Too early to exit economic stimulus, says Pranab

Too early to exit economic stimulus, says Pranab

PMEAC projects 6.5% GDP growth this fiscal

Prime Minister's Economic Advisory Council (PMEAC) today said country's economy may grow by 6.7 per cent this fiscal despite bad monsoon affecting farm sector output. Releasing the outlook, PMEAC Chairman Dr. C Rangarajan projected India's economic growth at 6.5percent in ...

PMEAC projects 6.5% GDP growth this fiscal

Sensex trading red in afternoon trade

The Bombay Stock Exchange benchmark Sensex was trading in red in the afternoon trade today. The Sensex was at 17,151 down by 72 points when reports last came in. The wide-based National Stock Exchange index Nifty dipped by 18 points to 5,095 points.Brokers said markets fell on continued profit-takin...

Rangarajan projects 6.5% GDP growth this fiscal

Prime Minister's Economic Advisory Council projects a 6.5 per cent growth in the next financial year. This is 0.2 per cent less than this years growth of 6.7 per cent. Addressing a press conference in New Delhi today, the Chairman of the Advisory council Dr. C. Rangarajan said that Indian e...

Sensex down 48 points in early trade

The Bombay Stock Exchange benchmark Sensex fell by 48 points in early trade today. The Sensex was at 17,216 down by 6 points. The wide-based National Stock Exchange index Nifty dipped by 8 points to 5,106 points.Brokers said markets fell on continued profit-taking by funds and general investors. The...

Rupee down 33 paise at 46.44 against dollar

The Indian rupee today depreciated by 33 paise to quote at 46.44 against the US dollar in early trade. The fall is due to strong demand for the dollar from importers. The rupee had closed at 46.11/12 a dollar in the previous session.

Deora rules out immediate hike in petrol prices

The government has ruled out any hike in petroleum prices for now. Talking to reporters on the sidelines of a function in New Delhi today, the Union Minister of Petroleum and Natural Gas, Mr. Murli Deora said that the government is not considering increase in the prices in the wake of there prices r...

Govt approves 5% stake sale in NTPC, 10% equity in SJVN

The Government has given its nod for the sale of five per cent stakes in the public sector National Thermal Power Corporation, NTPC and 10 per cent equity in the SUTLEJ Jal Vidyut Nigam. The decision on disinvesting the shares of the two companies was taken at the meeting of the Cabinet Committee on...