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Archive for the ‘Economy’ Category

India loses a whooping $65 bn yearly because of poor logistics

A report made a revelation that every year India loses a whooping $ 65 bn due to inefficient supply chain management system. This loses happens in spite of the retail sector being in the high growth mode.

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FM introduced Direct Tax Code bill in Lok Sabha

The much talked about Direct Tax Code (DTC) bill was introduced today in the parliament by the finance minister Pranab Mukherjee.

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Majority of India’s ‘middle class’ earns between 1000 to 2000: ADB

India is growing at a pace never seen before and its corporate are makes millions and waves in the business arena across the globe.

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Taxpayers may get relief in terms of tax rates

Here is good news for the tax payers.

As per the PTI news the taxpayers may get respite in terms of tax rates in the proposed Direct Taxes Code (DTC), which is likely to replace the 50-year-old Income Tax Act from the next fiscal.

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Inflation affects household budget in India

Inflation in India dropped to negative market recently. For the first time in last 33 years the inflation rate turned to negative in India. Despite the negative inflation in India people have been feeling the pinch of the food prices.

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Govt. to declare more stimulus packages?

The Government of India may come up with more stimulus packages for various sectors. In order to give relief to various sectors the government may declare the stimulus packages in the budget.

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Government plans for modernization of PSUs

The government of India plans for the modernization of Public Sector Undertakings (PSUs). The Steel Minister, Virbhadra Singh told media that his ministry would spend Rs 70,000 crore for the modernization of and expansion programmes of three PSUs – Steel Authority of India Limited (SAIL), Rashtriya Ispat Nigam Limited (RINL) and National Mineral Development Corporation Limited (NMDC).

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Will Securities Transaction Tax (STT) be abolished in India?

The Indian stock market and investor have been demanding the government to abolish the Security Transaction Tax (STT). STT is the tax levied on the security transactions.

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UPA Govt may go for disinvestment of PSUs, PM hints

The UPA government formed the government in India for the second term. This time the left parties are not in the government to guide the government of its disinvestment policies.

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India Tourism Development Corporation (ITDC) Pays Dividend

New Delhi, June 2, 2009: The State owned India Tourism Development Corporation (ITDC) has declared a 20% dividend for the financial year 2007-2008. This is the 2nd consecutive year that ITDC has declared dividend.

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FIIs make net investment of Rs 15,281.60 crore in Indian Stock Market in May 09

Due to the global recession, Indian stock market suffered huge losses. Investors have lost their confidence in the market and pulled back their investments from the market.

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UPA Govt. to focus on ways to reduce fiscal deficit

The Congress led United Progressive Alliance (UPA) got the mandate in India. The UPA will form the government in India. Now the big challenge in front for the newly to be formed UPA government is to strike a balance between need for fiscal stimulus and fiscal measures.

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Industrial output declines 2.4 per cent in March 2009

Industrial growth rate in India has been decreasing for last two months. In March the industrial growth – index of industrial production (IIP) was decreased to 2.4 percent against 8.5 recorded in March 2008.

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Global Slowdown strikes investment prospects in India

The global slowdown has affected Indian economy in many ways. The impact of the global slowdown is high on the investment scenario in India. Investment in stock during the global slowdown results loss.

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In India, is there a gap between the Rich and Poor ?

One of the primary objectives of the economic policies of most countries in the world has been economic equality – “equal pay for equal work”. However, many countries, both developed and developing, have struggled over the years to achieve this objective.

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