Indian Economy-News & Updates

[jarves]

24,000 foreign tourists visit Surajkund fair | Business Standard

In the first six days of the fortnight-long annual fair, the footfall in the 28th Surajkund International Crafts Mela in Haryana's Faridabad district has crossed 1.75 lakh, including nearly 24,000 international visitors.

Stating this today, member of Surajkund Mela Authority and Haryana Tourism MD, Sumita Misra said the fair was attracting people from different walks of life and across age groups.

She said only craftspersons enlisted in the list given by the government are allowed to set up their stalls in the Mela after screening which include national and state awardees.

She said that the main motive behind organising such a grand fair is to provide the craftspersons an opportunity to sell their products directly to the buyers without the involvement of middlemen.

Misra said that the Surajkund Mela Authority made elaborate transport arrangements and with the cooperation of Haryana Roadways, special buses were being run for visitors.

She said that these buses are operational between 8 am and 5.30 pm from Inter State Bus Terminus in Delhi to Surajkund.

For the convenience of senior citizens and physically-challenged persons, she said a Golf Cart and a battery-operated rickshaw are available on request.

The Crafts Mela, which has Goa as its theme state this year and Sri Lanka as 'partner country', was inaugurated by Haryana Chief Minister Bhupinder Singh Hooda, on February 1.

This year, craftspersons, weavers, cultural troupes and artistes from Russia, Belarus, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Portugal, Iran, Uganda, Brazil, Ivory Coast, Thailand and SAARC nations Sri Lanka, Afghanistan, Bhutan, Nepal and Pakistan are participating.

 

[jarves]

 

[shree835]

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[jarves]

http://haryanaabtak.com/wp-content/uploads/2014/02/mela1.jpg

http://znn.india.com/Img/2014/2/4/Surajkund-040214-ra15.jpg

http://www.smepool.com/wp-content/uploads/2014/02/Surajkund-Mela-9.jpg

http://www.smepool.com/wp-content/uploads/2014/02/Surajkund-Mela-4.jpg

 

[shree835]

 

[fsayed]

1 bn plastic notes of Rs 10 denomination later this year - The Economic Times

 

[cirr]

Contrary to forecasts dolled out by our ever-so-optimistic Indian friends，FY 2014-2015 will turn out to be the 3rd year in which the economy grows less than 5%。

Three sub 5% growths in as many years。

India to grow at 4.9%, second lowest in 10 yrs

HT Correspondent, Hindustan Times New Delhi, February 07, 2014

India’s economy is set to grow at 4.9% during 2013-14, marginally higher than last year’s 4.5% crawl, but not fast enough to suggest a sharp turnaround needed to combat a toxic mix of high prices and crippling industrial deceleration in an election year.

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India’s gross domestic product (GDP) — the total value of all goods and services produced within the country’s boundaries — has now grown at below 5% for the second successive year, mirroring the sharp turnabout in the economy that had sizzled at more than 8% for five of the last 10-years.

The advance estimates of the GDP put out by the Central Statistics Office (CSO) show how factories are producing less resulting in fewer jobs. This, along with high prices, has resulted in the slide in the economy, which until recently, was an engine for global growth.

Despite the sharp deceleration over the last two years, India’s GDP grew at an average of 7.6% between 2004-05 and 2013-14, the 10 years of UPA rule, second only to China and far higher than the US and European countries.

Finance minister P Chidambar-am was confident that the final estimates would peg growth figures at above 5%. “I am confident the final estimate will be not less than 5% for the whole year,” he told PTI.

Read: India's lower GDP growth is good news for some

The farm sector, propped by a monsoon-aided bumper harvest, is set to grow by 4.6% in the current fiscal from last year’s 1.4%.

A sharp jump back in factory output and a robust turnaround in the services sector, which accounts for more than two-thirds of the economy, is critical to arrest the deceleration.

The construction sector, the lifeblood of critical industries such as cement and steel and the income source for millions of daily-wage earners, is forecast to inch at 1.7% during the year, marginally higher than last year’s 1.1%.

The manufacturing sector is set to fall by 0.2%, the first such contraction since 1991-92 demonstrating the rather muted activity across millions of factories.

“The investment pipeline has completely depleted and fresh investments by the private corporate sector are unlikely unless there is a sustained recovery in demand,” credit rating and market research firm Crisil said in a report released Friday.

 

[fsayed]

Contrary to forecasts dolled out by our ever-so-optimistic Indian friends，FY 2014-2015 will turn out to be the 3rd year in which the economy grows less than 5%。

Three sub 5% growths in as many years。

India to grow at 4.9%, second lowest in 10 yrs

HT Correspondent, Hindustan Times New Delhi, February 07, 2014

India’s economy is set to grow at 4.9% during 2013-14, marginally higher than last year’s 4.5% crawl, but not fast enough to suggest a sharp turnaround needed to combat a toxic mix of high prices and crippling industrial deceleration in an election year.

Advertisement
India’s gross domestic product (GDP) — the total value of all goods and services produced within the country’s boundaries — has now grown at below 5% for the second successive year, mirroring the sharp turnabout in the economy that had sizzled at more than 8% for five of the last 10-years.

The advance estimates of the GDP put out by the Central Statistics Office (CSO) show how factories are producing less resulting in fewer jobs. This, along with high prices, has resulted in the slide in the economy, which until recently, was an engine for global growth.

Despite the sharp deceleration over the last two years, India’s GDP grew at an average of 7.6% between 2004-05 and 2013-14, the 10 years of UPA rule, second only to China and far higher than the US and European countries.

Finance minister P Chidambar-am was confident that the final estimates would peg growth figures at above 5%. “I am confident the final estimate will be not less than 5% for the whole year,” he told PTI.

