I have no idea how that happened, lost for words, says Virat Kohli
The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
The country's exports, which came under severe pressure due to the global slowdown after October 2008, had aggregated a shade lower than $13 billion in January 2009.
Afsar Dayatar/Rediff.com brings us scenes from the Jug Jugg Jeeyo trailer launch.
Finance Minister P Chidambaram on Tuesday said India's farm sector needs to grow by 3-4 per cent for the economy to sustain a high 8 per cent growth.
With improved prospects for the farm sector, Centre for Monitoring Indian Economy on Friday raised the economic growth forecast for 2005-06 to 6.8 per cent from the earlier six per cent.
Ahluwalia's assessment of economic growth is marginally higher than 6.3 per cent projected by the Commission earlier.
The commission in its recent assessment of the economy also expects economic growth to go up to nine per cent in 2011-12, and further to 10 per cent in 2014-15.
A summary of Sunday's action in the Premier League.
The recent migration of marquee investments from Maharashtra to Gujarat seems to have rekindled the Marathi manoos sentiment.
RBI in its monetary policy forecasts the economy would grow at 6 per cent with an upward bias this fiscal, a rate that's in tandem with the Prime Minister's Economic Advisory Council Chairman C Rangarajan's projection of 6 to 6.5 per cent.
Reliance Industries, the Tata group, Bharti Airtel and Aditya Birla are among Indian conglomerates that have hedged their revenue and costs linked to the US dollar, giving them financial cover as the rupee fell past 80 against the greenback on Tuesday.
Rationalisation of income tax slabs, infrastructure status for digital services and incentives to hydrogen storage as well as fuel cell development were some of the suggestions made by various stakeholders at the pre-Budget consultation meeting convened by Finance Minister Nirmala Sitharaman. The customary pre-Budget consultation meetings were held with the finance minister virtually between December 15 and December 22, as per the finance ministry statement. More than 120 invitees representing seven stakeholder groups participated in eight meetings, scheduled during this period, it said.
China has set a gross domestic product growth target of around eight per cent in 2005, much lower than the searing 9.5 per cent achieved last year, while striving to ensure sustainable economic growth, employment generation, curbing inflation and soc
Finance Minister Nirmala Sitharaman on Tuesday met IMF managing director Kristalina Georgieva and discussed a range of issues, including impact of geopolitical situation on global growth.
The finance minister said the early signs of improvement in the Indian economy are seen despite no big recovery visible in the global economy.
India's ace tennis star Sania Mirza and her American partner Christina Mchale lost to Japan's Shuko Aoyama and Ena Shibahara in the women's doubles event final of the Cleveland Championships.
The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is planning to dilute its stake in LIC through the the Initial Public Offering (IPO). LIC in February had filed the Draft Red Herring Prospectus (DRHP) before the markets regulator Sebi for the IPO.
England pace bowler James Anderson took two wickets in 14 deliveries to reduce Australia to 348 for 4 at lunch on Day 3 of the first Test against England.
State Bank of India is likely to show a credit growth of about 19 per cent for the current fiscal ending March 2005 on the back of buoyant economy.
Logistics services provider Delhivery is likely to launch its downsized initial public offering (IPO) this week, said people in the know. The Softbank-backed firm may trim its issue size from Rs 7,460 crore to Rs 5,500 crore to align with the volatile market conditions, sources said. Sources added the fresh issue component of the IPO could be reduced to Rs 4,500 crore and the OFS component to Rs 1,000 crore.
Canada's Eugenie Bouchard, on a comeback trail from injury, began her campaign in the tournament with a 7-5. 6-2 win over Joanne Zuger of Switzerland. She was joined in the second round by compatriot and seventh-seed Rebecca Marino.
The UN World Economic Situation and Prospects 2014 report said a mild recovery in investment as well as stronger export growth will help in the gradual GDP pick-up.
Buoyed by the upbeat performance of the manufacturing sector, including metals, Centre for Monitoring Indian
Sitharaman also said states will get 41 per cent share of taxes as per the 15th Finance Commission recommendation and the government has accepted the recommendation.
With prices of fuel, sugar and metal products likely to remain high, the Centre for Monitoring Indian Economy on Tuesday raised the inflation forecast for 2004-05 to 6.5 per cent from the earlier estimate of five per cent.
Australia eased to a six-wicket victory against Sri Lanka in the fourth Twenty20 international in Melbourne on Friday, barely needing to shift out of first gear as they heaped misery on the tourists who have yet to register a win in the five-game series.
Images from the T20 World Cup match between Sri Lanka and England at the Sydney Cricket Ground on Saturday.
Of the 23 companies, eight have raised funds after Shark Tank India.
AC Milan clinched their first Italian Serie A
The central bank also asserted that the country is ready for the tapering of the US Federal Reserve's bond purchases.
Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance despite rising inflation. This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020 in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.
The same rating agency, however said India's GDP growth rate would go below 7 per cent in the current fiscal from 8.5 per cent a year ago.
IMAGES from the 2nd T20I played between India and Australia in Nagpur on Friday.
The Indian economy is likely to record a 7.4 per cent growth rate in the fourth quarter of fiscal 2009 as well as in the entire fiscal, a report by an economic think-tank on the economy, said.
An intimidating Vinesh Phogat pounced on her rivals to complete a hat-trick of Commonwealth Games gold medals while Ravi Dahiya too went unchallenged as India's wrestlers wrapped up their campaign with a rich haul of 12 medals, in Birmingham on Saturday.
Growth might be impacted by up to 0.30 per cent in the March quarter as normal economic activities come under pressure due to restrictions being imposed by more states to curb rising Omicron cases, economists at the country's largest private sector lender HDFC Bank said on Tuesday. The economists said they were earlier estimating Q4 growth to come at 6.1 per cent, which can get impacted by 0.2-0.3 per cent because of the Omicron threat. "With states imposing Covid-related restrictions (night curfew on movement of people, restaurants allowed at 50 per cent capacity, offices to operate at 50 per cent capacity in various states), economic activity is likely to get impacted in Q4FY22," they said.
India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13. "The export policy of wheat ... is prohibited with immediate effect...," the DGFT said. It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.
In a statement, it said 198 properties in the state were partially damaged and 30 houses completely destroyed in the rains from July 31 to till date.
The agreement provides for reinstatement of 64 dismissed permanent workers by MSI, which will also take back 1,200 casual workers.
