Housing finance a priority sector for weaker sections
January 30th, 2012
Malvika The apex bank of India, Reserve Bank said it is considering categorizing housing finance for weaker sections as priority sector lending by early next month to ensure adequate flow of credit.
India present opportunity of $ 1 tn consumer market
January 28th, 2012
Ziaulla Namani PricewaterhouseCoopers (PwC) today said India’s middle class will grow in size to become a USD 1 trillion opportunity to be tapped for various consumer-oriented industries.
The country’s total population will be around 1.36 billion by 2021 of which middle class will account for 570 million.
Indian tycoons put Dubai in Billionaires list
January 27th, 2012
Ziaulla Namani Superrich business tycoons from India has strengthen Dubai’s position as the city with the most billionaires in the Middle East, according to a latest index that ranks Mumbai fifth largest hub of billionaires.
Intl Airlines cautious of stakes in Indian aviation
January 25th, 2012
Ziaulla Namani Several major international airlines seem to be wary of picking up stakes in the loss-making Indian carriers at this stage, even as the government plans to take steps to allow them to do so.Even before the government formally notified changes in the aviation policy that currently bars foreign carriers from investing in Indian airlines, officials and spokespersons of major international airlines have said they were not interested in investing in the Indian aviation market.
Indian currency most undervalued: Burgernomics
January 25th, 2012
Ziaulla Namani As per the latest Big Mac index, compiled by the Economist magazine to analyse purchasing-power parity of various global currencies, Indian rupee is most undervalued.
The price of Big Mac burgers of McDonald`s is considered for the index for the reason of the presence of fast-food chain across most of the countries and the magazine calls this theory `burgernomics`.
India in a better position to tackle slowdown
January 24th, 2012
Malvika The International Labour Organisation (ILO) think India is expected to withstand the latest global slowdown better than most countries, if it ensures rising income levels for the working class and enough jobs for a growing working-age population.




