India Business

Economic survey lauds the growth in the industrial sector

New Delhi, Feb 28: Industrial sectorThe Economic Survey 2007-08 says that the 9.2 per cent growth achieved during April to November 2007 by the industrial sector, when seen against the backdrop of the robust growth during the preceding four years suggests that the buoyancy in this sector has continued, though with a degree of moderation.

The first eight months of the current fiscal witnessed a moderate slowdown in the growth of the industrial sector, which has mainly been on account of the manufacturing sector.

The mining and quarrying sector grew at a faster pace, while the growth in electricity remained unchanged from April-November 2006.

Bank credit grows by 21.5 per cent

Bank credit grows by 21.5 per centNew Delhi, Feb 28,: According to the Ec

Bright prospects of growth of tourism in India: Economic Survey

New Delhi, Feb 28 (ANI):tourism in India The Economic Survey 2007-08 has said that the p

Substantial irrigation potential created in the country: Economic Survey

Irrigation SchemsNew Delhi, Feb 28 : Substantial irrigation potential has been created in the country through major, medium and minor irrigation schemes.

The total irrigation potential in the country has increased from 81.1 million hectares in 1991-92 to 102.8 million hectares in 2006-07.

This was stated in the Economic Survey 2007-08 presented in Parliament today by Finance Minister P. Chidambaram.

Irrigation is one of the six components for the development of rural infrastructure under the Bharat Nirman.

Greater focus required on human development in nation’s planning: Economic Survey

New Delhi, Feb 28 : Giving emphasis over the different social sectors, the Economic Survey, tabled today by Union Finance Minister P.

Indiabulls Real Buys 100% Stake In Dev Prop

Indiabulls Real Estate (IBREL) has announced that its board had sanctioned its plan to acquire 100% stake in Dev Property Development in a 138- million-pound sterling (10.9 billion rupees) share-swap deal.

Dev, an entity listed on Alternate Investment Market of London Stock Exchange, is promoted by the Indian property developer and owns stakes in various Indiabulls’ projects in India.

Indiabulls Real Estate will issue its individual shares to Dev’s investors that comprise Farallon Capital, Fidelity, Govt of Singapore and Citigroup.

Dev Property concentrates on investment in commercial realty developments and Information Technology Enabled Services (ITES) and residential real estate developments in Tier 1 cities in India including Mumbai.

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