While there is pressure on the Reserve Bank of India to cut policy rates to spur stagnating industrial growth rates, Pronab Sen, principal advisor to the Planning Commission, says the central bank should exercise caution till it is sure inflationary expectations are under control.
Advance estimates on Tuesday estimated nominal GDP this financial year to be slightly less than that projected in the Budget, and this would magnify fiscal deficit as a portion of GDP.
In an interview with Business Standard, he says investments would pick up and inflation would fall in the next financial year, providing the Reserve Bank of India the room to cut rates.
The two government upstream companies, along with GAIL, make good a third of the losses made by government oil marketing companies.
Smaller real estate entities have been active in the past six to eight months in launching big-ticket residential projects. Factors like the high debt of realty companies listed on the exchanges and small builders not having the capacity to hold on to a licence for too long have influenced launches.
Food inflation has entered negative territory but consumers have had no respite on cost of living.
The question is which tool it should use to shift gear.
Month-on-month stats show industrial output shrank 4 times till Oct in 2011-12.
With not much hope on robust tax collections and disinvestment, economists peg the gap between the government's expenditure and receipts to be between six and seven per cent for this financial year.
It's not just the high street across India that will feel the pinch of the weakening rupee against the dollar.
Economists and industry chambers are divided whether the Indian economy is headed towards the same slow growth as was the case during the time of global financial crisis.
Industrial growth has entered the negative zone in October, two years after the global financial crisis. But Prime Minister's Economic Advisory Council chairman C Rangarajan pins hopes of a revival in the fourth quarter.
Size seems stuck at a low when compared with other developing economies, with various issues dogging growth.
Govt issues draft on new index calculation; other sectors to follow suit in phases.
Even so, whenever a hitherto closed sector has been opened to FDI or the sectoral investment cap has been raised, the move has drawn strong protest. The latest instance is multi-brand retail.
It's a race among real estate developers to complete a floor quicker than the rest. With timely delivery of projects turning into a selling point, innovative technology is being put to use by realtors like never before.
Petroleum secretary G C Chaturvedi said the arbitration notice grants a time of up to a month to respond and there was no hurry.
The consumption of petroleum products in India is growing at a rate much lower than the conservative projection of 4.58 per cent made for this year by the Petroleum Products Planning and Analysis Cell (PPAC), a wing of the petroleum ministry.
With major sectors of the economy showing signs of slowdown, the list of those pegging India's economic growth at below eight per cent in the current financial year is expanding.
Seeks deferred payments for domestic purchases, dollar window.
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