tag:blogger.com,1999:blog-45063210827787184352011-11-28T04:44:05.050+05:30naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.comBlogger23471100tag:blogger.com,1999:blog-4506321082778718435.post-62848355706930444252010-02-03T12:11:00.002+05:302010-02-03T12:22:26.603+05:30

Dear All,We have shifted daily news to http://www.naredco.in/news-updates.aspKindly visit above website.Regards

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-2032581677838474282010-02-02T17:08:00.004+05:302010-02-02T17:08:57.852+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-65952124119609539092010-02-02T17:08:00.001+05:302010-02-02T17:08:16.336+05:30

India may beat China: MontekHindustan Times, February 2, 2010, Page 23

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-50303678554317661252010-02-02T17:07:00.004+05:302010-02-02T17:08:04.016+05:30

Fiscal deficit likely at 5.5%Hindustan Times, February 2, 2010, Page 23The fiscal deficit for 2010-11 is likely to be pegged at 5.5 per cent of gross domestic product (GDP) as macroeconomic managers struggle to bring down government borrowings.The fiscal deficit as a percentage of GDP is projected at 6.8 per cent this year.The government had announced a series of measures, including tax breaks in

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-60235850057355677132010-02-02T17:07:00.003+05:302010-02-02T17:07:48.119+05:30

Exports up 9.3%, imports turn positive after 11 monthsHindustan Times, February 2, 2010, Page 23New Delhi: The country's exports grew 9.3 per cent in December, recording a positive growth for the second successive month after a 11-month-long contraction, triggering hopes that the worst might be over for embattled exporters.Imports too grew by a robust 27.2 per cent after contracting for 11

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-73851473668018671982010-02-02T17:07:00.001+05:302010-02-02T17:07:23.691+05:30

WB pegs India growth at 7.5% for FY11Financial Express, February 2, 2010, Page 2fe Bureaus, New DelhiThe World Bank added to the rising chorus of expectations of growth rates about the Indian economy, post the global economic slowdown. In its estimate for the year 2010-11 the bank said the Indian economy is likely to grow at 7.5 % next fiscal and the growth prospects remain strong, despite “muted

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-27182723657023195252010-02-02T17:06:00.004+05:302010-02-02T17:07:02.785+05:30

India to grow 7.5% next fiscal: World BankEconomic Times, February 2, 2010, Page 9NEW DELHI: The World Bank on Monday said that India is likely to grow at 7.5% in the next fiscal, while for the current fiscal its estimate is a modest 6%. This comes at a time when global recovery remains fragile and is expected to slow as the impact of the fiscal stimulus measures wanes. India is expected to grow

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-39925930263675625212010-02-02T17:06:00.003+05:302010-02-02T17:06:43.965+05:30

Parsvnath to infuse Rs 7-k cr in ongoing projects in 5 yearsFinancial Express, February 2, 2010, Page 4fe Bureaus, New DelhiDelhi-based realty firm Parsvnath Developers will invest Rs 7,000 crore over the next five years towards construction of its ongoing projects. The company also plans to raise up to Rs 300 crore through private equity by March-end. It would be done by diluting stakes to

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com1tag:blogger.com,1999:blog-4506321082778718435.post-78537953621982660022010-02-02T17:06:00.001+05:302010-02-02T17:06:25.913+05:30

Parsvnath Developers to raise Rs 300 croreBusiness Standard, February 2, 2010, Page 2BS Reporter/New DelhiRealty company Parsvnath Developers plans to raise Rs 200-300 crore in the present quarter through private equity (PE) deals. It is in talks with a few PE companies and hopes to close two or three transactions within this quarter.Gross debt as on December 31 was Rs 1,585 crore and it planned

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-37253753085623373642010-02-02T17:05:00.004+05:302010-02-02T17:06:08.218+05:30

DLF: turning optimisticFinancial Express, February 2, 2010, Page 6Akash JoshiThe country’s leading real estate company DLF is seeing some improvement in the sentiment from the Street. Several analysts have upgraded their recommendations from the negative zone earlier. One of the reasons is the slow but steady uptick in real estate sales. DLF managed to recorded revenues worth Rs 2,030 crore in

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com1tag:blogger.com,1999:blog-4506321082778718435.post-36746696478188280492010-02-02T17:05:00.003+05:302010-02-02T17:05:42.744+05:30

Fitch retains India ratings, currency outlook still negativeFinancial Express, February 2, 2010, Page 13fe Bureaus, MumbaiGlobal rating agency Fitch on Monday cautioned the government against the increasing fiscal deficit, even as it retained the current rating of the country at investment grade, which means the chances of sovereign default are comparatively low.Fitch Ratings has retained the

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-36071921998085530862010-02-02T17:05:00.001+05:302010-02-02T17:05:19.308+05:30

Fitch may downgrade India’s sovereign ratingEconomic Times, February 2, 2010, Page 14Widening Fiscal Deficit Has Rating Agency WorriedOur Bureau MUMBAIGLOBAL ratings firm Fitch has said it may downgrade India’s sovereign rating if the country’s fiscal deficit worsens. The rating agency has, however, retained its current local and foreign currency ratings.Addressing the media in a teleconference,

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-24643406692335731932010-02-02T17:04:00.002+05:302010-02-02T17:05:01.389+05:30

