Taking optimistic note, Prime Minister Manmohan Singh, now become combative, expressed his believe that slowdown trends would be ended with a “bounce back” growth of 7-8%. Read more
Tag: Economic Sector
Export rate dips 9.74% in August
According to fresh business news, it is said that the export rate in the month of August had dipped by 9.74% year-on-year to $22.3 billion and the basic reason in the fall is the global economic slowdown.
As per the figures released, it is said that from April-August, the shipment fell 5.96% to $119.97 billion as compared to $127.5 billion in the same period of 2011.
Further, imports in the same month also fell 5.08% to $37.9 billion, leaving a trade deficit of $15.7 billion. Read more
Sensex marginally up; metal, healthcare stocks rally
A benchmark index of Indian equities markets was trading 5.82 points higher around 11.30 am trade Monday, as metals, health care and consumer durables stocks went up.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,780.93 points, was ruling at 17,755.47 points, 5.82 points or 0.03 percent up from its previous day’s close at 17,749.65 points. Read more
Investments slipped 46pct in 2012 Financial Year: RBI
According to the latest reports released by the Reserve Bank of India, RBI, saying that the growth deceleration that started in the last financial year, when GDP growth dipped to a 9-years low of 6.5 percent, has been led primarily by a near 50 percent fall in new investments in large projects.
Under the freshly released statement to the FY12 RBI annual report, “Envisaged total fixed investment by large firms in new projects, which were sanctioned financial assistance during FY12, dropped by a whopping 46% to about Rs 2.1 lakh crore from Rs 3.9 lakh crore a year ago.” Read more
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