1657 IST, Thursday, May 23, 2013 
Business/Industry
India to grow 6 percent in current fiscal: S&PIndian Express
Indian economy is projected to grow by 6 per cent in the current fiscal while growth is expected to be steady in most of the Asia Pacific economies, global rating agency Standard & Poor's said today. |
Government okays FDI proposals worth Rs.262 crore
The government said it has approved 17 FDI (foreign direct investment) proposals amounting to Rs.262.55 crore |
Now a Shariah Index for financial inclusion of Indian MuslimsBy Rohit Bansal
Followers of Islam, the second largest faith in the world with an estimated 1.7 billion believers, can now be surer when an Indian firm stands the pre-requisites for observant Muslims. The Shariah index launched by the Bombay Stock Exchange (BSE) is a new measure in town, assuring compliance with the Islamic canonical law.
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India okays IKEA's Rs.10,500 crore investment proposal
The Indian government approved the Swedish furniture firm IKEA's Rs.10,500 crore investment proposal in single brand retail business. |
A broader 'Shariah' index for compliant Indian stocksBy Quaid Najmi
The Bombay Stock Exchange (BSE) has become the first in the country to launch a unique index for equities that follow the tenets of Islam - the S&P BSE 500 Shariah Index - comprising 500 largest compliant stocks that trade on the bourse. |
NIMZ to change face of country: Anand Sharma
A National Investment and Manufacturing Zone (NIMZ) will change the face of the country, Commerce and Industry Minister Anand Sharma said. |
Bounceback time, says PM's councilHindustan Times
India's gross domestic product (GDP) is set to grow at 6.4 percent in 2013-14, the Prime Minister's Economic Advisory Council (PMEAC) said in a forecast, signalling a swift turnaround in Asia's third largest economy from decade-low of 5 percent in the last fiscal year. With inflation coming down more than expected, the mood has shifted. |
'Tourism to rise with visa on arrival for groups'
Inbound tourism in India will grow at least by 25 to 35 percent with the government's decision to allow visa on arrival for international tourist groups, said a travel industry official . |
More reforms coming in 2-4 months: Chidambaram
Finance Minister P. Chidambaram ruled out the possibility of early elections and said the government will take more reform initiatives in the next two-four months in a bid to boost economic growth and contain deficit and inflationary pressure. |
Infusing life into India's long forgotten artBy Nivedita
It is tough to give a modern look to India's age-old fabrics and crafts, but the joy of giving a new life to "forgotten" art forms is incomparable and "satisfying", says fashion industry veteran Niki Mahajan, who is reviving the dying Lucknowi craft of Mukaish Badla. |
India has been one of the fastest growing free-market democracies in the world even in the wake of one of the worst economic crises in six decades. Its $1.2 trillion economy is expected to have grown 6-7 percent during the fiscal year ended March 31, 2009. This growth has come on the back of nearly 9 percent expansion over the past four years. 