Survey indicates strong revival in manufacturingBusiness Standard, February 2, 2010, Page 1BS Reporter / New DelhiThe HSBC Markit Purchasing Managers Index (PMI), one of the most reliable indices tracking the health of the manufacturing sector, climbed to its highest level in one-and-half years to 57.6 in January, 2010. The index had stood at 55.6 in December 2009.“Any lingering concern that

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RBI hints at curbs on capital inflowsEconomic Times, February 2, 2010, Page 1Calls For Measures To Avoid Stark Economic ImbalancesOur Bureau MUMBAIRBI governor Duvvuri Subbarao has for the first time said the nation “may have to take some measures towards capital control” in the short term to avoid stark economic imbalances after acknowledging in the past the role played by fund flows in

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-16582290369292493202010-02-02T17:03:00.000+05:302010-02-02T17:04:17.200+05:30

Imports rise 27%, confirm economy back on trackEconomic Times, February 2, 2010, Page 922.4% Rise In Non-Oil Imports In Dec Reflects Manufacturing GrowthOur Bureau NEW DELHIIMPORTS moved back to the positive terrain for the first time since the financial crisis, clocking a 27% growth in December, indicating that the domestic economy was well on its way to recovery, aided by rapidly improving

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NAREDCO opens eastern region office in BhubaneswarBS Reporter/Kolkata - Feb 02,2010 00:50 AM National Real Estate Development Council (NAREDCO) under the Union Ministry of Housing and Urban Poverty Alleviation on Saturday opened its eastern regional office in the city. This is the fifth regional office of NAREDCO in the country after Mumbai, Hyderabad, Jaipur and Delhi.NAREDCO's regional office

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-79548493995458480392010-02-02T12:18:00.001+05:302010-02-02T13:39:30.692+05:30

National Real Estate Development Council's Regional office inaugurated in OrissaSaturday, January 30, 2010Report by Dipti Ranjan Kanungo, Bhubaneswar:The National Real Estate Development Council's Regional (East) office and Orissa Chapter of the council inaugurated here on Saturday by the Commissioner Cum Secretary of Housing and Urban Development Dr Arun Kumar Panda . The inauguration ceremony

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com1tag:blogger.com,1999:blog-4506321082778718435.post-69574676854867322482010-02-02T12:16:00.001+05:302010-02-02T13:39:44.215+05:30

Naredco to open regional officeBy Express News Service29 Jan 2010 05:05:00 AM ISTBHUBANESWAR: National Real Estate Development Council (NAREDCO) of the Union Ministry of Housing and Urban Poverty Alleviation is all set to open its Regional Office (East) and launch the Orissa chapter of the Council in Bhubaneswar on Saturday. It would be the fifth regional office in the country after Mumbai,

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-71586926346126288122010-02-02T12:15:00.001+05:302010-02-02T13:39:56.479+05:30

Government to introduce new slum policyBy Express News Service31 Jan 2010 05:50:00 AM ISTBHUBANESWAR: The State Government is all set to introduce a new policy and strategy on slum-dwellers soon.Calling the builders to take advantage of various schemes of the Centre towards providing low-cost housing for the economically weaker sections, middle class and urban poor, Urban Development Secretary

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-47471669740117746232010-02-01T17:24:00.002+05:302010-02-01T17:24:59.393+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-44003172807950941702010-02-01T16:44:00.004+05:302010-02-01T16:45:06.874+05:30

Monetary policy review indicates economy on growth pathEconomic Times, Financial Times, January 31, 2010, Page 1Vikas Agarwal, ET BureauThe Reserve Bank of India (RBI) announced a 75 basis points (0.75 percent) hike in the cash reserve ratio (CRR) in its policy review on Friday last. The RBI has kept other policy levers -repo rate, reverse repo rate and bank rate unchanged.This means the banks

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-44615387955570765792010-02-01T16:44:00.003+05:302010-02-01T16:44:43.533+05:30

Interest rates expected to hold steady in near termEconomic Times, Financial Times, January 31, 2010, Page 3There is adequate liquidity and interest rates will not move in the near future, says Ashish GuptaThe stock markets were keenly following the Reserve Bank of India (RBI) for moves to reign in inflation and ensure growth. This was for the simple reason that the inflation rate has been rising

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-88868087383154464242010-02-01T16:44:00.001+05:302010-02-01T16:44:22.637+05:30

Improved sales bookings aid Unitech profit in Q3The Hindu Business Line, January 31, 2010, Page 3Our Bureau, New DelhiThe country's second largest real estate company Unitech Ltd on Saturday posted a strong 29.3 per cent rise in its consolidated net profit for third quarter of the current fiscal at Rs 176.01 crore compared with Rs 136 crore in the year-ago period. The growth came on the back of

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-78969540347059954312010-02-01T16:43:00.002+05:302010-02-01T16:44:00.921+05:30

RBI looks for a quick exit with 75-bps hike in CRREconomic Times, January 30, 2010, Page 1Urges Govt To Return To Fiscal ConsolidationTeam ET MUMBAIDUVVURI Subbarao on Friday sent out an unequivocal call for help to the government, likening his dilemma of exiting from an expansionary monetary policy to that of Pandava warrior Abhimanyu in the Mahabharata war.In an uncharacteristically strong

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-13487906987857224732010-02-01T16:43:00.001+05:302010-02-01T16:43:34.393+05:30

FDI & FII inflows to cross $50 b:Anand SharmaEconomic Times, January 30, 2010, Page 4Sudeshna Sen DAVOSFDI into India is looking set to be more than $25 billion, and FII inbound flows should be more than $25 billion, estimates commerce minister Anand Sharma, though December formal figures aren’t out yet.Mr Sharma, who had a private session with over 50 foreign CEOs, told ET that investor

