Despite rising subsidy bill, says fuel price action and other steps in contemplation would keep it at 5.3% of GDP, not more
The tide of the global economy has again turned to anti-growth in general.
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday pegged India's growth this financial year at 6.5-7 per cent. He added the country had taken various steps to boost investment, the results of which would be seen in six months.
Prime Minister Manmohan Singh on Saturday asked European countries to take firm steps to fix the continent's financial mess, which was hitting India's economic growth and dampening global markets.
Corporations and business associations must strengthen their direct communications and consultations with citizens - and earn the trust of society.
Like the previous two plans, the 12th five-year Plan (2012-17) also officially began without a final document in place.
Officials do not believe economic growth would go down as low as 6.8 per cent.
Crucial financial sector reforms are again stuck, despite Finance Minister Pranab Mukherjee's appealing to political parties to help pass the legislations in this regard.
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.
Over 60 per cent of these borrowings are slated to be mopped up in the festival season.
Inflation is awfully close to 10 per cent, double digits. The main concern is that it has persisted at that level for a long time. The RBI would have to take that persistence into account, suggesting that it is still a problem and vigilance is still required on inflation.
Inflation is awfully close to 10 per cent, double digits. The main concern is that it has persisted at that level for a long time. The RBI would have to take that persistence into account, suggesting that it is still a problem and vigilance is still required on inflation.
The pension reforms Bill is likely be passed with the Bharatiya Janata Party (BJP) deciding to support it in the parliamentary standing committee. The Bill has been pending since 2005. Its revised version was tabled in the Budget session of Parliament this year.
Consumption per capita was 5.6 times less in a month for the bottom ten per cent of the population than the top 10 per cent in rural areas during 2009-10.
In non-conventional sources of energy like solar, Japanese firms can collaborate with Indian counterparts.
Reservations expressed by the Reserve Bank of India (RBI) notwithstanding, North Block, the finance ministry headquarters, is going ahead with its plans to set up a full-fledged Debt Management Office (DMO) to manage the government debt.
Ground reality suggests that someone from the developing world does not stand a chance to emerge victorious.
French auction was tried for two issues - NTPC Ltd and Rural Electrification Corporation - in 2009-10.
Says it is worried a general pardon will send wrong signal
India ranked 52 in 2011 index against its position at 53rd among 125 nations a year ago.
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