According to the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, India will benefit from the global meltdown in the commodities universe. He says that lower food prices will ease the pressure on the balance of payment.
Prime Minister Manmohan Singh in his address at the Confederation of Indian Industry said that the growth rate of the Indian economy will not always remain at 5 per cent, hoping it would increase soon. He also added that the need of the hour is to take strong ...
The consumer price inflation announced for February shows a marked increase in the rate from the previous month. Retail inflation accelerated to 10.91 per cent in February from January's figure of 10.79 per cent. Inflation rose despite UPA government's slew of...
The consumer price index (CPI)-based inflation reached a peak of 10.91 per cent in February, against 8.83 per cent in the corresponding period of the previous year and 10.79 per cent in January fuelled primarily by higher prices of food commodities such as veg...
In what is bad news for the common man, inflation has risen once again from 10.79 percent to 10.91 percent. The daily commodities like vegetables have been hit the hardest with the inflation. The main reason behind the inflation is the deregulation of the dies...
ET Now's polls, ahead of the announcement of January Index of Industrial Production numbers, suggest that it would be somewhere around 1 per cent. However, government sources say that the January IIP data could be anywhere between 2 and 3 per cent. Senior econ...
This is the start of the Finance Minister's Budget speech. He takes permission from the Speaker to present the Budget 2013. In this part, he outlines the challenges and priorities.
The second part of Finance Minister P Chidambaram's speech continues with the priorities and challenges before the country's economy. He reels out figures about the GDP and his worry about the current account deficit. He says the CAD is high due to imports of ...
The annual budget, to be presented today, could see a rise in prices of many commodities. Find out what commodities could see a rise in the prices and those whose prices are likely to see a drop. The expert says your cup of tea could cost more. For more, liste...
Finance Minister P Chidambaram is all set to present Budget 2013 which will have impact on India's economy as well as UPA's political future. Finance Minister faces the challenge of reviving growth without increasing fiscal deficit, increasing revenue without ...
In the last hour of trade, the Sensex rises with large caps, as well as mid caps, posting good numbers on improved buying support. The growth outlook presented by the Economic Survey 2012-13, tabled in Parliament today by Finance Minister P Chidambaram. The Ec...
This hour-long discussion on ET Now talks of various aspects of pre-budget scenario, but features mostly the Economic Survery Report 2013. While analysis of the survey report throws up positivity all round, as the economic growth is predicted between 6.1 and 6...
The Economic Survey 2013 has been presented in the Parliament and according to the survey the growth of GDP has been estimated at 6.1 percent to 6.7 percent. It also suggests that the petroleum prices should be decided by the market. It also goes on to say tha...
The Economic Survey 2013 presented in Parliament pegs the GDP growth rate at 6.1 percent to 6.7 percent. The subsidy on LPG and petroleum products will be further reduced thus causing further hardship to the common man. According to the Survey, the prices of p...
World's leading figures in the oil and gas industry have gathered in London for International Petroleum Week. Some experts suggest that tensions in West Asia are inflating gas prices while some others believe EU sanctions on Iran may be increasing costs for co...
In this segment of Stock This Week, managing director of DBFS, Prince George analyses the the recently released GDP data and inflation data. India's annual wholesale price inflation slowed to 6.62 per cent in January. Annual consumer price inflation accelerate...
The episode opens with a chat with Bindu Sathyajith, Managing Director of Poly Colours Chemicals, Poly Colours International, Poly Securities, Mural Jyothi, RV Entertainment and India123Shop.com, talk about her success story. She began her career working at th...
Taking severe steps to curb the price rise of commodities across the states was a key agenda discussed at a meeting of Pradesh Congress Committee chief in New Delhi. Kerala Pradesh Congress Committee president Ramesh Chennithala, and Kerala Chief Minister Oomm...
The government decides to deregulate the prices of sugar in the next few days. Government sources have said that the prices will be fixed according to demand and supply. With the deregulation of sugar, the woes of the common man do not seem to cease.
