Search Results for: economic recession

bse-closes-points-89-58-down-on-october-15

BSE closes points 89.58 down on October 15

New Delhi, October 15 (ANI): Trading at the Bombay Stock Exchange today closed 89.58 points down to stand at 20,517.96. At the National Stock Exchange the Nifty closed 23.65 points down to stand at 6089.05. MCX and Jaiprakash Associates Ltd. were among the top gainers of Group A with an increase of 4.99% and 4.65% along with Nestle India and JP POWER with an increase of 3.92% and 3.38% respectively, while the top losers of Group A include Bank of India and Canara Bank with a decrease of 7.27% and 6.60% along with Karnataka Bank and Union Bank with a decrease of 6.34% and 5.89% at the close of the markets. The Auto sector is down 71.01 points at 11,942.44 while the banking sector is down 355.92 points at 11,798.43 and the realty sector is down 24.66 points at 1,325.13. The Indian currency is down 0.54% at Rs 61.88 per dollar. Oct 15, 2013
cpi-slams-upa-govt-raghuram-rajan-for-filure-to-handle-inflation

CPI slams UPA govt & Raghuram Rajan for filure to handle inflation

New Delhi, Oct 15 (ANI): Talking about the recent inflation facing the country, CPI leader D Raja on Tuesday said that the UPA government and its policies have completely failed to control inflation and has become insensitivity towards the problems faced by the people of the country. Further, he slammed RBI Governor Raghuram Rajan and his economic policies of inviting foreign banks to India as it can deteriorate the situation even more. Oct 15, 2013
us-professor-reacts-after-winning-nobel-economics-prize

US professor reacts after winning Nobel Economics Prize

Three US academics got the Nobel Economic Prize Monday for research on financial markets, an area of immense real-world implications following the crises rattling the global economy in recent years. Duration : 00:37 Oct 14, 2013
will-help-india-fight-poverty-says-scottish-minister

Will help India fight poverty says Scottish minister

New Delhi, Oct 12 (ANI): Scotland's External Affairs Minister Humza Yousaf who is on a visit to India, met representatives of a women Self Help Group (SHG) trained by the Scottish Government under a cultural exchange programme in New Delhi. While interacting with the media person he said that his government will help India fight poverty through joint developmental projects. Humza is in India as part of a six-day visit to strengthen social, cultural and economic ties. Humza, who has his roots in India raised Scotland's concerns over the poverty in India and said that the later would continue to funds schemes in a bid to eradicate poverty. Oct 12, 2013
india-and-indonesia-agree-to-deepen-bilateral-and-economic-ties

India and Indonesia agree to deepen bilateral and economic ties

Jakarta, Oct 12 (ANI): Prime Minister Manmohan Singh, has said that partnership with Indonesia would be deepened, while making a statement with Indonesian President Susilo Bambang Yudhoyono. The two leaders said they discussed means to enhance a number of bilateral partnerships, particularly in the field of economics. India is also looking forward to widen its relationship in the ASEAN region. Prime Minister Singh said that India and Indonesia share the view for the early implementation of India-ASEAN Free Trade Agreement in Services and Investment. Oct 12, 2013
bse-closes-points-255-68-up-on-october-11

BSE closes points 255.68 up on October 11

New Delhi, October 11 (ANI): Trading at the Bombay Stock Exchange today closed 255.68 points up to stand at 20,528.59. At the National Stock Exchange the Nifty closed 75.25 points up to stand at 6029.05. Unitech and ICICI Bank were among the top gainers of Group A with an increase of 8.10% and 5.01% along with MCX and UCO Bank with an increase of 5.00% and 4.97% respectively, while the top losers of Group A include Coal India and Glenmark Pharmaceuticals Ltd. with a decrease of 3.88% and 3.66% along with Gujarat Mineral Development Corporation Ltd. and Tata Power with a decrease of 3.07% and 2.56% at the close of the markets. The Auto sector is up 215.29 points at 11,959.46 while the banking sector is up 362.49 points at 12,087.53 and the realty sector is up 35.12 points at 1,354.47. The Indian currency is up 0.48% at Rs 61.10 per dollar. Oct 11, 2013
manmohan-singh-to-discuss-bilateral-partnerships-with-indonesia

Manmohan Singh to discuss bilateral partnerships with Indonesia

Jakarta, Oct 11 (ANI): Prime Minister Manmohan Singh is to have a meeting with Indonesia’s President Susilo Bambang Yudhoyono on Friday and will have talks with other top functionaries of the Indonesian government during his two-day visit to the country. Singh arrived in the country’s capital Jakarta on Thursday. He will hold talks with Indonesia’s leadership on key bilateral and regional issues, including ways to increase economic cooperation. The two leaders are likely to discuss means to enhance bilateral partnerships in the fields of economics, defence, and energy. Oct 11, 2013
manmohan-singh-stresses-on-transnational-crime-during-asean-meet

Manmohan Singh stresses on transnational crime during ASEAN meet

Brunei, Oct 10 (ANI): While addressing the ASEAN leaders at the Summit in Brunei on Thursday, Prime Minister Manmohan Singh said that the nation, along with other ASEAN countries would formulate steps to combat transnational crime and militancy. Singh also talked about stronger economic ties with the ASEAN nations as well as cooperation in sectors like Science and Technology, Security, Infrastructure and Tourism. Further, Singh also stressed that ASEAN is an integral part of India's Look-East policy that stresses the need of a new cooperation between India and the Mekong nations for the economic development of both regions. Oct 10, 2013
Indian rupee

