economic affairs

Why is minority UPA in hurry over FDI in retail: Trinamool


September 21st, 2012 - 12:45 pm ICT by IANS
Kolkata, Sep 21 (IANS) The Trinamool Congress Friday called it "unethical" on the part of the minority United Progressive Alliance (UPA) government to notify FDI in retail, and wondered why ... Read more...

Posted in Politics |

Air India gets second Dreamliner, plans to start new routes


September 19th, 2012 - 8:08 pm ICT by IANS
New Delhi, Sep 19 (IANS) Air India Wednesday received its second Boeing 787 Dreamliner as it firmed up plans to open new international routes using the aircraft to destinations in ... Read more...

Posted in Business |

India allows FDI in multi-brand retail


September 14th, 2012 - 7:31 pm ICT by IANS
New Delhi, Sep 14 (IANS) Just a day after announcing the steepest ever hike in diesel price, the government Friday took another politically contentious decision of allowing overseas investments ... Read more...

Posted in Business |

Aviation stocks rally on CCEA meet clearing FDI in airlines


September 14th, 2012 - 4:33 pm ICT by IANS
New Delhi, Sep 14 (IANS) Aviation stocks rallied Friday as the cabinet committee on economic affairs (CCEA) is set to take up a proposal to allowing foreign airlines ... Read more...

Posted in Uncategorized |

Japan’s new envoy to China faints on Tokyo street


September 13th, 2012 - 1:59 pm ICT by IANS
Tokyo, Sep 13 (IANS) Japan's newly appointed Ambassador to China Shinichi Nishimiya fell unconscious Thursday morning on a street in Tokyo, police said, adding that the sudden fainting was caused ... Read more...

Posted in World |

Air India’s Dreamliner to be in service from Sep 19


September 12th, 2012 - 10:15 pm ICT by IANS
New Delhi, Sep 12 (IANS) National carrier Air India Wednesday said it plans to deploy its newly-acquired Boeing 787 Dreamliner in service from Sep 19, with the first commercial flight ... Read more...

Posted in Business |

Government inks production sharing contract for 5th oil block


September 10th, 2012 - 6:59 pm ICT by IANS
New Delhi, Sep 10 (IANS) The government Monday signed a production sharing contract (PSC) for the fifth oil block it had awarded on Aug 28, 2012."PSC for the block (MB-DWN-2010/1) ... Read more...

Posted in Business |

Air India’s first Dreamliner arrives after 4-year wait


September 8th, 2012 - 8:56 pm ICT by IANS
New Delhi, Sep 8 (IANS) Amidst much fanfare, Air India's first Boeing 787 Dreamliner arrived in the national capital Saturday, ending a four-year wait.Air India is the fifth airline to ... Read more...

Posted in Business |

Tribal students to benefit from new central scheme


September 6th, 2012 - 10:59 pm ICT by IANS
New Delhi, Sep 6 (IANS) About 22 lakh tribal students will benefit from a new centrally sponsored scheme for pre-matric scholarships for scheduled tribe students in Class 9 and 10 ... Read more...

Posted in Business |

Chidambaram gets into African Development Bank


August 24th, 2012 - 8:57 pm ICT by IANS
New Delhi, Aug 24 (IANS) Finance Minister P. Chidambaram has been appointed India's governor on the board of governors of the African Development Bank, an official statement said Friday.Chidambaram ... Read more...

Posted in Business |

India expects to induct first 787 Dreamliner this month


August 19th, 2012 - 4:24 pm ICT by IANS
New Delhi, Aug 19 (IANS) Air India hopes to induct the first of its new Boeing-787 Dreamliners by this month-end as the aircraft has received regulatory clearances to fly to ... Read more...

Posted in Business |

Finish probe in three months, Kerala court says


August 8th, 2012 - 6:40 pm ICT by IANS
Kochi, Aug 8 (IANS) The Kerala High Court Wednesday directed the government to ensure that the probe against former chief minister V.S. Achuthanandan's son in an alleged land deal ended ... Read more...

Posted in Uncategorized |

Infrastructure projects bottlenecks to be removed: Chidambaram


August 6th, 2012 - 7:27 pm ICT by IANS
New Delhi, August 6 (IANS) The Cabinet Committee on Economic Affairs (CCEA) will remove bottlenecks for quicker implementation of infrastructure projects, union Finance Minister P. Chidambaram said here Monday. ... Read more...

Posted in Business |

Government to boost insurance and mutual fund industry


August 6th, 2012 - 6:18 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said that the government will announce a number of decisions in the next few weeks to boost the mutual ... Read more...

Posted in Business |

Purchase price for pulses hiked


August 3rd, 2012 - 11:14 pm ICT by IANS
New Delhi, Aug 3 (IANS) Farmers will get a better price for their produce after the government hiked the minimum support price (MSP) for pulses like arhar (tur) ... Read more...

Posted in Business |

Cabinet approves delivery of 27 B-787 aircraft to Air India


August 3rd, 2012 - 9:53 pm ICT by IANS
New Delhi, Aug 3 (IANS) The Cabinet Committee on Economic Affairs Friday approved a Ministry of Civil Aviation proposal allowing Air India to take delivery of 27 B-787 aircraft ... Read more...

Posted in Business |

Arvind Mayaram appointed economic affairs secretary


July 26th, 2012 - 7:30 pm ICT by IANS
New Delhi, July 26 (IANS) Arvind Mayaram, a 1978 batch officer of the Indian Administrative Service, will succeed R. Gopalan as economic affairs secretary at the end of this month.The ... Read more...