Rising for the fourth consecutive month, retail inflation remained in double digits at 10.79 per cent in January, driven by higher prices of vegetables, edible oil, cereals and protein-based items. The retail inflation had stood at 10.56 per cent in December, ...
Railways is considering a hike in passenger and freight charges to offset the recent hike in diesel prices. The increase in diesel price has put an additional burden of Rs 3300 crore on the Railway.
Delhi Chief Minister Sheila Dikshit has defended the hike in power tariff saying the Delhi Electricity Regulatory Commission (DERC) has no option but to increase the tariff in response to the increase in the price of diesel.
This month has seen the sudden shooting up of prices of food items, specially rice and onions. Here is a roundup of the reactions to the increase from across major cities, and also the likely reasons for the increase.
The Reserve Bank of India might reduce the interests rates which would automatically make loans cheaper. It is not just the RBI but also the Finance Minister, Chidambaram who is in favor of reduction in the loan rates. Th reduction in the interests rates in ho...
The Reserve Bank of India is all set to announce its quarterly monetary policy today. As the inflation rate has reached a three year low of 7.18, the RBI is expected to lower interest rates in its quarterly monetary review. RBI may also consider the fact that ...
The Reserve Bank of India is expected to announce a new credit policy today at 11 AM. The Cash Reserve Ratio will be reduced which would mean a drop in interest rates. The RBI is likely to take these steps to combat the inflation rate. A decrease in the intere...
If the recent increase in prices of petroleum products weren't enough, the price of onions have doubled in just two days. Onions, which were sold at Rs 12 per kg few days ago in Delhi, are now being sold at Rs 23 per kg. The increase in diesel prices and the f...
January 21st brought sad news with it. The announced railway fares have been put into place from today onwards. The steep increase in prices have been justified by the government by saying that the fares haven't been increased in 10 years but the amenities hav...
Just four months back the price of diesel was hiked by Rs 5 per litre and for the past four months an annual hike of Rs 4 has been the trend. But now experts see a five to seven rupee hike on an annual basis. The government may sugarcoat it, but by giving oil...
Is the government simply sugarcoating the diesel deregulation by raising the cap on subsidised LPG cylinders to nine? BJP national treasurer Piyush Goyal, Chief Editor of Dainik Divya Marathi Kumar Ketkar, economist Lord Meghnad Desai, entrepreneur and educati...
On one side the government put a smile on the faces of the public by announcing an increase in the number of subsidized cylinders from six to nine but on the other hand they have given the oil companies complete freedom in deciding the prices of diesel accordi...
A silver lining in the cabinet meeting on price hike of diesel, LPG and kerosene is that the number of subsidized cylinders that will be available to a family in one year has been raised from six to nine.
Following the recent price hike in petrol, the cabinet will discuss price hike in diesel, LPG and kerosene keeping in mind the recommendations of the Kelkar Committee. The increase in diesel prices will have a direct effect on essential commodities which would...
Following the recent price hike in petrol, the Cabinet will discuss a hike in diesel, LPG and kerosene. In keeping with the recommendations of the Kelkar Committee, Petroleum Minister Veerappa Moily said that the government had decided to hike the prices. The ...
The government has once again added to the woes of the common man by increasing the price of petrol by 35 paise per litre. A hike in diesel and LPG prices is also likely to happen. This increase in the prices of fuel will automatically mean increase in the pri...
President of the European Council Herman Van Rompu talks of a deal to reduce Ireland's economic debt, even as it takes up the presidency of the European Council.
Ireland takes over the reigns of EU and prepares to launch a plan, spanning six months, to bring back growth and jobs, and put the Euro back on track. But Ireland has its own set of economic problems and though there have been no protests on a large scale as s...
The Railway Minister, Pawan Kumar Bansal, said that there would be a fare hike in all the segments in the Railways. This increase in fares might face a lot of protests from Opposition parties as well as the public. The citizens have already said with inflation...
The government might just shock the citizens with another price rise in LPG, diesel and kerosene. Keeping in mind the losses incurred by gas companies, the government has decided to increase the fuel prices. The price of the LPG cylinder might increase by Rs 1...
