Browsing articles in "Economy"
Mar
4
2013

Chidambaram’s Hangout:

Budget FY14

Indian finance minister P Chidambaram is going to have a Google Hangout today to take queries over the much awaited but a non-event budget for FY14 presented on February 28. For the first time an online platform would be used by the Indian finance minister to respond over public queries or netizens’ queries. He will join the hangout which is a video chat today at 8:00 PM. Previously such a powerful and effective online interactive […]

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Aug
17
2012

Indian economy to grow at around 7% in FY13 – Economic Outlook FY13:

PMEAC growth outlook

C Rangaran, the chairman of PMEAC (Prime Minister’s Economic Advisory Council) expects the Indian economic growth to stand at 6.5% – 7% in FY13. The presented number is in accordance with the RBI estimate of 7%. He has presented the mid-year economic outlook for FY13 and proposed the expected growth rate for various sectors for the coming fiscal. The committee compared the previous years’ growth numbers and forecasted the expected numbers for FY13. The figures […]

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Aug
15
2012

Circular Trading:

Fundamental analysis

Circular trading is a fraudulent trading practice which aims at artificially creating high trading volumes and affecting the price of the stock. It is a practice whereby two or more brokers/clients enter the buy or sell order who know beforehand that a similar offsetting order for the same stock at a similar price and quantity have been entered or is to be entered at the same time by some another person. For instance if two […]

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Aug
9
2012

June IIP disappointing data depicting contraction:

IIP data

The IIP (Index of Industrial Production) numbers as released for the month of June are very disappointing. Instead of exhibiting a growth of the Indian economy, the numbers posted contraction to 1.8%. The figures for the month of May were 2.5% but the economy contracted to 1.8% m-o-m (month-on-month). The individual sectors’ growth numbers were also alarming including the capital goods, manufacturing sector and consumer non-durables sector. The IIP figure for mining sector grew at 0.6% […]

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Aug
8
2012

Coal India finalizes FSA:

Coal India - FSA

The world’s largest coal miner Coal India Ltd. has finally decided the most discussed penalty clause included in the FSA (Fuel Supply Agreement). In the meeting held on Aug 7, 2012 the CIL board approved the penalty clause associated with the agreement. According to the newly decided clause, now the CIL is bound to supply 80% of the coal needs for the new power projects. For fulfilling 80% of the coal needs the CIL stipulated […]

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Jul
5
2012

ECB rate cut seen as a recent relief:

ECB rate cut

The European Central Bank (ECB) cut it’s benchmark interest rates to an all time low at 0.75% from the earlier level of 1.00% . This rate cut of 25 basis points is done as a measure to boost liquidity in the markets. Even the overnight deposit rate has been brought down at zero percent. The ECB president Mario Draghi made the interest rate changes to bring an effective liquidity in the Eurozone’s banking system in […]

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Jun
12
2012

Markets surged despite disappointing IIP data:

IIP data

The IIP (Index of Industrial production) data for the month of April was released today. The official data released was quite disappointing against the market expectations. The IIP for April is at 0.1% against 5.3% in April last year. The previous month’s IIP data was at -3.2%. IIP is an index which indicates the growth of different sectors of an economy but excludes all kinds of services. Even though the IIP data came back to […]

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Jun
11
2012

Terror of “The First BRIC Fallen Angel”:

S&P India downgrade

The S&P (Standard & Poor’s) has presented a recent report and warned the probability of downgrading India’s investment grade owing to slow growth and high vulnerability to economic shocks. The global rating agency gives credit rating to various economies based on the future growth prospects and risk management of the host country. It rates the economies primarily on the following parameters: Macro-economic fundamentals Budget management, and Ability of the Government to take quick actions in times […]

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Jun
9
2012

Fate of Indian markets to be decided in next 10 days:

Indian economy

Since last few weeks the Indian markets are trading with much of a range bound rally, with an over-mounting downward fear. Still the markets have not received a clear trend and the reasons being very diverse. Now the coming 10 days would decide the fate and give a direction to them. Investors are sitting on a pile of cash waiting just for the right time to pitch the best investments. Some of the reasons responsible for […]

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Jun
4
2012

BHEL final dividend 2012:

BHEL dividend

The Bharat Heavy Electricals Ltd. board has recommended a final dividend of Rs. 3.68 per equity share or 184%. The declaration was made at a meeting held on 23rd May 2012.

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