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Signs of growth rebound: Economy can grow at 7.5%
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With momentum in growth returning across all other sectors, we can now comfortably look forward to an economy that grows at 7.5% next year.
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Flip side of economic growth: Cos prefer more capital over labour, create less jobs
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Companies are preferring to employ more capital instead of labour while producing goods, lending credence to the belief that India's growth in the post-liberalisation era has failed to create more jobs.
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Indian economy will grow 7-7.5 percent in 2011-12: PM
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India's economic growth will decline in the range of 7-7.5 percent in the current financial year ending March 31 as compared to 8.4 percent expansion in the previous year
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'Deterioration in European economy to hit India'
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Having already seen its effects on private investment, any further deterioration in the economic situation of Europe has the potential to hit the Indian economy
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Fresh auctions may boost govt finances
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he government's struggling finances are expected to get a leg up, thanks to the Supreme Court ordering fresh auction of 2G spectrum on Thursday.
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Centre covers 19 Districts of Odisha under Backward Regions Grant Fund
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Nineteen districts of Odisha are covered under the Backward Regions Grant Fund (BRGF). The annual allocations of Development Grant for these districts were Rs.305.67 crore for the financial years 2007-08 to 2010-11.
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State has comfortable cash balance
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The State is now able to maintain a comfortable cash balance, which is enough to tide over any eventuality in case there is a downturn. It is earning around Rs 500 crore annually as interest on the cash balance it has with the Reserve Bank of India (RBI).
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Rs 116 crore cleared for Majuli protection
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The Planning Commission, while clearing an investment of Rs 115.99-cr for the last two phases for protection of Majuli island and its 22 satras from flood and erosion
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Budget 2012: Economists seek a 'policy' budget
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Concerned over slow economic growth and waning confidence of both domestic and international investors, economists in their pre-budget
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Govt discontinues releasing weekly WPI data
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The Government has discontinued releasing weekly primary and food inflation data based on the Wholesale Price Index.
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Ministries face outlay cut for poor fund utilisation
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The finance ministry is looking to slash allocation of departments and ministries that have failed to effectively use funds in the first three quarters of the financial year.
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Govt plans tax on commodity trading
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The finance ministry is keen to introduce a commodities transaction tax (CTT) in the Budget to check speculation in non-farm goods despite opposition by exchanges and industry chambers.
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Rupee hits 3-mth high on better risk appetite
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The rupee strengthened on Thursday to its highest level in three months as risk appetite improved after strong manufacturing data from China and India to Germany helped ease worries about the global economy.
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Savings growth declines to 7% from 23%; imperils growth
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India's economy could grow at a faster pace in the next fiscal but a slowdown in savings could prevent it from rising substantially more than the 7.2% increase the government expects in 2011-12.
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Govt revises 2010-11 GDP to 8.4% from 8.5%
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The Indian economy grew 8.4% in 2010-11, marginally lower than the previous estimate of 8.5%, on the back of strong farm sector and services sector growth, data showed on Tuesday.
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No end in sight to govt's fiscal worries
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More evidence about the tight fiscal situation emerged on Tuesday as data showed the deficit between April and December had - at Rs 3.81 lakh crore - reached 92.3% of the 2011-12 estimate. It stood at 44.9% of the 2010-11
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Invest more, be growth drivers: PM to PSUs
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PM Manmohan Singh on Tuesday asked the public sector to invest more - both domestically and overseas - and be the growth driver amid a tough global economic environment.
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Per capita income crosses Rs 50,000
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The per capita income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year
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'GDP growth may decline to 7-7.25% in FY'12'
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India’s GDP growth is likely to decline to 7-7.25 per cent this fiscal from 8.4 per cent in 2010-11 due to slackening industrial output and slowdown in global economy
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Fidelity kicks off review of India MF biz
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Fidelity Worldwide Investment, which runs Fidelity Mutual Fund in India , is conducting a strategic review of its India operation, which may eventually lead to a change in the shareholding pattern of the asset management company (AMC).
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Economy grew at 8.4% in 2010-11
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Economic growth rate for 2010—11 revised downward to 8.4 per cent from earlier estimate of 8.5 per cent.
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Commodity rates remain unchanged
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Prices of all commodities remained unaltered today in the wholesale foodgrains market here today.
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Rupee opens up on capital inflow hopes
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Rupee opened stronger on Tuesday as improved risk appetite across Asian equities fuelled expectations for capital inflows, but demand for dollars from oil importers will be a key factor later in the day.
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Pranab rebuffs US on Iran, outsourcing
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India's seniormost cabinet minister pushed back against the United States on Sunday, rejecting pressure from Washington to curtail oil imports from Iran and disapproving American political rants against outsourcing of jobs.
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55% Indian CEOs confident of revenue growth this year: Survey
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As top leaders from across the world converge here to discuss the business of the world, the CEOs have painted a gloomy picture for global economy in a worldwide survey.
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