APN News

  • Sunday, January, 2022| Today's Market | Current Time: 03:47:04
  • Inflation dips to 8.58 pc in October

    Inflation declined for the second consecutive month to 8.58 per cent in October, with price pressure mostly confined to food items. Inflation stood at 8.62 per cent in September. The fall in inflation in October is significant, since the base was quite low a year ago at 1.48 per cent. While food inflation was at […]

    Govt seeks Par nod for Rs 45,000 cr gross additional expense

    The government on Monday sought approval from Parliament for gross additional expenditure of Rs 44,945.52 crore during the current fiscal, of which fertilisers subsidy alone would account for Rs 5,000 crore. The proposal involves net cash outgo of Rs 19,812.37 crore. The government has sought extra subsidy of Rs 1,000 crore on imported decontrolled fertilisers […]

    Economy to soon revert to 9 pc growth: FM

    Finance Minister Pranab Mukherjee has exuded confidence that the economy would soon revert to 9 pc growth, witnessed in the pre-crisis period, even as industrial growth plunged to a 16 month-low of 4.4 pc in Sep. The Finance Minister said the challenge now is to find the means to cross the double-digit growth barrier in […]

    India to contribute USD 3 billion for IMF quota increase

    India will have to contribute upto Rs.15,000 crore (about more than USD 3 billion) to the International Monetary Fund (IMF) following the decision of the Fund to double its quota. While doubling its quota the IMF Board has also decided to shift 6 per cent shares in voting rights to emerging economies as part of […]

    Indo-Canadian community welcomes start of FTA negotiations

    The Indo-Canadian community has welcomed the beginning of negotiations for a Comprehensive Economic Partnership Agreement between the two nations. The response came after Prime Minister Manmohan Singh and his Canadian counterpart Stephen Harper announced the beginning of negotiations for a Foreign Trade Agreement (FTA) between the two countries in their meeting during the G-20 summit […]

    India will regain its growth rate of 9 pc next fiscal: PM

    Prime Minister Manmohan Singh on Friday told the global leaders that India will revert to its pre-crisis economic growth rate of 9 percent in the next fiscal. “I am happy to say that the Indian economy has rebounded fairly well from the crisis… We hope to achieve 9 percent (growth) in 2011-12,” he said while […]

    G-20 summit: India cautions against protectionism

    In the midst of a raging war over currency exchange rate between the US and China at the G-20 Summit in Seoul, India cautioned against competitive devaluation and resist any resurgence of protectionism. India also spoke against talk of putting a cap on current account balance, proposed by the US at four per cent of […]

    Food inflation falls to 12.30 pc

    Food inflation declined to 12.30 percent for the week ended 30th October, on improved supply of items, showing a downward movement for the fourth straight week.  It was 12.85 percent in the previous week.  While most food items like wheat, pulses and potatoes turned cheaper, onions became costlier as their prices rose about 10 percent […]

    G20 leaders meet amid strains as US splashes cash

    Tensions over currencies and trade gaps are simmering ahead of a summit of global leaders this week as America’s move to flood its sluggish economy with USD 600 billion of cash triggers alarm in capitals from Berlin to Beijing. The Group of 20 major rich and developing nations has taken on the role of reforming […]

    PM to attend G-20 Summit in Seoul on Thur

    Prime Minister Manmohan Singh leaves New Delhi on Wednesday for Seoul to attend the G-20 Summit that will review the global economic situation and the status of the world recovery. The two-day meet, beginning Thursday, will also take stock of the progress of implementation regarding the past decisions of the international economic forum, that has […]