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Early February, the Chinese government announced a plan to cut back its steel production capacity up to a maximum of 150 tonnes annually.
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Finance Minister Arun Jaitley began his speech saying that India was a bright spot in the global economy in these difficult times.
Emaar's offering is not outrageously priced, offers compelling value for end users and has the backing of the region's preeminent master developer, where the Dubai government has a one-third stake.
The IMF projects a recovery in economic growth, from 3.1 per cent year on year in 2015 to 3.4 per cent year on year this year.
Petrol prices will be down 8%, diesel to go up
Eight Islamic countries also plan to boost investment inflows
The domestic diesel price will rise to Dh1.40 from Dh1.37.
The global consultants found that the more tied-in a country is to the rest of the world, the better its economy fares.
Overall consolidated expenditure in the country to contract in 2016.
The rate of tax at five per cent, as recommended by the World Bank and the International Monetary Fund, is modest by global standards, and will not stoke inflation for the common man as vital household expenditure items are exempted from its ambit. These include 100 types of staple food, and other essential service sectors such as healthcare and education.
