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Annual plan outlay fixed at Rs 17250 crore
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The Planning Commission on Friday fixed the Odisha government's annual plan outlay for 2012-13 at Rs 17,250 crore, official sources said.
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Annual plan for Odisha finalized
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The Planning Commission on Friday cleared Rs 17,250 crore plan outlay for 2012-13 for Odisha, which is 13.4% higher than the previous fiscal.
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Inflation pressure may re-emerge in India: Morgan Stanley
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India faces a very high risk of a return to rising inflation with the government continuing with its spending spree and the central bank easing liquidity,
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Odisha records a growth of more than 22% in revenue performance
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With 103% achievement in Revenue Collection in the year 2011-12, Odisha has recorded a growth rate of 22.66 % in Revenue Performance over last year.
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Mamata wants Central grant to tackle debt
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Hardening her stance on the issue of restructuring the state's huge debt, chief minister Mamata Banerjee, prior to her departure for Delhi, said the Centre must give additional grants to wipe out Bengal's debt, apart from allowing a three-year moratorium on repayment of the state's existing debt and interest.
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Odisha CM to arrive in New Delhi tomorrow to finalise plan outlay, NCTC meet
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Odisha Chief Minister Naveen Patnaik to arrive in New Delhi tomorrow. On May 4 Chief Minister will meet Deputy Chairman of Planning Commission, Montek Singh Ahluwalia to finalise Plan outlay of the state for the current fiscal. On May 5, he will take part in the Chief Minister"s meeting on NCTC on May 5.
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India Inc may give a mere 10% salary increment in the new financial year
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Increments for the new financial year will be lower than last year as companies continue to battle a poor economic environment. Double-digit increments are history, with a raise of 10% becoming the norm across sectors.
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‘Implement 2nd generation reforms to shield growth’
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The Indian government must implement second generation reforms to ensure that growth momentum is sustained and it should deregulate fuel prices to restore its fiscal health, a top Asian Development Bank (ADB) official said
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Weak rupee boosts NRI remittance to new high
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A weak rupee is encouraging non-resident Indians (NRIs) to remit funds home and take advantage of the favorable exchange rate. Also, given that the rupee has fallen almost 18% in eight months Indian assets look considerably cheaper to NRIs.
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Cabinet okays weak banking bill
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A day after finance minister Pranab Mukherjee spoke of speeding up reforms, the Union Cabinet approved a watered down Banking Bill, strengthening the perception that the government had diminished appetite
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75 pc growth in Excise dept revenue collection
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The Excise department has collected revenue to the tune of Rs 115,63,61,625 in the last financial year 2011-12, registering a stiff growth of 75.15 per cent compared to last year.
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Govt may go easy on FIIs, but not on Vodafone
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Amid pressure from international investors, the finance ministry is planning to provide a lifeline to angry foreign institutional investors by keeping them outside the proposed
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S&P cuts India's outlook from stable to negative; markets hit
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Ratings agency Standard & Poor's on Wednesday cut India's outlook to negative from stable, citing its large fiscal deficit and expectations of only modest progress on reforms given political constraints, battering stocks, bonds and the rupee.
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S&P’s action provides timely warning: Pranab
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Terming Standard and Poor’s decision to lower India’s credit rating outlook to negative as a “timely warning”, the Finance Minister, Mr Pranab Mukherjee,
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Govt plans special investment region at Becharaji
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The Gujarat government is all set to establish a new special investment region (SIR) near Becharaji, which became famous after Maruti decided last year to put up its new manufacturing unit with an investment of Rs 4,000 crore.
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Amarinder warns against package sans fiscal discipline
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Punjab Pradesh Congress Committee (PPCC) president Amarinder Singh today cautioned the Centre against bailing out the Akali-BJP government's "financial profligacy" in the state without seeking counter-guarantees
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Groundnutseed and its oil fall
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The prices of groundnutseed and its oil fell today on weak demand from stockists, while RBD palm oil remained steady today on scattered demand, traders at the Bombay Commodity Exchange
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Corporates got tax sops worth Rs 88,263 cr: CAG
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Tax exemptions cost the Government Rs 1,38,921 crore in revenues in 2010-11, says a CAG report on direct taxes. Of this, the lion's share went to the corporate sector.
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Mixed trend in Wholesale sugar prices
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A mixed trend was witnessed in Wholesale Sugar prices today, traders at the Bombay Sugar Merchant Association (BSMA)
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Pranab asks sugar sector to improve productivity
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Union Finance Minister Pranab Mukherjee has said that sugar plays a very significant role in India?s agricultural and industrial economy and hence latest technology should be used to increase its productivity.
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GDP: Services sector share rises 59pc
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The share of services sector in country?s Gross Domestic Product (GDP) has risen from 50.4 per cent in 2000-01 to 59.0 per cent in 2011-12 (advance estimates).
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US wants better India-Bangladesh economic ties
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The US wants better trade and economic relations between India and Bangladesh through the northeastern region which has "huge scope of progress in future",
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Tax law change may yield Rs.40,000 crore: Government
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The proposed retrospective changes in the income tax law that seeks to bring overseas transactions involving Indian assets into the tax net is likely to yield around Rs.40,000 crore (USD 9 billion) to the exchequer, Minister of State for Finance
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NCAER study on impact of Delhi airport on economy
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Delhi International Airport Ltd (DIAL) has contributed 0.45 per cent to the Gross Domestic Product of India and 13.53 per cent to Delhi's Gross State Domestic Product (GSDP) in 2009-10.
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Government efforts keeping sugar price stable: Mukherjee
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Union Finance Minister Pranab Mukherjee said Tuesday that the government is using a variety of instruments, including trade policy, to keep prices of sugar stable in the country.
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