India Business

Highlights of Economic Survey 2008-09

Highlights of Economic Survey 2008-09New Delhi, Feb28, : Following are some of the key highlights of the Economic Survey 2008-09 tabled by Finance Minister P Chidambaram in Parliament today.

Economy moves decisively to higher growth phase

Economic growth in 2007-08 projected at 8.7 per cent

Overall inflation projected to decline from 5.6 per cent in 2006-07 to 4.1 per cent in 2007-08

Acceleration in domestic investment and savings rates

Buoyant growth in Government Revenues

Investment climate full of optimism

DE Shaw All Set To Invest $250 Mn In Mack Star

Mauritius-based hedge fund DE Shaw Composite Investments (Mauritius) has invested around $250 million in Mack Star Marketing, a group company of realty developer HDIL.

CavinKare Acquires Maa Fruits; To Set Up Plant In North

CavinKareChennai-based FMCG major CavinKare announced that it has forayed into the south by gett

Jalandhar Tumbi and Tabla contributing to India’s musical legacy

Jalandhar, Feb.

Shasun Chemicals Signs Non-Exclusive Agreement With Merck, Stock Up 5%

Shasun Chemicals & Drugs Ltd has signed up a non-exclusive licensing contract with Merck & Co Inc.

Workshop on traditional wood carving in Manipur

Imphal, Feb.

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