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Planning Commission grants Rs 59,000 cr plan for Gujarat
"Gujarat had asked the planning commission for Rs 58,000 crore, but the commission of the opinion that Gujarat is capable of adding to the growth of the country and hence granted Rs 59,000 crore," Modi said . #Economy #Gujarat #Narendra Modi #NewsTracker #Planning Commission #Montek Singh Ahluwalia
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Spectrum auction: Telecom EGoM may meet on 26 June
The government has to conduct the third round of spectrum auction in order to comply with the Supreme Court order. #Economy #India #Business #Supreme Court #PolicyWatch #Spectrum Auction #EGoM on telecom
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Food security: For poors sake, jholawalas must speak up
The subsidy to the rich accounts for more than 7 percent of the GDP while that for the poor, with the food security act, would account for 1.1 percent. #Economy #CAG #ConnectTheDots #PolicyWatch #Food Security Bill #poor
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Chidu takes comfort in Fitch upgrade, but where are real reforms?
At a press conference, Finance Minister P Chidambaram, however, did not reveal any concrete steps but promised more reforms by August. He said the rupee�s decline is in line with that of the currencies of other countries with high current account deficit like India. #Economy #Rupee #TheySaidIt #Chidambaram #Reforms
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BJP slams Chidambaram for congratulating himself on state of economy
The main opposition also criticised Chidambaram for suggesting that people should not invest in gold. #Economy #P. Chidambaram #Congress #BJP #NewsTracker #Nirmala Sitharaman
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Supply bottlenecks hampering India's growth, says World Bank
Developing country GDP is now projected to be around 5.1 percent in 2013, strengthening to 5.6 percent and 5.7 percent in 2014 and 2015, respectively. #Economy #India #World Bank #ConnectTheDots #Kaushik Basu #Developing countries #Euro Area
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Optimistic World Bank sees 6.7% GDP growth for India by FY'15
The World Bank today forecast a 6.7 percent growth rate for India by next fiscal as exports and private investment are projected to strengthen and provide a boost to growth. #Economy #GDP #World Bank #Growth #Expert View
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Why Fitch's revised 'stable' outlook on India is a breather for FM
Fitch Ratings has revised India's outlook to stable from negative on measures taken by the government to contain the budget deficit. #Economy #P. Chidambaram #fiscal deficit #ExpertView #Fitch #India outlook #Stable #Fitch credit rating
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IIP disappoints: SBI chief says policy makers must wake up
The chairman of the nation's largest bank stressed the need to give more attention to the industrial sector, saying all major economies in the world have grown on the back of their manufacturing prowess. #Inflation #Economy #IIP #SBI #ExpertView
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Preview: April industrial output rose, but at a slower pace
Production at factories, mines and utilities rose an annual 2.4 percent, after a 2.5 percent rise in March, according to a consensus forecast of 25 economists. Forecasts ranged from an expansion of 1.5 to 4.0 percent. #Numbers #Economy #RBI #IIP #industrial output #Growth #factory