Speaking about the deteriorating law and order situation in the national capital, BJP leader Vijay Goel has said that the government has failed in curbing crime, inflation and corruption and therefore it has no right to be in power. It appears as if the highly...
After a high-level meeting with Ministers for Food, Civil Supplies, and Cooperation, along with department officials, Chief Minister of Kerala Oommen Chandy said that the Government would take all steps to increase the supply of rice in the State. He said that...
France has been stripped of its AAA-credit rating by Moody's. In another blow to the debt-ridden European Union and the bloc's second-biggest economy, France's credit has now been downgraded for the second time this year. Political and economic analysts believ...
A month after the government put a cap on subsidised cylinders, rumours are rife that the government is considering a rollback. On Thursday night, the government had retracted within hours its decision to increase non-subsidised LPG cost by Rs 26.50. With elec...
Finance Minister P Chidambaram says the government finances are in for big trouble if the subsidies are not cut. It would also affect the growth rate. Chidambaram was speaking at the first Union Cabinet meeting after last Sunday's cabinet reshuffle. The govern...
Good news for those going in for unsubsidised LPG cylinders: the Centre has rolled back the hike of Rs 26.50 per cylinder it has announced just yesterday by oil companies. This was done in view of the upcoming Himachal Pradesh and Gujarat assembly elections.
After the Centre's announcement of a Rs 26.50 increase in the non-subsidised LPG created an outraged uproar across the country, the decision was put on hold till the next review meet. The announcement gave Opposition parties such as the BJP and the CPI(M) more...
The battle over funding for the EU is brewing in the UK Parliament. Conservative back-benchers are leading a rebellion, calling for the cash flow to be cut. Prime Minister David Cameron, meanwhile, faces pressure to increase the contribution to the Union in li...
With industrial growth having slowed down, and inflation on the rise, the Reserve Bank of India is likely to cut interest rates in an attempt to lend a stimulus to the industry. A fall of 25-50 basis points in the lending rate is said to be on the cards, which...
BJP leader Sushma Swaraj speaks at the party's protest at Jantar Mantar during the party's agitation against the UPA on FDI in retail and inflation. She says every time the Congress comes to power, essential commodities vanish from the shelves. She also spoke ...
The Bharatiya Janta Party conducted a protest at Jantar Mantar in New Delhi attacking PM Manmohan Singh over price rise and FDI in retail. BJP senior leaders Sushma Swaraj and Arun Jaitley were present at the protest organised by the women activists of the pa...
Sushma Swaraj makes a fiery speech at the protest at the protest organised by the BJP Mahila Morcha to protest the ceiling on LPG cylinders. She also praised Vijay Goel for his agitation against the electricity tariff hike.
Money does not grown on trees, nor does votes, says BJP leader Arun Jaitley, speaking at the party's rally in Delhi's Jantar Mantar. He was taking a snipe at the Prime Minister's televised speech where he said money does not grow on trees. Across the country, ...
The controlled sugar that is sold under the PDS would become costlier. This is according to a report to be submitted by the Rangarajan Committee report. One by one, the subsidies on petrol, diesel and LPG are being reduced. Now comes the news the control price...
The Bharatiya Janata Party will be protesting at Jantar Mantar today, attacking the Congress against price rise and FDI in retail. This has been organised by the party's women activists. BJP leaders, Arun Jaitely and Sushma Swaraj will be present at the protes...
After activist-turned-politician Arvind Kejriwal mocked the BJP at a protest against the inflating electricity bills, BJP leader Vijay Goel demanded a public apology. Goel said that Kejriwal had hijacked BJP's protest against the rise in electricity bills yest...
Days after Kelkar committee said the economy was on the edge of a fiscal precipice, the Finance Minister P Chidambaram while addressing the Economic Editors’ Conference-2012, in New Delhi on October 08, said the government will unveil a credible and feasible...
A day after the poll schedule for Gujarat was announced, Chief Minister Narendra Modi addresses a massive gathering in the state. Modi is likely to raise the stakes and modify his strategy in the backdrop of Sonia Gandhi's visit to the state. In his speech, Mo...
