Webremixed Articles for tags: economy

Farm profitability an elusive goal

Thu, 04 Dec 2008 00:06:04 GMT

The government is keen to take credit for the increase in credit flow to the agriculture sector. It boasts that the target-set in 2004-05-to double agricultural credit in three years was achieved in two years.

Oil at $47 puts OPEC in a tight spot

Wed, 03 Dec 2008 23:51:04 GMT

Crude oil continued its downward journey, trading above $47 a barrel in the international market on Wednesday, while shedding over 2% on futures trading on MCX.

No takers for loans despite rate cuts

Wed, 03 Dec 2008 23:36:04 GMT

Rate cuts have failed to enthuse borrowers. Even after banks cut their benchmark lending rates (PLR), credit offtake still remains low. As a result, surplus liquidity in the system is rising.

Banks want RBI to ease realty NPA norms

Wed, 03 Dec 2008 23:21:04 GMT

In a bid to avoid classifying advances to troubled real estate companies as bad loans, banks have urged RBI to put in place a uniform norm for restructuring debt to realty companies.

Fertiliser sop to run up Rs 4 lakh-cr bill in 4 yrs

Wed, 03 Dec 2008 23:06:04 GMT

The government’s fertiliser bill is likely to cross Rs 1,00,000 crore in the current fiscal, with the depreciating rupee mitigating any gains made on the drop in its prices.

Faster tax refunds for SEZs soon

Wed, 03 Dec 2008 22:51:04 GMT

The commerce department has taken up the issue of tax refunds for SEZ developers with the finance ministry and is pressing for quick implementation of an earlier decision by the empowered group of ministers (EGoM).

Core, exports likely to get Rs 17k-cr recovery pack this Sat

Wed, 03 Dec 2008 22:36:04 GMT

ET now has more details of the stimulus package for the economy hit by the global financial crisis and demand slowdown.

Tough road ahead for FDI in sensitive areas

Wed, 03 Dec 2008 22:21:04 GMT

A comprehensive legislation to scan foreign investments in sensitive sectors, that had been gathering dust over the last few months, is being revived again following the terror attacks in Mumbai.

Oil prices slump under $45 a barrel

Wed, 03 Dec 2008 22:06:04 GMT

Oil tumbled under $45, hitting lowest point since Feb 2005, on concerns about darkening outlook in US economy. World's top 10 oil producers | Survive crisis

India's GDP to grow at 6.5 pct in 2008/09

Wed, 03 Dec 2008 21:51:04 GMT

UBS said on Wednesday it expects India's economy to slowdown to 6.5 percent in the 2008/09 fiscal year ending March due to the downturn in capital expenditure and manufacturing.

Govt to cut excise on CVs on Saturday

Wed, 03 Dec 2008 18:23:52 GMT

Govt to announce a cut in excise duty on commercial vehicles, sales of which have dropped over last several months.

Oil prices slide under 45 dollars per barrel

Wed, 03 Dec 2008 18:08:52 GMT

World oil prices sank under 45 dollars per barrel in London on Wednesday for the first time since February 2005.

India's securitisation market better-placed than US: Crisil

Wed, 03 Dec 2008 17:53:52 GMT

India's retail securitisation market is better placed than the US and has shown greater stability with few rating downgrades.

Who will be new deputy governor of RBI?

Wed, 03 Dec 2008 17:38:52 GMT

Incumbent Vittaldas Leeladhar, one of four deputy governors, is due to retire on Friday just ahead of his 62nd birthday on Sunday.

Cheap oil: Good for short-term, bad for long-term

Wed, 03 Dec 2008 17:23:52 GMT

Low energy prices squeeze investment in the oil industry, reducing future supplies. Gainers: BSE (A, B), NSE | Losers: BSE (A, B), NSE | 52 Week: High, Low

Inflation seen at 8.91% on Nov 22

Wed, 03 Dec 2008 12:24:38 GMT

Annual inflation rate should have edged up in the third week of November due to higher prices of food items.

Oil rises slightly after plunging to 3-year low

Wed, 03 Dec 2008 12:09:38 GMT

Oil prices rose slightly Wednesday in Asia after hitting a three-year low overnight as investors tried to gauge how much the slowing U.S. and Chinese economies will hurt demand for crude.

OPEC to cut oil supply at December meeting-Qatar

Wed, 03 Dec 2008 11:54:38 GMT

OPEC will cut oil output at its next meeting on Dec. 17 in Algeria, Qatar's oil minister said on Wednesday. "For sure we will cut in Oran (Algeria)," Abdullah al-Attiyah told reporters on the sidelines of a petrochemical conference in Dubai.

Crude oil futures dip over 3-year low

Wed, 03 Dec 2008 11:39:38 GMT

Crude oil on Wednesday extended its losses by losing another 2.26 per cent in futures trading on the Multi Commodity Exchange on demand concerns amid increasing worries about a global slowdown.

Security tops India Inc.'s concerns after attacks

Wed, 03 Dec 2008 06:18:04 GMT

Mumbai is largely back open for business, but if the government doesn't improve the nation's security India Inc. may sink, corporate leaders say.

Oil rises more than $1 towards $48 a barrel

Wed, 03 Dec 2008 06:03:04 GMT

Oil rose more than $1 to almost $48 a barrel on Wednesday, recovering from a more than $100 tumble from July peaks that has left it at three-and-a-half year lows.

Global Inc ready to do business with Mumbai

Wed, 03 Dec 2008 00:16:18 GMT

Will last week’s terror attacks in Mumbai push up India’s geopolitical risk perception and drive away foreign investors and business travellers?

Rate cuts, interest subsidies likely by the weekend

Wed, 03 Dec 2008 00:01:18 GMT

Money markets were flush with liquidity, with banks parking over Rs 51k crore of surplus funds with RBI.

