IMF sees ‘optimism return’ as faster growth predicted
The International Monetary Fund (IMF) has said that “some optimism has returned” to the global economy and has predicted slightly faster growth. The IMF revised world economic growth for 2012 to 3.5%, up from its previous forecast of 3.3%. It also expects the UK to grow faster this year, by 0.8% rather than 0.6%. But the IMF noted another More...
Phone calls, eating out to become expensive from today
New Delhi: Telephone calls, restaurant bills and other activities will cost more from today with the budgetary proposal of raising service tax rate to 12 per cent coming into effect from Sunday. In order to garner More...
Goldman Sachs bullish on growth prospects in India
Mumbai: Global investment banking and securities firm Goldman Sachs which held its first ever board meet in India last week has said that it would like to grow its business here in line with the growing economy. “Our More...
India proposes to take US to WTO on visa fee hike
New Delhi: India proposes to take the US to the WTO disputing “discrimination” against the Indian software companies which are being asked to pay higher H1B and L1 visa fee for their employees than the More...
Petrol may get dearer by Rs 3 per litre
New Delhi: The state-run oil marketing companies may decide to hike petrol prices by at least Rs 3 per litre, in their scheduled meeting on Saturday to cover part of the spike in cost of raw material. If the oil More...
Fiscal deficit at Rs 4.93 lakh crore in Apr-Feb
New Delhi: The government’s fiscal deficit during the April-February period in the current financial year stood at Rs 4.93 lakh crore, or 95 percent of the revised estimates. At the end of the 11 months ending More...
Consumer inflation for industrial workers up by 7.57% in Feb
New Delhi: Higher food prices pushed up inflation based on the consumer price index for industrial workers (CPI-IW) stood at 7.57 percent in February. “The point-to-point rate of inflation based on CPI-IW More...
Petrol pump operators threaten strike;demand higher commission
New Delhi: Petrol pump operators on Thursday threatened to go on strike if petrol prices were raised without an increase in their commission. “If the government increases the prices without considering dealers’ More...
Power Ministry mulls financial bailout for discoms
New Delhi: The Power Ministry is considering a financial bailout for power distribution companies (discoms) that are grappling with huge losses. The precarious financials of discoms has raised concerns of possible More...
Must ensure policy coordination to revive economic growth: PM
New Delhi: Addressing the 4th BRICS summit that kicked off in New Delhi on Thursday, Prime Minister Manmohan Singh said that we must ensure policy coordination to revive economic growth. “We must avoid political More...
