Inflation rate continues to decline and currently stands at a 10-month low of 6.38%. It stood at 6.61 per cent last week and eased marginally following the decline in prices of almost all primary, manufactured and food articles. The inflation rate touched the peak level of 12.92 per cent in the first week of august, leading to tight monetary policy by the Reserve Bank of India to control price rising.
Vehicle sales witnessed decline in the month of December following the slow demand due to the global financial crisis. Sales of passenger as well as commercial vehicles posted slow growth rate. Maruti Suzuki, General Motors and two-wheeler makers Hero Honda and Bajaj recently released their sale figures which indicate the adverse state of automobile sector in the country.
Bharat Sanchar Nigam Ltd (BSNL) has made announcement about the launching of its ‘Interactive Personalised Television and Video Services’ (IPTV) services in Haryana.
In order to fulfill this initiative, State-run telecom operator (BSNL) has joined hands with Smart Digivision.
IPTV is a system delivering digital content services to subscribers using the Internet protocol over a broadband connection using closed network infrastructure.
Second Fiscal Stimulus package to help labour intensive sectors may be announced in the evening today. The package may help stock markets as it will address the concerns of various sectors and will boost the sentiment. Experts believe that the second package will offer major help to various labour intensive sectors. In addition, the government may announce some ammendments to earlier package announced last month.
CNBC-TV18 has confirmed the reports from PMO sources that a package may be announced after market hours, around 6 pm. Market experts believe that India will be able to maintain a GDP growth above 7%.