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Sunday, Nov 22, 2009
 
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PM leaves for four-day US visit22-NOV-09
Prime Minister Manmohan Singh left for Washington today for talks with President Barack Obama, saying India attaches “high priority” to its relations with the US and a “sustained and dynamic” partnership between them is essential to meet major global challenges like terrorism, climate change and economic slowdown.
Indian tourists ride the slowdown20-NOV-09
A record 10.8 million Indian tourists went on a globe trotting spree in 2008-09, the worst year of the economic slowdown, as dipping airfares and lower hotel rates made holidays cheaper. This was one million more outbound tourists than the year before.
US gets $2.75 bn from Indian students18-NOV-09
The economic slowdown notwithstanding, India retained its top spot in 2008-09 for sending the highest number of students to US varsities and colleges. India has been in the top position for the eighth consecutive year.
Expenditure on education, health hit due to slowdown17-NOV-09
The economic downturn has had an unusual casualty. The UPA government’s stated agenda to increase expenditure on education and health during the Eleventh Plan Period (2007-12) has gone awry.
Slowdown delays Hyd airport breakeven13-NOV-09
The global slowdown has delayed the breakeven of Rajiv Gandhi International Airport at Hyderabad, operated by GMR Hyderabad International Airport Ltd (GHIAL).
Builders in IT hub to focus on middle, upper middle segments11-NOV-09
After almost a year of lull due to the economic downturn, the real estate sector in the country's IT capital is slowly picking up and is all set to focus on the middle and upper middle segments, where it envisages huge potential.
Slowdown in earnings expected for cement firms11-NOV-09
The robust growth in net profit in the second quarter seems unlikely to be repeated soon for cement companies, as prices in the south and west have been falling since October, with the increase in supply outstripping demand.
Pakistan's slowdown11-NOV-09
With all the media and public focus on Pakistan’s political problems, few are paying attention to its economic woes. After five years of 6 per cent growth, the Pakistan economy has slumped to a 2 per cent rate of growth in 2008-09, making the country the region’s worst performer.
Slowdown hits remittances, says Western Union11-NOV-09
With the impact of global slowdown still persisting across countries, there may be a dip in remittances inflow into the country in 2009, according to Rajesh Mehta, director marketing – South and South East Asia, Western Union Services India.
Slowdown hits Plan resources04-NOV-09
As the Eleventh Five-Year Plan period (2007-12) reaches halfway stage, the government is likely to face substantial financial shortfalls in the next two years, resulting in a marginal decline in the originally envisaged cumulative gross budgetary support (GBS) of Rs 1.6 lakh crore.
Exports drop by 13.8% in September03-NOV-09
India's exports remained downhill for 12 months in a row, declining by 13.8 per cent to $13.6 billion in September, but the damage to exports inflicted by recession in big markets seems to be bottoming out.
M Govinda Rao: Timing the exit right03-NOV-09
The expansionary fiscal stance of the last two years cannot continue and an exit strategy will have to be put in place in the forthcoming Budget to ensure fiscal sustainability and greater flexibility in monetary policy operation, and to enhance productivity in public spending and avoid pressure on interest rates.
Pranab to meet economic editors tomorrow02-NOV-09
Finance Minster Pranab Mukherjee would interact with economic editors here tomorrow and provide them comprehensive view of the overall economy.
Sony records $292 mn loss in Q230-OCT-09
Sony Corp has reported a loss of 26.3 billion yen ($292 million) for the three months ended September as weak economic conditions and currency fluctuations impacted the electronics major.
Investments in projects up 22% despite slowdown30-OCT-09
The total outstanding project investments in the country increased by a modest 22.6 per cent at Rs 46.22 lakh crore during the last 12 month period hinting towards a possible sign of recovery.
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