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Drought conditions curtail economic growth
MUMBAI, MARCH 31.The advance estimates of real gross domestic product (GDP) in 2002-03 is likely to grow by 4.4 per cent as compared with an average growth rate of 5.5 per cent during the Ninth Plan (1997-98 to 2001-02). "The estimated fall in ...
RBI efforts to impart flexibility in bank interest rates
MUMBAI, MARCH 31.The Reserve Bank of India today stated its concerns in the delay in passing on of the soft interest rate measures announced by it to the consumers by the banking system. "The prime lending rates (PLRs) of major banks remained ...
QRs on 69 more items lifted
NEW DELHI, MARCH 31. India today moved one step further towards opening up trade and meeting its commitments to the World Trade Organisation (WTO) by removing quantitative restrictions on 69 more products. Simultaneously QRs on five export ...
GDP growth slips to 2.6 p.c. in Q3
NEW DELHI, MARCH 31.The growth rate of the economy has slipped to 2.6 per cent in the third quarter of the current fiscal (2002-03) against 6.3 per cent in the same quarter of the previous year, confirming apprehensions that the growth in gross ...
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  • Special electronic fund transfer for T+2 system
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