Tuesday, August 18, 2009

NEWS @ 18-08-2009

Governments around the globe tried to outdo each other with economic stimulus packages in an effort to end the financial crisis, argued noted economics columnist Dr. Paul C. Martin ...

The Shanghai stock market fell 5.8% today following news from the Chinese government that foreign direct investment in July fell 35.7% to $5.36 billion. That’s ten months in a row of falling FDI. The July figure is far ...

The Chinese did the saving, the Americans the spending. The Chinese did the exporting, the Americans the importing. The Chinese did the lending, the Americans the borrowing ...

India’s government won’t need to borrow more than estimated in the year to March 2010 even as a drought-like situation threatens its budget targets, Finance Secretary Ashok Chawla said ...

Planning Commission Deputy Chairman Montek Singh Ahluwalia [ Images ] on Tuesday said that poor monsoon will adversely impact farm production and trim economic growth ...

Government borrowing is so high...In a way it is militating against interest rate coming down,” Subbarao said while releasing a collection of essays authored by C Rangarajan, chairman of the Prime Minister’s ...

The Reserve Bank of India Governor, Dr D. Subbarao, on Monday said that there was a need for a debate on whether the High Level Co-ordination Committee for Financial Markets should get statutory cover or not ...

The rupee weakened sharply tracking other Asian currencies and the domestic equity markets. The domestic currency opened at 48.55 and moved in a one-way downward direction to end at 48.95 ...

Sherman Chan, Economist, Moody's Economy.com, says she expects the dollar to strengthen against the rupee. The outlook on the Chinese economy is still positive, she said. She said there is a strong commodity ...

Public and private sector banks are holding back their global capital-raising programmes through Medium Term Note (MTN) issuances despite softening of international interest rates ...

India's fledgling life insurers, unable to go public and hamstrung by limits on stake sales, could be starved of capital unless rules are changed to make it easier for them to raise funding ...

Factories, Business Processing Units and software development firms inside Special Economic Zones (SEZ) will lose all income tax benefits—the most crucial incentive for the tax free industrial enclaves ...

In its continuing media campaign against Reliance Industries Ltd (RIL) and the Government on the KG Basin gas issue, the Anil Dhirubhai Ambani Group’s advertisement blitz on Monday morning saw front page ...

Reliance Industries today said it is “ready and open” to scrutiny by any government agency for the expenditure incurred on development of gas fields, where Comptroller and Auditor General of India has ...

Reliance Industries Ltd, or RIL, wants to sell a stake in six overseas hydrocarbon blocks owned by its fully-owned subsidiary Reliance Exploration and Production DMCC, or REP ...

GOVT to add 80000 Mw Power Capacity
The government Tuesday said it had already placed orders for 80,000 Mw of fresh electricity generation capacity against the target of 78,700 Mw during the entire eleventh five-year plan period of 2007-12 ...

Clearing the last hurdle for beginning oil production from Cairn India’s Rajasthan fields, the government today approved shifting the delivery point from where state refiners IOC, HPCL and MRPL will take oil when ...

The installation, testing and commissioning of the 6,700 km TGN-Intra Asia (TGN-IA) cable system was complete, telecom service provider Tata Communications and undersea communications technology ...

Industrial commodity prices have risen sharply in the last four months, raising concerns that India Inc's honeymoon with cheap raw materials is over ...

“The impact of slowdown is much less in spare parts business. The size of the Indian auto spare parts market is estimated to be around Rs 36,000 crore and is growing,” said Mr R. Bhurat, Chief Executive, Mahindra ...

With several state governments formally declaring parts of the country as drought-hit, auto manufacturers fear they will see a negative impact on sales. The main reason is that they have a decent exposure to the ...

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