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Finance Minister Pranab Mukherjee will review the performance of state run banks for financial year ended March 31 at a meeting with bank chairpersons on August 14 in New Delhi. The finance minister may also evaluate these banks' first quarter results. Mukherjee may also discuss the performance of regional rural banks given the importance the government and the central bank have been giving to financial inclusion and loans to boost agriculture and rural economy.
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Indian manufacturing expansion picked up pace in July, driven by new orders, stronger factory output and rising prices even as hiring stagnated, a survey showed on Monday. The HSBC Markit Purchasing Managers' Index, based on a survey of 500 companies, edged up to 57.6 in July from 57.3 in June when it slipped from a multi-year high. This marked the 16th consecutive month this key index of manufacturing in Asia's third largest economy has been above the 50 mark that divides growth from contraction.
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Shaji George
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| 1 year ago
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Hope this will help the Indian Economy to stay stable or strong rather than creating more gap between haves & have nots..
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Surabhi Sinha
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| 1 year ago
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Shaji even I read few articles stating tht manufacturing is on the top and in good shape !!!
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Trends: "Indian manufacturing output up in sharp; manufacturing rises in July " deleted from your view.
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Indian manufacturing expansion picked up pace in July, driven by new orders, stronger factory output and rising prices even as hiring stagnated, a survey showed on Monday. The HSBC Markit Purchasing Managers' Index, based on a survey of 500 companies, edged up to 57.6 in July from 57.3 in June when it slipped from a multi-year high. This marked the 16th consecutive month this key index of manufacturing in Asia's third largest economy has been above the 50 mark that divides growth from contraction.
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Shaji George
| Commented
| 1 year ago
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Hope this will help the Indian Economy to stay stable or strong rather than creating more gap between haves & have nots..
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Surabhi Sinha
| Commented
| 1 year ago
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Shaji even I read few articles stating tht manufacturing is on the top and in good shape !!!
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Trends: "Indian manufacturing output up in sharp; manufacturing rises in July " deleted from your view.
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2 July 2010: The rupee ended 14 paise lower against the dollar at 46.58/59 on fresh dollar demands from banks. The rupee opened lower at 46.68/69 on 1st July '10 against Wednesday's (30th June) closing level of 46.44/45. It dropped further to 46.79 before ending at 46.58/59. The rupee moved in a range of 46.49 and 46.79 intra-day. The Reserve Bank of India fixed the reference rate for the dollar at Rs.46.68 and for Euro at Rs.56.99. In cross currecny deals, the rupee improved further against the British Pound, but declined against the Euro and the Japanese Yen. - PTI
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