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| Eight percent growth indicates UPA's success: Chidambaram | |
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Description: New Delhi, July 28 (ANI): Home Minister P. Chidambaram, while addressing a conference at FICCI on Wednesday, stated that India's recent record of eight percent growth is a landmark that speaks of the success of the new wave of reforms by the UPA government. The minister, who had earlier been the central finance minister from 2004 to 2008, added that the reforms also led to search for solutions of various other issues such as unemployment, land acquisition, food security and rising insurgency in northeast India and Kashmir. Views:2206 |
| India is committed to economic reforms: Pranab | |
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Description: London, July 26 (ANI): Addressing the fourth ministerial-level India-UK Economic and Financial Dialogue, Indian Finance Minister, Pranab Mukherjee in London on Monday said India is committed to economic reforms and the country has recorded 8.5 per cent growth rate in 2010-11 despite global slowdown impacting the world economy. He said the global economic slowdown saw the bilateral trade declining in 2009-10, but figures for 2010-11 indicate recovery. The Finance Minister also stated that the two countries have agreed to strengthen financial sector collaborations. Views:3742 |
| 20 years after eco reforms, experts weigh the pros and cons | |
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Description: New Delhi/Varanasi, July 24 (ANI): Reacting on 20 years of economic reforms introduced by former Finance Minister Manmohan Singh, Indian Economists say that India has gone through massive transformation in several sectors including technology and communication but issues of poverty and corruption have hampered much of progress. On 24th July 1991, Manmohan Singh, in his maiden budget as the finance minister under the late PV Narasimha Rao-led Congress government, declared the opening up of Indian economy rejecting licence raj and introduced the reforms, which are summarized as LPG-Liberalisation, Privatizationa and Globalisation Professor of Economics and Dean of Social Science Faculty of Banaras Hindu Univeristy, Anil Kumar Jain, opines country witnessed a massive transformation in the past 20 years and then finance minister Manmohan Singh brought the country out of a major economic crisis. Views:8272 |
| 20 years of eco reforms, debate on the beneficiaries still on | |
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Description: New Delhi,July 24 (ANI): Reacting to the economic reforms introduced 20 years ago by the then Finance Minister, Manmohan Singh, political leaders continue to analyse and deliberate the impact caused by it.On 24 July 1991, Manmohan Singh, in his maiden budget as the finance minister under the PV Narasimha Rao-led Congress government introduced the economic reforms which was a watershed moment in the history of India economy. Congress leader and Minister of State for Parliamentary Affairs, Rajiv Shukla said that the country, which was teetering on the state of bankruptcy at that time, could emerge out of it by the free market reforms. Views:11506 |
| ONGC exploring fields for uranium mining in Tripura | |
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Description: Agartala,July 24 (ANI): State-run Oil and Natural Gas Corporation (ONGC) is all set to take up the new challenge of uranium exploration in Tripura.AK Hazarika in Agartala,Chairman and Managing Director (CMD) of ONGC says a pilot project is being launched to explore fields for uranium mining in the riverbed of rivers Krishna and Godavari.Hazarika also said ONGC is working towards revamping its ageing infrastructure and technology at the oil fields across the country especially one at Lakwa in Assam. Views:3494 |
| India approves Dollar7.2 billion Reliance-BP Deal | |
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Description: New Delhi, July 23 (ANI): The Indian government on Friday approved Reliance Industries' plan to sell 30 percent stake in 21 oil and gas blocks, instead of the 23 originally planned, to Britain's BP as part of a Dollar7.2 billion deal, informed Oil Minister S Jaipal Reddy. The approval for one of the largest investments in India's oil and gas sector will pave the way for Reliance to benefit from BP's deepwater exploration expertise, partly in its key gas fields off India's east coast, where gas output has been slowing for many months. The two companies signed the deal in February. Views:3281 |
| Thomas asks states to lift off grains or loose procurement quota | |
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Description: New Delhi, July 21 (ANI): Food Minister K. V. Thomas on Wednesday warned states that they would loose their benefit of procuring 15 million tonnes of specially allocated food grains if they are not lifted off by them. Thomas said this after meeting with Food Ministers and secretaries of seven states in national capital New Delhi. Keeping this year's bumper harvest in mind, Thomas proposed warehouses that would provide farmers incentives of financial assistance along with providing storage facilities for abundant grains. Views:6557 |
| Q1 results of Infosys: 15.4percent YoY profit | |
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Description: Mysore, July 13 (ANI):Infosys Technologies Limited, on Tuesday announced its first quarterly report in Mysore. It narrowly missed expectations with a 15.4 percent rise in first-quarter profit, the fourth time in five quarters that it has fallen short of expectations. While talking to mediapersons, Managing Director of the company S. Gopalakrishnan, said that in the entire process, the company and its subsidiaries added around 26 clients, which is the slowest pace in the least four years, highlighting global economic uncertainty and concerns about top management changes in the company. Views:16449 |
| Pranab reviews performance of PSU banks | |
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Description: New Delhi, July 8 (ANI): Finance Minister Pranab Mukherjee met the Chairmen and Managing Directors of public sector banks (PSBs) and other financial institutions (FIs) of the country to review their annual performance, at New Delhi on Friday. The high level conference, hosted by the Ministry of Finance, was to rectify the possible anomalies present in the existing system. During the meeting, Mukherjee is expected to conduct the review of their performance in different areas, including the flow of agriculture credit, credit offered to micro, small and medium enterprises (MSMEs) and the disbursement of housing loans and education loans, among others. Views:21147 |
| Planning Commission approves TN's Rs 23,535 cr outlay | |
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Description: New Delhi, July 07 (ANI): The Planning Commission on Wednesday approved Tamil Nadu's annual plan of Rs 23,535 crore for 2011-12, which is Rs 3,467 crore higher than last fiscals outlay. Tamil Nadu Chief Minister, Jayaram Jayalalithaa met Deputy Chairman of Planning Commission, Montek Singh Ahluwalia in New Delhi on Wednesday and discussed allocation of funds for the state ahead of implementation of the 12th Year Plan. Expressing satisfaction with the Commission's fund allocation to the state, Jayalalithaa said her expectations have been met. Views:17719 |