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.
DoT has stated in an internal note that the 3G roaming agreements between these three companies are tantamount to their becoming mobile virtual network operators, something not allowed under the current policy.
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.
Proposes conversion of Rs 1 lakh crore cumulative losses into bonds or loans.
According to a senior company official, BSNL is in the process of appointing recovery agents on a commission basis to bring back the money.
The Department of Telecommunications is planning to give more powers to the telecom regulator, Telecom Regulatory Authority of India, in the new telecom policy, including the power to impose financial penalties on the erring telecom service providers.
Over 60 per cent of these borrowings are slated to be mopped up in the festival season.
The New Telecom policy 2011 and the Spectrum Act are expected to address these concerns.
The exercise is ostensibly for security reasons and to prevent misuse of the freedom of speech in cyberspace.
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 new telecom policy-2011 is also expected to come out with new norms for mergers and acquisitions, enhancing rural coverage, and spectrum allocation, among other things.
This means the regulator can bring rates under regulation once again. Currently, the rates are determined by market forces.
Unitech has already tied up with hospitality chain Carlson for the Gurgaon property, and with Marriott for both the Noida and Kolkata hotels.
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