Nobody expected the Reserve Bank to cut interest rates in its quarterly monetary policy unveiled on Tuesday. Neither did D. Subbarao spring any surprise. The RBI governor, however, sounded unusually alarmist and helpless, as he sharply slashed the GDP growth forecast for 2012-13 from 7.3% to 6.5% and warned that high inflation was here to stay for many more months. Read more

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Posted by Rajesh Mahapatra on Tuesday, July 31, 2012 at 11:51 pm
Filed under India · Tagged GDP, government, hindustantimes, inflation, Mamata, Planning Commission, Pranab Mukherjee, rajesh mahapatra, RBI, Reserve Bank, Sharad Pawar, Subbarao, Sushil Kumar Shinde, UPA
Last week, the government released a set of statistics that have since caused much anxiety over where the Indian economy is headed to. Read more

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Posted by Rajesh Mahapatra on Tuesday, May 22, 2012 at 11:04 pm
Filed under India, world · Tagged balance of payments, euro zone, fiscal deficit, fuel prices, gyan at a glance, hindustan times, indian economy, inflation, news, rajesh mahapatra, rupee, trade deficit
In 2000, that was when I started earning enough to save some, I bought a pension policy from LIC. It came for an annual premium of Rs 25,000 and promised to pay about Rs 20,000 every month after 25 years — that is starting 2024 when I would be 55 years and retiring. Read more

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Posted by Rajesh Mahapatra on Wednesday, August 31, 2011 at 9:27 am
Filed under India · Tagged Anna Hazare, bribe, corruption, dreams, Europe, India, inflation, Manmohan Singh, money, monthly income, rajesh mahapatra, US
The latest numbers released by the government on Tuesday show India’s economy grew 8.5% through 2010-11. Read more

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Posted by Rajesh Mahapatra on Tuesday, May 31, 2011 at 10:38 pm
Filed under India · Tagged consumer demand, economy, government, India, inflation, investment, production, Reserve Bank of India, retail sales, slower growth
For stock investors, 2011 hasn’t begun on a happy note. Read more

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Onions are back in news. In just about a week, onion prices have doubled from a level that was already high. Read more

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Posted by Rajesh Mahapatra on Wednesday, December 22, 2010 at 12:57 am
Filed under India · Tagged 2G scam, agriculture minister, BJP, government, inflation, Maharashtra, Nasik, onions, opposition, price rise, Radia tapes, Sharad Pawar
Mike Duke, CEO of Walmart Stores, would like us to believe that allowing companies such as his to retail farm produce here will help control food price inflation, which is increasingly becoming a source of discontent among our people. Read more

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Posted by Rajesh Mahapatra on Wednesday, October 27, 2010 at 1:19 am
Filed under India · Tagged Big Bazaar, Diesel, foreign investment, hindustan times, inflation, Mike Duke, news, power tariffs, rajesh mahapatra, Reliance Retail, Sharad Pawar, Subodh Kant Sahay, Walmart
A couple of weeks ago the Sunday edition of the Economic Times published a cover story on how Indian companies are planning to dole out big bonuses and increments ahead of the festive season, because their profits are getting better and sales are expected to grow faster. Read more

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Posted by Hindustan Times on Wednesday, September 15, 2010 at 2:40 am
Filed under India · Tagged Economic Times, festive season, hindustan times, increments, industrial production, inflation, Manpower, marketplace, salary revisions