Govt's austerity drive does little for fiscal consolidation |
- Govt's austerity drive does little for fiscal consolidation
- Fall in rupee may hike oil import costs
- ADB to provide $6.25 billion to India
- Sensex falls for 2nd week on earnings
- Indian tech story adds LinkedIn chapter
| Govt's austerity drive does little for fiscal consolidation Posted: 05 May 2012 02:11 PM PDT The non-plan expenditure that primarily constitutes revenue expenditure has come down from 11.2% of GDP in 2009-10 to 10% in 2011-12, according to revised estimates. 
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| Fall in rupee may hike oil import costs Posted: 05 May 2012 01:04 PM PDT The record free fall in the value of the rupee to Rs 54 against the US dollar will impact import costs leading to another hike in the price of essentials like petrol, diesel as well as cooking oil. 
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| ADB to provide $6.25 billion to India Posted: 05 May 2012 07:24 AM PDT The Asian Development Bank (ADB) will provide assistance of USD 6.25 billion to India over three years for various projects, including those in the energy and education sectors. 
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| Sensex falls for 2nd week on earnings Posted: 05 May 2012 04:32 AM PDT Concerns over weak earning results, negative global cues and an uncertain regulatory environment weighed heavy on Indian equities markets as a benchmark index closed lower by 356.26 points for the second straight week ended May 4, 2012. 
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| Indian tech story adds LinkedIn chapter Posted: 04 May 2012 07:44 PM PDT Rashmi Sinha and her brother Amit Ranjan, who grew up in Allahabad, have sold the world's largest slide-sharing site SlideShare to professional networking site LinkedIn.com for about Rs 640 crore ($119 million). 
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