FreePress India

India’s consolidated fiscal deficit may increase to 10.3% of GDP in FY09 and 10% of GDP in FY10, according to our estimates, due to the cyclical downturn in tax revenues, election-related spending, and a large subsidy bill. The deficit will come down substantially over the next few years due to a structural increase in spending, … Read more Rising deficit – Is India’s debt sustainable?

ADAG  controlled Reliance Communications’ (RCOM) hived off tower arm Reliance Telecom Infrastructure (RTIL) is expected to finalize infrastructure-sharing deal with Swan Telecom for fifteen years in a month. It is widely speculated that Swan Telecom once upon a time belonged to Reliance ADAG Group before being transfered to Balwas Group of Mumbai. Etisalat has now … Read more RCOM arm to ink infra sharing deal with Swan Telecom for 15 yrs

Gold opened marginally higher on the Multi Commodity Exchange (MCX) on Friday after slipping on Thursday on profit booking at previously higher levels. Demand for gold has seen an upmove as a safe haven option as equities all over the world are in a bad shape on account of the global slowdown. Gold for April … Read more Gold Trading marginally higher on MCX

The Tata Group’s flagship automobile major Tata Motors is expected to flag off  bookings for its small car – Nano – by the end of the month while deliveries will begin next month. The first batch of Nanos will be from the company’s Pantnagar facility. Despite the slowdown in the global auto sector that has … Read more Nano shifts to forward gear – Bookings Open Last Week

Until recently, due to its large working population, India was touted as one among few countries that enjoyed a ‘demographic dividend’. But with one of the fallouts of the global crisis being job losses, this could become a demographic nightmare. With most of the ‘officially reported’ 500,000 job losses during the last quarter exports related, … Read more Layoffs in Indian Export Sector – Collateral Damage