-Deccan Herald Between 2005 and 2010, 140 lakh people were displaced from agriculture and 57 lakh jobs were lost in the manufacturing sector. With a bountiful monsoon and a record foodgrain production, agriculture is going to be the saviour of the Indian economy in 2013-14. At a time when there is an all around doom and gloom -- industrial output failing to keep pace, manufacturing sector refusing to look up, joblessness growing,...
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Industry tops anti-graft rankings
-The Telegraph Mumbai: Just when India Inc is battling a welter of accusations about crony capitalism, Transparency International has put out a report that will buttress its argument that the CBI-inspired witch hunt to name and shame some of the best-known business barons in the country is "preposterous and unwarranted". The report says Indian companies have the greatest commitment to fight corruption and the best internal systems in place to do so...
More »Punjab to bolster cancer relief fund with cess on basmati -Amaninder Pal Sharma
-The Times of India PATIALA: After generating much-needed revenue from sale of government properties and taxes on sale of tobacco products in the state, Punjab is now set to pump money for its cancer relief fund from a cess on the sale of basmati rice. In a notification issued recently, the Punjab government has decided that 0.25% of the total revenue generated from the purchase of basmati in the state would be...
More »Growth slowest in four years
-The Telegraph The Indian economy grew at just 4.4 per cent in the first quarter ended June 30 - its slowest pace in four years. The grim figure deepened worries for the UPA government, which has been battling criticism over its failure to halt the slide in the rupee, cap deficits, ignite growth and slam the lid on inflation. The tepid growth had been anticipated with finance minister P. Chidambaram acknowledging a few...
More »Amid slugfest with BJP, PM hints at hiking fuel prices, curbing gold imports
-The Times of India NEW DELHI: The Prime Minister on Friday called for a political consensus on "more difficult reforms", indicating that the government was considering a cut in fuel subsidy, which would mean higher petrol and diesel prices, and bringing in measures to curb gold imports. Making a statement in the Lok Sabha on the current economic situation, Manmohan Singh admitted that the current account deficit had gone up sharply and...
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