Allocations for new projects have diminished in relative importance, but policy pronouncements continue to have an impact. To come straight to the point on outlays, the table shows that against the country's requirement of $100 million per annum (as per the 11th Five-Year Plan), the Union Budget is able to provide only about 5-6 per cent of the requirement in 2008-09. How does this 5-6 per cent come about?
Very high GDP growth which is driven by lots of concessions to large corporates.
Sadly, the WTO is not in a position to stop the damage caused by dominant players due to its namby-pamby pilots!
India is the largest recipient of remittances, which touched $23.4 billion in 2006.
If Mr Modi and his team expect to win the 2019 elections, groundwork for improved performance in their second term should be done now.
There is abundant evidence that the Indian economy is not overheating. So stop the presses from broadcasting this now absurd conclusion.
Arvind Panagariya's recent book, though remarkable, has been one-sided in some respects.
The World Bank's statisticians have changed the economic facts. Under these circumstances, Keynes, the economist, would have us change our opinions, while the great scientist, Einstein, would have us tamper with the facts especially if they clash with our theoretical priors. Which should it be? A little bit of both, it seems.
The PM blamed the UPA regime for the problems in the banking sector.
A club of the world's leading nations is starting to look hollow without China - the fourth-largest economy in dollar terms, according to the World Bank
Economists urged FM to rationalise indirect taxes and impose Tobin tax.
'Today the real issue facing the Modi government is not about investment, credit and money supply and all those things economists like to talk about.' 'It is whether your average citizen has confidence in the government not to do something utterly whacky,' says T C A Srinivasa-Raghavan.
"A very easy solution to suggest is tax-payers must pay because the private sector has defaulted," Jaitley said, adding that bank recapitalisation, where the government puts in more capital in public sector banks to shore up their books, effectively amounted to that. "Therefore, I think let's try and make the private sector pay for their debts or allow somebody else to step in."
Exports in February fell to $21.55 billion compared with $25.35 billion a year ago
India's economic growth rate is expected to moderate to 7.8 per cent in 2008-09, mainly on account of a global slowdown, says the Economist Intelligence Unit (EIU), an arm of London-based magazine Economist.Despite moderation in growth, India would continue to remain the second-fastest growing economy in Asia, said senior economist and Asia Editor of the EIU Anjalika Bardalai while briefing reporters ahead of the 13th business round table with government officials.
Zara co-founder Amancio Ortega has toppled Bill Gates to become the world's richest person four times. A peek into the life of the 81 year old even Jeff Bezos can't keep up with!
In an economically buoyant India, expensive jewellery is the in-thing.
It also plans to open 5 new centres across India in addition to its two fulfilment centres (FCs) in Mumbai and Bangalore.
Now, economists are famous for having a wide array of views, with most of them being wrong, but it is difficult not to notice that economists working for companies that will benefit the most from -- and, in some cases, desperately need -- lower interest rates are the ones that are screaming most loudly about how terrible things are and how the US Fed needs to cut, cut, cut rates.
Asia Pacific countries are giving a tough competition to the US and Europe when it comes to attracting and nurturing talent says the Index developed by executive search firm Heidrick and Struggles and the Economist Intelligence Unit.
In an interview to CFO Asia, a publication of The Economist Group, Montek Singh Ahluwalia said the general public was opposed to privatisation of state-owned enterprises although they feel that public sector was inefficient and corrupt.
In the event of a dramatic tightening of credit, some of the sources of capital like Foreign Institutional Investors, Foreign Direct Investment and External Commercial Borrowing, could dry up.
Silicon Valley venture capitalist Vinod Khosla has earned a year's worth of bragging rights -- he is the only person of Indian origin to feature in Vanity Fair's annual power list of 100 most influential people.
Maybe the new methods of measuring GDP helped us get an accurate picture.
None of the politicians who held the position of President particularly distinguished himself. Kalam, on the other hand, certainly stood out.
'The Vision of Justice was indeed attained in the courtroom.' 'Not once, but multiple times.' 'But has it translated into reality?' 'Has the success of these sterling verdicts reached the ground?' asks Justice Ranjan Gogoi, the next Chief Justice of India.
Dr Singh said the dialogue between the two countries is progressing.
'Unless we start making the products we need, we cannot become a developed country or call ourselves an economic power.'
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
Leading economists advised Finance Minister P Chidambaram to rationalise taxes in the forthcoming Budget.
Human capital management is now part of all managers' performance reviews.
Even if RBI partially replaces the stock of the high value notes, RBI will have to incur thousands of crores of rupees in cost, say economists.
The G-8 summit provides a useful window seat for Dr Singh to assess the intensity of the 'new Cold War'.
China and India are Asia's top two targets for merger and acquisitions in the financial services space.
The new Louvre Abu Dhabi puts NO Islamic restrictions on what it displays.
'It is like an island of excellence'.
'You can't take jobs to people, you have to take people to jobs.'
Prime Minister Dr Manmohan Singh said that India has registered an economic growth over 8 per cent in last three years.
The challenges before the government, he said, is to put public sector banks back on track and continue to operationalise stalled infrastructure projects
While the British are not generally racist, they don't know that their government is.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances