economic affairs

Air India to lease out fuel guzzling 777s


June 12th, 2012 - 4:31 pm ICT by IANS
New Delhi, June 12 (IANS) Air India will lease out some of its fuel-guzzling Boeing 777s to private airlines to save on costs and restructure international operations on receiving the ... Read more...

Posted in Business |

Reselling the India story: road shows kick off in the Gulf


June 9th, 2012 - 9:52 pm ICT by IANS
Dubai/New Delhi, June 9 (IANS) Road shows highlighting India's growth potential to attract sovereign funds and other investors kicks off in five Gulf countries of Saudi Arabia, the United Arab ... Read more...

Posted in Business |

Fund for construction of rural toilets doubled


June 7th, 2012 - 9:38 pm ICT by IANS
New Delhi, June 7 (IANS) Concerned over poor sanitation in rural areas, the government Thursday doubled the amount given for construction of household lavatories from Rs.4,600 to nearly Rs.10,000.It ... Read more...

Posted in Health |

Cabinet to decide on Boeing 787 compensation offer (Lead)


June 6th, 2012 - 6:27 pm ICT by IANS
New Delhi, June 6 (IANS) The Cabinet Committee on Economic Affairs (CCEA) is expected to take up American aircraft manufacturer Boeing's offer of compensation for the delay in supply of ... Read more...

Posted in Business |

Cabinet to decide on Boeing 787 compensation offer


June 6th, 2012 - 5:09 pm ICT by IANS
New Delhi, May 29 (IANS) Civil Aviation Minister Ajit Singh Wednesday said the Cabinet Committee on Economic Affairs (CCEA) will decide on Boeing's offer of compensation for the delay in ... Read more...

Posted in Business |

All mega projects are on course: Chandy


May 31st, 2012 - 6:45 pm ICT by IANS
Thiruvananthapuram, May 31 (IANS) Kerala Chief Minister Oommen Chandy Thursday refuted media reports that mega development projects in the state are getting delayed, saying these are progressing as per schedule."I ... Read more...

Posted in Business |

Government told to decide fast on bio-fuels programme: Parliament panel


May 7th, 2012 - 2:07 pm ICT by IANS
New Delhi, May 7 (IANS) Rapping the rural development ministry's land resources department for the "inordinate delay" in finalising a bio-fuels programme, a parliamentary panel has sought for the matter ... Read more...

Posted in Business |

HLL Lifecare floats subsidiary for vaccine complex


April 30th, 2012 - 3:07 pm ICT by IANS
Thiruvananthapuram, April 30 (IANS) Kerala-based HLL Lifecare, a mini-ratna PSU, has floated wholly-owned subsidiary HLL Biotechltd to execute the Rs.594 crore Integrated Vaccine Complex (IVC) coming up in Tamil Nadu.The ... Read more...

Posted in Uncategorized |

Cabinet panel clears Monsoon Mission


April 26th, 2012 - 11:47 pm ICT by IANS
New Delhi, April 26 (IANS) The Cabinet Committee on Economic Affairs Thursday approved the implementation of the Rs.400 crore National Monsoon Mission at the Earth System Science Organisation (ESSO) to ... Read more...

Posted in Business |

UAE, Indian officials discuss ministerial meet


April 15th, 2012 - 10:23 pm ICT by IANS
Abu Dhabi, April 15 (IANS/WAM) Officials from the UAE and India met here Sunday to hammer out the agenda of the 10th joint ministerial committee meeting of the two countries.Representing ... Read more...

Posted in World |

Air India’s turnaround plan approved (Roundup)


April 12th, 2012 - 9:27 pm ICT by IANS
New Delhi, April 12 (IANS) Beleaguered flag carrier Air India has got a new lease of life as the government Thursday approved plans for a turnaround in its fortunes ... Read more...

Posted in Business |

Pakistan wants China to help build dams


April 3rd, 2012 - 1:08 pm ICT by IANS
Islamabad, April 3 (IANS) Pakistan wants the Export-Import Bank of China to help in the construction of small and medium dams.Prime Minister Yousuf Raza Gilani Monday urged the EXIM ... Read more...

Posted in Uncategorized |

Libya, Syria turmoil posing problems for economy: Pranab


April 1st, 2012 - 6:34 pm ICT by IANS
Kolkata, April 1 (IANS) India is concerned about the political turmoil in Libya and Syria as unstable situations in there are posing serious problems for the Indian economy, Union ... Read more...

Posted in Business |

India’s external debt rises to $335 billion


March 30th, 2012 - 6:50 pm ICT by IANS
New Delhi, March 30 (IANS) India's external debt rose to $334.9 billion at December-end 2011, an increase of 9.4 percent in the first nine months of the current financial year, ... Read more...

Posted in Business |

India says no BRICS candidate for World Bank


March 26th, 2012 - 9:03 pm ICT by IANS
New Delhi, March 26 (IANS) India Monday said the BRICS forum of emerging countries have no plans to field or rally behind a common candidate to head the World Bank, ... Read more...

Posted in Business |

World Bank offers $500 million loan for education in India


March 23rd, 2012 - 7:04 pm ICT by IANS
Washington, March 23 (IANS) The World Bank has offered $500 million interest-free credit to India for improving the standards of secondary education, an official statement said Friday.The World Bank Thursday ... Read more...

Posted in Business |

BRICS steps up joint efforts to reform global governance (Lead)


March 5th, 2012 - 9:29 pm ICT by IANS
New Delhi, March 5 (IANS) With less than a month to go, India has stepped up preparations for the March 29 BRICS summit of the five emerging economies and stressed ... Read more...

Posted in Uncategorized |

BRICS can transform global governance: India


March 5th, 2012 - 5:47 pm ICT by IANS
New Delhi, March 5 (IANS) Ahead of the BRICS summit here, India Monday said the grouping of five major emerging economies was not ranged against anyone but is "a responsible ... Read more...

