Maharashtra imposes stock limits on essential items
Mumbai: The Maharashtra Government has imposed, with immediate effect, stock limits on wheat and pulses, according to senior State Government officials. The limits are applicable to wholesalers operating in the urban and rural areas. Wholesaler can stock up to 1,500 quintals of wheat in urban areas and up to 500 quintals in the rural areas. In the case of pulses, a wholesaler in Mumbai, Pune and Nagpur can store a maximum of 2,000 quintals and, in the rest of Maharashtra, up to 1,000 quintals.

This stock control order will remain in force for six months.
Back to News Review index page  

Large FDI expected from US, Japan
New Delhi: Finance Minister Palaniappan Chidambaram said India is expecting new major foreign investments from Japanese and United States firms in the near future. He said sources had informed him that foreign investors in US have lined up India specific funds but did not give any details.
Back to News Review index page  

Jobs outlook turns buoyant
New Delhi: A survey by global staffing firm Manpower Inc has showed that the outlook for India's job market is 'extremely buoyant' in the quarter to December 2006, especially in financial and real estate sectors.

Of the 4,732 employers surveyed in India, 45 per cent expected their headcount to increase while only 3 per cent saw a drop in staffing levels, it said.

Forty-one per cent of employers expected no change and the remaining 11 per cent were unsure of their hiring plans, the survey said.

The optimism shown by Indian employers is reflective of the rapid pace at which the Indian economy is growing. India's economic growth is estimated at 8.4 per cent in the fiscal year to March 2006, and the government expects growth to be more than 8 per cent in this fiscal as well.
Back to News Review index page  

July industrial growth rises to 12.4 pc
New Delhi: India's industrial growth rose to 12.4 per cent in July this year against a 4.7 per cent growth in the same month last year. The spurt came about mainly because of strong pick-up in the electricity and mining sectors. A smart increase in consumer goods output also helped catapult industrial growth in that month.

Electricity and mining sectors clocked growth rates of 8.6 per cent and 6 per cent, respectively, in July this year. In the same month last year, mining output had declined by 1.9 per cent and electricity generation dipped by 0.9 per cent.

The manufacturing sector, which had a weightage of over 79 per cent in the index of industrial production (IIP), recorded growth of 13.3 per cent as against 6 per cent in July 2005.
Back to News Review index page