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-18094248310745474472010-02-01T16:42:00.006+05:302010-02-01T16:43:09.362+05:30

GMR Infra Q3 net profit plunges 85%Economic Times, January 30, 2010, Page 13PTI MUMBAIGMR Infrastructure on Friday posted nearly 85% decline in consolidated net profit at Rs 9.2 crore for the third quarter ended December 2009.The company had a consolidated net profit (after tax and minority interest & share of profit) of Rs 61.29 crore in the October-December quarter last financial year, GMR

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-27302071023016880112010-02-01T16:42:00.005+05:302010-02-01T16:42:51.956+05:30

Your home, car loan rates won’t rise till MarEconomic Times, January 30, 2010, Page 14But Corporates Who Borrow Short-Term Money At Sub-PLR Rates May Have To Cough Up More, Feel Top BankersOur Bureau MUMBAICOMMERCIAL banks are unlikely to raise their prime lending rates — offered to the best customers — or deposits rates at least till the end of March. However, large corporates borrowing

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-43929268495962110582010-02-01T16:42:00.003+05:302010-02-01T16:42:33.854+05:30

Telenor deal, affordable housing fuel Unitech netFinancial Express, January 31, 2010, Page 1fe Bureau, New DelhiDebt restructuring, sell-off of the telecom business to Norway’s Telenor, and focus on affordable housing saw the country’s second largest real estate firm, Unitech Ltd post a jump of 29.37% in its net profit at Rs 176.01 crore during the October-December quarter. The company had posted

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-57906058585615993072010-02-01T16:42:00.001+05:302010-02-01T16:42:15.969+05:30

Panel recommends total review of SEZ ActEconomic Times, February 1, 2010, Page 11NEW DELHI: The government should ’revisit’ its Special Economic Zone (SEZ) Act ’comprehensively’ and put a ban on transfer of common property and agricultural land for its implementation, a panel has recommended in its report. The Committee on State Agrarian Relations and the Unfinished Task in Land Reforms has noted

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-61768457446750878902010-02-01T16:41:00.003+05:302010-02-01T16:41:55.269+05:30

Parsvnath net jumps four foldBusiness Standard, February 1, 2010, Page 3

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-59123664641466726002010-02-01T16:41:00.001+05:302010-02-01T16:41:33.533+05:30

Stimulus withdrawal to hit growthFinancial Express, February 1, 2010, Page 3Press Trust of India, New DelhiIn the backdrop of RBI’s advice to the government to withdraw some of the stimulus measures, industry chamber Ficci on Sunday cautioned it will be “dangerous” for economic growth and employment if fiscal incentives given to spur economy were rolled back.Ficci’s comments come at a time when

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-12853595864954601412010-01-22T15:45:00.004+05:302010-01-22T15:46:13.265+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-44606972704644852662010-01-22T15:45:00.003+05:302010-01-22T15:45:38.929+05:30

Sensex tanks 423 on FII sellingTimes of India, January 21, 2010, Page 25Chinese jitters, MUMBAIChinese jitters, fresh weakness in markets around the globe and investors’ disappointment with government's divestment plan pulled the sensex down to its lowest close in over a month.After opening flat, the index slid through the day and ended at 17,051, down 423 points. It was the biggest

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ICICI Q3 net profit dips 13% to Rs 1101crTimes of India, January 21, 2010, Page 25MUMBAI: ICICI Bank, the country's largest private sector bank, reported a 13.4% drop in net profit for the quarter ended December 2009 to Rs 1,101 crore from Rs 1,272 crore it earned during the corresponding quarter in the previous year. The bank's total income too dropped about 25% to Rs 7,762 crore during Q3FY10

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-52832281237651296642010-01-22T15:44:00.006+05:302010-01-22T15:45:07.114+05:30

Food inflation softens marginally to 16.81%Financial Express, January 21, 2010, Page 2fe BureauNew DelhiOn a day when the government announced measures to shield poor families from the rise in food prices, the country’s food inflation marginally fell to 16.81% during the week ended January 9.Food inflation stood at 17.28% a week ago. Despite the decline in food inflation, the rate is still higher

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-70351203462970467792010-01-22T15:44:00.005+05:302010-01-22T15:44:50.090+05:30

Food inflation eases marginally to 16.81%Business Standard, January 21, 2010, Page 1BS Reporter / MumbaiFood inflation softened to 16.81 per cent for the week ended January 9, led by lower fruit and vegetable prices, although pulses and potatoes continued to cost dearer.For the week ending January 2, food inflation (prices of non-processed food articles) stood at 17.28 per cent.According to the

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-27401039685698592312010-01-22T15:44:00.003+05:302010-01-22T15:44:33.286+05:30

Inflation to exceed 9% by March: Pronab SenFinancial Express, January 21, 2010, Page 2Press Trust of India, New DelhiThe government on Thursday said inflation could exceed 9% by March end with the impact of crop failure becoming visible by the close of the fiscal.“Unless something dramatic happens on agri prices, it (inflation) would probably be over 9%,” said Pronab Sen, chief Statistician of

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-3416865024770391982010-01-22T15:44:00.001+05:302010-01-22T15:44:18.305+05:30