IFC Launches $1 Billion Bond Program for India Projects

The International Finance Corporation (IFC), a member of the World Bank Group, has launched a $1 billion offshore bond program to strengthen India's capital markets and attract greater foreign investment in a time of renewed economic uncertainty across the world. Oct 10, 2013
bse-closes-points-54-83-up-on-october-10

BSE closes points 54.83 up on October 10

New Delhi, October 10 (ANI): Trading at the Bombay Stock Exchange today closed 54.83 points up to stand at 20304.09. At the National Stock Exchange the Nifty closed 21.60 points up to stand at 6029.05. JP POWER and GlaxoSmithKline Consumer Healthcare Ltd. were among the top gainers of Group A with an increase of 6.91% and 5.94% along with Gujarat Mineral Development Corporation Ltd. and Tata Motors with an increase of 5.67% and 5.54% respectively, while the top losers of Group A include Jain Irrigation and Hindalco Industries Ltd. with a decrease of 2.52% and 2.38% along with Tata Power and Prestige Estates with a decrease of 2.27% and 2.13% at the close of the markets. The Auto sector is up 226.09 points at 11,746.31 while the banking sector is down 7.33 points at 11,763.17 and the realty sector is up 1.85 points at 1,317.24. The Indian currency is down 0.18% at Rs 62.04 per dollar. Oct 10, 2013
yashwant-sinha-takes-on-bhonpu-tewari-says-corruption-has-spoiled-indian-story

Yashwant Sinha takes on "Bhonpu' Tewari, says 'corruption has spoiled Indian story'

New Delhi, Oct 10 (ANI): Bharatiya Janata Party (BJP) leader Yashwant Sinha on Thursday lashed out at Information and Broadcasting Minister Manish Tewari for blaming former Comptroller and Auditor General (CAG) Vinod Rai for the economic downturn, and said that enormous corruption in the Congress-led UPA II Government has spoiled the Indian story. Tewari, who was speaking yesterday at the Mail Today Education Conclave 2013, said it is not the 'J- virus' syndrome - C.P. Joshi, Sriprakash Jaiswal, Jayanthi Natarajan and Jairam Ramesh - that has hobbled the India growth story. Tewari said the infection is entirely different: the 'R-virus', meaning former Comptroller and Auditor General Vinod Rai . Oct 10, 2013
manish-tewari-pulls-up-punjab-cm-for-complaining-to-pm

Manish Tewari pulls up Punjab CM for complaining to PM

Sangrur, Oct 10 (ANI): With an upset Chief Minister Parkash Singh Badal complaining to Prime Minister Dr. Manmohan Singh for not being invited to Congress Vice-President Rahul Gandhi's event, Information and Broadcasting Minister Manish Tewari on Thursday said he is surprised at the former's angst, and added that people who possibly have a right to complain are the MPs and the ministers of Punjab who are treated as complete outsiders by the state government. Tewari also used the occasion to highlight the economic condition of Punjab, presently ruled by the Shiromani Akali Dal (SAD)-Bharatiya Janata Party (BJP) alliance government. Badal had shot off an angry letter to the Prime Minister, saying that he had not been invited to the event where a major cancer hospital is to be inaugurated in Punjab and to be attended by Rahul Gandhi. The Chief Minister has in his letter said that not inviting Punjab's Akali Dal Government to the event was a violation of the federal system. Oct 10, 2013
imf-cuts-indias-growth-forecast-to-3-8-bjp-hits-government

IMF cuts India's growth forecast to 3.8%, BJP hits government

New Delhi, Oct 10 (ANI): As India suffered the steepest cut in the International Monetary Fund's (IMF) revised growth forecasts for the year, BJP leader Yashwant Sinha on Thursday stated that the issue is very serious. He also called Finance Minister P Chidambaram an expert in bringing down growth rates. IMF, in its flagship World Economic Outlook report said that India will grow only 3.8% in the 2013-14 financial year against 5.6% projected in its July forecast, a cut of 1.8 percentage points. Oct 10, 2013
asean-aims-to-double-gdp-by-2030-sultan-of-brunei

ASEAN aims to double GDP by 2030: Sultan of Brunei

Mounting fears of an "unthinkable" US debt default emerged at an Asia summit Thursday as President Barack Obama's top diplomat sought to reassure regional allies anxious to avoid fresh economic turmoil. Duration: 01:13 Oct 10, 2013
the-rising-aspirations-of-bangladeshi-youth

The rising aspirations of Bangladeshi youth

Dhaka, Oct 09 (ANI): Economic growth in Bangladesh has historically been fuelled by the garment industry and this sector will continue to grow as China turns even more towards low-cost sources such as Bangladesh. The country's garment industry, has become the base of an economy that was once reliant on aid. Most of the people in this industry are young, both men and women. But of late there have been horrific accidents in the garment industry the most terrible of them being the Savar factory collapse in Dhaka in which more than 1100 people lost their lives, most of them young. Oct 9, 2013
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