HM Nerurkar, Managing Director of Tata Steel opined that the Union Budget 2013-14 made an attempt to achieve inclusive growth and a sustainable economy given the global economic scenario. Nerurkar welcomed the thrust given to the infrastructure industry through investment allowance of 15 per cent and various steps for mobilising funds for the gro
Tag: economy
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Survey expects rebound in economy in 2013-14
The Economic Survey for 2012-13 expects the Indian economy to grow between 6.1 and 6.7 per cent in 2013-14, which is higher than the advance estimate of 5.0 percent growth in the current financial year. The survey has
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RBI has limited room for policy easing
In an interview to a leading media, Reserve Bank of India (RBI) Governor D Subbarao remarked that the roon for monetary easing is limited over the next few months because of the outlook for inflation and outlook for growth. He said the central bank would take into account the fiscal consolidation measures and deficit projections by the finance minister in the coming Budget to decide on t
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PwC India suggests tax benefits for oil & gas sector
PwC India has suggested the government to give some tax benefits to the oil and gas sector. Deepak Mahurkar, Leader Oil & Gas, PwC India recommended the government to make all petroleum sector transactions eligible for classical GST benefit. He proposed the government to include natural gas and coal bed methane in the 'mineral oil' category, in order to q
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China allays fears of India on Gwadar Port
Chinese Ambassador to Pakistan, Liu Jian allayed fears of the Indian government about Pakistan handing over management of Gwadar Port to China. Speaking at a function, the ambassador said the transfer of management is in the economic interest of the peoples of China and Pakistan
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Demand for steel expected to recover
According to media reports, the TATA Steel expects demand for steel to revive following the reform measures taken by the government and also the recent monetary policy easing by the Reserve Bank of India (RBI). The company feels that currently, demand for steel remains sluggish with many infrastructure projects that have achieved financial closure not taking off. He said that besides steel demand from the automobile sec
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Demand for steel expected to recover
According to media reports, the TATA Steel expects demand for steel to revive following the reform measures taken by the government and also the recent monetary policy easing by the Reserve Bank of India (RBI). The company feels that currently, demand for steel remains sluggish with many infrastructure projects that have achieved financial closure not taking off. He said that besides steel demand from the automobile sec
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Global crude oil price may move in narrow range
Reports suggest that the global crude oil futures may trade in a narrow range as traders are cautious following the bleak outlook of the euro zone. Recently, the European Central Bank President Mario Draghi informed European lawmakers that the economic outlook for euro nations remained weak at the start of 2013 but the bank expects "a gradual recovery later this year
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Global crude oil price may move in narrow range
Reports suggest that the global crude oil futures may trade in a narrow range as traders are cautious following the bleak outlook of the euro zone. Recently, the European Central Bank President Mario Draghi informed European lawmakers that the economic outlook for euro nations remained weak at the start of 2013 but the bank expects "a gradual recovery later this year
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FIIs invest more in equities than bonds
Reports indicate that Foreign institutional investors (FIIs) are investing more in equities than in debt. Some analysts opine that FIIs are more comfortable with equities because there are no restrictions there. Moreover, arbitrage opportunities in debt may have reduced, they opine. Bankers said the overall cost for an FII to invest in Indi