Wednesday, Oct 19, 2011
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GREAT CHALLENGE TO MEET FY12 DEFICIT TARGET: FM
It will be a great challenge for India to achieve its fiscal target of 4.6% of GDP in the 2012 fiscal year, finance minister Pranab Mukherjee said on Wednesday. Mukherjee said that economic growth would be slower than government projections, highlighting how high inflation, rising rates and global financial turbulence threaten India's economic momentum. "Most of us are expecting India's growth to go down below 8%. This is disappointing," Mukherjee told a news conference. "But if we can, we must not lose perspective of the global situation. There is slowdown all over the world." ALSO SEE 'TOP VIDEOS' BELOW read more |
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| AT A GLANCE |
| BSE | 17085.34 | +337.05 |
| NSE | 5139.15 | +101.65 |
TURNOVER
Rs. 151,463 cr
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BSE CASH
Rs. 2,204 cr
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NSE CASH
Rs. 9,212 cr
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NSE F&O
Rs. 140,047 cr
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| BULLION |
| GOLD | 26594 | +1 |
| SILVER | 52816 | -341 |
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| CRUDE |
| NYMEX | 88.23 | -0.3 |
| BRENT | 110.69 | -0.46 |
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| FOREX |
| $ / Re | 49.15 | -0.14 |
| £ / Re | 77.75 | +0.33 |
| € / Re | 67.842 | +0.13 |
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| EVENTS |
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| 20 October |
 | Oman-India Match Making Trade Event 2011, Hilton, Andheri East, Mumbai |
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| 23 October |
| European Summit, Brussels |
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| 25 October |
| Second Quarter Review of Monetary Policy 2011-12 |
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| 3 November |
| Panel Discussion On 'Effective States, Inclusive Growth, And The Challenges Of Governing India?', New Delhi |
| India Pharma Inc.: Enhancing Value through Alliances and Partnerships, Mumbai |
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| EXPERT VIEWS |
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"Let me not hide the fact that I have been disappointed by our growth components over the last few months. It is evident that India's growth rate in 2011-12 will be less than what we presented in February in the budget. It will be a great challenge for India to achieve its fiscal target of 4.6% of GDP in the 2012 fiscal year."
Pranab Mukherjee
Finance Minister
(On Maruti strike) "The state government has the jurisdiction. They have to act. Not the Central government...Labour department, according to Constitution, is in the concurrent list...which means both the Centre and state governments can enact laws. Whatever law we enact, even their implementation is done by the state government..."
Mallikarju Kharge
Union Labour Minister
"When Indira Gandhi won the Bangladesh war, even Vajpayee (Atal Behari Vajpayee) hailed her as an avatar of Goddess Durga. The late prime minister was a woman who had guts and knew how to rule. Prime Minister Manmohan Singh is an intelligent man, but very mild."
Bal Thackeray
Chief, Shiv Sena
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| WATCH OUT |
 Ministers of Change
This week on the Ministers of Change we start our journey through Maharashtra. We deconstruct its political landscape with Kumar Ketkar of Divya Marathi, Nikhil Wagle of Lokmat and political analyst Suhas Palshikar. We debate if Prithviraj Chavan can save face for a floundering Congress-NCP alliance in the state. And we analyse why one of India's most industrialised states is falling back in the race with Niranjan Hiranandani, Rana Kapoor of Yes Bank, Rajeev Samant of Sula Wines and Vinayak Chatterjee of Feedback Infra
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SHOW TIMINGS
Thur 7:30 pm
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