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January 14, 2011 08:28 AM IST In an interview with CNBC-TV18, Shanto Ghosh, Principal Economist, Deloitte India gave his perspective on the government’s measures to tame inflation.
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January 13, 2011 10:05 PM IST "I’m trying to get a better sense of some of the causes of inflation myself, but my preliminary read of the situation is that it’s caused more by bottlenecks on the supply side than it is by overly strong demand, said World Bank President Robert Zoellick.
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January 13, 2011 09:39 PM IST Maritime piracy costs the global economy between USD 7 and USD 12 bn a year, researchers said on Thursday, with Somali piracy in particular driving up the cost of shipping through the Indian Ocean.
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January 13, 2011 07:29 PM IST Onion prices dropped nearly 16% on Thursday as supplies surged in the new arrivals season and raids by the income tax officials deterred hoarding by traders, two dealers told Reuters.
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January 13, 2011 06:28 PM IST ANALYSIS - Japan banks pursue project finance deals, eye India
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January 13, 2011 03:12 PM IST Food inflation eased marginally from a one-year peak, but remained high enough to keep pressure on annual headline inflation in December and reinforce expectations of an interest rate rise this month.
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January 13, 2011 01:36 PM IST Finance Minister Pranab Mukherjee said on Thursday there is no need for unnecessary panic on inflation.
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January 13, 2011 12:48 PM IST Food inflation eased marginally from a year high but stayed at levels enough to keep pressure on annual headline inflation in December and reinforce expectations of a rates hike by the central bank.
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January 13, 2011 12:17 PM IST The food price index rose 16.91% and the fuel price index climbed 11.53% in the year to January 1, government data on Thursday showed.
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January 13, 2011 10:44 AM IST Sonal Varma, Nomura India says, the extent of decline in November IIP numbers is surprising. However, she wouldn’t read that as a big collapse in economic activity. Economic activity is in a consolidation phase, she adds.
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January 12, 2011 08:56 PM IST There was disappointing news from the macroeconomy. Industrial growth plunged to an 18-month low of 2.7% in November against the 10.8% clocked in October.
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January 12, 2011 08:47 PM IST Industrial growth plunged to an 18-month low of 2.7% in November against the 10.8% clocked in October. Finance Minister, Pranab Mukherjee has promised corrective action to push up industrial growth.
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January 12, 2011 08:20 PM IST Indian banks' credit growth till December 31 was at 24.42% on year to Rs 37.63 lakh crore and that of deposits was 16.46% to Rs 49.71 lakh crore, the Reserve Bank of India (RBI) said on Wednesday.
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January 12, 2011 08:20 PM IST Difficulties in securing funding will delay the ONGC's deal to invest in Iran's South Pars Phase 12 gas project, as global pressure on Tehran grows over its nuclear programme.
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January 12, 2011 08:20 PM IST The government expects a dispute with Iran over payment for crude oil to be settled as early as next week, ending a deadlock that has threatened to stall supplies from the Middle Eastern nation.
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January 12, 2011 06:43 PM IST Food inflation is fuelling tensions within India's ruling coalition, highlighting how high prices of basic foodstuffs have become a major voter issue ahead of state elections.
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January 12, 2011 05:50 PM IST The inflation numbers can break the capex cycle and the RBI could move forward. These are a few contradictions faced by the Central bank. In an interview with CNBC-TV18’s Latha Venkatesh; Arun Kaul, Chairman of UCO Bank and Sunil Kanoria from SREI Infra Finance spoke about their organizations’ point of view.
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January 12, 2011 04:35 PM IST PREVIEW - Dec WPI seen rising to 8.35 pct
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January 12, 2011 04:35 PM IST The Reserve Bank of India (RBI) bought a net USD 870 million from the currency market in November, taking net purchases in 2010 to USD 1.85 billion, its monthly bulletin showed on Wednesday.
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January 12, 2011 01:14 PM IST Economists feel that the data is indicative that Indian economy is going through a soft path. In an interview to CNBC-TV18, Samiran Chakrabarty, Head of Research, Standard Chartered Bank cautioned that that this 2.7% looks more like a 5% to 6% growth on a seasonally adjusted festive season adjusted kind of growth which is not great.
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January 12, 2011 12:55 PM IST Though a bleak IIP number in every which way, it comes as no surprise to MS Unnikrishnan of Thermax who believes going ahead the numbers will only improve.
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January 12, 2011 12:36 PM IST India's annual industrial output in November grew at its slowest in a year and a half, partly on seasonal factors, and the Reserve Bank may stay on course to raise rates later this month to combat inflation.
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January 12, 2011 12:17 PM IST Industrial output growth for the current fiscal year ending in March could be around 10%, Montek Singh Ahluwalia, deputy chairman of the Planning Commission said on Wednesday.
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January 12, 2011 12:09 PM IST The government is looking to take corrective measures to improve industrial output, Finance Minister Pranab Mukherjee said on Wednesday.
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January 12, 2011 11:52 AM IST India's industrial output in November rose a slower-than-expected 2.7% from a year earlier, well below the previous month's revised annual growth of 11.3%, government data showed on Wednesday.