May 2nd, 2012 
Malvika Non-resident Indians (NRIs) have sent $ 63.6bn to India through remittances. Overseas Indians have sent more money than ever before. According to the World Bank, the increase in value of remittances is also due to a sharp fall in 2011 in the value of the rupee.
In 2010, India received $ 54bn in remittances.
Posted in india, News 
Tags: Amount Of Money, China China, Current Account Deficit, Economic Outlook, Foreign Investment, Global Credit, Gross Domestic Product, Income Countries, India Economy, India Imports, India S Economy, Inflow, International Investors, International Monetary Fund, Migrant Workers, Overseas Nationals, remittance, Remittances, rupee, Trade Deficit 
Comments Off May 2nd, 2012 Malvika Standard & Poor’s (S&P) credit analyst Takahira Ogawa listened politely as Indian govt officials at the finance ministry made an hour-long pitch for a ratings upgrade, citing economic growth prospects, revenues and their efforts to contain the government’s fiscal deficit.
Posted in india, News Tags: Bbb, Borrowers, Credit Analyst, Debt Levels, Economic Adviser, Exodus, Finance Ministry Officials, Fiscal Deficit, Global Agencies, Govt Officials, Gross Domestic Product, Growth Prospects, Investment Destination, Investor Confidence, Optimism, Private Economists, Relative Terms, Shockwaves, Television Screens, Top Finance Comments Off May 2nd, 2012 Malvika It is a problem that confronts most steel makers, but few have been able to work round it. The one who has is Tata Steel. The Rs 29,396-crore steel major is piloting a technology at Vizag in Andhra Pradesh that will help it reduce wastage when it removes the ash content from coal mines.
Posted in india, News Tags: Agro Chemical, Ash Content, Coal Mines, Gopalakrishnan, India Inc, Information Technology Company, Innovista, Iron Deficiency, Jamshedpur, Jharkhand, Soil Quality, Steel Makers, Table Salt, Tata Chemicals, Tata Consultancy Services, Tata Consultancy Services Tcs, Tata Group, Tata Sons, Tata Steel, Vizag Comments Off April 26th, 2012 Ziaulla Namani Applauding the role of Indian companies in stimulating US economy and creating jobs during the tough days of economic recession, top American lawmakers, cutting across party lines, pledged to strengthen economic ties between the two countries.
Posted in india, News Tags: American Soil, Colleges And Universities, Community Colleges, Confederation Of Indian Industry, Corporate Social Responsibility, Development Investments, Economic Downturn, Economic Recession, Economic Ties, Encouraging Science, Engineering Mathematics, India Caucus, Indian Roots, Mark Warner, Mergers Acquisitions, Mergers And Acquisitions, Profit Organisations, Rare Show, Tough Days, Warner Co Comments Off April 25th, 2012 Ziaulla Namani The Financial crunch faced by the Indian Airlines is affecting the Banks of government of Indian Undertaking.
In a reply to the Rajya Sabha by finance minster of state the amount due are outstanding.
Posted in india, News Tags: Air Carrier, Air Carriers, Bank Of India, Crore, Financial Crunch, India Leader, Indian Airlines, Jet Airways, Kingfisher, Kingfisher Airlines, Meena, Minister Of State, Minster, Namo, Narain, Private Airlines, Rajya Sabha, Second Quarter, State Bank, State Bank Of India Comments Off April 24th, 2012 Ziaulla Namani Kerala-born M. A. Yusuffali is today dubbed as one of the most influential Indians in the Gulf Cooperation Council (GCC), a political and economic alliance of six Middle Eastern countries – Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman.
He is the first non-Arab elected member of Abu Dhabi Chamber of Commerce and Industry, Khaleej Times reported.
Posted in News, NRI Investing Tags: Abu Dhabi Chamber Of Commerce, Abu Dhabi Chamber Of Commerce And Industry, Business Growth, Chamber Of Commerce And Industry, Commerce Industry, Economic Alliance, Elected Member, Financial Meltdown, Grocery Supermarket, Gulf Cooperation Council, Hypermarket, Hypermarkets, Khaleej Times, Local Brands, Middle Eastern Countries, Regional Brand, Retail Business, Saudi Arabia, Shopping Malls, United Arab Emirates Comments Off April 24th, 2012 Ziaulla Namani Indians continue to be among the world’s most confident people about their economy on account of moderating inflationary pressure and the easing of tight money policy stance of the Reserve Bank, says a report.
According to global research firm Ipsos, India has emerged as the second most economically confident nation for the second consecutive time.
India’s economic confidence jumped by five points to 75 per cent in March compared to the previous month, to retain the second most economically confident nation title after Saudi Arabia which tops the table with 89 per cent.
China is the third most economically confident country, where 71 per cent are optimistic about their economy, followed by Sweden (70 per cent), Germany (68 per cent), Canada (64 per cent) and Australia (62 per cent).
“India has overtaken Japan to become the third-largest economy in terms of purchasing power parity (as per IMF report) and is heading for accelerated growth, following RBI cutting repo rate by 50 bps and inflation moderating to acceptable level,” Ipsos India CEO Mick Gordon said.
