USD to INR may reach record high up to 1: 55.1
Rupee may slide to 55.10 against dollar Mumbai, Nov 24 (Calcutta Tube/IBNS) Amid rising oil import bill and external debt, the rupee-dollar exchange rate could well reach the levels of 53.80 by January next year and 55.10 by March if the global economy continues to be bleak like in recent months, industry body ASSOCHAM said [...]
Kolkata, June 1 (Calcutta Tube / IBNS) West Bengal Finance Minister Amit Mitra said the state’s revenue deficit amounts to over Rs 16,000 crore. “We have got a revenue deficit of over Rs 16,000 crore from the previous government (Left Front). We have Reserve Bank of India (RBI) figures to prove it. Besides, in [...]
Continue reading …Private sector to invest $500 bn in infrastructure: Pranab Mukherjee, Finance Minister
November 10, 2010 No CommentNew Delhi, Nov 10 (Calcutta Tube) The private sector is likely to contribute nearly half of the estimated $1 trillion investment in infrastructure sector during the 12th five-year plan period (fiscal 2012-17), Finance Minister Pranab Mukherjee said Monday. ‘Nearly 30 percent of the total spending on infrastructure sector during the first three years of the [...]
Continue reading …Seoul, Nov 10 (DPA) Arguably the biggest challenge facing the Group of 20 summit in Seoul next week will be putting an end to a currency war that is placing the already fragile and uneven global recovery at risk. For this to happen, world leaders will need to put cooperation above national interests. But the [...]
Continue reading …Washington, Nov 10 (DPA) Formal approval of long-discussed reforms of the International Monetary Fund (IMF) increases the weight of Brazil, Russia, India and China (BRIC) on the executive board. The reform, the most fundamental overhaul in the fund’s 65-year history, was approved late Friday by the executive board of the IMF and means that European [...]
Continue reading …India will grow 8.75 percent now, 9 percent soon, Finance Minister Pranab Mukherjee
October 26, 2010 No CommentNew Delhi, Oct 26 (Calcutta Tube) With clear signals of an all-round upturn, thanks to the fiscal stimulus measures since December 2008, the Indian economy will grow at 8.25-8.75 percent this fiscal, speeding to 9 percent soon, Finance Minister Pranab Mukherjee said Tuesday. ‘The recovery is also broad-based across industry, services and agriculture,’ Mukherjee said, [...]
Continue reading …Mumbai, Oct 12 (Calcutta Tube) IndusInd Bank said Monday its net profit jumped 71 percent to Rs.133.15 crore in the second quarter of this financial year on the back of higher interest earnings. The bank posted a net profit of Rs133.15 crore for the quarter ended Sep 30, 2010 as compared to Rs.77.82 million during [...]
Continue reading …Tokyo, Oct 8 (DPA) Japanese stocks declined in Friday morning trading as investors sold shares to lock in immediate gains with investor sentiment hurt by a stronger yen. The benchmark Nikkei 225 Stock Average lost 38.22 points, or 0.4 percent, to trade at 9,646.59 while the broader Topix index was down 1.74 points, or 0.21 [...]
Continue reading …New York, Oct 8 (DPA) US stocks on Wall Street closed slightly lower Thursday on the eve of a government report on unemployment for the month of September. The US department of labour is due to release its unemployment rate for last month. The report for August put the jobless rate at 9.6 percent – [...]
Continue reading …Vienna, Oct 7 (Calcutta Tube) Austria has provided a $7.92 million (5.8 million euro) credit to Bhutan for electrification of its villages, the Austrian foreign ministry has said. The loan can help over 1,000 households in 11 Bhutan villages at an elevation of over 3,000 metres to set up an electric circuit. With support from [...]
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