Posted in Business |

Air India to seek compensation for Dreamliner delay


July 25th, 2012 - 8:36 pm ICT by IANS
New Delhi, July 25 (IANS) A ministerial panel headed by Home Minister P. Chidambaram Wednesday approved the compensation demand made by Air India from US planemaker Boeing for delay ... Read more...

Posted in Business |

Government to sell 10.82 percent stake in SAIL


July 20th, 2012 - 2:56 pm ICT by IANS
New Delhi, July 20 (IANS) The government has decided to sell 10.82 percent stake in the Steel Authority of India Limited (SAIL) through auction, which is estimated to fetch ... Read more...

Posted in Business |

Government steps up effort to boost inland waterways


July 16th, 2012 - 11:12 pm ICT by IANS
New Delhi, July 16 (IANS) To promote private investment into inland waterways, the central government Monday constituted a committee which will identify new areas for attracting funds and private investment ... Read more...

Posted in Business |

Industrial output rises in May but recovery probability low (Second Lead)


July 12th, 2012 - 8:47 pm ICT by IANS
New Delhi/Chennai, July 12 (IANS) India's industrial output grew by 2.4 percent in May as against 0.9 percent contraction in the previous month, led by rebound in manufacturing and electricity ... Read more...

Posted in Business |

Industrial output rises by 2.4 percent in May (Lead)


July 12th, 2012 - 3:30 pm ICT by IANS
New Delhi, July 12 (IANS) India's industrial output grew by 2.4 percent in May as against 0.9 percent contraction in the previous month, led by rebound in manufacturing and electricity ... Read more...

Posted in Business |

FDI in retail at appropriate time: Official


July 5th, 2012 - 8:14 pm ICT by IANS
Chennai, July 5 (IANS) The Indian government has scope to reduce its borrowings while it is waiting for the right political atmosphere to allow foreign direct investment (FDI) in retail, ... Read more...

Posted in Business |

Government to export two million tonnes wheat


July 4th, 2012 - 5:02 pm ICT by IANS
New Delhi, July 4 (IANS) Facing shortage of storage space, the government has decided to export two million tonnes of wheat at a base price of $228 per tonne, ... Read more...

Posted in Business |

Cabinet approves TCIL’s Saudi acquisition


July 4th, 2012 - 4:52 pm ICT by IANS
New Delhi, July 4 (IANS) The Indian cabinet has approved a proposal of the Department of Telecom (DoT) to acquire 60 percent shares of TCIL Saudi Co. Ltd (TSCL) from ... Read more...

Posted in World |

India to export 2 million tonnes of wheat


July 3rd, 2012 - 11:56 pm ICT by IANS
New Delhi, July 3 (IANS) Faced with a shortage of storage space, the Indian government Tuesday approved export of two million tonnes of wheat at a base price of $228 ... Read more...

Posted in Business |

Government assures help to revive mutual fund business


July 2nd, 2012 - 9:28 pm ICT by IANS
New Delhi, July 2 (IANS) The government Monday said it would work in association with market regulator Securities and Exchange Board of India (SEBI) to help revive the mutual ... Read more...

Posted in Business |

RBI to notify steps to revive economy, rupee: Mukherjee (Lead)


June 25th, 2012 - 3:35 pm ICT by IANS
New Delhi, June 25 (IANS) Finance Minister Pranab Mukherjee said Monday the Reserve Bank of India (RBI) would announce measures later in the day to help revive the battered ... Read more...

Posted in Business |

Measures to improve market conditions Monday: Pranab (Lead)


June 23rd, 2012 - 6:44 pm ICT by IANS
Kolkata, June 23 (IANS) Finance Minister Pranab Mukherjee Saturday said he was "concerned, not depressed" over signs of weakness in the Indian economy and announced that the central government ... Read more...

Posted in Business |

We will improve market condition: Pranab


June 23rd, 2012 - 4:46 pm ICT by IANS
Kolkata, June 23 (IANS) Finance Minister Pranab Mukherjee Saturday said he was concerned over signs of weakness in the Indian economy and announced that the central government would soon ... Read more...

Posted in Uncategorized |

Congress hopes all parties will support Pranab


June 15th, 2012 - 8:06 pm ICT by IANS
New Delhi, June 15 (IANS) The Congress Friday expressed the hope that all political parties would support the candidature of the United Progressive Alliance (UPA) presidential nominee Pranab Mukherjee."I ... Read more...

Posted in Politics |

Government postpones urea price hike


June 14th, 2012 - 10:09 pm ICT by IANS
New Delhi, June 14 (IANS) The government Thursday deferred a proposal to hike the retail price of urea by 10 percent for this financial year.The hike was proposed by ... Read more...

Posted in Business |

Three-year extension to criminal tracking network (Lead)


June 14th, 2012 - 6:28 pm ICT by IANS
New Delhi, June 14 (IANS) The union cabinet Thursday approved a home ministry proposal to extend the duration of implementing the crime and criminal tracking network and system (CCTNS) ... Read more...

Posted in Sci-Tech |

Three-year extension to criminal tracking network


June 14th, 2012 - 5:16 pm ICT by IANS
New Delhi, June 14 (IANS) The union cabinet Thursday approved a home ministry proposal to extend the duration of the crime and criminal tracking network and system (CCTNS) project ... Read more...

Posted in Sci-Tech |

Cabinet hikes rice purchase price to Rs.1,280 per quintal


June 14th, 2012 - 3:58 pm ICT by IANS
New Delhi, June 14 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday hiked paddy's minimum support price (MSP) for the 2012-13 kharif crop by Rs 170 per quintal, ... Read more...

Posted in Uncategorized |

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