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Pranab reacts to revision in GDP growth
New Delhi, May 31 (IBNS) Following is the text of the statement made by Union Finance Minister Pranab Mukherjee on 'Revision in GDP Growth for 2011-12' and fourth quarter GDP estimates:"The, Ministry of Statistics and Programme Implementation has released the revised estimates of national income for the financial year 2011-12 and the quarterly estimates of Gross Domestic Product (GDP) for the fourth

Economy growth drops sharply at 5.3 pc
New Delhi, May 31 (IBNS) The Indian economy grew at a slow rate of 5.3 per cent in the fourth quarter that ended March 2012, against an expected 6.1 per cent and compared to 7.8% in the corresponding period last fiscal.

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Govt to take austerity measures: Pranab
Union Finance Minister Pranab Mukherjee on Wednesday said the government will take some austerity measures to ensure fiscal consolidation.

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S&P downgrades Spain, calls for EU action

Standard & Poor's on Thursday cut its credit rating on Spain by two notches, citing expectations the government finances will deteriorate even more than previously thought as a result of a

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UK slides into second recession
The British economy has fallen back into a second recession since the 2009 financial crisis, unexpectedly contracting during the first three months of the year, official figures showed on Wednesday.

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GDP slowdown disappointing: Pranab

New Delhi, Apr 17 (IBNS) Union Finance Minister Pranab Mukherjee on Tuesday said the slowdown of Gross domestic product (GDP) growth is 'disappointing'.

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India was also affected by glo...
India was also affected by global financial crisis: Pranab

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