Q1 of China's GDP shows decline and inflation risingApr 4, 1:05 pm
Beijing, Apr 3 (ANI): A senior Chinese government official has said the administration is focused on stable economic growth, even as the nation continues to face challenges. Zhang Xiaoqiang, Deputy Director of the National Development and Reform Commission, said that the GDP rate might have reduced down to 8.4percent which could affect the country's economic progress in this year.The China Daily, quoted him, as saying, that the primary catalyst for inflation was the consumer's prince index which might increase to 3.5 percent year-on-year in the first quarter.Speaking at a lunch session in Boao, Zhang said, "Stable growth has been set as the tone for 2012 by the government in the context of the uncertainties and challenges of the world economy."A report relating on government work submitted by Premier Wen Jiabao last month has revealed that the country will track down its growth target in the year 2012 to an eight-year low of 7.5 percent and will hold the CPI target till about four percent.Jiaboa, who was on three-day inspection trip to Guangxi Zhuang and Fujjan provinces, further said that inspite of the relapse of few major economic indicators, China's economic growth will not be hampered and confidence level must be continued in the country's economic activities as the government predicts the execution of its macro controls.Zhang emphasized China will continue to develop its investment status and strengthen cooperation with other Asian countries.Zeng Peng, Vice Chairman, Board of Directors Boao Forum Asia, said Asian countries need to come together to "play a positive role in global economic governance" and reflect Asia's common interests.Montek Singh Ahluwalia, the deputy Chairman of India's Planning Commission, drew attention towards to global economic threats such as the eurozone debt crisis, currency risks and oil prices.(ANI)
Japan's Kyosan join hands with TSTS to cater to Indian market May 27, 10:46 pm
Bengaluru, May 27 (ANI): With an aim of expanding its business in India and neighbouring countries, Kyosan Electric Manufacturing Company Ltd, Japan, last year acquired 36 percent shares in TVM Signalling and Transportation Systems Pvt. Ltd. (TSTS) based in Karnataka's Bengaluru city.Full Story »
Brands and Bloggers Meet, first of its kind event in Delhi May 27, 4:39 pm
New Delhi, May 27 (ANI-Businesswire India): Team Lamhe, in association with Neuz Saloon, hosted the Brands and Bloggers Meet on Thursday (May 26) at Ardor Lounge, Connaught place. The best of both worlds - Fashion and Lifestyle - graced the event, with 17 brands showcased in the presence of Delhi's top 30 fashion and lifestyle bloggers!Full Story »
FSSAI advised to come up with standards for fortification of food grains: Consumer Affairs, Food and Public Distribution Ministry May 27, 4:19 pm
New Delhi, May 27 (ANI): The Ministry of Consumer Affairs, Food and Public Distribution together with Union Ministry of Health and various other ministries have assigned the mandate to Food Safety and Standards Authority of India (FSSAI) to come up with standards for fortification of food grains such as wheat flour, rice which will add to the nutrient value of food intake, a top government official said at an ASSOCHAM event in New Delhi.Full Story »
Sensex, Nifty ends posting super gains; SBI up 9 pct May 27, 4:19 pm
New Delhi, May 27 (ANI): The market on Friday ended with super gains boosted by index heavyweights as the Sensex closed up 286.92 points or one percent at 26653.60, and the Nifty was up 79.90 points or 0.9 percent at 8149.55.Full Story »
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