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Allowing Foreign Capital Control Over Domestic Savings Is Bad Economics

The LIC completed another eventful year in its spectacular journey. At 58, LIC today stands proud as the finest financial institution in the country proving ail its detractors wrong. The AIIEA raised the demand for nationalization of insurance business in 1951 and achieved significant success with the... 

Union Budget 2011 For Agricultural Sector

Union Finance Minister presented India’s budget for the financial year beginning in April 2011. The budget covers (a) Taxes, (b) Subsidies, (e) Fiscal Deficit, (d) Sector Spending, (e) Agriculture, (f) On the state of the economy, (g) Spending, (h) Revenue, (i) Growth inflation expectations, G) Disinvestment,... 

India-ASEAN Business Fair and Business Conclave Kicks Off In New Delhi

Manipur delegates at the India-ASEAN Business Fair & Business Conclave 2011, at Pragati Maidan, New Delhi. Image Credit: Naharolgi Thoudang. NEW DELHI, Mar 2: India-ASEAN Business Fair and Business Conclave-2011 kicked off at Pragati Maidan (Exhibition Ground), the venue of Asia’s largest business... 

Budget 2011-12 Impact: Sector That Lost/Gained The Most

Union Budget 2011-12 Fairwealth Securities has come out with a report on Union Budget 2011-12. Union Budget 2011-12: Balanced and growth oriented The Union Budget 2011-12 presented today by the Finance Minister seems balanced and growth oriented. Agriculture, Infrastructure and Social sector have... 

Budget 2011: FM For Affordable Homes; Full Tax Rebate To Builders

NEW DELHI, Feb 28: Finance minister Pranab Mukherjee presented Union Budget 2011 in Parliament today. OVERVIEW: Budget estimates for 2011-12 projects Rs 9,32,440 crores – an increase of 24 per cent. Expenditure in 2011-12 is estimated at Rs 12,57,729 crores, an increase of 13.4%. Revenue deficit... 

Petrol Price Hiked By Rs 2.54/Liter

NEW DELHI, Jan 15: State-owned oil companies on Saturday raised petrol prices by Rs 2.50-Rs 2.54 per liter, the second hike in a month, on back of rising crude oil prices. Indian Oil Corp, the nation’s largest fuel retailer, will raise petrol prices by Rs 2.50 per liter with effect from midnight... 

The Best-Performing Investments of 2010

And the winner is: silver. With a 66% return for investors this year in India, silver has outperformed most asset classes in 2010. A jeweler displays a replica of an Indian 500 rupee currency note made from 10 grams of pure silver. Image Credit: AFP/Getty Images But that doesn’t mean you should... 

Rupee Drops On Weak Shares; Inflation Eyed

At 10:55am, the partially convertible rupee was at Rs 45.30/31 per dollar, 0.15% weaker than its Rs 45.24/25 close on Thursday MUMBAI, Jan 14: The rupee fell on Friday tracking losses in local shares, which raised worries of foreign investors continuing to pull out funds from Asia’s third-largest... 

States’ Performance- Manipur One Of The Biggest Losers

Economically, India‘s most successful regions are small, relaxed, beautiful and reasonably well governed ‘” not its industrial powerhouses The central statistical office has released figures of state domestic product from 1999-2000 to 2007-08. This nine-year period comprises both the latter... 

Sensex Falls By Nearly 500 Points On Rate Hike Fears

Bombay Stock Exchange (BSE). Image Credit: Tehelka MUMBAI, Jan 7: The Sensex lost nearly 500 points (2.44 per cent) on Friday, as worries of a steep rate hike by the Reserve Bank of India (RBI) dominated market sentiment. The drop pulled down the Sensex below the 20,000 level to 19,691.81. The Nifty... 

Economy To Grow By 8.8% In 2010-11: IMF

WASHINGTON, Jan 6: The International Monetary Fund (IMF) expects Indian economy to grow by 8.8 per cent during the current financial year, up from 7.4 per cent a year ago, mainly driven by robust growth in farm sector and pick up in consumption. The multilateral lending agency, however, expressed concern... 

‘Microfinance 2.0’: New Tools, New Goals And New Ways To Lift People Out Of Poverty

Some of the major misconceptions about microfinance — small loans of under $100 that enable Third World residents to become entrepreneurs — can be summed up by what happened roughly a decade ago, when the pioneering Grameen Bank decided to help female villagers in Bangladesh enter the mobile... 

Yunus Advocates Regulatory Body For Micro Credit In India

AHMEDABAD, Dec 17: There should be some regulatory authority when you have so many micro credit programs running. It’s time to have one for transparency purposes so that people are given out information in a transparent way Nobel Laureate and founder of Bangladesh‘s Grameen Bank Muhammad...