INTERNATIONAL WB warns India on fiscal deficit, slow reforms Washington: World Bank has warned India that its growth prospects are weakened by high fiscal deficits and slow reforms, and the country needs to accelerate poverty reduction efforts, especially in UP, Bihar and MP, to meet the Millennium Development Goals (MDG).
NATIONAL Disinvestment: CGD meet takes up NEPA bid, others New Delhi: Core Group of Secretaries on Disinvestment met on December 11 to scrutinise financial bids for sale of majority stake in newsprint maker NEPA Limited and took up the issue of disinvestment of equity in a slew of companies including Hindustan Salts and National Instruments Ltd.
India to approach WTO on EU favouring Pak New Delhi: India has decided to approach the World Trade Organisation's (WTO) Dispute Settlement Body (DSB) against European Union's (EU) decision to grant duty and quota-free access to Pakistan in textiles even as it said it hopes to resolve the issue mutually through bilateral negotiations.
Draft on privatisation of airports ready: Hussain New Delhi: Ruling out disinvestment of Air India (AI) and Indian Airlines (IA) in the near future, Civil Aviation Minister Shahnawaz Hussain on December 11 said the draft document on privatisation of four metro airports is ready and would be placed before the Union Cabinet for approval soon.
Centre eliciting public opinion on Kelkar report Pondicherry: The Centre has circulated the report of Kelkar Committee on tax reforms among the public for eliciting their comments and opinions, Union Minister for Revenue Gingee Ramachandran said on December 11.
SENSEX ends positively amid volatility at BSE Mumbai: A smart rally in Infosys Tech and SBI aided the SENSEX to end in positive territory in extremely volatile activity on the Bombay Stock Exchange (BSE) on December 11 on alternate bouts of buying and selling by Foreign Institutional Investors (FIIs) and speculators.
WB pegs down South Asia growth rate to 4.6 in 2002 New Delhi: World Bank on December 11 pegged down the overall economic growth prospect of India and other nations in South Asia to 4.6 per cent in 2002, but said it would go up by 5.4 per cent in 2003 and further by 5.8 per cent in 2004.
SENSEX crosses 3,300 mark on select key stocks Mumbai: The SENSEX opened better and rallied past 3,300-level in line with fresh rally in select key stocks at early stages on the Bombay Stock Exchange (BSE) on December 11 on continued purchases by foreign institutional investors (FIIs).
