On Friday, Finance Minister Pranab Mukherjee replied to the concerns of government’s critics. The IIP (Index of Industrial Production) growth figures for December and January came in handy to the FM.

Retail investors and institutions have not given a very excited response to the offer of disinvestment of NDMC. It is now being speculated that government of India’s proposed target of revenue from disinvestment in the year 2009-2010 may fall short by about Rs. 2400 crores.
This is being feared in the light of the fact that [...]

“With better food production inflation will die down,” said chief Economic Advisor Mr. Kaushik Basu. He speculated that the good crop will reduce inflation by April.
He said, “Food inflation is high, it’s a concern. My own expectation is by April-May, the base effect would have gone.” He added that the current fall in the prices [...]

Infrastructure is a major driver for India’s economic growth. The industry’s growth is deterred by poor project management practices leading to time delays, resource shortages and cost overruns. According to a study conducted by KPMG and Project Management Institute, “Of the 1,035 infrastructure sector projects completed during April 1992-March 2009, 41 per cent faced cost [...]