Peter Lavelle turns the focus on the austerity measures in Europe, and if politics and economy have been reduced to a contest between the democratic government and market preferences. The austerity cuts implemented as the Eurozone recovers from the financial c...
Puntia Kumar Sinha's guest on this edition of Global Insights is Rakesh Jhunjhunwala from RARE Enterprises, who is considered as a legend in the markets and has created a large fund with his own proprietary capital. He has a positive outlook on the Indian econ...
On Market Hour: Goldman Sachs AMC's Jim O'Neill confirms that the reform action is positive but implementation is key; Quantum Securities' Sanjay Dutt and Jyotivardhan Jaipuria dicuss the policy impact on markets and whether policy paralysis is turning into re...
On Market Hour: Subir Gokarn, Deputy Governor, RBI talks about concerns over inflationary risks; Rakesh Jhunjhunwala of RARE Enterprises on Global Insights with Punita Sinha Kumar about sectors to bet on; Dhiraj Sachdev and Varun Lohchad on where investors sh...
Justifying the hike in fuel prices, Prime Minister Manmohan Singh says increasing fuel price is the only way to help oil companies make profits, and questions where the government will get funds from as it does not grow on trees.
Bharat Tomar, a 27-year old working in a factory in New Delhi, has committed suicide reportedly due to the recent price hike. In his suicide letter, he has blamed the inflation and his inability to get a good job as the reason for take the drastic step.
The troubles of common people who are already reeling under inflation has increased with the current diesel price hike. There are widespread protests against the price hike across the nation. The cap on subsidized LPG cylinders too is going to create dent in t...
The hike in price of diesel has evoked strong reactions from people across the country. This story has interviews of families from across the country on how the hike will impact their lives, and also shows protests from Bangalore, Nagpur, Patna and Agra.
The prices of almost every essential item of daily consumption is bound to shoot up. Vegetables, fruits, cereals and other commodities are going to be costlier because transporters have also decided to go a strike. They want a rollback of diesel prices as most...
Congress now has become increasingly isolated within the UPA over the unprecedented hike in price of diesel by Rs 5. The government allies have joined hands with the Opposition in demanding a rollback in the diesel price. Mamata Bannerjee has decided to hold a...
For the past few years, the common man wakes up with the simple question at the back of his mind. How will he manage to shore his monthly finances in an scenario where prices of every commodity is racing ahead of his income. Into this cauldron the Manmohan Sin...
Protests have erupted across the country over the hike in diesel price by Rs 5. Demonstrators were angry at the steep hike in the price and burnt effigies of Prime Minister Manmohan Singh.
The UPA government's decision to hike the price of diesel and limit the number of LPG cylinders per household to just six a year is a double whammy. It is sure to hit the common man very hard.
From September 14, the prices of diesel have been hiked by Rs 5. The cabinet gave its approval for the hike that has come after several days of dithering. The decision has also been made to limit the number of LPG cylinders allotted to just six per year to eac...
The CPI has backed Samajwadi Party chief Mulayam Singh Yadav's efforts to patch together a third front. Echoing Mulayam's criticism of the Congress, CPI leader D Raja has said that the UPA government lacks vision completely. Further on, he has taken on the gov...
The Cabinet Committee on Political Affairs is meeting today to discuss the issue of losses faced by the oil companies. They are likely to decide on a hike in the prices of petrol, diesel and LPG. Before this Cabinet meeting, however, the core committee of the ...
Nikunj Dalmia talks to S Naren, CIO, ICICI Pru MF about the current economy and the Indian market holding up against all odds. Naren is betting on stocks in the IT and Pharma sectors, and feels export-oriented companies will do well. He prefers Pharma over FMC...
Union Minister for Petroleum S Jaipal Reddy has denied any hike in prices of petroluem products. He was reacting to reports of a purported hike of Rs 5 in the prices of petrol.
This is the last day of the monsoon session of the Parliament, and probably by late evening you may see an announcement of a hike in prices of petrol, LPG and diesel. The government which has been under pressure from the oil PSUs will finally succumb to their ...
