Tag: Prime Minister Manmohan Singh

Floating interest rates will come down

December 19, 2008 – 1:27 am

Existing floating home loan customers groaning under high interest rates can look forward to a more cheery New Year. After setting interest rates at 9.25% for new home loans between Rs 5 lakh and Rs 20 lakh, rates for existing home loans will be reduced as the PLR (prime lending rate) comes down. Home minister [...]

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India’s economic growth falls further to 7.6%

November 28, 2008 – 10:56 am

India’s economic growth declined to 7.6% for the second quarter of this fiscal, leaving industry with the hope that policy measures taken over the past month will avert a further fall and help revive manufacturing. The country’s growth was 7.9 percent during the first quarter of the fiscal (April-June) and 9.2% during the second quarter [...]

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Growth may slow down

November 10, 2008 – 5:17 am

MUSCAT:Prime Minister Manmohan Singh on Sunday conceded that economic growth may slow down “somewhat” next year but said the fundamentals of the economy were strong and the banking system was safe and sound. Addressing the Indian diaspora and the business community at two functions on the second day of his two-nation tour, the Prime Minister [...]

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