year against 9 per cent in 2007-08, according to Germany based Dresdner Bank.
“For this fiscal year, we now expect GDP growth of only 7.5 [...]