APN News

  • Friday, January, 2022| Today's Market | Current Time: 12:15:32
  • Food inflation down sharply to 13.75 pc on improved supplies

    Food inflation declined sharply to 13.75 percent for the week ended  16th October, on improved kharif supplies and fall in prices of certain vegetables, especially potatoes and onions. Food inflation fell by 1.78 percentage points to 13.75 percent during the week, from 15.53 percent for the week ended on 9th October, government data showed. This […]

    Growth rate to revert to 9% soon; inflation area of concern: FM

    Finance Minister Pranab Mukherjee exuded confidence that economy would shortly revert to 9 pc growth rate but identified rising prices as a major concern, although inflation has declined to 8.6 pc from double digits in June. For India, the ideal inflation rate would be 4-5 percent although it may be difficult to attain, the minister […]

    India to grow at 8.25-8.75 pc in current fiscal: FM

    Economy will grow by 8.25-8.75 percent this fiscal and will return to an average growth rate of 9 percent soon, but food prices continue to drive inflation, Finance Minister Pranab Mukherjee said on Tuesday. Stating that gross tax revenue has grown at a robust pace so far in the current fiscal and proceeds from spectrum […]

    India, Japan conclude negotiations on CEPA

    In a breakthrough in bilateral economic relations, India and Japan have successfully concluded negotiations for a CEPA pact that will liberalise trade between them, even as PM Manmohan Singh promised to carry forward reforms of taxes, financial sector and capital markets. The progress in the talks for a Comprehensive Economic Partnership Agreement (CEPA) came at […]

    PM invites Japanese firms to invest in infrastructure projects

    Observing that infrastructure deficit was posing a major constraint to India’s growth, Prime Minister Manmohan Singh said an outlay of over USD one trillion was envisaged for infrastructure projects during the next 5-year plan beginning 2012 and invited Japanese firms to play a greater role in this endeavour. Dr. Singh said his government was determined […]

    Pranab to meet economic editors on Tuesday

    Finance Minister Pranab Mukherjee will inaugurate the two-day annual Economic Editors’ Conference in New Delhi on Tuesday and provide them a comprehensive view of the overall economy. “The media persons will get a comprehensive view of the overall economic scenario in the country and the latest initiatives and thrust areas of the different participating ministries […]

    NAC recommends food security net for 75% population

    The National Advisory Council, headed by Sonia Gandhi, on Saturday recommended to the government to grant differential legal entitlement of foodgrains to nearly 800 million people through a reformed PDS network from the next financial year. The NAC also decided to set aside the BPL criteria and suggested two broad categories — priority and general […]

    Food inflation falls to 15.53 pc

    Food inflation declined to 15.53 per cent for the week ended 9th October, on improved supplies and declining prices of certain vegetables, especially, potato. Food inflation fell by 0.84 percentage points to 15.53 per cent during the week, from 16.37 per cent in the previous week, government data showed. On an annual basis, potato prices […]

    Inflation likely to fall to 6.5 pc by Dec: PMEAC

    Prime Minister’s economic panel has said inflation is likely to decline to 6.5 pc by December from “uncomfortably high” 8.6 pc due to RBI’s steps and the expected fall in food prices on the back of good monsoons. “Our own expectation is (that) by December the inflation rate would come to 6.5 per cent,” Prime […]

    Global economic recovery is fragile: Pranab

    Finance Minister Pranab Mukherjee said the global economic recovery is fragile and cautioned that emerging economies may not be as resilient in the face of another crisis. “Countries are recovering at different rates. Growth is well below potential. And the recovery is fragile. There is a constant danger of recovery being derailed by unexpected shocks,” […]