Read: India's lower GDP growth is good news for some

The farm sector, propped by a monsoon-aided bumper harvest, is set to grow by 4.6% in the current fiscal from last year’s 1.4%.

A sharp jump back in factory output and a robust turnaround in the services sector, which accounts for more than two-thirds of the economy, is critical to arrest the deceleration.

The construction sector, the lifeblood of critical industries such as cement and steel and the income source for millions of daily-wage earners, is forecast to inch at 1.7% during the year, marginally higher than last year’s 1.1%.

The manufacturing sector is set to fall by 0.2%, the first such contraction since 1991-92 demonstrating the rather muted activity across millions of factories.

“The investment pipeline has completely depleted and fresh investments by the private corporate sector are unlikely unless there is a sustained recovery in demand,” credit rating and market research firm Crisil said in a report released Friday.

Growth will not be less than 5% in 2013-14: P Chidambaram
By PTI | 8 Feb, 2014, 05.03PM IST
15 comments |Post a Comment

NEW DELHI: Finance Minister P Chidambaram today expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent.

"I am confident that the final estimate will be not less than 5 per cent for the whole year," Chidambaram said, while commenting on the Central Statistics Office's projection of 4.9 per cent growth.

Growth in 2012-13 slipped to a decade-low of 4.5 per cent. The economy expanded 4.6 per cent in the first ha ..

Read more at:
Growth will not be less than 5% in 2013-14: P Chidambaram - The Economic Times

 

[Executioner]

Chidambaram a$$ hole.


Sent from my iPhone 5 using Tapatalk 2

 

[fsayed]

Slowdown over? You may see a 15% hike in salary this year
By Sushma U N, TNN | 8 Feb, 2014, 09.26AM IST
12 comments |Post a Comment

CHENNAI: All the talk about the revival after the slowdown is going to finally show up your wallets. Most companies are approaching the appraisal season and HR experts say early indications are that there will be a marginal increase hikes this year.

"This year has been cautious but has not been as bad as last year, so hikes will be better than last year, albeit marginally," said Ashok Reddy, co-founder of staffing company TeamLease Services. An ..

Read more at:
Slowdown over? You may see a 15% hike in salary this year - The Economic Times

EM selloff: How Indian stock markets escaped the rout

Read more at:
EM selloff: How Indian stock markets escaped the rout - The Economic Times
A large part of the bearishness seen on Indian stock markets last year was attributed to the fall in the Indian currency, which plunged to near-69 levels against the US dollar in late August.

The S&P BSE Sensex slipped nearly 6 per cent, or over 1,000 points, in three months starting August. And then stepped in the government and the RBI in the month of September announcing a slew of measures, including the much criticised rate hikes and curbs on gold import.

The Sensex ..

Read more at:
EM selloff: How Indian stock markets escaped the rout - The Economic Times

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Coming to RBI's rate hikes, experts say it has been a positive for the rupee.


Read more at:
http://economictimes.indiatimes.com/articleshow/30050503.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

[fsayed]

India’s economy suddenly looks better managed, rupee more stable - The Economic Times

 

[cirr]

After revision，India's GDP growth in FY 2013-2014 is more likely to end at 4.5%。

For FY 2014-2015，the country‘s growth should be lucky to stay above 4%。

Indian politicians always make optimistic noises at the beginning of a new year but never deliver。

Go and check these thugs' previous remarks and see how far their forecasts，or rather，wishful thinkings，are from reality。

PS For an economy that grows at an anemic pace，hiking salary means nothing but hyper inflation and a fast depreciating currency。

 

[cirr]

Five years after the 2008 world financial crisis，India’s GDP in USD terms is still stuck at a puny 1.7 trillion，while in the same time span China's has more than doubled to become a 9.4 trillion USD（based on 2013 year-end market exchange rates）economy。

India $1.7 trillion economy, per capita income rises to Rs 74,920

PTIFeb 7, 2014, 06.52PM IST

• 

(The size of the economy at…)

NEW DELHI: India's per capita income is projected to soar by 10.4 per cent to Rs 74,920 in 2013-14 as the country becomes a $1.7 trillion economy.

Per capita income is calculated by evenly dividing the national income by the country's population.

However, the increase in per capita income would be only 2.8 per cent in 2013-14 if it is calculated on the basis of 2004-05 prices.

Per capita income (at 2004-05 prices) would be Rs 39,961 in 2013-14, against Rs 38,856 in the previous fiscal, according to the latest data on national income.

The size of the economy at current prices is projected to rise to Rs 105.39 lakh crore ($1.7 trillion)at the end of 2013-14 fiscal, up 12.26 per cent from Rs 93.88 lakh crore in FY 2012-13.

Based on 2004-05 prices, the Indian economy is projected to expand by 4.9 per cent in the 2013-14 fiscal. This is higher than 4.5 per cent growth in 2012-13.

The country's population is expected to increase to 123 crore by the end of March 2014, from 121.7 crore in March 2013.

 

[fsayed]

पर्यावरण और वन विभाग के साथ मिलकर वन्य जीव ट्रस्ट ऑफ इंडिया ने अरूणाचल के मयूदिया गांव के 25 हजार घरों में सौर उर्जा उपकरण बांटे है। ताकि यहां बिजली की कमी को पूरा किया जा सके।
यह भारत मे एक अनोखा प्रयोग है।

Banking expansion may create up to 20 lakh new jobs: Experts - The Economic Times

Banking expansion may create up to 20 lakh new jobs: Experts

Read more at:
Banking expansion may create up to 20 lakh new jobs: Experts - The Economic Times

 

[fsayed]

Fiscal deficit likely to come down to 4.7% in 2013-14

Read more at:
Fiscal deficit likely to come down to 4.7% in 2013-14 - The Economic Times