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In the Union Budget 2010-11, Finance Minister
Pranab Mukherjee laid emphasis on consolidated growth, improving
investment environment and opting for inclusive development. He not
only broadened the income tax slab but also enhanced presumptive tax
limit for small scale industries. Allocation for power sector...
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Since there being no single agency to fund infrastructural requirements which are likely to be worth US$ 90 billion by 2011-12, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has suggested creation of ‘Infrastructure Financing Fund’ through which states and central departments can...
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The Indian Auto industry is one of the
largest industrial sectors with a turnover that contributes to roughly
5 per cent of India's GDP. The Indian car manufacturing industry in
February 2009 saw a rise in car sales of 21.8% due to reduction in fuel
prices, hefty discount by the manufacturers,...
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The Reserve Bank of India has announced that NRI repatriation to India has already crossed $39 billion mark during the first nine months of 2008. This means that the total for 2008 will easily be more than 40 billion dollars and even close to 50 billion dollars. If 39 billion dollars have been received...
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The global growth outlook has steadily worsened. The NBER has confirmed that the US has been in recession since December 2007. While it was thought that Asia would escape the brunt of the crisis, recent data from Asian countries have not been encouraging. With growth slowing down in China, the...
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