Indian Economy News
India running short of product managers,technical architects: Survey
Indian software product development companies are currently witnessing a dearth of product managers and technical architects, according to a study.
India currently has around 800 product managers and 2,500 technical architects though the demand for the same was three times more, according to Pari Natarajan, CEO of Zinnov, a consulting firm which has released the results […]
India May Ask Banks to Lower Home Loan Interest Rates
Finance Minister Palaniappan Chidambaram said Indian banks should consider lowering rates on some housing loans while the central bank maintains high borrowing costs to curb inflation.
The government may ask banks to lower interest charges on housing loans of up to 2 million rupees ($50,000), Chidambaram said at a conference in New Delhi today. The Reserve […]
US pushes India on nuclear deal
NEW DELHI: The United States on Wednesday urged India to quickly complete all steps required to conclude a civilian nuclear technology deal with Washington before the US presidential polls in November.
“Time is very tight” to get the deal through the US Congress before the United States goes into election mode, US Assistant Secretary […]
Taxpayers may gain up to Rs 44,000 per year
The increase in tax slabs in undoubtedly great news for the salaried. The news gets even better for those in the higher tax brackets. The adjustment for the income tax slabs has been done in such a way that people in the high income category – say above Rs 2.5 lakhs per annum - stand […]
Summary of the Union Budget, 2008-09
The following summary of the Union Budget, 2008-09 was released by the Press Information Bureau.
Rs. 60,000 crore debt relief package benefiting four crore farmers, increase in spending on social sector schemes and relief to income-tax payers are some of the highlights of the Union Budget for 2008-09.
Presenting the budget in […]
Infrastructure is key to 9% growth
While stating that 9% GDP growth projection can be achieved only if infrastructure deficit can be overcome, the government on Thursday said that challenges in the sector range from land acquisition, environment, financing and designing contracts, and regulation.Another prerequisite is to develop appropriate financing mechanism and evolving a debt market for investment in infrastructure.
The government […]