Overheating China melts Indian marketBusiness Standard, January 22, 2010, Page 1BS Reporter / MumbaiDomestic 3rd quarter news weigh on sentiment.Indian stock market indices fell to their lowest close in a month over concerns that China will take more measures to temper growth after reporting its fastest quarterly growth in two years.Subdued world equities weighed on the sentiment as all Asian

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-1217353835384894572010-01-22T15:43:00.005+05:302010-01-22T15:43:59.339+05:30

Home prices almost back to 2007-08 levelsBusiness Standard, January 22, 2010, Page 2Raghavendra Kamath / MumbaiDevelopers say the rise reflects a rebound in demand and isn’t irrationalApartment prices at Planet Godrej, a premium residential property developed by Godrej Properties in the tony Mahalaxmi area of Mumbai, had come down to as low as Rs 17,000 to Rs 18,000 a sq ft in the property market

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-21807679274178237692010-01-22T15:43:00.003+05:302010-01-22T15:43:35.167+05:30

A small hike in CRR will not hurtHindu Business Line, January 22, 2010, Page 6Will reduce liquidity, ease inflation concerns: Naina Lal Kidwai. Our Bureau, New DelhiPointing to the high inflation and sufficient liquidity in the system, HSBC India Country Head, Ms Naina Lal Kidwai, said on Thursday that the Reserve Bank of India has room to increase the cash reserve ratio (CRR) by 25 basis points.

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-9240208728262636482010-01-22T15:43:00.001+05:302010-01-22T15:43:17.701+05:30

ICICI Bank sees 25% rise in home, auto loans disbursalsHindu Business Line, January 22, 2010, Page 7Our Bureau, MumbaiIn the third quarter ICICI Bank earned a profit of Rs 202 crore from the sale of 81 per cent stake in its Point-of-Sales terminals business to First Data Corporation. This boosted its other income.The home and auto loan segments have seen a pick up with disbursements increasing by

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-40148860908886760132010-01-22T15:39:00.000+05:302010-01-22T15:42:58.500+05:30

The reality on ratesHindu Business Line, January 22, 2010, Page 8--------------------------------------------------------------------------------By its own admission, the RBI's easy money policy has not worked as well as it should have. A reversal of the policy now would simply ratchet up an already high real interest rate regime.-------------------------------------------------------------------

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-81034490497414723472010-01-21T15:41:00.001+05:302010-01-21T15:41:41.635+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-64619426259155903242010-01-21T15:40:00.000+05:302010-01-21T15:41:03.092+05:30

Banks pulled up for fine on home loan pre-payTimes of India, January 21, 2010, Page 25New Delhi: Competition watchdog CCI has asked about two dozen banks and housing finance companies, including HDFC, ICICI Bank, and LICHF, to explain their imposing penalty on borrowers for pre-payment of home loans. The commission, according to official sources, has sent notices to major home loan players after

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-56220894371245443182010-01-21T15:39:00.004+05:302010-01-21T15:40:10.028+05:30

Banks get notices for penalty on home loan pre-paymentBusiness Standard, January 21, 2010, Section II, Page 14Press Trust of India, New DelhiThe Competition Commission of India (CCI) has asked about two dozen banks and housing finance companies, including SBI, HDFC, ICICI Bank and LICHF, to explain their move of imposing penalty on borrowers for pre-payment of home loans.The Commission, according

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-89692346552397349372010-01-21T15:39:00.003+05:302010-01-21T15:39:53.939+05:30

High inflation, a concern: PranabThe Hindu Business Line, January 21, 2010, Page 21Our Bureau, New DelhiThe Finance Minister, Mr Pranab Mukherjee, today said that high inflation is a matter of concern and hinted that more steps are on the cards to check rising prices.“It (inflation) is a matter of concern. Cabinet Secretary has held a meeting and certain steps are being taken,” Mr Mukherjee told

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-90373045927101355782010-01-21T15:39:00.001+05:302010-01-21T15:39:19.259+05:30

No PAN card may cost 20% more taxFinancial Express, January 21, 2010, Page 2fe Bureau, New DelhiIf you don’t have a permanent account number (PAN), be prepared for paying higher income tax at source from the next fiscal. According to a government notification, “Tax at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the PAN of the deductee is not

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-20059463286947332512010-01-21T15:38:00.002+05:302010-01-21T15:39:02.277+05:30

Realty builds on revival, brick by brickFinancial Express, January 21, 2010, Page 14Nikita UpadhyayThe realty sector, which was hit by the slowdown in purchases, could well be at the cusp of a revival, highlight December 2009 earnings. Industry analysts reckon that signs of revival in property volumes are evident. The harbinger could well be price rises in certain locations in Mumbai, where

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-25701875747553803112010-01-21T15:38:00.001+05:302010-01-21T15:38:24.997+05:30

Chinese banks told to curb lending after concerns of overheatingFinancial Express, January 21, 2010, Page 20Bloomberg, Shanghai, BeijingChinese authorities ordered some big banks to curb lending for the rest of January, intensifying their efforts to prevent the world’s third-largest economy from overheating.The news on Wednesday weighed down stocks in Asia and Europe and oil fell toward $78 a

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-15482305027922732732010-01-21T15:37:00.003+05:302010-01-21T15:44:01.080+05:30

HDFC net up 23% on NPA dip, better NIMThe Economic Times, January 21, 2010, Page 10Net Profit For April-December Stands At Rs 1,900 CrOur Bureau MUMBAITHE country’s largest mortgage financier, Housing Development Finance Company (HDFC), reported a 23% jump in profits for the third quarter as margins improved and bad loans fell. For the quarter ended December 2009, HDFC reported a net profit of Rs