“This should provide some confidence to the overall sentiments and help in stimulating investment.
Posted in News Tags: Acceptable Level, Bps, Consecutive Time, Economic Confidence, Five Points, Global Citizens, Global Research, Imf Report, Indian Citizens, Inflationary Pressure, Ipsos, Money Policy, Natives, Personal Finances, Policy Stance, Purchasing Power Parity, Saudi Arabia, Sentiments, Tight Money, Time India Comments Off April 22nd, 2012 Ziaulla Namani Power Minister Sushilkumar Shinde has said that India is projected to become the world’s third-largest energy consumer by 2020 after the US and China.
Speaking at the World Energy Leaders Summit in Istanbul, Shinde said India has conducive policy environment as well as regulatory framework for securing a sustainable energy future.
Posted in india, News Tags: Alstom, Ansaldo, Critical Technologies, Demand Side Management, Energy Consumer, Energy Efficiency, Energy Leaders, Energy Requirement, Energy Supply, Energy User, Indian Economy, Indian Manufacturers, Policy Environment, Power Minister, Power Plants, Power Shortage, Pronged Strategy, Supply Sources, Sustainable Energy Future, World Energy Comments Off April 21st, 2012 Ziaulla Namani India’s services exports grew 1.8 per cent to USD 11.23 billion in February this fiscal over the previous month, the Reserve Bank said on Friday. Export of services were USD 11.02 billion in January.
Posted in india, News Tags: April, Balance Of Payment, Computer Telecommunications, Construction Services, India Exports, Information Services, Nine Months, Overseas Shipments, Penultimate Month, RBI, Telecommunications Services, Transport Services, Travel Services Comments Off April 21st, 2012 Ziaulla Namani The Reserve Bank of India (RBI) has advised banks to offer all customers a ‘basic savings bank deposit accounts’ which will not insist on a minimum balance.
Posted in india, News Tags: Bank Accounts, Bank Deposit, Bank Of India, Customer Identification, Deposit Accounts, Foreign Banks, Inclusion, Minimum Balance, Nature, Nomenclature, Numerical Targets, Reserve Bank of India, Rs 500, savings account, Savings Accounts, Savings Banks Comments Off April 21st, 2012 Ziaulla Namani The state government is considering the option of seizing assets of entrepreneurs in Pune district who have defaulted on loan repayment to the Industries department. There are around 1,700 entrepreneurs who have availed themselves of the soft loans totalling around Rs 17 crore.
Posted in india, News Tags: 3 Years, Concession, Crore, Financial Express, Food Processing, Including Computer, Lakh, Loan Repayment, Manufacturing Industry, Money Scheme, Realization, Regional Transport Office, Seed Money, Seizure, Simple Interest, Soft Loan, Soft Loans, Source Financial, State Government, State Govt Comments Off April 21st, 2012 Ziaulla Namani India has been ranked as the most optimistic nation in Asia in a global consumer confidence survey.
At 81.2, in an index which is calculated with zero as the most pessimistic 100 as the most optimistic, India was the leader of the pack in Asia, said MasterCard Worldwide Index of Consumer Confidence.
Posted in india, News Tags: Asia India, Asia Pacific, Confidence Survey, Economic Growth, Egypt, Global Consumer, Index Of Consumer Confidence, Kuwait, Leader Of The Pack, Middle East, Morocco, Nigeria, Oman, Qatar, Quality Of Life, Respondents, Saudi Arabia, Six Months, Stock Market, Worldwide Index Comments Off April 21st, 2012 Ziaulla Namani “The structure of the economy has changed (since 1991).
Posted in india, News Tags: Account Deficits, Crisis Response, Current Account Deficit, Downturn, Drastic Actions, Economic Growth, Economic Reforms, Financial Markets, Fiscal Deficit, Gdp, Governance Issues, Indian Economy, Panel Discussion, Phenomenon, Regulatory System, Resilience, Response Mechanism, Serious Concerns, Shocks, Subbarao Comments Off April 21st, 2012 Ziaulla Namani India’s state-run banks were trading lower on fears that margins may be hit after some cut their base rate, reacting to a government directive to review lending rates after RBI’s deeper than expected cut in its policy rate on Tuesday.
Posted in india, News Tags: Assets, Bank Of Baroda, Bank Of India, Basis Points, Brokerage, Contraction, Fear, Fears, Government Directive, Hurry, Margins, Private Lender, Psu Banks, Punjab National Bank, Quarters, RBI, Repricing, Reuters, Syndicate Bank Comments Off April 9th, 2012 Ziaulla Namani In a report released by IATA India bagged second position in domestic air traffic growth in the world after Brazil, but the high growth hid the financial weakness facing the Indian carriers, global airline body the report has said.
Posted in india, News Tags: Air Transport Association, Aviation Industry, Business Class Travel, Business Confidence, Domestic Air Traffic, Domestic Markets, Emissions Trading Scheme, Financial Meltdown, Financial Weakness, Global Airline, Global Traffic, International Air Transport, International Air Transport Association, International Aviation, Oil Prices, Policy Initiatives, Rapid Rise, Trade War, Traffic Growth, Traffic Results Comments Off
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