In addition to concerns over monsoon shortfall and rising global commodity prices, RBI on Monday said that a hike in power tariffs could further push up inflation in the coming months.
The state's female employment rate of 22.9 per cent sharply contradicts its hyped records in gender empowerment, according to the 'Economic Review 2009,' released by the state planning board recently.
The net state domestic product at constant prices (2004-05) was Rs 1,59,143.62 crore (Rs 1,591.43 billion), compared to the provisional estimate of Rs 1,44,818.95 crore (Rs 1,448.18 billion), translating into 9.89 per cent growth, the review tabled by Finance Minister T M Thomas Issac on the eve of the Budget for the 2011-12 financial year said.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Various government agencies have predicted that the economy would grow at 7 per cent or above while the Prime Minister's Economic Advisory Council is expected to review the economic growth forecast of 8 per cent. The mid-year review of the economy tabled in Parliament on Tuesday said that the country should be prepared for a growth rate of around 7 per cent in 2008-09.
There are other ways in which markets are capable of serving the poor better than large-scale and often unaffordable anti-poverty interventions.
India should not loosen its fiscal deficit targets in the forthcoming budget, Prime Minister Narendra Modi's top economic adviser Arvind Panagariya said.
'I am a great believer that print will not disappear. The two medium will continue to evolve and reinforce each other,' says Christine Brendle, MD, Wall Street Journal Asia.
Kerala's economy registered an all-time high growth rate of 9.2 per cent in 2004-05, with the major contribution of 13.8 per cent in the services sector, the Economic Review tabled in the assembly on Thursday revealed.
Buoyed by 8.1 per cent growth in the first half of the current fiscal, the Mid-Year Economic Review on Friday projected high growth of about 7 per cent in 2005-06.
Driven by a surge in manufacturing sector, the Index of Industrial Production is estimated to grow at 7.5 per cent in the current fiscal, according to Centre for Monitoring Indian Economy.
The south-west monsoon arrived over Kerala after a delay of four days and its progress since then has been unsatisfactory. Forecasts of rainfall for June and July are not good, CMIE said.
Buoyed by the upbeat performance of the manufacturing sector, including metals, Centre for Monitoring Indian
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.
Ahead of the Reserve Bank of India's Monetary Policy announcement, a leading economic thinktank said on Monday that lending rates might dip marginally in the coming months due to recent decline in inflation.
Economic think-tank NCAER on Thursday projected a comfortable 6.6-6.7 per cent economic growth this fiscal but said revenue deficit seems a "bit out of control" and concern on inflation remains.
Driven by erratic monsoon and higher global crude prices, inflation is likely to grow by 5.7 per cent in the current fiscal ending March 2006, according to the Centre for Monitoring Indian Economy.
Despite concerns over the progress of monsoon, the Centre for Monitoring Indian Economy on Thursday said the Indian economy would grow at 6.3 per cent in 2004-05.
Finance Minister Jaswant Singh has decided to communicate with MPs and VVIPs through e-mail to reduce time and improve efficiency.\n\n\n\n
The government does not plan to change interest rates and is concerned about falling rates for pensioners, the country's senior-most financial bureaucrat said on Wednesday.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
The production of major agricultural crops is likely to drop by 12 per cent for 2002-03, reflecting an adverse impact of poor monsoon, according to the Centre for Monitoring Indian Economy.\n\n\n\n
The Centre for Monitoring Indian Economy on Monday pegged the growth of Indian economy at 7.5% for the first quarter of 2004-05 and that for the entire next fiscal at 6.3%.
India's agricultural output declined during the year 2002-03 to 183 million tonne compared to 212 million tonne produced in previous year, a drop of 13.9 per cent, according to Centre for Monitoring Indian Economy.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
'Global investors expect the rupee to be more vulnerable in the downturns in the future than ever before,' notes Apoorva Javadekar.
People with fewer friends on Facebook raise more money for charity than those with lots of connections on the social networking site, a new study has found.
For a long time, the Indian economy has been drifting without a credible monetary anchor.
Almost all recent labour strikes were declared illegal by the labour department of Gujarat.
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
Technical rallies and short covering may arise only if the markets break this 500 point band
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
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PSUs may not be financially sound enough to plug deficit or revive investment.
Our industrial-era mindset prevents many business leaders from throwing away the fancy access cards that dock an employee's pay if they haven't put in nine hours at work.
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