Tuesday, 11 June 2013

Following India’s economic growth plummeting to a decade low of five per cent in 2012-13, economists say if one considers the first set of data released for April and May, There are no clear indications of a recovery this financial year - Yet to see green shoots of recovery: Economists
The measures taken by the government will lead to economic growth of at least 6 per cent in FY14 against a decadal-low growth of 5 per cent in FY13. According to him, the impact of the government measures would be felt from the second quarter or the second half of the year - ‘More than 6% growth is still possible in FY14’
The rupee today hit a record low to close at 58.14 a dollar, as foreign institutional investors (FIIs) withdrew from the country and the outlook on India’s current account deficit continued to be bleak - Rupee hits record low, makes it difficult for RBI to cut rate

Monday, 10 June 2013

Inflation in bajra has been rising over the last year, peaking in December - Commodity of the week - Bajra
Gold continues to worry India’s policy makers,who have just announced a further increase in import duty by two percentage points to eight per cent,when it was practically nothing a relatively short while ago -STATSGURU: Decoding the rise and fall of gold as an investment

Sunday, 9 June 2013

Small and medium enterprises (SMEs) have been the backbone of the Indian economy. That is both a good and a bad thing - SME Nation
Grain to a wider population at prices cheaper than what the Centre has proposed — it’s a winning formula for states - States take a bite out of Centre’s food security bill
The Centre, not in the pink, is making states share some of its financial burden - Weary Centre asks states to lift ‘burden’
Most informal enterprises in slums employ local residents, generating benefits for the local economy. They make profits, pay rent and taxes - Do the urban poor contribute?

Saturday, 8 June 2013

Amid multiple sectoral woes, India is projected to see an electricity supply shortfall of 6.7 percent in the current financial year with the southern region expected to be the worst hit - India to see 6.7% power supply crunch this financial year

Friday, 7 June 2013

Though the ability of farm mechanisation to turn agriculture around was well known, it was neither discussed so widely, nor practised so seriously in the past - Labour shortage: farm mechanisation gets a boost
Multi Commodity Exchange’s (MCX) market share rose by five percentage points in the first two months of this financial year, owing to aggressive participation by traders in the non-agricultural space, on higher volatility - MCX’s market share up on volatility in non-agri space
Earlier, the Food Corporation of India had drawn flak for the tardy manner in which it handled mounting foodgrain stocks - Low wheat procurement addresses FCI’s storage woes
The southwest monsoon advanced further over the central and western parts of the country today, an official at the India Meterological Department (IMD) said. - Southwest monsoon advances over central, western India

Thursday, 6 June 2013

Wednesday, 5 June 2013

The market for green certificates issued to developers, has collapsed alarmingly, casting a shadow on India’s ambitious plan for solar, wind and small hydro projects - Green Energy Projects Choke on Weak Demand

Tuesday, 4 June 2013

HSBC’s PMI slips to 50.1 in May from 51 in April - Manufacturing output falls at 50-month low
The pass through of coal prices, if allowed, would mean rates for power produced from plants set up through the competitive bidding route go through the roof - Power and coal sectors headed for chaos

Monday, 3 June 2013

Demand has been squeezed to such an extent that net sales of companies that have declared their quarterly results have on an average grown at only 7.3 per cent - STATSGURU: Some troubles in corporate results, but also green shoots
Gross energy generation in the country has been assessed as 975 billion units from power plants in operation and those expected to be commissioned during the year - CEA estimates gross energy shortage of 6.7% in 2013-14