Gross Domestic Product | Corporate Law Reporter

Non-Banking Finance Companies: Game Changers

Speech delivered by Shri P Vijaya Bhaskar, Executive Director, Reserve Bank of India at ASSOCHAM in Delhi on January 23, 2014 Introduction The Indian financial sector consists of a wide variety of institutions which cater to different market segments. At the apex level are scheduled commercial banks which follow universal banking model. Next, there is… Read More

Tags: Commercial bank, Economy of India, finance, Gross domestic product, India, NBFC, Non-banking financial company, Run batted in

Developments in India™s Balance of Payments during the First Quarter (April-June) of 2013-14

Preliminary data on India™s balance of payments (BoP) for the first quarter (Q1), i.e., April-June 2013, of the financial year 2013-14, are now available and presented in Statements I and II. While Statement I presents BoP data in BPM6 format, Statement II provides the same as per the old format. Developments in India™s BoP during April-June 2013 India™s current account… Read More

Tags: Balance of payments, Current account, Federal Reserve System, Federated Investors, FII, GDP, Gross domestic product, India

Penetration of Life Insurance Coverage Goes Up

The penetration of life insurance sector in India has increased from 2.15% in 2001 to 3.17% in 2012 which is above Brazil, Russia, Malaysia, Pakistan, China, Srilanka, Australia, Germany but below France, Switzerland, United Kingdom, United States of America, Japan, Singapore, South Korea, Taiwan and Hong Kong. As per information furnished by Insurance Regulatory and… Read More

Tags: Gross domestic product, Hong Kong, India, Insurance, Insurance Regulatory and Development Authority, IRDA, Lok Sabha, South Korea

Statement by Shri P Chidambaram, Union Finance Minister in Parliament

Following is the Text of the Statement made by the Union Finance Minister Shri P. Chidambaram in Parliament today: Last year, at this time, the foremost challenge to the Indian economy was the growing fiscal deficit. Hence, on August 6, 2012 I made a statement on the path of fiscal consolidation that we intended to take. Following… Read More

Tags: CAD, Computer-aided design, Current account, Economy of India, Gross domestic product, India, P. Chidambaram, Reserve Bank of India

Potential of Indian Mineral Sector

Government has prepared a strategic plan document Unlocking the potential of the Indian Mineral Sector. The Strategy Paper has identified that the mining sector has the potential to contribute around Rs. 945 to Rs. 1,125 thousand crore to the GDP and create 13 to 15 million jobs through direct and indirect contribution by 2025. In… Read More

Tags: Business, GDP, Gross domestic product, Jharkhand, Mineral, Mining, Minister of Mines, Rajya Sabha

PM Speak :: Manufacturing, Science & Technology critical for growth strategy

Following is the text of Prime Minister, Dr Manmohan Singh™s remarks at the meeting of the High Level Committee on Manufacturing, in New Delhi today: Today, we have discussed some important areas which are critical for the growth of manufacturing in our country and also for keeping our country at the frontiers of science &… Read More

Tags: Gross domestic product, Hybrid vehicle, Manmohan Singh, Manufacturing, New Delhi, Secondary sector of the economy, Steel, Textile

India™s International Investment Position (IIP), March 2013

International Investment Position (IIP) is a statistical statement that shows, at a point in time, the value and the composition of (a) financial assets of residents of an economy that are claims on non-residents and gold bullion held as reserve assets; and (b) liabilities of residents of an economy to non-residents. The difference between an… Read More

Tags: foreign direct investment, GDP, Gross domestic product, India, International Monetary Fund, March 2013, Net international investment position, Special Data Dissemination Standard

RBI releases its Monthly Bulletin for June 2013

The Reserve Bank of India today released the June 2013 issue of its monthly Bulletin. The Bulletin includes five special articles: (i) Union Budget 2013-14: An Assessment; (ii) Developments in India's Balance of Payments during Third Quarter (October-December) of 2012-13; (iii) Inflation Expectations Survey of Households: 2012-13; (iv) Finances of Non-Government Non-Financial Public Limited Companies: 2011-12 and… Read More

Tags: Balance of payments, Current account, finance, Foreign Exchange Reserves, GDP, Gross domestic product, India, Reserve Bank of India

Provisional Accounts of the Union Government for the Year 2012-2013 Released

Fiscal Deficit is 4.9 Percent, Revenue Deficit 3.6 Percent and Effective Revenue Deficit 2.5 Percent of GDP during the Period Office of the Controller General of Accounts (CGA) has compiled the accounts of the Union Government for the year 2012-2013 and brought out its results on provisional basis. The fiscal indicators for the year 2012-13 as percentage… Read More

Tags: CGA, Color Graphics Adapter, GDP, Government budget deficit, Gross domestic product, India, New Delhi, P. Chidambaram

Provisional Estimates of Annual National Income, 2012-13

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the provisional estimates of national income for the financial year 2012-13 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter (January-March) of 2012-13, both at constant (2004-05) and current prices. 2. The CSO has also released the corresponding annual… Read More

Tags: April-March, Central Statistics Office, February 2013, Fiscal year, GDP, Gross domestic product, Gross National Income, Measures of national income and output

Andhra Pradesh Plan for 2013-14 Finalized

The Annual Plan for the year 2013-14 for the state of Andhra Pradesh was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Andhra Pradesh, Shri N.Kiran Kumar Reddy. The plan size has been agreed at Rs.53,000 crore. Mr Ahluwalia complemented the State Government for efforts… Read More

Tags: Ahluwalia, Andhra Pradesh, Gross domestic product, Montek Singh Ahluwalia, Planning Commission, State, State Government

Public Debt Management Quarterly Report – Jan to Mar 2013

Since April-June (Q1) 2010-11, Middle Office (MO) is bringing out a Quarterly Report on Debt Management. The current report pertains to the quarter January-March 2013 (Q4 of 2012-13). For Fiscal Year 2012-13 (FY13), Gross and Net Market Borrowings were higher than previous year by 9.4 per cent and 7.1 per cent respectively. Auctions during Q4 of… Read More

Tags: Economic growth, Fiscal year, GDP, Gross domestic product, Middle Office, Mortgage-backed security, Percentage, Security (finance)

Nagaland Plan for 2013-14 Finalized

The Annual Plan for the year 2013-14 for Nagaland was finalized here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Nagaland, Sh. Neiphiu Rio. The plan size has been agreed at Rs.2,000 crore. In his opening comments, Mr Ahluwalia complemented the State Government for economic performance and… Read More

Tags: Ahluwalia, Chairman, Gross domestic product, Meghalaya, Montek Singh Ahluwalia, Nagaland, Planning Commission, State Government