InfoAnda - India inflation falls below 11 pct, more easing seen

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Foreign filmmakers get creative with small budgets | 22 December 2009
Mexican police shoot two U.S. Embassy staff in botched chase | | 25 August 2012
US-TECH Summary | 1 March 2011

China says profit at state companies down | 21 July 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : India inflation falls below 11 pct, more easing seen

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: India inflation falls below 11 pct, more easing seen AFP - Friday, October 31 NEW DELHI (AFP) - - India's inflation rate fell below 11 percent for the first time since May, giving the central bank more room for rate cuts to spur the economy and ease a credit crunch, economists said Thursday. Annual inflation fell by nearly four-tenths of a percentage point -- more than financial markets forecast -- to 10.68 percent for the week ending October 18 from 11.07 percent a week earlier, according to official data. "Inflation is falling faster than expected," said Dharma Kriti Joshi, economist at Crisil credit rating agency, adding the drop opened the door to further monetary easing to blunt the impact of the global financial crisis. "Inflation could touch five percent by March 2009," Joshi said. "Nobody expected the global economy to slow so sharply. That's changed the scenario." Analysts had forecast inflation of 10.8 percent. Inflation, which was nudging 13 percent in August, has been falling in Asia's third-largest economy as global commodity prices slide and consumer demand drops amid a credit crunch caused by the financial upheaval. Industry bodies have been clamouring for rate cuts to ease the impact of the turmoil on companies whose profits have been slowing. The Associated Chambers of Commerce and Industry of India said cement, steel, real estate and other firms might have to start laying off as much as 25 percent of their workforce soon despite tough laws meant to discourage redundancies. "Factories are cutting production and that means retrenchment," T.K. Bhaumik, an economist with Assocham, told AFP. "If I can't run my factory, what do I care if there's a strict hire-and-fire law?" The Federation of Indian Chambers of Commerce and Industry called the bank's response to the financial crisis "clearly inadequate" and said recruitment was on the downswing. India's central bank has forecast economic growth slowing to 7.5 to eight percent while private economists see expansion slipping as low as seven percent after the economy grew by nine percent last year. The bank kept interest rates steady at a policy meeting last week after a surprise full percentage point cut in the repo, its key benchmark rate at which it lends funds to commercial banks, to eight percent a few days earlier. But it said it was ready to act swiftly to counter the financial crisis. Banks around the world have been cutting rates to spur growth with the US Federal Reserve on Wednesday, slashing its main policy rate to one percent and neighbouring China also lowering key interest rates. HDFC Bank chief economist Abheek Barua, who saw India's inflation hitting single-digits in December, said he expected another drop in the cash reserve ratio -- the sum commercial banks must keep on deposit -- and a half point cut in the repo rate "in the next few weeks". Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy TOPWRAP 14-US economy contracts; Japan warns of "harsh storm"Reuters - 2 hours 16 minutes ago Commodities fall on recession concernsAP - 2 hours 57 minutes ago US economy shrinks, Japan unveils stimulusAFP - Friday, October 31 Aricom surges as Russia-China bridge deal signedReuters - Friday, October 31 Related Articles: Business Stocks up on GDP report in relatively calm sessionAP - 2 hours 7 minutes ago Newell Rubbermaid 3Q profit falls 68 percentAP - 2 hours 52 minutes ago Commodities fall on recession concernsAP - 2 hours 57 minutes ago US diabetes rate doubles over 10 yearsAP - Friday, October 31 Macau lifts Wynn Resorts Q3 profit 14 pctReuters - Friday, October 31 Enlarge Photo India inflation falls below 11 pct, more easing seen Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed When men see red, they see hot: study Asian stocks soar on US Fed rate cut McCain in defiance as Obama boosted by economic data World's fattest man weds friend's widow Desperate pleas end in despair as starlet's nephew found dead View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

Other News on Thursday, 30 October 2008
Taliban suicide attack kills at least five in Afghan capital
Gaza rocket strikes Israel; cargo crossings closed
Fears of more deaths as Pakistan quake victims wait for aid
Iraq wants all US troops gone by end of 2011
Iraq holding thousands in secret prisons: lawmaker
Archaeologist says he found oldest Hebrew writing
Israel demolishes dozens of West Bank shacks
Taliban attack in Afghan govt building kills five
Israel sets election date of Feb. 10
Five killed in Afghan capital suicide attack: police
US dress-up fest Halloween hit by political correctness
Syrian crowd protests US raid amid heavy security
McCain shows defiance, five days from election
ExxonMobil profit surges to record 14.8 billion dollars
US officials' hopes for Iraq security deal fade
American Express to slash 10 pct of worldwide workforce
McCain shows defiance, five days from election
US embassy shut as Syrians protest over deadly raid
US economy shrinks 0.3 percent
Google's version of Wikipedia goes multi-lingual
Netflix-TiVo alliance to stream online movies to televisions
AOL.com rolls out homepage redesign
Beatles getting new life in custom videogame
US economy shrinks, Japan unveils stimulus
Intel invests 11.5 mln to help develop Taiwan 4G network
Phillies reign over Tampa Bay in Baseball World Series
Forbes rich list: Financial turmoil hits China's super-wealthy
Shivering teacher tells class about climate change
US economy shrinks, Japan unveils stimulus
Pakistan has no alternative to taking IMF money-adviser
Pakistan's fiscal deficit 1 pct of GDP in Q1
India's ONGC Q2 profit slides six pct, hit by fuel subsidies
India inflation falls below 11 pct, more easing seen
Sri Lanka to allow rupee 'greater flexibility' to boost exports
Japan's Mazda, Mitsubishi Motors cut forecasts on crisis
Nigeria cuts oil exports
Nintendo bucks industry gloom with rising profits
LUKOIL slashes 2009-2011 capex plan on oil price
Nintendo cuts annual profit forecast on strong yen
Director Mendes tapped to film 'Preacher' comics
Fresh from Iraq success, Petraeus takes on Afghanistan, Iran
McCain shows defiance, five days from election
In the hands of Afghanistan's Taliban, life is cheap
Computer makers recall 100,000 Sony batteries
Pakistan soldiers bring aid to quake survivors
Afghan famine greater risk than Taliban: British think-tank
Ecuador alleges 'clear' signs of CIA infiltration
US asks China to review Tibet policies
MySpace poll shows Internet generation favors Barack Obama
EA posts hefty loss, to cut 540 jobs
Hong Kong watchdog may sue banks over Lehman mini-bond sales
Rebels poised as EU mulls sending troops to DR Congo
Antarctica feeling the heat too, says study
BBC chief quits, star presenter suspended over offensive prank
Antarctica feeling the heat too, says study
Bank of Japan cuts key interest rate
S.Korean won posts biggest weekly gain in 11 yrs
Seoul shares up 2.6 pct, post biggest weekly gain
Philippine stock index soars 4.6 pct
Japan's Mizuho lowers forecasts on stock declines
Japan inflation slows, bolsters rate cut hopes
Oil prices extend losses in Asian trade
Toyota says it will reopen US plants to ship to Mideast
NZ dollar nudges lower as risk returns, bonds dip
Minister: Japan ready with money for IMF bailout
Seoul shares extend gains, up 4 percent
Nazi leader's grandniece, Jewish woman find peace
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01