| RBI unable to arrest rapid fall in rupee...who else can? God save rupee!!! |
| Moses Harding/17;53,May 22,2012 |
| The expectation of shift into pro-growth monetary stance, on the back of accelerated rupee weakness beyond downtrend in crude oil price is not relevant now. RBI will continue to see inflation as major risk to growth. |
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| India's growth will remain subdued in FY13: OECD |
| India Infoline News Service/17;52,May 22,2012 |
| India’s economy will expand by 7.3% in the year ending March 31, and 7.8% the following year, the OECD said in its latest global economic outlook. |
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| Global growth will moderate to 3.4% in 2012: OECD |
| India Infoline News Service/17;50,May 22,2012 |
| The US was expected to continue to benefit from easy credit conditions and ultra-loose monetary policy, with the world's biggest economy forecast to grow 2.4% this year and 2.6% in 2013 |
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| OECD cuts GDP forecast for debt-stricken eurozone |
| India Infoline News Service/17;48,May 22,2012 |
| The OECD sees eurozone GDP shrinking by 0.1% this year, down from its previous forecast of growth of 0.2%. It sees growth of 0.9% in 2013, down from its previous outlook of 1.4%. |
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| Fitch downgrades Japan to 'A+'; Outlook negative |
| India Infoline News Service/17;47,May 22,2012 |
| Japan's gross general government debt is projected to hit 239% of GDP by end-2012, by far the highest for any Fitch-rated sovereign. |
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| Global slowdown, euro crisis hurting Indian economy: FM |
| India Infoline News Service/17;46,May 22,2012 |
| A number of steps have been taken to augment the supply of foreign exchange to stem the rupee's decline, the Finance Minister said, adding that measures have also been announced to increase FDI. |
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| GST to make goods & services more competitive: FM |
| India Infoline News Service/17;45,May 22,2012 |
| The Finance Minister said that for the consumer, the biggest advantage of the GST would be its transparent character as well as the reduction in the overall tax burden on goods which is currently in the range of about 25-30%. |
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