02 May 2008 | 11:58
Inflation at highest level in more than three years
The wholesale price index rose 7.57% in 12 months to 19 April 2008, accelerating from the previous week's annual rise of 7.33%, government data released today, showed. The rate was the highest since a reading of 7.68% on 13 November 2004.
02 May 2008 | 15:40
Government clears 13 PPP projects
The Union government has approved 13 public private partnership (PPP) projects worth Rs 7,496 crore, it said in a release. Of the 13 projects, 10 relate to National Highways, 2 relate to non-metro airports while one is in the tourism sector. These projects are located in ten states including two projects from Assam.
02 May 2008 | 16:55
FDI inflow to touch $35 billion in 2008/09 : Kamal Nath
Trade minister Kamal Nath today said foreign direct investment (FDI) in India in the financial year 2008/09 is expected to touch $35 billion. FDI inflows in 2007/08 amounted to $24.57 billion.
06 May 2008 | 12:18 Montek Singh expects 8% economic growth in 2008/09
Montek Singh Ahluwalia, deputy chairman of Planning Commission, today said he expects the economy to expand by around 8% in the fiscal year ending March 2009. Ahluwalia said inflation, which is ruling at its highest in more than three years, may moderate in a few weeks, and the government could take more steps if prices are not contained.
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