central bank has retained its growth projection for the country's economy at 6 percent for the current fiscal but significantly raised its expectations on the annual inflation rate to 6.5 percent by the end of March."The baseline projection for gross domestic product (GDP) growth for 2009-10 is placed at 6 percent with an upside bias," Reserve Bank of India (RBI) Governor D. Subbarao said while reviewing...
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central bank has retained its growth projection for the country's economy at 6 percent for the current fiscal but significantly raised its expectations on the annual inflation rate to 6.5 percent by the end of March.The baseline projection for gross domestic product (GDP) growth for 2009-10 is placed at 6 percent with an upside bias, Reserve Bank of India (RBI) Governor D. Subbarao said while reviewing...
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NEWDELHI: India's wholesale price index rose 1.51 percent in the 12 months to Oct.17, higher than previous week's annual rise of 1.21 percent, government datashowed on Thursday.The annual inflation rate was 10.82percent during the corresponding week of 2008.On Tuesday, India'scentral bank raised the WPI inflation projection to 6.5 percent with an upsidebias by end-March 2010 from 5.0 percent earlier.The...
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Private sector lender Axis Bankon Thursday lowered India's economic growth projection to 6.2 percent for the current fiscal from earlier estimate of 6.4 percent, mainly on account of lower farm output."With a moderate 3 per cent growth in Rabi food grains,agriculture output is estimate to fall 2 per cent, resultingin a 20 bps fall in GDP growth to 6.2 per cent from ourearlier projection of 6.4 per...
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RBI,India,monetary policy,half-yearly review,Statutory liquidity ratio,Cash reserve ratio,annual inflation,fiscalFollowing are the highlights of the half-yearly review of India's monetary policy for 2009-10, conducted by Reserve Bank Governor D. Subbarao:- Retains growth projection for the country's economy at 6 percent for current fiscal- Combined net borrowing of central, state governments to be...
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Private-sector economistspared their economic growth forecasts for the first half of 2010 and alsodowngraded their outlook for the labor market, a Federal Reserve Bank ofPhiladelphia survey said on Monday.Economists cut their growthestimates for annualized real gross domestic product (GDP) in the first quarterof next year to 2.3 percent from their earlier projections of 2.5percent.They now expect second...
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highlights of the half-yearly review of India's monetary policy for 2009-10, conducted by Reserve Bank Governor D. Subbarao:- Retains growth projection for the country's economy at 6 percent for current fiscal- Combined net borrowing of central, state governments to be 34 percent higher than earlier evaluated- Special term repo for mutual funds, and non-banking and housing finance firms discontinu...
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Following are the highlights of the half-yearly review of India's monetary policy for 2009-10, conducted by Reserve Bank Governor D. Subbarao:- Retains growth projection for the country's economy at 6 percent for current fiscal- Combined net borrowing of central, state governments to be 34 percent higher than earlier evaluated- Special term repo for mutual funds, and non-banking and housing finance...
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flag of the European Union flies in front of the multi-nation bloc's headquarters in Brussels. Photo Courtesy: AFPThe 15 European Union (EU) members which pledged to curb greenhouse gases by an overall eight per cent under the UN's Kyoto Protocol are on track to beat the target, the European Environment Agency (EEA) said on Thursday.Under the 1997 Protocol, the EU-15 promised as a whole to reduce emissions...
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Iowa gov to unveil plan for cutting state budget < ');" class="arial11blue1"> RateIowa Gov. Chet Culver is unveiling his plans for a 10 percent across-the board budget cut, slashing $565 million in spending and forcing hundreds of layoffs.Preliminary plans from departments and agencies earlier this month put nearly 800 jobs on the line. With the elimination of vacant jobs, Iowa faces a total loss of...
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