Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
When Humpty Dumpty had a great fall, all the king's horses and all the king's men had tried to put back Humpty Dumpty together again.
The same seems to be happening with the Indian economy right now. The prime minister's men are now demanding an interest rate cut from the Reserve Bank of India (RBI), to get the economy which is slowing down, up and running again.
Recovery in steel and cement segments and plenty of funds available with states for expenditure today gave the centre the assurance that the country will grow by around 7% during the existing fiscal.
During the first nine months of the recent fiscal, the economic system came up by 6.9%, and the government's advance estimations nailed the growth at 7.1% for this fiscal (2008-09).
India's economy clocked its slowest quarterly growth in over five years at 5.3 per cent, throwing into doubt the government's growth estimates for the full fiscal year. The economy had, in the same period a year ago, registered a whopping 8.9 per cent growth but experts now feel it may find it difficult to achieve the 7 per cent growth the government had in mind for the full year.
The government, however, put up a brave front by saying the third quarterly growth is not much off the mark. "There is still a quarter to go," Minister of State for Finance PK Bansal said.
New Delhi - A sharp slowdown in the Indian economy was evident Friday when official data showed growth at 5.3 per cent in the October-to-December quarter, the slowest quarterly growth in almost six years.
The figure was a substantial decrease from the 8.9-per-cent expansion recorded in the same period the previous year as the global economic crisis cut demand and exports.
There was no plan to waive loans of the landless, said the Government on Thursday.
But at the same time, the Govt said that schemes are in place to assist them get out of the grips of loaners.
While answering to a supplementary during Question Hour in the Rajya Sabha, Mr. Pawan Kumar Bansal, Minister of State for Finance, stated that there was no plan to waive loans of the landless.
There are several schemes for them, he said.
Indian Banks Association ordered its associates to offer loans to the landless in order that they can pay off the money-lenders, the Minister said.
Mr. Bansal also said that the administration has been receiving demand for lifting the 5-acre limit for farmers’ debt waiver plan.
When Humpty Dumpty had a great fall, all the king's horses and all the king's men had tried to put back Humpty Dumpty together again.
Recovery in steel and cement segments and plenty of funds available with states for expenditure today gave the centre the assurance that the country will grow by around 7% during the existing fiscal.
New Delhi - A sharp slowdown in the Indian economy was evident Friday when official data showed growth at 5.3 per cent in the October-to-December quarter, the slowest quarterly growth in almost six years.
