Tag «economy»

Government is Making Every Effort for Turnaround of the Economy and Creating Investor Friendly Climate – Finance Minister

The Union Finance Minister Shri P Chidambaram has said that the Government is making every effort for turnaround of the economy and creating investor friendly climate. He further stated that external sector vulnerabilities are affecting the Indian economy because of the rapid globalization of the economy.  Shri Chidambaram was delivering this inaugural address at the Delhi Economics …

European consumers do not expect rapid economic recovery

Findings of the GfK Consumer Climate Europe and USA for the third quarter of 2012 Nuremberg, 16 October 2012 – In the summer months, the European Union (EU) struggled with new sources of uncertainty. First, the interest rates for Spanish and Italian bonds shot up. Second, it was unclear for some time whether Germany would …

What will happen to Bengal?

“Dada, amader Bengal er ki hobe”? (What will happen to Bengal) ask haggard businessmen, (read Marwari businessmen) with anxiety writ large on their faces, wherever I go these days. And the reasons are not far to seek. The treasury is empty with the state hovering dangerously near bankruptcy.  The Government has walked out of the …