Exporters need sufficient succour

Tue, 02 Dec 2008 23:46:18 GMT

The government has already indicated it would provide fiscal stimuli to exporters-those from textiles, gems and jewellery etc in particular.

Indo-SAARC: Untapped Potential

Tue, 02 Dec 2008 23:31:18 GMT

India's trade with SAARC countries has been growing rapidly, but the global economic slowdown and financial crisis will have a cascading effect on this trade.

India- SAARC: Partners In Trade

Tue, 02 Dec 2008 23:16:18 GMT

Since its inception, the Indo-SAARC trade has ushered in an era of mutual co-operation between India and other SAARC members.

Indo-SAARC Trade: An Ocean Of Opportunities

Tue, 02 Dec 2008 23:01:18 GMT

With the major economic superpowers like USA, UK and Japan facing recession and collapse of major iconic banks, the world is now unanimous in its view that India, China and Brazil can no longer be ignored

Onion exports may jump 70%

Tue, 02 Dec 2008 22:46:18 GMT

Onion shipments are expected to have leaped by about 70% to over 100,000 tonne last month despite the hike in the minimum export price by $50 a tonne in mid-November to boost domestic supply.

Oil slips below $48 on OPEC compliance

Tue, 02 Dec 2008 22:31:18 GMT

Oil prices fell below $48 a barrel on Tuesday as news that OPEC made only two-thirds of its pledged output cuts last month outweighed a rebound in the US stock market.

RBI no to opening shrinking forex chest to banks and FIs

Tue, 02 Dec 2008 22:16:18 GMT

The Reserve Bank India (RBI) has rejected a request to directly lend US dollars from the country’s foreign exchange reserves to financial institutions.

World Bank credit line may power PSB recapitalisation

Tue, 02 Dec 2008 22:01:18 GMT

Funds will help banks set aside 12% of capital as cushion against losses.

Chinese cos won't get to map GPS biz

Tue, 02 Dec 2008 21:46:18 GMT

The government will not allow Chinese firms to invest in security services, especially in the global positioning system (GPS)-based products and operations.

Govt to consider using "citizen journalists" to monitor NREGA

Tue, 02 Dec 2008 18:23:28 GMT

The government will consider utilizing the services of some people as "citizen journalists" who would report on the status of implementation of its flagship National Rural Employment Guarantee programme.

Oil back above $49 after early dive

Tue, 02 Dec 2008 18:08:28 GMT

Oil pared losses on Tuesday after an earlier fall to a new 3-1/2-year low below $48 a barrel, weighed down by heavy losses in global stock markets after confirmation that the United States was in recession.

Will Mumbai attacks drive away foreign investors?

Tue, 02 Dec 2008 17:53:28 GMT

Credit crisis will continue to be the main determinant affecting investment to India. Stocks Losers: BSE (A, B), NSE | Sectoral Losers | Stocks 52 Week: High, Low

US recession has India Inc, economists worried

Tue, 02 Dec 2008 17:38:28 GMT

Analysts say that India was unlikely to plunge into recession, but a slowdown was imminent. Competitive economies | 2008: Year of global financial crisis

Oil falls below $46 to 3-1/2-year low

Tue, 02 Dec 2008 17:23:28 GMT

OPEC may cut production by a significant amount when it meets later this month. Stocks Losers: BSE (A, B), NSE | Sectoral Losers | Stocks 52 Week: High, Low

Oil falls below $48 to 3-1/2-year low

Tue, 02 Dec 2008 17:08:28 GMT

OPEC may cut production by a significant amount when it meets later this month. Stocks Losers: BSE (A, B), NSE | Sectoral Losers | Stocks 52 Week: High, Low

Govt may borrow more, decision soon: Report

Tue, 02 Dec 2008 16:53:28 GMT

The government is likely to borrow more than budgeted for the fiscal year to the end of March and a decision is expected soon, a senior finance ministry official said on Tuesday.

Govt may borrow more, decision soon

Tue, 02 Dec 2008 12:11:18 GMT

The government is likely to borrow more than budgeted for the fiscal year to the end of March and a decision is expected soon, a senior finance ministry official said on Tuesday.

GDP to grow at 7.1 pc in FY10: Kotak

Tue, 02 Dec 2008 11:56:18 GMT

India's economy could grow 7.1 per cent in the fiscal year 2009/10 beginning in April, backed by creation of new capacities, and helpful fiscal and monetary policies, Kotak Institutional Equities said in a client note on Tuesday.

Oil prices drop to $46

Tue, 02 Dec 2008 11:41:18 GMT

Oil prices slumped to just above 46 dollars here on Tuesday, reaching the lowest point in almost four years, as global energy demand weakened amid a widespread economic slowdown.

Oil falls to 3-year low on bleak US economic news

Tue, 02 Dec 2008 11:26:18 GMT

Oil prices fell to a 3-year low below $48 a barrel on Tuesday in Asia.

Oil slides below $49, nearing three and a half year low

Tue, 02 Dec 2008 06:08:58 GMT

Pressure is build due to OPEC's decision to leave output unchanged and growing gloom about the global economy. What drives oil prices? | Impact of oil price rise

Actis mops up $2.9 bn; India to get $1 bn

Tue, 02 Dec 2008 00:22:24 GMT

Leading private equity firm Actis has closed a $2.9-billion private equity fund, of which about $1 billion is likely to be invested in Indian companies over the next four years.

Andhra pays for fiscal profligacy, may be denied debt relief

Tue, 02 Dec 2008 00:07:24 GMT

The state has launched several populist schemes including the Rs 2 kg-rice scheme to woo voters.