“The GDP growth for the March quarter is expected to remain soft at 4. 8 per cent, due largely to a reduction in government spending, but we are hopeful that the lower interest rate environment and improving investment should result in better growth numbers from the June quarter,” Prior-Wandesforde said in a research note.

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MUMBAI: Slowdown in the economy and higher cost of funds has resulted in listed commercial banks showing a 51% rise in bad loans in the fiscal year 2012-13 over the previous year.

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NEW DELHI: A research unit of the ratings agency Moody’s has said it was not sure if the Indian economy had bottomed out, and blamed the slowdown in investments on a ‘disturbing antibusiness tinge’ of the government.

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On poor response, Govt moves away from PPP model for roadsTo fund development of 6,700 km of roads this fiscal;.

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What followed the next five years is, however, a sordid saga of how political interference, wrong policy decisions, and inability to keep pace with changes in one of the world’s most vibrant telecom markets has compelled this once ‘most valuable Navaratna’ company now into seeking a bailout.

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Lapse ratio is the proportion of policies where renewal premium was not paid. The Life Insurance Corporation has, however, maintained lapse ratios at 4-5 per cent over the last few years.  Clubbing private players and LIC, investors didn’t renew a total of 160 lakh traditional insurance plans of the value of Rs 1. 9 lakh crore (total sum assured) in 2011-12, registering a two-fold jump from 2008-09.

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Opening up the prospects of export of shale gas to energy-starved India, the US on Saturday granted conditional authorisation to export domestically produced liquefied natural gas (LNG) to nations that do not have Free Trade Agreement (FTA) with it.

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Poor’s reaffirmed its ‘negative’ outlook on India’s BBB- sovereign rating with a one-in-three chance of a downgrade over the next 12 months, indicating that the recent improvement in India’s macro fundamentals has not altered its year-old view.

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Citing cautious private sector and relatively high inflation, the global rating agency also said that the country is struggling to boost investment and economic growth.

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