Economy
IMF welcomes Dubai World debt restructuring
The International Monetary Fund welcomed the announcement by Dubai of a $9.5 billion restructuring of its Dubai World corporation and property developer Nakheel.
Meanwhile, the IMF said that it supported the authorities” intention to “find a fair and equitable solution” for all stakeholders.
“A satisfactory conclusion of this process will show the [...]
Economy likely to grow by 8.3% in FY11: D&B
A report by Dun & Bradstreet (D&B) India, a global business information provider said that India is expected to see an over 8% economic growth in the fiscal 2010-11.
This is due to good investment and consumption demand.
D&B India Economy Outlook 2010-11 said that they expect gross domestic production (GDP) growth [...]
Food inflation eases, but fuel prices still up
Cheaper vegetables and pulses pulled down food inflation to 16.30% in the first week of March.
But, however, there are expectations that RBI may tighten money supply in order to avoid inflation from spreading to manufactured goods.
Food inflation decreased by 1.51% points from 17.81% in the week before March 6.
This was [...]
Finmin to meet RBI on financial inclusion on Friday
The Finance Ministry and RBI officials will meet in order to finalize new technological models for spreading banking activities in unbanked areas.
Financial services secretary R Gopalan said that they are going to sit with RBI to finalize what are going to be the several technologies which they will be using in [...]
Sensex extends gain to third day; RIL leads
Reliance Industries Limited (RIL) single handedly led the markets to log marginal gains and extend rally on third straight day.
The 30-share index Sensex edged higher by 29 points at 17,519 while the broad-based index Nifty ended 14 points higher at near 5246 levels.
It was above the psychological levels of 5220 which [...]
India, Bangladesh hold talks on sharing of Teesta water
Bangladesh hoped to reach an interim agreement on the vexed issue of Teesta river water-sharing.
This is at the meeting being held after a gap of 5 years but India insisted on sorting out certain technical issues first.
Bangladesh Water Resources Minister Ramesh Chandra Sen said that the expectation is high and they [...]
