Archive for the ‘Economy’ Category
Friday, October 31st, 2008
One phrase you probably haven't been hearing in recent weeks: "do-nothing central banker". The U.S. Federal Reserve and its counterparts have been busy slashing rates, propping up financial institutions, and backstopping credit markets—among other things in an attempt to bring the global financial crisis under control. This week, the spotlight ...
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Friday, October 31st, 2008
Standard & Poor's Ratings Services affirmed its 'BBB-' long-term and 'A-3' short-term sovereign credit ratings on the Republic of India. The outlook on the long-term rating remains stable.The ratings on India reflect the country's strong economic growth prospects and its deep government debt market, which helps accommodate its weak ...
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Thursday, October 30th, 2008
India's inflation is not as serious a concern as it was two months back, the deputy head of the government's economic plan panel said on Thursday."I have been saying that inflation has moderated as a result of policies the government followed and as a result of international developments and ...
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Wednesday, October 29th, 2008
India's annual inflation should have eased below 11 per cent in mid-October for the first time in almost five months, thanks to falling commodity prices, a Reuters poll showed on Wednesday.Eleven economists forecast a median 10.82 per cent rise for wholesale price index based inflation rate in the 12 ...
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Friday, October 24th, 2008
Jacinto Torres, an associate director of S&P Rating Services, contributed to this report.Who are the "weakest links" in the global debt market? At Standard & Poor's Ratings Services, we use the term to describe those companies, governments, or other debt-issuing entities rated B- or lower, with either a negative outlook ...
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Thursday, October 23rd, 2008
India is the highest recipient of remittance from abroad with USD 27 billion being sent to the country during 2007, the Rajya Sabha was informed on Thursday.The Minister of Overseas Indian Affairs, Vayalar Ravi, in reply to a question said India's remittance from abroad is USD 27 billion which ...
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Wednesday, October 22nd, 2008
Feeling poorer these days? Between the big hit to the stock market and declining real estate values, consumers appear ready to shut their wallets, based on recent data reports. Changing patterns in consumer spending—and saving—could have a big impact on the broader economy. Here are some insights on those trends, ...
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Wednesday, October 22nd, 2008
India will achieve a GDP growth rate of 7.5 per cent to 8 per cent this year despite the current global economic turmoil, which has only partially affected the country, Prime Minister Manmohan Singh has said."India is relatively less affected" by the global financial crisis as "our banks are ...
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Wednesday, October 22nd, 2008
Prime Minister Manmohan Singh on Wednesday said the Indian economy has the resilience to sustain a growth momentum in the range of nine per cent in the medium-term though the short-term outlook looks "cloudy" due to the impact of global economic crisis."The short-term outlook is cloudy but I am ...
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Tuesday, October 21st, 2008
Quality of secondary education, cost of starting a business and the lack of government effectiveness are among the reasons why India ranked 70th among 104 nations on the World Prosperity Index (WPI) 2008."India has a relatively entrepreneurial culture. It requires government effectiveness and tackling corruption," Managing Director of Legatum ...
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