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-11158544245150513802010-01-21T15:37:00.001+05:302010-01-21T15:37:30.163+05:30

HDIL raises Rs 425 cr additional debtBusiness Standard, January 21, 2010, Page 4Press Trust of India / MumbaiRealty developer Housing Development and Infrastructure (HDIL) today said it has raised Rs 425 crore as debt, in addition to Rs 400 crore raised last month, to retire high cost loans.In all, the company plans to raise Rs 1,150 crore through the issue of secured redeemable and

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-41630073880604890762010-01-20T14:17:00.005+05:302010-01-20T14:19:41.144+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-74166732501991781822010-01-20T14:17:00.003+05:302010-01-20T14:17:54.764+05:30

Unitech withdraws $700-m FCCB planFinancial Express, January 20, 2010, Page 4Rajat Guha, New DelhiThe country's second largest real estate developer Unitech has withdrawn its plans to raise $700 million through foreign currency convertible bonds (FCCBs) amidst strong signals from the government that the current norm prohibiting developers to repatriate profits from investments for a period of

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-90837493967831258692010-01-20T14:17:00.001+05:302010-01-20T14:17:32.285+05:30

Tourism ministry seeks 5-yr tax holiday extension for Games hotels till July 31Financial Express, January 20, 2010, Page 14Surabhi Agarwal, New DelhiTo speed up the development of hotel rooms before the Commonwealth Games due in October, the tourism ministry has urged the finance ministry to extend the benefits of the five-year tax holiday for budget hotels under construction in the national

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-37220317727756406622010-01-20T14:16:00.003+05:302010-01-20T14:16:52.473+05:30

CRR rate likely to go up, says TendulkarFinancial Express, January 20, 2010, Page 15fe Bureaus, MumbaiSuresh Tendulkar, director of the central board of Reserve Bank of India (RBI), on Tuesday said the country will record a GDP growth of 7.5-8% for a remarkable period of time.Commenting on the government’s move on the stimulus packages exit , Tendulkar said it is a tough call for the government

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-56328237479324937492010-01-20T14:16:00.001+05:302010-01-20T14:16:36.147+05:30

Non-salaried too can get hassle-free home loansThe Economic Times, January 20, 2010, Page 10While banks may not chase self-employed pros with home loan packages, they too can get funds for house purchases with proper paper work, says Preeti KulkarniSALARIED individuals have banks chasing them all the time for home loans as this segment of borrowers is best placed to deal with equated monthly

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-60561840268110801522010-01-20T14:15:00.001+05:302010-01-20T14:15:27.624+05:30

Realty cos on a stronger wicket in Q3The Economic Times, January 20, 2010, Page 21Orbit May Lead With 220% YoY Spike In Net Sales, Mahindra Life May Post 28.7% GrowthSupriya Verma Mishra ET INTELLIGENCE GROUPTHE uptick in the quarterly sales of most listed players is perhaps an indication that housing demand may have picked up after a prolonged slump.The improved show is also on account of the

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-27049659852431492282010-01-20T14:14:00.002+05:302010-01-20T14:15:07.721+05:30

PEs give realty IPO exits a missBusiness Standard, January 20, 2010, Section II, Page 3Raghavendra Kamath & Vandana / MumbaiBetter gains after listing, avoiding pricing pressure on stocks key reasons.Private equity (PE) investors are holding on to their investments and not opting for an exit in at least four of the upcoming public issues of real estate companies. They are expecting better gains

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-64785111394165763532010-01-20T14:14:00.001+05:302010-01-20T14:14:29.503+05:30

FSI hike to boost Maha realty bizBusiness Standard, January 20, 2010, Page 1Sanjay Jog & Raghavendra Kamath / MumbaiThe Maharashtra government has decided to increase floor space index (FSI) to 3 from the current 2.5 for buildings which have come up between 1940 and 1960. The decision opens up the possibility for redeveloping 16,461 old buildings.FSI is the ratio of total floor area of a building

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-61622807544351170502010-01-20T14:12:00.001+05:302010-01-20T17:39:41.747+05:30

Top developers to bid for mega road projectsBusiness Standard, January 20, 2010, Page 5Top road developers will be allowed to bid for mega projects, which the Ministry of Road Transport and Highways plans to award soon."The norms for mega projects will be such that the country's top road developing companies can qualify on their own," said Road Secretary Brahm Dutt.It was earlier believed that

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-37991285885681710812010-01-19T18:09:00.000+05:302010-01-19T18:10:17.746+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-62183856105848364542010-01-19T18:06:00.008+05:302010-01-19T18:09:25.382+05:30

ASSOCHAM launches economic awareness campaignIndia Inc advocates equitable, efficient and transparent systemChambers should be out of tax purview, PiramalWithdrawal of stimulus package may hurt growthThe Economic Times, January 19, 2010, Page 11

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-84260854666375179592010-01-19T18:06:00.005+05:302010-01-19T18:06:48.407+05:30

Expect PSU selloff every three weeksHindustan Times, HT Business, January 19, 2010, Page 25From the fiscal year beginning in April, expect one share issue from public sector companies every three weeks, as initial public offers (IPOs) of unlisted firms or follow-on public offers (FPOs) of listed ones.The UPA government is set for a large wave of sell-offs, possibly celebrating the end of five

