After becoming the world’s largest manufacturing base and recently overtaking Japan as the second largest economy, China has managed to pull another first. Statistics released today show China for the first time in history overtook the US in investments in...
India is expected to quadruple export duty on iron ore fines from the present 5 percent to 20 percent and from 15 percent to 20 percent on iron ore lumps as it seeks to curb exports, mostly to China, in a budget move that hit domestic producer shares and could push...
Gold is set for its biggest weekly advance this year as unrest in the Middle East, rising inflation and a weakening dollar combined to fuel demand for the yellow metal as an alternative investment. World gold demand grew 9 percent during 2010 to 3,812.2 metric tons,...
As the Indian union railway budget approaches we thought it apt to compare the veins of steel that run through both China and India. Our railways networks heave the weight of both nations, transporting millions of people and tonnes of goods from shores to the inlands....
Key expectations-Budget FY12 – by HDFC bank’s Chief Economist Abheek Barua FY11 fiscal deficit likely at 4.9 percent of GDP Government to announce fiscal deficit close to medium-term target of 4.8 percent of GDP in FY12 ;slippages likely to push ratio to...
