| Power demand traces economic recovery | 21-NOV-09 |
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| In a clear indication of an economic revival, the demand for power in India has jumped 6.3 per cent in the April-October period this financial year, compared with the same period of 2007-08 when it had increased by a mere 0.3 per cent, its lowest growth in the past five years, owing to the global financial meltdown. |
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| Biz confidence surpasses pre-crisis level: NCAER | 19-NOV-09 |
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| The business confidence index has bounced back on improving economic conditions and has in fact surpassed the level prevailed prior to the global financial meltdown, a survey has said. |
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| 'All markets are now recovering' | 03-NOV-09 |
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| The biggest casualty of the global financial meltdown was real estate. Banks became wary of lending. Home buyers postponed purchases out of fears of joblessness. Companies put their real estate plans on hold or simply dumped them. Of late, things have begun to look up. Takers for reasonably-priced real estate are back. Large buyers of office space, especially the information technology companies, have started to return to the market place. |
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| Govt extends time period for incentive schemes | 27-AUG-09 |
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| In order to give a boost to exporters, reeling under the impact of the global financial meltdown, the government today said that various schemes like DEPB that provide incentives to exporters would continue. |
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| 'Financial meltdown was an outcome of risk mismanagement' | 22-AUG-09 |
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| The financial meltdown that shook the world was a direct outcome of mismanagement of risk. The risk management was completely ignored by companies’ boards. Boards did not even constitute risk committees and expected “inexperienced” audit committees to handle risk, according to president of World Council for Corporate Governance, Madhav Mehra. |
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| India's economic strategy blunted global financial meltdown: Pranab | 02-AUG-09 |
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| The Centre’s economic strategy has blunted the impact of the current global financial downturn, finance minister Pranab Mukherjee said today. Referring to the world economic crisis, he said: “India’s strategy helped us to come out substantially unhurt,” even if not completely insulated. |
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| Average IPO size up, total number down: Survey | 02-JUL-09 |
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| The average size of IPOs rose by nearly half in 2008 over 2007, though the financial meltdown may have scared away many from the primary capital market, bringing down the number of IPOs to about one-third, the Economic Survey said today. |
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| RBI Governor meets Prime Minister | 12-JUN-09 |
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| Reserve Bank Governor D Subbarao today met Prime Minister Manmohan Singh and is believed to have discussed the state of the economy and initiatives taken by the central bank to arrest the impact of the global financial meltdown on the Indian economy. |
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| Sunil Jain: Don't blame the global crisis | 16-APR-09 |
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| There is little doubt that the global economic crisis has worsened India’s growth prospects, but the slowdown began long before the US financial meltdown began. The US sub-prime crisis first surfaced around August 2007 (and peaked when Lehman Brothers collapsed in September 2008) but, as ratings agency ICRA’s Monetary Research Project Director Mihir Rakshit points out in a recent paper in the Economic & Political Weekly, India’s deceleration predates the global meltdown. |
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