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India

Gross Earnings of Railways to Touch Rs. 94,742 Crore, Working Expenses Rs. 87,200 Crore

Special Correspondent - 2011-02-25 10:48
New Delhi: The Railways have fixed their Total Gross Earnings for 2010-11 at Rs. 94,742 crore, which is Rs. 177 crore higher than the budget. Stating this in her speech while presenting the Railway Budget for 2011-12, the Minister of Railways, Mamata Banerjee, informed the Lok Sabha that with the reduced traffic suspense clearance of Rs. 98 crore, Gross Traffic Receipts is higher than the budget target by Rs. 75 crore at Rs. 94,840 crore.

India: Highlights of Economic Survey 2010 - 11

Special Correspondent - 2011-02-25 10:45
New Delhi

• Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal

• Growth broad based with rebound in Agriculture, continued momentum in manufacturing and private services

• Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling

• Agriculture likely to grow at 5.4% in 2010-11;

India gets US$ 36.7 Billion Capital Flows, Foreign Exchange Reserves stood at US$ 299.2 Billion

Special Correspondent - 2011-02-25 10:42
New Delhi: The Economic Survey tabled in the Lok Sabha here today by the Finance Minister, Shri Pranab Mukherjee, notes that the net capital flows at US$ 36.7 billion in April-September 2010 were higher vis-a-vis US$ 23.0 billion in April-September 2009. All components showed improvement with the exception of FDI and banking capital in the first half of 2010-11.

India’s Cumulative Export Growth Stood at 29.5 % with US$ 164.7 Billion of Exports

Special Correspondent - 2011-02-25 10:40
New Delhi: The Economic Survey tabled in the Lok Sabha here today by the Finance Minister, Shri Pranab Mukherjee says that India’s cumulative export growth in April-December 2010-11 stood at 29.5 per cent with cumulative exports reaching US $ 164.7 billion during this period. The exports continued to rise with exports rising at the rate of 13.6 per cent in 2008-09. Current indications are that India will not only achieve the target of US$ 200 billion but surpass it in 2010-11.

India: Industrial output Grows by 8.6 per Cent

Special Correspondent - 2011-02-25 10:33
New Delhi: IIP-based cumulative industrial output growth during April-December 2010 was 8.6 per cent, on a par with the growth rate of the corresponding months of the previous year, says the Economic Survey 2010-11 which was presented by the Union Finance Minister Shri Pranab Mukherjee in the Parliament today. As per the Survey, growth in the industrial sector was buoyant during the first two quarters (April-June, July-September) of the current financial year. Thereafter, industrial output growth has begun to moderate partly due to higher base effect.

India Requires Inclusive Development Strategy Focusing on Both Income and Non-Income Dimensions

Special Correspondent - 2011-02-25 10:30
New Delhi: As per the Economic Survey tabled in the Lok Sabha, here today, by the Finance Minister Shri Pranab Mukherjee, the development process needs to continuously strive for broad-based improvement in the standard of living and quality of life of the people through an inclusive development strategy that focuses on both income and non-income dimensions.
India

Avoid Duplication and Leakages in government schemes, suggests Economic Survey

Special Correspondent - 2011-02-25 10:28
New Delhi: A number of programmes are being run concurrently by the Government to address the twin issues of unemployment and poverty alleviation. The Economic Survey tabled in the Lok Sabha here today by Finance Minister Shri Pranab Mukherjee states that there is a need for better convergence of the schemes to avoid duplication and leakages and to ensure that the fruits of the schemes reach the targeted beneficiaries.
India

Upward Trend in Employment claimed in Economic Survey

Special Correspondent - 2011-02-25 10:25
New Delhi: As per the Economic Survey tabled in the Lok Sabha here today by Finance Minister Shri Pranab Mukherjee, on the employment front, the country has been able to withstand the adverse impact of the global crisis and generate employment since July 2009 as reported in the quarterly quick employment surveys conducted by the Labour Bureau. An upward trend in employment has been continuously observed since July 2009. During the quarter July to September, 2010, overall employment increased by 4.35 lakhs.
India

Sharp Rise in Food Prices Cause of Concern

Special Correspondent - 2011-02-25 10:23
New Delhi: A sharp price in food price inflation has been a major cause of concern of our economy during 2010-11, however, high inflation in food article is not unique to India. The Economic Survey tabled today in the Lok Sabha by the Finance Minister Shri Pranab Mukherjee, says that the whole sale price index (WPI) of food inflation rose to 13.6% in December 2010 on account of unfavourable agricultural supply conditions coupled with the waning of base effects. There are signs of food and fuel price increases spilling over into general inflation.