Friday, January 1, 2016

NIFTY OVERVIEW 2016


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INDIA FASTEST GROWING ECONOMY

India has emerged as the world's fastest growing economy despite a global economic slowdown and four droughts, the government's Chief Economic Adviser Arvind Subramanian said on Friday.

"Despite declining global demand & 4 droughts, fastest growing economy," he tweeted.

In a series of tweets, the CEA went on to list other major government successes like improvement in spending on agriculture, fiscal consolidation at central and state levels and improvement in indirect tax efficiency.

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INDUSTRY NEWS

STOCK IN NEWS


  1.    China December factory activity shrinks, more stimulus needed in 2016
  2.    IOC to cut diesel, petrol prices from Friday
  3.    India will soon allow duty-free imports of 500,000 T corn - sources
  4.    Cadila Healthcare shares plunge after FDA warns of violations
  5.    India's fiscal deficit reaches 87 pct of full-year target in November