GDP likely to grow 5.5 percent in 2015: Mid-year review

GDP likely to grow 5.5 percent in 2015: Mid-year review

New Delhi, Dec 19 (IANS) The country’s economy is likely to grow at around 5.5 percent in the current fiscal, the finance ministry said in its mid-year review tabled in parliament Friday.In the first six months of 2014-15, the economy grew at an annual 5.5 percent, the report said.Based on the trend of receipts and expenditure […]

Reforms back in India’s oil economy amid crash in crude prices

Reforms back in India's oil economy amid crash in crude prices

Complete decontrol of diesel marketing, new pricing formula for domestic gas after five years and a plunge in global crude prices flagged a new beginning for India’s oil economy in 2014 but there was little news on stake sale in state-run oil firms and fresh auctions for hydrocarbon assets.After years of selling diesel below cost […]

$1.1 bn World Bank loan for eastern freight corridor

$1.1 bn World Bank loan for eastern freight corridor

  New Delhi, Dec 12 (IANS) The government said Friday it had entered into an agreement with the World Bank for $1.1 billion loan for developing the Eastern Dedicated Freight Corridor (EDFC)-II .According to the finance ministry, the agreement was signed Thursday to implement the EDFC-II project to augment rail transport capacity, improve service quality and […]

Global wages register 2 percent growth in 2013: ILO

Global wages register 2 percent growth in 2013: ILO

Geneva, Dec 5 (EFE) Global wages grew by 2 percent in 2013, 1 percent less than the years preceding the economic crisis, according to an International Labour Organization (ILO) global salary report published Friday.Wage growth suffered a drastic fall during the crisis in 2008 and 2009, recovered to a certain extent in 2010 and later went […]

India overtakes China in corporate governance rankings

India overtakes China

Kolkata, Nov 29 (IANS) India has emerged as the leader in global developing markets for having the clearest and most comprehensive policies on corporate governance, according to a latest study. Scoring more than China, India is at par with Malaysia and Australia ranking 4th across 25 markets globally and is at the 2nd spot in […]

India ranked third in salary hike in Asia Pacific in 2015

India ranked third in salary hike in Asia Pacific in 2015

  New Delhi, Nov 7 (IANS) India has been ranked No.3 in Asia Pacific in terms of the nominal salary increase expected in 2015, by consulting firm ECA International.Among the 17 countries from Asia, Pakistan is at the top. Vietnam, India, Bangladesh and Indonesia are ranked thereafter in that order, according to the latest salary trends […]

Spice exports up on increased global demand

Spice exports up on increased global demand

Kochi (Kerala), Sep 24 (IANS) India’s exports of spices during April-July 2014 have shown a prospective trend, registering a 10 percent increase in quantity and 11 percent in rupee terms, a Spices Board official said Wednesday.Releasing the export performance, Spices Board chairman A. Jayathilak said the promising export figures for the period points to an increased […]

Mining, steel and power stocks down

Mumbai, Sep 24 (IANS) Scrips of mining and power generation firms slumped Wednesday after the Supreme Court cancelled all the coal blocks allocated from 1993 to 2011.Hit by the apex courts judgment, stocks of mining, metal and power majors such as Jindal Steel and Power, Tata Steel, Bhushan Steel, Hindalco Industries and Monnet Ispat and Energy […]

FICCI-led delegation in US for business opportunity

FICCI-led delegation in US for business opportunity

New Delhi, Sep 22 (IANS) Just days ahead of Prime Minister Narendra Modi’s visit to the US, a multi-sectoral delegation is visiting the Silicon Valley to explore business opportunity in that country.Led by the Federation of Indian Chambers of Commerce & Industry (FICCI), the innovation and technology-led delegation comprises about 60 companies from sectors as diverse […]

India’s forex reserves down $1.61 bn

India's forex reserves down $1.61 bn

Mumbai, Sep 20 (IANS) India’s foreign exchange reserves fell by $1.61 billion to $315.69 billion for the week ended Sep 12, Reserve Bank of India (RBI) data showed.The reserves had fell by $1.32 billion to $317.31 billion for the week ended Sep 5.According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of […]