The United Nations Conference on Trade and Development (UNCTAD) released its annual world investment report-2009, which analyses the latest trends in foreign direct investment and has a special focus on agriculture.
The Trade ministry in a new policy move announced new liberalised Foreign Direct Investment norms for Micro and Small enterprises (MSEs) replacing the 24 per cent ceiling on foreign holding with sectoral caps.
Following the global pattern of releasing the inflation data on the monthly basis, the central government has also starting doing so by releasing the headline inflation data on a monthly basis for most of the items tracked by the wholesale Price Index (WPI).
During the financial year 2008-09, India’s Information Technology sector growth rate has gone down to single digit. According to the Central Statistical Organisation (CSO), growth rate may well be 9 percent.
According to the report submitted by Prime Minister’s Economic Advisory Council, the country’s economy may grow by 6.75 per cent this year despite bad monsoon affecting agricultural sector output.