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The fall in the crude oil production and retardation in the productivity of other products backed out the development of six key infrastructure businesses to 5.3% in June 2007 as compared to 7.7% a year ago.

In the April-June quarter (2007), the growth of the six infrastructure industries recorded dim growth at 6.9% from 7.4% in the first quarter of 2006-07.

Amongst the six, crude oil fabrication slumped to 2,774,000 tons in June, 1.8% lower than 2,826,000 tons a year ago.

According to technical analyst, Prakash Gaba that India Ce

New Delhi: In order to speed up agriculture sector growth, the government sanctioned two major plans with a total disbursement of over Rs 29,800 crore.

New Delhi: For the week ended August 4, inflation turned down to 4.05 per cent as against to 4.45 per cent in the last week because of lower prices of poultry chicken, moong, fruits, vegetable and some man-made things.

The wholesale prices-based inflation was 5.08 per cent in the matching week of the last year. During the week, the prices of vegetables, fruits and poultry chicken slumped by five per cent each, whereas those of moong and fish-marine descended by one per cent.

The Industrial Development Bank of In

New Delhi: In a report, global consultancy firm KPMG stated that Indian Banks and some other Asia-Pacific countries should perk up their staff abilities to control money laundering actions as training programmes are fairly unsophisticated and laws outdated.

According to a worldwide study by KPMG Forensic, “Respondents across Asia-Pacific tell us that training in many parts of the region is relatively unsophisticated, reflecting outdated legislation and lack of regulatory pressure.”

The study mentioned that 17 per cent of the responders in the area alleged they give training in anti-money laundering (AML) actions to below 40 per cent of their employees.