The National Pension System (NPS) has delivered double-digit returns for fiscal year 2012-13 and has established “itself as not just being the cheapest retirement product but also as the highest returns generating scheme,” the finance ministry said today.
India's monsoon rains may arrive on the southern coast around June 3, the weather office forecast Wednesday, a late debut that will raise fears any revival for drought-hit tracts of southern and western farmland could be delayed.
After four consecutive reductions in petrol prices, get ready for a hike now. With rising international oil prices and the depreciating rupee, state-owned oil companies may increase petrol prices by anywhere between 0.70 paise to Rs. 1 a litre shortly.
The Reserve Bank of India will take note of falling inflation when discussing potential interest rate cuts, governor Duvvuri Subbarao said today, adding he was very happy about the falling inflation.
India is projected to grow by 6% in the current fiscal while growth is expected to be steady in most of the Asia Pacific economies, global rating agency Standard & Poor’s said on Tuesday.
The largely unorganised food service industry, valued at Rs. 247,680 crore, is projected to grow 11% to Rs. 408,040 crore by 2018, says the latest ‘India Food Service Report 2013’ prepared by the National Restaurant Association of India (NRAI).
Natural gas prices in the country are set to double from the existing $4.2 per unit levels. Anupama Airy reports.
The slowdown is taking a toll on people’s spending habits. Young Indians are becoming more cautious about how they use their money. Mahua Venkatesh reports.
WPI-based inflation rate fell to 4.89% — the lowest in more than three years — triggering demand for an interest rate cut by RBI amid expectations that a normal monsoon and bountiful harvest will further cool prices. HT
reports. Food for thought
The Indian arm of global agency Fitch will assign credit ratings to IDF so as to help instill confidence among global investors and provide thrust to the infrastructure sector, the government said today.
Come January and India will have the largest integrated electricity grid in the world as the southern region will be integrated with the remaining grids in the country.
India’s retail inflation rate fell to 9.4% in April due to easing of prices of vegetables, edible oil and protein-based items such as egg, meat and fish, latest price data released on Monday showed.
Country's merchandise exports grew by 1.6% to $24.16 billion in April this year, whereas imports increased by 10.9%.
Falling for the second straight month, retail inflation declined sharply to 9.39% in April due to easing of prices of vegetables, edible oil and protein-based items.
Goa has become the first state to sell petrol at cheaper rates than diesel after oil companies recently announced a hike of Rs. 1 per litre for diesel. This was the fourth such hike this year.