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-46739804025471629032010-01-19T18:06:00.003+05:302010-01-19T18:06:28.153+05:30

Timely steps saved the economy: FMHindustan Times, HT Business, January 19, 2010, Page 25Finance Minister Pranab Mukherjee on Monday said that timely and pro-active monetary and fiscal measures have enabled the Indian economy to stage a quick recovery amid the scars of a global economic meltdown. "The finance minister stated that the adverse impact of the global financial crisis and the

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-74648306460149522332010-01-19T18:06:00.001+05:302010-01-19T18:06:13.266+05:30

Oberoi Realty files papers for IPOHindustan Times, HT Business, January 19, 2010, Page 25Mumbai: City-based realty firm Oberoi Realty on Monday filed its Draft Red Herring Prospectus with SEBI for an IPO of 39,562,000 equity shares with a face value of Rs. 10 at a price band to be decided later. The issue will constitute a dilution of 12 percent of the fully-paid equity share capital. Kotak

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-36422698376215213542010-01-19T18:05:00.003+05:302010-01-19T18:05:55.824+05:30

Interest rates unlikely to riseTimes of India, January 19, 2010, Page 21Prabhakar Sinha, TNNNEW DELHI: Interest rates are unlikely to firm up even if RBI raises key rates to contain inflation, feel bankers.In its forthcoming review of the credit policy on January 29, it is believed that RBI will increase the cash reserve ratio (CRR) — the proportion of deposits that banks are required keep with

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-19845852432049882232010-01-19T18:05:00.001+05:302010-01-19T18:05:38.696+05:30

12% service tax likely to returnBusiness Standard, January 19, 2010, Page 1Vrishti Beniwal & Jyoti Mukul / New DelhiTo exit stimulus, govt may raise excise duty tooThe government may take the first step towards fiscal consolidation in Budget 2010-11 by partially rolling back tax cuts given to the industry last year. The service tax rate may be restored to 12 per cent, while excise duty could be

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-83960553528036486752010-01-19T18:04:00.006+05:302010-01-19T18:05:18.898+05:30

FM sees signs of turnaroundBusiness Standard, January 19, 2010, Page 6The Finance Minister Pranab Mukherjee on Monday said the macro-economic indicators were confirming the signs of revival in the economy. “The policy measures undertaken by the government have worked and the macroeconomic situation confirms signs of a turnaround for the economy,” Mukherjee sai. PTI.

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-11383303385304871522010-01-19T18:04:00.005+05:302010-01-19T18:04:49.894+05:30

Kamal Nath woos Japanese investorsBusiness Standard, January 19, 2010, Page 6Road Transport Minister Kamal Nath today invited Japanese investors to come forward to participate in the $20-billion worth highway projects to be awarded shortly.

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-58714531123002442502010-01-19T18:04:00.003+05:302010-01-19T18:04:35.471+05:30

No need for fiscal tightening: SharmaBusiness Standard, January 19, 2010, Page 6Ahead of the third quarter monetary policy review by the Reserve Bank later this month, Commerce and Industry Minister Anand Sharma has opposed monetary tightening, saying fund flows to the industry have not caused food inflation. The Reserve Bank of India will announce the third quarter monetary policy on January 29.

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-46080231141358198152010-01-19T18:04:00.001+05:302010-01-19T18:04:21.619+05:30

Timing stimulus exit is a challenge: RBIBusiness Standard, January 19, 2010, Section II, Page 3BS Reporter / MumbaiThe Reserve Bank of India (RBI) on Monday said that the timing and sequence of exit from an easy monetary policy were still a challenge.Commenting that there has been marked improvement in the performance of the industrial sector, RBI Governor D Subbarao said, “The challenge for RBI

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-58166050361960814002010-01-19T18:03:00.006+05:302010-01-19T18:04:05.020+05:30

RBI sees big challenge in timing the stimulus exitThe Financial Express, January 19, 2010, Page 12Agencies, fe Bureaus, MumbaiReserve Bank of India (RBI) governor Duvvuri Subbarao on Monday said timing the withdrawal of stimulus is “a challenge” as he prepares to unveil the next monetary policy decision amid growing inflation pressures.“The challenge for RBI is to support the recovery process

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-64373328937086720222010-01-19T18:03:00.005+05:302010-01-19T18:03:47.796+05:30

Poor response from realtors delays Solan IT Park biddingThe Financial Express, January 19, 2010, Page 20Preeti Parashar, ChandigarhThe bidding process of Himachal Pradesh’s first IT park proposed to come up near Waknaghat in Solan district has been put on hold due to poor response from developers.Though the last date for inviting the bids had been extended from October 26, 2009 toJanuary 4 this

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-91784185933076295012010-01-19T18:03:00.003+05:302010-01-19T18:03:31.225+05:30

Strong real estate revenues propel Jaiprakash Associates profit in Q3The Hindu Business Line, January 19, 2010, Page 2Our Bureau, New DelhiBuoyed by stronger real estate revenues and better price realisation for its cement business, Jaiprakash Associates Ltd (JAL) announced on Monday that it had more than doubled its net revenue for the third quarter ended December 31, 2009 – to Rs 2,964 crore

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-24492810178965048132010-01-19T18:03:00.001+05:302010-01-19T18:03:13.658+05:30

