-The Times of India Indian households are allocating less of their spending to education and healthcare and more to travel and eating out than they did in the past, the latest GDP data reveals. Expenses towards education and medical care have, in fact, been declining since 2008-09, according to the data, along with a decline in spending on food. Expenditure towards medical care and health services has declined from 3.9% of the...
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EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray
-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from CRISIL, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. CRISIL, which was appointed by EPFO to advice on investment portfolio, has said that none of...
More »IMF forecasts 4.5% growth for India; to lose second fastest-growing economy tag
-The Economic Times India looks all set to cede the moniker of the world's second fastest growing major economy for 2012, a fall from glory for a country that was spoken in the same breath as China for much of the previous decade and even nursed ambitions of upstaging its larger neighbour. The latest global economic growth forecasts from the International Monetary Fund (IMF) have India growing at 4.5% in 2012 (at...
More »Villagers in poor states use ration shops less, shows survey data-Surabhi
-The Indian Express Rural families in low income states such as Bihar, Uttar Pradesh and West Bengal depend far less on ration shops for wheat and rice than the national average. In Bihar, less than 12 per cent of the rural population uses ration shops to buy rice, and in West Bengal, less than 6 per cent of rice consumed by rural families is bought from these shops, data from five-yearly...
More »Rural India Spending High Amount on Protein Food: CRISIL
-Outlook Rising income levels in rural areas have led to an unprecedented demand for protein-based food items, leading to sustained pressure in headline inflation, says a CRISIL report. "Rising incomes in rural areas are fuelling greater spends on protein products such as milk, eggs and meat in the hinterland. Overall spending in the country on protein food doubled to Rs 2 lakh crore in 2009-10 from 2004-05. Two-thirds, or Rs 1.33 trillion,...
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