Economy - Print Edition - The Financial Express

PM to focus on 9% inclusive growth

Prime Minister Manmohan Singh on Friday said his agenda for the next few years is to bring India’s economy back to 9% growth rate and ensure the benefits of development reach everyone.

Maharashtra pitches for uniform GST threshold

Maharashtra, one of the leading states in service tax collection with Rs 20,337 crore mop-up in 2007-08, has made a strong pitch for full GST rollout rather than half-hearted efforts.

Deora to meet Pawar on ethanol doping plan

With the acute ethanol shortage derailing the programme to blend the sugarcane extract in petrol, petroleum minister Murli Deora will next week meet agriculture minister Sharad Pawar to salvage the programme.

NHB likely to disburse Rs 2,000 cr for rural housing

National Housing Bank, the apex housing finance bank, has chosen rural housing as one of its thrust areas. The bank plans to disburse Rs 2,000 crore this fiscal to finance rural housing mainly through regional rural banks.

No Bhel plant at Singur site

The West Bengal government’s efforts to urge Bharat Heavy Electricals Ltd to set up a thermal power plant at Singur seem to have come a cropper.

‘Price rise, power crisis biggest challenges for the economy’

Managing inflationary risks, particularly food price inflation, and power shortage would be would be the biggest challenges that India has to face atleast up to the next monsoon, said PM’s Economic Advisory Council chairman C Rangarajan.

ICSI proposes 7-firm cap on directors

The maximum number of listed companies in which an individual can serve as a director should not be more than seven, proposed the Institute of Company Secretaries of India to the ministry of corporate affairs.

Jindal Drilling bags Rs 635 cr order from ONGC

The company has bagged an order "for charter hire of drilling unit 'Noble Ed-holt' from ONGC" for a period of five years, Jindal Drilling & Industries said in a filing to the Bombay stock Exchange.

Merchant power plants can boost capacity addition target: E&Y

Against the backdrop of rising mismatch between demand and supply, the development of Merchant Power Plants is essential for the overall capacity additions required by the country. The possibilities of high returns have attracted several private developers.

Suzlon to sell 35% stake in Belgian firm

Suzlon, which holds a 61% stake in Hansen through its Netherlands-based subsidiary AE-Rotor Holding BV, would sell 35% stake in Hansen through a book-building process, Suzlon said in a filing to the Bombay Stock Exchange

No immediate plans to hike fuel prices: oil secy

The government has no immediate plans to raise petrol and diesel prices even though raw material costs have surged to their highest level this year, petroleum secretary RS Pandey said on Thursday.

Reluctant states await Karnataka court ruling on T&D open access

Despite repeated calls by the Centre, states are not keen to allow open access in transmission and distribution. Karnataka, Tamil Nadu and Rajasthan had recently invoked the emergency power under Section 11 to deny open access.

Kerala cashes in on Centre-sponsored benefits

Kerala has managed to wrench itself away from a distress cycle of low utilisation in centrally sponsored schemes in the 11th Plan, notching about 85-90% spending in the mid-Plan juncture.

Broadcast infra to get Rs 100-cr boost

The Centre would be investing close to Rs 100 crore by end of 2009 to strengthen the broadcasting infrastructure such as towers and high power transmission network in the border areas to counter any anti-Indian 'propaganda' emerging from....

Development expenditure lowest in Bihar

The plan expenditure of the Bihar government has registered a steady rise with accelerated growth but the per capita development expenditure was the lowest among all states during the 11th Plan.

Terror, climate change top Singh’s US agenda

Besides resolving issues such as reprocessing pact and licensing to complete the Indo-US civil nuclear deal, counter-terrorism, proliferation issues, global economy and climate change will be high on agenda of the talks between the two countries when Prime Minister Manmohan Singh visits Washington this week.

Central banks not keen on stimulus exit: Sinha

Central banks are unlikely to go for co-ordinated withdrawal of stimulus measures as it may hamper global economic recovery, a top financial services expert said.

Air quality standards revised after 15 years

In a step towards improve air quality in urban centres, the environment ministry on Wednesday revised the standards after more than 15 years by including more parameters for measuring the quality.

Chinese equipment slashes generation costs

A quarter of the additional power generation capacity of 78,700 mw that India is projected to build in the 11th Five year Plan would run on Chinese equipment.

SAIL takes control of Chiria mines

Shelving plans of scouting overseas iron ore assets, government-owned Steel Authority of India Ltd is betting high on the expansion of Chiria mining region, with Jharkhand government committing to lease out the Buddhaburu mines with reserves of 810 million tonne.

Defence-telecom deadlock: Pranab meets Raja, Antony

The auction of 3G licences could be delayed, as the defence ministry is firm that it does not have any idle spectrum to vacate as being claimed by the department of telecom.

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