Briefly Business: Meeting to discuss state of Indian economy

In a meeting of Standing Committee on Finance,finance ministry officials admitted that the economic situation was critical but said that FDI inflows and lower inflation may help rev up growth

Written by Express News Service | Published: June 8, 2012 1:15 am

Meeting to discuss state of Indian economy

New Delhi: In a meeting of Standing Committee on Finance,finance ministry officials admitted that the economic situation was critical but said that FDI inflows and lower inflation may help rev up growth.

India to grow at 6.7% in 2012: UN

New york: India’s economy will grow at a slower pace of 6.7 per cent in 2012 instead of a previous 7.7 per cent forecast,according to the United Nations,which warned that the euro area debt crisis will remain the biggest threat to world economy this year.

Indiabulls’ power plant gets global certification

New Delhi: Indiabulls Power Company’s thermal power plant in Amravati,Maharashtra has received ISO 9001 and OHSAS 18001 certifications by the United Kingdom Accreditation Service.

NTPC blames government for power crisis

New Delhi: Arup Roy Choudhury,chairman of NTPC blamed the government for fuel shortages that have exacerbated the energy crisis and put off steps to increase power generation as he warned NTPC would fall far short of its own target to up capacity.

Nokia shares drop 1% amid reports of takeover

new york: Shares of Nokia dropped 1% Thursday amid reports that the firm may be acquired by Microsoft. In the first 30 minutes,Nokia’s ADRs were trading at $2.85 on the NYSE.

‘Enable developers offer affordable housing’

New DelhI: The National Real Estate Development Council on Thursday organised a round table on private participation in affordable housing where in it said that government should bring in a regime that encourages developers to address housing shortage for economically weaker sections.

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