Commerce Minister Anand Sharma Thursday said he was pushing for stimulus for the export industry in the annual budget.
‘I met Finance Minister Pranab Mukherjee yesterday and have asked him for additional fiscal stimulus for exporters in the federal budget,’ Sharma told reporters.
Asked which sectors would get the stimulus, Sharma said: ‘We will take a view [...]
Finance Minister Pranab Mukherjee Tuesday kicked-off his consultations with the captains of the Indian industry as part of the annual exercise before presenting the country’s budget 2010-11.
The consultations come in the backdrop of the government contemplating discontinuation of fiscal stimulus package and at a time it is facing the problem of rising inflation and high [...]
Berlin, Dec 30 (DPA) The Group of 20 (G20) is likely to face a test next year of its new-found role as the world’s top economic forum.
Apart from its planned makeover of the world financial system, the G20 major industrial powers and the leading emerging economies will also begin rolling back the big fiscal stimulus [...]
Kolkata, Dec 24 (IANS) India will not withdraw in a haste its fiscal stimulus packages, announced in three tranches since last December, in line with the decision taken by the leaders of G20 countries, Finance Minister Pranab Mukherjee said Thursday.
‘Stimulus has been injected to boost the economy. Unless the full recovery is possible and planners [...]
New Delhi, Dec 23 (IANS) The Indian economy is well on its way to achieving once again a 9 percent growth in the coming years, while expanding at over 7.5 percent this fiscal, Finance Minister Pranab Mukherjee said here Wednesday.
‘The target of growth of 9-10 percent has been there for a very long period. It [...]
New Delhi, Dec 15 (IANS) While the fiscal deficit is expected to widen to 6.8 percent by this fiscal end, the government Tuesday said it would bring it down to 3 percent by the end of 2011-12.
Addressing the Rajya Sabha, the upper house of parliament, Finance Minister Pranab Mukherjee said the current level of fiscal [...]
The Indian economy’s 7.9 percent growth in the second quarter of this fiscal has taken everyone by surprise, but rising food inflation, which has seen the daily grocery bill shoot up sharply, has dampened some of the euphoria.
Those taken unawares by the high growth included economic pundits, the Reserve Bank of India (RBI) and the [...]
Paris, Nov 19 (DPA) Although much of the world appears to be emerging from the economic crisis, joblessness is expected to remain high in the US and Europe at least until 2011, the Organisation for Economic Cooperation and Development (OECD) said Thursday.
According to the OECD: ‘The Indian economy has weathered the global downturn relatively well.’
Although [...]
New Delhi, Nov 16(ANI): Union Finance Minister Pranab Mukherjee on Monday said that there is a need to improve competition in the agricultural market to benefit farmers as well as the consumers.
Addressing a conference on Competition, Public Policy and Common Man in the national capital, Mukherjee said that the ability [...]
Singapore, Nov 11 (DPA) World Bank president Robert Zoellick Wednesday said he was comfortable about the prospects for the world economy in 2009, but advised governments not to remove their stimulus packages in 2010.
‘I feel relatively comfortable about the growth prospects in 2009,’ Zoellick said on the sidelines of the summit of the Asia-Pacific Economic [...]
New Delhi, Nov 10 (IANS) The government is considering a special package for the crisis-hit engineering sector, Minister of State for Commerce and Industry Jyotiraditya M. Scindia said here Tuesday.
‘We will relook into the labour-intensive sectors, whether it’s engineering, apparels, handicrafts or gems and jewellery,’ Scindia told reporters on the sidelines of the World Economic [...]
New Delhi, Nov 8 (IANS) Prime Minister Manmohan Singh Sunday said the measures taken by his government helped India brave the financial crisis better than most countries, but it may ‘wind down’ by next year the fiscal stimulus that was launched last December.
‘I am happy to say that India has been able to face the [...]
New Delhi, Nov 8 (IANS) Prime Minister Manmohan Singh Sunday said the measures taken by his government helped India brave the financial crisis better than most countries, but it may ‘wind down’ by next year the fiscal stimulus that was launched last December.
‘I am happy to say that India has been able to face the [...]
New Delhi, Nov 4 (IANS) India’s exports, which fell for 12 consecutive months since October 2008, may see a turnaround in the January-March quarter, Commerce and Industry Minister Anand Sharma said Wednesday.
‘We are on the way to recovery. In the final quarter of this fiscal, we will see positive growth,’ Sharma told reporters at the [...]
New Delhi, Nov.3 (ANI): In his address to the Economic Editors Conference here on Tuesday, Finance Minister Pranab Mukherjee said that the country faced many challenges ahead during the coming months.
Disclosing his assessment of the impact and progress of some measures taken by the Government in the last few months, Pranab Mukherjee said on [...]
New Delhi, Nov 3 (IANS) Finance Minister Pranab Mukherjee Tuesday said fiscal stimuli packages announced since December last year will continue even though the central bank had indicated a phased exit in its monetary policy update last month.
‘For the present, I maintain that the fiscal stimulus will have to continue, to allow its impact to [...]
New Delhi, Oct 30 (IANS) Finance Minister Pranab Mukherjee Friday said the government would first assess the economic situation in the third quarter before taking a stand on withdrawing the fiscal stimuli it has extended to the corporate sector.
‘We need to watch for the third quarter before taking a view on exiting the fiscal stimulus,’ [...]
Toronto, Oct 8 (IANS) Canada’s Jim Flaherty has been named the finance minister of the year by Euromoney magazine.
The honour comes after the World Economic Forum rated Canada’s performance as the best among G8 economies in the current global crisis.
The International Monetary Fund has also forecast that Canada will be among the least affected by [...]
Istanbul, Oct 3 (DPA) Europe will feel the effects of the global economic and financial crisis well beyond the next year, hampered by slower growth and high unemployment, the International Monetary Fund (IMF) said Friday.
In a report on the state of the European economy, the IMF said most countries have emerged from a recession considered [...]
New Delhi, Sep 27 (IANS) Prime Minister Manmohan Singh Sunday returned from the G20 Summit at Pittsburgh with some major gains at hand that are making the rich nations now look at the developing world in a new light.
It was evident from the final communique issued by the G20 leaders at the end of the [...]
New Delhi, Sep 22 (IANS) Owing to increased public spending and improved business confidence, the Asian Development Bank (ADB) has hiked its growth forecast for India from 5 percent to 6 percent this fiscal.
The update to ADB’s Asian Development Outlook (ADO) 2009 report released Tuesday said that India will grow at 7 percent in 2010, [...]
Manila, Sep 22 (Xinhua) China’s economy rebounded stronger than expected and was now forecast to expand by 8.2 percent in 2009, the Asian Development Bank (ADB) said in a report released Tuesday.
The Asian Development Outlook 2009 Update forecast that a surge in bank lending and fixed asset investments would push growth 1.2 percentage points higher [...]
Manila, Sep 22 (Xinhua) The Indian economy is expected to grow by 6 percent in 2009 as capital inflows, industrial production and business confidence soar, the Asian Development Bank (ADB) said Tuesday.
In the Asian Development Outlook 2009 Update, the bank said that while agricultural output for 2009 was expected to remain stunted and exports weak, [...]
