May 2, 2008

Inflation at highest level in more than three years

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.