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Chidambaram’s Budget credit positive for rating: Moody’s

Chidambaram’s Budget credit positive for rating: Moody’s

Raising hopes of a sovereign credit upgrade, global rating agency Moody’s today applauded Finance Minister P Chidambaram’s Budget saying that it pursues realistic fiscal consolidation path and is ‘credit positive’.…

5-6 pc growth not sufficient, says RBI Governor

5-6 pc growth not sufficient, says RBI Governor

Reserve Bank Governor D Subbarao said a growth rate of 5-6 per cent is not sufficient for the economy, which has the potential to grow at double digit rate provided…

Farm credit enhanced by Rs 1.25 lakh crore for FY’14

Farm credit enhanced by Rs 1.25 lakh crore for FY’14

Finance Minister P Chidambaram today announced a sharp increase of Rs 1.25 lakh crore in agriculture credit target to Rs 7 lakh crore for next fiscal and allocated additional Rs…

World Bank sees ‘enormous potential’ in Myanmar

World Bank sees ‘enormous potential’ in Myanmar

A World Bank official has said that Myanmar has “enormous potential” as it undergoes reforms, which have led the Washington-based lender to launch a drive to bring electricity to millions.…

Centre seeks states’ consensus on contentious Food Bill issues

Centre seeks states’ consensus on contentious Food Bill issues

With Centre planning to present Food Bill in the Budget session of Parliament, Food Minister KV Thomas today urged states to evolve a consensus on contentious issues like coverage and…

Retail inflation rises to 10.79 % in January

Retail inflation rises to 10.79 % in January

Rising for the fourth consecutive month, retail inflation remained in double digits at 10.79 per cent in January, driven by higher prices of vegetables, edible oil, cereals and protein-based items.…

Economic growth pegged at 5% in 2012-13

Economic growth pegged at 5% in 2012-13

India’s economic growth rate this fiscal is estimated to be sharply lower at 5 per cent, lowest in a decade, on account of poor performance of manufacturing, agriculture and services…

Prolonged rains can damage wheat crop: Experts

Prolonged rains can damage wheat crop: Experts

With moderate to heavy rains lashing the northern region, farm experts today warned of damage to wheat crop if downpour accompanied with high speed winds prolongs for next couple of…

For unit linked plan: LIC Mutual Fund to cut premium

For unit linked plan: LIC Mutual Fund to cut premium

LIC Mutual Fund has tweaked its unit linked savings scheme,reducing mortality charges to make it more competitive vis a vis ULIPs sold by insurance companies. Besides reducing the cost of…

Montek :Growth rate to improve in second half of FY13

Montek :Growth rate to improve in second half of FY13

The government is doing a lot to push growth but the impact of its efforts will be felt in the second half of the fiscal when the expansion rate will…