NATIONAL 'India's growing public debt squeezing out investment'
Bangalore: World Bank (WB) on May 22 warned India's growing public debt was squeezing out investment, making it difficult to achieve the targeted annual eight per cent economic growth.
Govt fixes export target at 12 pc to reach $57.88 bn
New Delhi: Government on May 22 pegged the export growth target for merchandise goods at 12 per cent, which will translate into $ 57.8 billion exports in 2003-04 as against $ 51.7 billion last year.
SENSEX moves further down during morning trading
Mumbai: The SENSEX opened marginally lower and moved further downwards in line with continued weak trend in frontline IT stocks during morning trading on the Bombay Stock Exchange (BSE) on May 22 on fresh selling pressure.
EPFO sub-committee recommends 8 to 9 pc interest
New Delhi: Yielding to constant pressure from the Finance Ministry to lower the present 9.5 per cent interest on Employees Provident Fund (EPF), the sub-committee of the Employees Provident Fund Organisation (EPFO) has recommended eight to nine per cent interest.
India soon to become a developed economy: Premji
Bangalore: Azim Premji, head of Wipro group, said on May 21 that the country would soon achieve the status of a developed economy and this will be made possible by the development and deployment of right talent in the public and private services.
INTERNATIONAL WTO must give importance to developing world: Abbot
Geneva: Admitting that the World Trade Organisation (WTO) was tilted towards the developed world, the multilateral trade body's deputy director general Roderick Abbot said issues of concern to developing countries should be given due importance.