No need for monetary tightening nowThe Hindu Business Line, January 19, 2010, Page 15Arun S, LagosThe Commerce and Industry Minister, Mr Anand Sharma, has called for easier availability of credit at low interest rates till the industry completely recovers from the aftermath of the financial crisis. The Minister's statement against any tightening of monetary measures comes days before the Reserve

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-72168166785289631122010-01-19T18:02:00.003+05:302010-01-19T18:02:56.766+05:30

Private SEZs told to reserve 10% space for small-scale unitsThe Hindu Business Line, January 19, 2010, Page 15K.R. Srivats, New DelhiSmall-scale units may now get a better deal in allocation of space in private special economic zones .The Centre has now said that minimum 10 per cent of the space in IT/ITES SEZ may be reserved for SSI IT/ITES units.All other SEZs were asked to allocate 10 per cent

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-48207492313686400272010-01-19T18:02:00.001+05:302010-01-19T18:02:41.776+05:30

The footfalls are backThe Financial Express, January 19, 2010, Page 10Mona MehtaThe organised retail sector, which bounced back somewhat in the three months to September 2009, posting double-digit topline growth, should turn in an even better performance in the quarter ended December 2009. After all, economic growth was gathering momentum, there had enough liquidity in the banking system, stock

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-62470969704792217772010-01-19T18:01:00.000+05:302010-01-19T18:02:22.310+05:30

Oberoi Realty files IPO papersThe Hindu Business Line, January 19, 2010, Page 11Our Bureau, MumbaiMumbai-based Oberoi Realty filed its draft red herring prospectus for an IPO of 39,562,000 equity shares with a face value of Rs 10 at a price band to be decided later. Sources said the company proposes to raise over Rs 1,500 crore. The issue, which will be through the 100 per cent book building

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-21387217259286460612010-01-18T15:13:00.005+05:302010-01-18T16:17:42.540+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-36524337042631574212010-01-18T15:13:00.003+05:302010-01-18T15:13:45.755+05:30

Economists want fiscal stimulus to stayThe Hindu Business Line, January 16, 2010, Page 17Our Bureau, New DelhiThe Government must continue with the fiscal stimulus for another year. This was suggested by top notch economists at a pre-Budget meeting with the Union Finance Minister, Mr Pranab Mukherjee, here today.“We said that it is not yet time to withdraw stimulus,” Mr Nitin Desai, a former

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-57808991159071257252010-01-18T15:13:00.001+05:302010-01-18T15:13:26.698+05:30

Economists want stimulus to continueBusiness Standard, January 16, 2010, Page 5BS Reporter / New DelhiEconomists on Friday said stimulus should continue until the economy had firmly recovered. In a pre-Budget meeting with Finance Minister Pranab Mukherjee, economists said stimulus was required, but at the same time the government should not drift away from the path of fiscal consolidation.“The

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-25510424160123508512010-01-18T15:12:00.004+05:302010-01-18T15:13:09.790+05:30

Stimulus helped industry add capacity worth $30bnTimes of India, January 17, 2010, Page 21TIMES NEWS NETWORKNew Delhi: The fiscal stimulus seems to have worked wonders for the industry which has added an additional capacity worth $30 billion in 2008-09 by importing capital goods taking advantage of the zero per cent import duty.A Federation of Indian Chamber of Commerce and Industry (FICCI)

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-66753996491676987272010-01-18T15:12:00.003+05:302010-01-18T15:12:54.012+05:30

Commercial realty back in business in MumbaiThe Hindu Business Line, January 17, 2010, Page 13Developers are going the extra mile to showcase their projects.S. ShankerCommercial real estate may not have got over the slowdown blues, but it has not stopped developers from showcasing innovative designs to draw their clientele.Kanakia Spaces, which has just about completed its 1.2 million sq.ft

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com1tag:blogger.com,1999:blog-4506321082778718435.post-58489363970639348162010-01-18T15:12:00.001+05:302010-01-18T15:12:32.779+05:30

Malaysia as a second home, anyone?The Hindu Business Line, January 17, 2010, Page 13The number of foreign buyers has quadrupled since 2004.Malaysia is a “hidden real estate paradise” with affordable commercial space and choice of a home-away-from-home, says Mr Kumar Tharmalingam, Member, Board of Governors, Malaysia Property Incorporated.Mr Tharmalingam is in India promoting Malaysia as an option

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-81567891073953660472010-01-18T15:11:00.002+05:302010-01-18T15:12:15.065+05:30

Finmin may not tinker with corp tax rateThe Economic Times, January 18, 2010, Page 9Deepshikha Sikarwar, ET BureauNEW DELHI: The finance ministry is likely to keep the corporate tax rate unchanged at 30%, as it faces stiff resistance from companies to the draft direct tax code's proposal to cut the rate to 25% and remove all exemptions."Corporates are resisting the phasing out of exemptions even

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-31031188100216662492010-01-18T15:11:00.001+05:302010-01-18T15:11:53.429+05:30

Indian infra cos are ahead of China's in returns race: Nomura MDThe Economic Times, January 18, 2010, Page 14Deeptha Rajkumar, ET BureauHe feels bank and real estate stocks in India could suffer if inflation continues to rise at the current rate. Meet Paul Schulte, managing director & head of multi-strategy research, Asia (ex-Japan) at Nomura, who believes Indian shares have had a great run, but

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-75093469581148188252010-01-18T15:10:00.000+05:302010-01-18T15:11:05.975+05:30

