-The Economic Times KOLKATA: With over 43,000 jobs generated in the small and medium enterprises (SMEs) sector between April 2011 and up to February 15, 2012, West Bengal has emerged as a front-runner state to facilitate growth in the SMEs sector, apex industry body Assocham said on Tuesday. Utilizing the margin subsidy money worth Rs 52.49 crore, the state of West Bengal assisted about 5,290 SME units across the state, according to...
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A middle path to nowhere-G Omkarnath
MANMOHAN SINGH AND ECONOMICS Sanjaya Baru’s article "The economist as saviour", an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. Sanjaya Baru’s article “The economist as saviour” (editorial page, The Hindu, July 4, 2012), an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. What we...
More »The growth model has come undone-Mritiunjoy Mohanty
-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...
More »Madhya Pradesh's GDP goes up to 12 per cent-Lemuel Lall
Madhya Pradesh's Gross Domestic Product ( GDP) growth rate has swelled to 12 per cent in the last fiscal from 8 per cent in 2010-11, according to the revised estimates, officials said on Friday. Besides, the state, having agrarian economy, recorded 18 per cent agriculture growth rate in 2011 - 12, they added. The economic and agriculture growth is bound to benefit a huge populace engaged in construction and agriculture sector by...
More »What killed our boom-Ashok V Desai
-The Telegraph Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...
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