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HindustanTimes Thu,10 Jul 2014

Economy

Fed Reserve decides to taper historic stimulus as US economy improves

US stocks rally to new record highs after the Fed action, which marks the beginning of the end of five years of its easy-money policy, aimed at helping the world's largest economy recover from the devastating recession.

Economy to grow 6% in 2014-15; financial sector reforms next: FM

Projecting a growth rate of about 6% in 2014-15, finance minister P Chidambaram on Friday said that the government will liberalise capital markets and the financial sector in the next six months to ensure that the economy returns to the high-growth trajectory.

Monsoon effect key to economic turnaround

A normal June-September monsoon, as is expected, could be crucial for the UPA government ahead of a general election in 2014, helping it focus on growth, while curbing inflation and keeping its borrowings under check.

Branded petrol, diesel set to turn cheaper

Premium fuels including petrol and diesel, which can increase the efficiency (mileage) of your car by up to 2%, may soon turn affordable.

Slower hiring, falling commissions force search firms to close down

India’s economic slowdown, which led to a drop in hiring in the last two years, has hit recruitment firms hard.The ones that helped you get jobs are now looking for jobs themselves.

India tops US, China as investment destination

Global consultancy firm Ernst & Young (EY) has said that India is the most attractive investment destination, ahead of China and the US, after the government recently relaxed the policy on foreign investment.

Govt pulling all stops to woo foreign investors

Personal invitations are being extended to top ministers across the world to visit India along with their business community. Bilateral communications are also being made with cash-rich Gulf nations to attract investments into India’s infrastructure projects.

At market price, Indian economy to grow 3.4% this fiscal: OECD

Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4% from 3.3% in the previous fiscal, think tank OECD said today.

Are speculators responsible for the rally?

The biggest producer countries, led by Saudi Arabia, have blamed speculation for the extent of a rally that has seen oil prices double over the last 12 months.

Steel industry agrees to hold price line

After the government cracked down on steelmakers asking them to rein in prices, the industry agreed to cut prices by up to 10 pc and also discourage exports, reports HT Correspondent.

Pipeline deal by next month, says Deora

India expects to finalise a deal “by next month” on a pipeline that will transport gas across the subcontinent from Iran, Petroleum Minister Murli Deora said.

‘High inflation unavoidable for some time’

The RBI governor has said that volatile prices of food and commodity prices have pushed inflation higher and the most urgent priority for central bankers is to calm nerves on inflation.

EPF decision deferred

The Central Board of Trustees deferred the decision on the interest rate on Employment Provident Fund (EPF) accounts for the year 2007-08.

Bush to focus on world economy, food supply at G8

US President George W Bush left Washington for the G8 meeting in Japan, where he aims to highlight Africa's battles against hunger and deadly diseases and assuage Japanese on his North Korea policy.

US papers, Indian copy editors

Faced with falling revenues and circulation, American papers are now outsourcing their work of page layout and designing to Indian firms. Robbie Corey-Boulet reports.
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