Briefly Business

We will have 8 per cent growth even this year,though the first quarter growth figure is 7.7 per cent, he said after meeting leading Indian industrialists at an investment forum in New York on Thursday.

The Finance Minister said that a good monsoon could ensure agricultural growth of about 4 per cent-plus and growth in the manufacturing and services sector clearly indicates that it will be possible for us to have the growth at 8 per cent for this year.

The Finance Minister said that India has projected 9 per cent growth for the 12th Five-Year Plan 2012-17 and the country is taking necessary steps to ensure that the momentum continues.

Kamal Nath calls for more PPPs in urban infra space

mumbai: Urban Development Minister Kamal Nath on Thursday called for public-private projects in the urban infrastructure space,which needs Rs 50 lakh crore investment.

FTAs with Europe,Canada,NZ likely by FY12: Khullar

Kolkata: Free-trade agreements with Europe,Canada and New Zealand are likely to be wrapped up by this fiscal-end,commerce secretary Rahul Khullar said on Thursday.

Inflation linked to supply side factors: World Bank

Washington: World Bank chief Robert B Zoellick on Thursday said inflation in India is linked to supply side factors as well and underscored the huge potential of countrys farm sector. In case of India,inflation has probably also been related to some supply-side factors, he said.

Process to appoint New India CMD to start soon

New Delhi: The Finance Ministry will soon initiate the process for appointment of a regular chairman and managing director for state-owned New India Assurance after its chief,M Ramadoss,was suspended.

Coal regulator will be in place by fiscal end: Jaiswal

Mumbai: Coal minister Sriprakash Jaiswal on Thursday said the coal regulator is likely to be set up by the end of this financial year. We hope the coal regulator will be set up in this fiscal itself, Jaiswal said on the sidelines of an energy summit.