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Credit growth is slackening, but it is unlikely to have much of an impact on the economic growth, with alternative channels, including foreign inflows, expected to fuel many sectors of the economy.


The World Bank on Thursday approved USD 13 million to modernise the road network of North Indian state Mizoram.

Forex dealers said weaker Asian currencies against the US dollar and demand for the greenback from importers weighed down the Indian currency's sentiment.

Gujarat will establish 12 new industrial hubs in the next 5-6 years and expects the private sector to play a leading role in facilitating the process.

During July 2009-June 2010, India recorded the world's maximum number of theft cases in retail stores and malls causing a revenue loss of a whopping Rs 1,040.11 crore.
The public offerings of navratna companies Steel Authority of India, Indian Oil Corporation and Oil and Natural Gas Corporation will hit Dalal Street early next year.
Under the Production Sharing Contract, an explorer has the freedom to discover the market price by inviting bids from consumers in a transparent arms-length manner.

The Union home ministry has issued a set of guidelines making it clear that non- technical jobs would be reserved only for Indians.

Food inflation declined to 15.53 per cent for the week ended October 9, on improved supplies and declining prices of certain vegetables, especially, potato.

Satyam founder B Ramalinga Raju says although he inflated accounts, he never fraudulently tried to appropriate money from the IT company.

Forex dealers said dollar's gain against other Asian currencies weighed on the Indian rupee, but inflow of capital by foreign funds restricted its losses.

The Indian rupee had depreciated 6 paise to Rs 44.42 a dollar in the opening trade, weighed down by dollar's gain against other Asian currencies.

The CII Business Confidence Index for October-December 2010 fell by 1.4 points to 66.2, compared to an increase of 1.5 points during the April-September period.