In just a week's time or two, the Union government is all set to drop a petrol bomb on citizens. And it is just waiting for the monsoon session of the Parliament to get over.
Navneet Munot, CIO, SBI MF, comments on the Indian market's resilience through the shaky global economy. Munot gives a thumbs up to private banks, select FMCG stocks and the pharma stocks, which according to him have benefited from the rupee's volatility. His ...
The Congress continues to back Union Minister Beni Prasad despite the massive controversy over his remarks that he is happy with the rising inflation. The Congress has been facing a barrage of criticism over the comments, even from within the UPA tent. The Sam...
It will be a day of fiery protests in both Houses of Parliament as the UPA government braces itself for the coal storm sparked by its own auditor's explosive report. The BJP-led Opposition has made it clear that they will leave no stone unturned as they corner...
Newshour | While the nation outrages about Steel Minister Beni Prasad Verma's comments on inflation, the Minister sticks to his guns. He claims that inflation will definitely benefit the farmers and that he wholeheartedly supports the price of farmers' produce...
Union Steel Minister Beni Prasad Verma sticks by what he said about inflation. He says that a price rise will definitely benefit the farmers and that he wholeheartedly supports the price of farmers' produce going up.
JD(U) chief Sharad Yadav slams Union Steel Minister Beni Prasad Verma's comments on inflation. Sharad Yadav says that the Minister's comments are shocking and that it is very clear that he has a very poor understanding of farmers' problems in India. This is sh...
Following on the heels of Union Minister for Steel Beni Prasad Varma's comment that inflation can benefit farmers, BJP President Nitin Gadkari took the stage at Jantar Mantar to unleash an attack on the Congress and how it has failed the farmers. BJP wants the...
Sushma Swaraj, leader of the Opposition, Lok Sabha speaks up against Congress at Jantar Mantra after the Union Minister for Steel Beni Prasad Varma made a remark endorsing inflation. Swaraj says BJP will always support farmers and questions the Congress's farm...
Law Minister Salman Khurshid supports Union Minister of Steel Beni Prasad Varma's remark that inflation will benefit farmers. PM Manmohan Singh has not spoken on this issue. Beni's remark has created an uproar in the country.
BJP leader Arun Jaitely slams Congres sleader Beni Prasad Verma's comments on inflation. Jaitely says that inflation is not 'good' for anyone, including the farmers. Input costs have increased and therefore the farmers cannot afford to maintain their fields an...
Slamming Union Minister for Steel Beni Prasad Verma over his remark that inflation is beneficial to farmers, the principle opposition party, the BJP, has demanded an explanation from Prime Minister Manmohan Singh.
Union Minister for Steel Beni Prasad Verma seems to have made a habit out of courting controversies. In the latest he says inflation is good because it helps farmers! The statement is like rubbing salt into the wounds of the aam aadmi who is bearing the brunt ...
Union Minister for Steel Beni Prasad Verma's remark that inflation is beneficial to farmers comes as a huge embarrassment to the Congress as the Opposition has accused the party of insulting the 'aam admi' and being totally detached from the ground realities.
Union Steel Minister Beni Prasad Verma has endorsed price rise of commodities saying that inflation is beneficial to farmers. Reacting to this bizarre justification for price hike, the opposition parties have said that the minister and the Congress party is co...
The US is struggling to recover from the financial crisis that descended on it four years ago. Its housing market collapsed, unemployment is rampant and consumer spending that contributes to 70 percent of the country's GDP has weakened. Punita Kumar Sinha talk...
Ashit Kampani of CosmicMandala 15 Securities has floated a new venture -- an automated trading platform to increase efficiency. He comments on the impact of interest rates and inflation rates. He says easing interest rates is key. Sectors he is keen on include...
Today's top stories from across India: Morphed photographs, bulk SMS-es and MMS-es inciting panic among Northeast Indians originated in Pakistan; Arrests made in Bangalore to curb rumour mongering and threats against northeast Indians; Security still in place ...