Posted in Business |

BRICS academics to flesh out agenda for summit


March 3rd, 2012 - 4:56 pm ICT by IANS
New Delhi, March 3 (IANS) Academics and experts from the five emerging economies -- Brazil, Russia, India, China and South Africa -- will meet here for a three-day discussion starting ... Read more...

Posted in Uncategorized |

Dhumal seeks work on pending rail projects


February 19th, 2012 - 10:21 pm ICT by IANS
Shimla, Feb 19 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Sunday asked the railways to start the construction of a rail line in the state that the Prime Minister's ... Read more...

Posted in Business |

Government signs accord with World Bank $155.3 mn grant (With Image)


February 17th, 2012 - 3:55 pm ICT by IANS
New Delhi, Feb 17 (IANS) To improve water supply and sanitation services in several districts of Kerala, the union government has entered into a credit agreement with International Development Association ... Read more...

Posted in Business |

UAE seeks stronger relations with Kyrgyzstan


February 11th, 2012 - 1:22 am ICT by IANS
Abu Dhabi, Feb 10 (IANS/WAM) The United Arab Emirates has reiterated its interest in boosting bilateral relations with Kyrgyzstan in all spheres."Relations between the two countries have recently seen significant ... Read more...

Posted in Uncategorized |

Government to rehabilitate families dislocated from Srinagar lakes


February 2nd, 2012 - 11:32 pm ICT by IANS
New Delhi, Feb 2 (IANS) The central government Thursday decided to bear the cost of rehabilitation of around 10,000 families living in and around Srinagar's Dal and Nigeen lakes ... Read more...

Posted in Business |

India discontinues weekly inflation data (Lead)


February 2nd, 2012 - 4:45 pm ICT by IANS
New Delhi, Feb 2 (IANS) The Indian government has discontinued releasing weekly inflation data in a bid to curb the speculative movement in prices of essential commodities, an official statement ... Read more...

Posted in Business |

India discontinues weekly inflation data


February 2nd, 2012 - 3:20 pm ICT by IANS
New Delhi, Feb 2 (IANS) India has discontinued releasing weekly inflation data in a bid to curb speculative movement in prices of essential commodities, official statement said Thursday.Consequent upon the ... Read more...

Posted in Business |

CRR cut will ease liquidity problems, says Pranab


January 24th, 2012 - 7:57 pm ICT by IANS
New Delhi, Jan 24 (IANS) The Reserve Bank of India's (RBI) decision to cut the cash reserve ratio (CRR) by half a percentage point will help ease the liquidity ... Read more...

Posted in Business |

World Bank extends $130 mn loan for North East development


January 20th, 2012 - 5:38 pm ICT by IANS
New Delhi, Jan 20 (IANS) The World Bank Friday extended a $130 million loan to India that will be used to fund rural development programmes in the North East region ... Read more...

Posted in Business |

Indian economy to grow 7.7 percent in 2012: UN


January 17th, 2012 - 4:32 pm ICT by IANS
New Delhi, Jan 17 (IANS) India's gross domestic product (GDP) is expected to grow by 7.7 percent in 2012 and 7.9 percent in the following year as compared to the ... Read more...

Posted in Business |

EU criticizes S&P;’s eurozone countries rating cut


January 14th, 2012 - 4:48 pm ICT by IANS
Brussels, Jan 14 (IANS) European Union's (EU) Economic Affairs Commissioner Olli Rehn has criticized Standard & Poor's for its decision to downgrade credit ratings of nine eurozone countries.The commissioner Friday ... Read more...

Posted in Business |

JPC: Mukherjee had seen, not approved, 2G note, says official


January 12th, 2012 - 9:29 pm ICT by IANS
New Delhi, Jan 12 (IANS) A top official Thursday clarified that Finance Minister Pranab Mukherjee had merely "seen" and not approved a background note questioning P. Chidambaram's role in ... Read more...

Posted in Uncategorized |

Handloom weavers to get Rs.2,362 crore financial help


December 19th, 2011 - 9:23 pm ICT by IANS
New Delhi, Dec 19 (IANS) The government is likely to give Rs.2,362.15 crore as financial help to nearly 15,000 cooperative societies and 3 lakh individuals involved in the handloom weaving ... Read more...

Posted in Business |

World Bank grants $155.3 million loan for Kerala water project


December 16th, 2011 - 5:16 pm ICT by IANS
New Delhi, Dec 16 (IANS) International Development Association (IDA), an arm of the World Bank, has approved a credit grant of $155.3 million (Rs.776.5 crore) to the Kerala government for ... Read more...

Posted in Business |

Cabinet approves National Electricity Fund (Lead)


December 13th, 2011 - 10:36 pm ICT by IANS
New Delhi, Dec 13 (IANS) The cabinet Tuesday approved the creation of a National Electricity Fund (NEF) to provide interest subsidy of Rs.8,466 crore for electricity distribution projects for a ... Read more...

Posted in Business |

Government to provide Rs.8,466 crore subsidy on electricity loan


December 13th, 2011 - 9:50 pm ICT by IANS
New Delhi, Dec 13 (IANS) The federal cabinet Tuesday approved setting up a national electricity fund to provide interest subsidy amounting to Rs.8,466 crore aimed at improving the power ... Read more...

Posted in Business |

UAE holds talks with Tunisia, Belarus


November 29th, 2011 - 12:04 am ICT by IANS
Abu Dhabi, Nov 28 (IANS/WAM) The ambassadors of Tunisia and Belarus to the United Arab Emirates have met the UAE's assistant foreign minister for economic affairs and discussed bilateral issues.Khalid ... Read more...

Posted in Uncategorized |

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