UBS to focus on India businessThe Economic Times, January 18, 2010, Page 15George Smith, ET BureauUBS started its banking operations in India last year at the height of the global crisis. ET’s George Smith Alexander met Alexander Wilmot-Sitwell, CEO of UBS Investment Bank and chairman & CEO, UBS Group EMEA. Mr Wilmot-Sitwell says, that after China, India is the new focus area for the group and

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-6521332686765139752010-01-18T15:09:00.000+05:302010-01-18T15:10:20.960+05:30

DLF to exit Prudential JVThe Economic Times, January 18, 2010, Page 17May Sell Its 39% Stake in DLF Pramerica To Prudential FinancialDheeraj Tiwari NEW DELHIINDIA’S largest realty firm is selling its entire stake in DLF Pramerica to overseas partner Prudential Financial, thus exiting the mutual funds altogether to focus on its core business.Prudential Financial (PFI) is expected to buy DLF’s

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-68126881302912865832010-01-15T17:20:00.002+05:302010-01-15T17:53:12.368+05:30

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-48295265161085032742010-01-15T17:19:00.004+05:302010-01-15T17:20:03.312+05:30

Spike in inflation fans rate fearsThe Financial Express, January 15, 2010, Page 1fe Bureaus, New DelhiInflation rose to a year’s high of 7.3% in December, driven by a 20% jump in food prices, amid indications that generalised inflationary pressures are looming large. With the December wholesale price index rising to its highest after November 2008, and going way above 4.8% reported in the

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-91742238647723671672010-01-15T17:19:00.003+05:302010-01-15T17:19:45.384+05:30

Inflation surges to 7.31% in Dec, exceeds RBI estimateBusiness Standard, January 15, 2010, Page 6

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-67184206176368700352010-01-15T17:19:00.001+05:302010-01-15T17:19:30.957+05:30

7.3% inflation raises rate hike spectureThe Economic Times, January 15, 2010, Page 1Our Bureau NEW DELHISTEEL and zinc joined sugar and potatoes to take inflation for December 2009 past RBI’s target for the fiscal year, raising the odds that the central bank could resort to some form of monetary tightening as concerned policymakers try to curb rising prices.Government data on Thursday showed

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-66624778456854480112010-01-15T17:18:00.005+05:302010-01-15T17:18:57.862+05:30

Inflation jumps to 7.3% in DecHindustan Times, January 15, 2010, Page 1New Delhi, Jan. 15 -- India's wholesale inflation rose by 7.3 per cent in December, even as policymakers launched a plan to contain prices by shoring up supplies of staple items such as sugar and foodgrain.Latest price data released on Thursday showed monthly inflation jumped nearly 3 percentage points from November's 4.78 per

naredcohttp://www.blogger.com/profile/06655056655160623844noreply@blogger.com0tag:blogger.com,1999:blog-4506321082778718435.post-90379848483201671972010-01-15T17:18:00.003+05:302010-01-15T17:18:42.957+05:30

Double-digit inflation by Mar?Times of India, January 15, 2010, Page 23Jumps To 7.31% In Dec; RBI May Be Forced To Tighten Money SupplyTIMES NEWS NETWORK, New DelhiThe annual rate of inflation based on wholesale prices jumped to 7.31% for the month of December, 2009 as compared to 4.78 % for November. This is likely to force RBI to follow the tight monetary policy resulting into increase in the

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Govt may look at building concrete roads for express highways: NathThe Financial Express, January 15, 2010, Page 2fe Bureaus, New DelhiRoad transport and highways minister Kamal Nath on Thursday said the government is likely to consider use of cement to build certain sections of expressways in the country. The government has planned creating expressways of 18,637 km at a cost of over $100 billion

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Nath casts in concrete plan for laying fresh roadsThe Economic Times, January 15, 2010, Page 9No Maintenance For 20-30 Years, 15-20% Fuel Savings Force Govt To Rethink PlansOur Bureau NEW DELHITransport minister Kamal Nath on Thursday said the government may look at using cement for constructing over 18,000 km of expressways in the country. At present, most of the road network in India is bitumen

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Concrete highways a possibility: NathThe Hindustan Times, January 15, 2010, Page 24TIMES NEWS NETWORKNew Delhi: Cement industry is now pitching for concrete highways in the light of road, transport and highways ministry’s plan to construct over 18,000 km greenfield expressways by 2032. Transport minister Kamal Nath on Thursday said the government may look at using cement for construction of these

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We count every penny nowBusiness Standard, January 15, 2010, Page 10Q&A: Sanjay Chandra, MD, Unitech LtdRaghavendra Kamath / MumbaiSanjay Chandra, managing director of Unitech Ltd — the country’s second-largest real estate developer — steered the company out of near-bankruptcy in 2009 when its debt rose to Rs 11,000 crore and property sales came to a standstill. The company switched its focus

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Double dip recession ahead?Business Standard, January 15, 2010, Page 11About 10 million US residential mortgages are underwater. This may lead to defaultsJaimini Bhagwati / New DelhiJanuary 2010 is the first month of the year and of the decade, and there is a thriving market in making economic projections. It is evident that there has been a seismic shift in the global economy’s tectonic plates.

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Small is BIG nowThe Economic Times, ET Realty, January 15, 2010, Page 21Thanks to space crunch and rising prices of the available land, big cities are now becoming out of reach for those wanting to buy a home of their own. Hence, it is the Tier II and Tier III cities that are being preferred by home buyersShri Ram ShawWith real estate in metropolitan cities becoming prohibitive, many buyers with

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