gdp growth

Union Finance Minister, Shri Pranab Mukherjee has stressed on the need to sustain and pursue the efforts currently underway to reform the international and national policy regimes for better managing the forces of globalisation, in serving the collective well-being of people. He was speaking after inaugurating the National Banking Conclave organised by ASSOCHAM on the theme 'Challenges and opportunities in a Trillion Dollar Economy', here today. Full Article

The demand of construction is increasing with a speed equivalent to the speed of Delhi metro traveling each day. Road Construction and infrastructure construction is wheel of Indian economic growth from the time of 2004 when it became a word of mouth Full Article

One Trillion US Dollar Required for Infrastructure Sector: FM Financial Sector Legislative Reforms Commission to be Set up to Clean up Financial Sector Laws: FM Full Article

The Chinese economy was the first economy to show the hope of recovery when the world economy came to an end. Chinese stimulus package led the hope of fire run across the world as the FIFA CUP 2010 was made roaming across the World. The world economy got the first relief with the GDP numbers showing signs of growth came from the Chinese economy. Full Article

The global powerful financial houses and banking giants needs a chemical to wash their foresight about the world economic recovery and GDP growth numbers projected by them in the last term. The International Monetary Fund (IMF) lifted China's GDP growth forecast for 2010 to 10.5 percent from the earlier projection of 10 percent. IMF has raised its world economic growth forecast from 4 per cent to 4.5 per cent. Full Article

RBI has increased cash reserve ratio by 75 bps to 5.75 Percent , the hike would happen in two stages, the first stage of hike of 50 bps will be effective from February 13 and the next 25 bps from February 27. RBI has not touched the the reverse repo rate which is at 3.25 percent and repo rate which is at 4.75 percent. CRR hike would suck out Rs 36,000 crore liquidity from the system. Full Article

GST is just a VAT :-GST as you are aware is just value added tax (VAT) because when made a presentation to the chief minister this was an issue which I was asked - In three years you have somehow setup VAT and now you are talking about GST. I told them GST is VAT but two major more taxes are coming in but every other operation is like VAT. Full Article

Japan’s second quarter GDP increased by 4.8% in 2009 from a year ago. This was surprising for most economists as the predicated a 2.7% growth. The figure is very much reliable as the GDP number came riding not only at the cost of export buts also domestic demand contributed too. Consumption of goods has increased in Japan along with investments growth in manufacturing and capital goods and other sectors excluding residential projects. Full Article