Prime Minister™s Address at the CII National Conference and Annual General Meeting

Text of the Prime Minister, Dr. Manmohan Singh`s address At the CII National Conference and Annual General Meeting, in New Delhi I am delighted to be here today to inaugurate the CII annual meeting for 2013. I have always believed that both government and business have to be partners in writing the story of development… Read More

Tags: Adi GodrejAnnual General MeetingChinaCIIEconomicGDPIndiaManmohan SinghNew DelhiPrime Minister

Developments in India™s Balance of Payments in Q3’12

Preliminary data on India™s balance of payments (BoP) for the third quarter (October-December 2012) of the financial year 2012-13, are now available. The details of these data, as per the revised format of BoP presentation provided in IMF™s BPM6, are set out in Statement I. These data as per the old format are also given… Read More

Tags: April-December 2012Balance of paymentsBalance of tradeBoPforeign direct investmentGDPGross domestic productIndia

MSME sector contribution to Exports increases

MSME Contribution The MSME sector contributes around 9% of GDP and accounts for around 45% of the manufacturing output and around 36% of total value of exports says MSME Minister Shri K.H. Muniyappa, Minister of State (Independent Charge) for MSME on the eve of the main event of National Award Presentation while addressing the Media… Read More

Tags: corporate social responsibilityFinance MinisterGDPGovernmentGross domestic productIndiaMSMESmall Industries Development Bank of India

Monthly Economic Report for February 2013

Ministry of Finance Department of Economic Affairs Economic Division 4(3)/Ec. Dn. /2012 MONTHLY ECONOMIC REPORT FEBRUARY 2013 HIGHLIGHTS The overall growth of GDP at factor cost at constant prices, as per Advance Estimates, is estimated at 5.0 per cent in 2012-13 as compared to the growth of 6.2 per cent during 2011-12 (First Revised Estimates).… Read More

Tags: April-January 2012-13Economic growthFiscal yearGDPGross domestic productIndex of Industrial ProductionJanuary 2012Monthly Economic Report

Finance Ministry Report on India™s External debt at End-December 2012

India™s External DEBT at End-December 2012 Stood at US$ 376.3 Billion Reflecting an Increase of 8.9 Per Cent Over the Level of US$ 345.5 Billion at End-March 2012; External DEBT to GDP Ratio Stood at 20.6 Per Cent at End-December 2012 VIS-À-VIS 19.7 Per Cent at End-March 2012. Department of Economic Affairs, Ministry of Finance,… Read More

Tags: Debt-to-GDP ratioDecember 2012External debtGDPGross domestic productIndiaministry of finance

RBI releases Mid-Quarter Monetary Policy Review for March 2013

Monetary and Liquidity Measures Based on an assessment of the current macroeconomic situation, it has been decided to: ¢ reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect; Consequently, the reverse repo rate under the LAF stands adjusted… Read More

Tags: Bank RateEconomic growthFebruaryGDPIndiaInflationJanuaryReserve Bank

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