What happened to Gilani’s 15 varsities promise, asks daily
August 5th, 2012 - 2:34 pm ICT by IANS
Islamabad, Aug 5 (IANS) A promise by former Pakistani prime minister Yousuf Raza Gilani to set up over 15 universities across the country during his tenure turned out to ... Read more...
Posted in South Asia |
Canada to drop penny from circulation
July 31st, 2012 - 1:18 pm ICT by IANS
Ottawa, July 31 (IANS) Canada will no longer circulate the one-cent coin as of Feb 4, 2013, Finance Minister Jim Flaherty announced.In his 2012 federal budget delivered in March, Flaherty ... Read more...
Posted in Business |
Chinese firm to invest $3 bn in Russian resorts
June 6th, 2012 - 8:42 am ICT by IANS
Beijing, June 6 (IANS/RIA Novosti) A Chinese company will invest up to $3 billion to develop resorts in Russia's North Caucasus region."Our counterparts visited the Dagestan republic and cities of ... Read more...
Posted in Business |
Pakistani daily wants tough fiscal, tax reforms
April 13th, 2012 - 1:10 pm ICT by IANS
Islamabad, April 13 (IANS) The Pakistani government must implement "tough fiscal and tax reforms, improve governance and revamp the entire state structure simultaneously", said a leading daily as it sought ... Read more...
Posted in Business |
Russia looks for commercial space projects
April 13th, 2012 - 10:10 am ICT by IANS
Moscow, April 12 (IANS/RIA Novosti) Russia needs to invigorate its efforts to implement commercial space projects jointly with the European Space Agency and individual space powers, Prime Minister Vladimir Putin ... Read more...
Posted in Sci-Tech |
Australian manufacturing activity contracts
April 2nd, 2012 - 4:50 pm ICT by IANS
Sydney, April 2 (IANS) The Australian manufacturing sector moved into negative territory in March as softer demand dampened activity in the sector, a survey released Monday by the Australian Industry ... Read more...
Posted in Business |
Committed to the reforms process: Pranab
March 17th, 2012 - 4:24 pm ICT by IANS
New Delhi, March 17 (IANS) A day after presenting the federal budget for next fiscal, which mostly got negative reviews from analysts and commoners, Finance Minister Pranab Mukherjee said ... Read more...
Posted in Business |
RBI, budget big let down for Indian markets (Weekly market review)
March 17th, 2012 - 2:50 pm ICT by IANS
Mumbai, March 17 (IANS) Indian equities markets closed on a quiet note as several key events like the monetary policy and the federal budget failed to enthuse investors.The 30-scrip ... Read more...
Posted in Business |
Mukherjee’s budget promises tax relief, subsidy cut, reforms (Fourth Lead)
March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) Tax relief to individuals, promise to curb black money, major push on infrastructure, capital market reforms and huge subsidy cut were among proposals listed ... Read more...
Posted in Business |
Indian economy recovering, time for hard decisions: Mukherjee (Third Lead)
March 16th, 2012 - 2:02 pm ICT by IANS
New Delhi, March 16 (IANS) With an assurance that there were clear signs of an economic recovery in India, Finance Minister Pranab Mukherjee Friday started presenting what was his ... Read more...
Posted in Uncategorized |
India’s growth disappointing, but recovering: Mukherjee (Second Lead)
March 16th, 2012 - 12:53 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday said the growth of the Indian economy estimated at 6.9 percent during this fiscal year was "disappointing" as he ... Read more...
Posted in Uncategorized |
Mukherjee starts presenting his 7th federal budget (Lead)
March 16th, 2012 - 12:53 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee started presenting what was his seventh federal budget in the Lok Sabha Friday, with a reference to the state of ... Read more...
Posted in Business |
Indian markets quiet ahead of budget
March 16th, 2012 - 12:06 pm ICT by IANS
Mumbai, March 16 (IANS) India equities markets were quiet as investors stayed on the sidelines eying the federal budget to be presented by Finance Minister Pranab Mukherjee Friday.The 30-scrip ... Read more...
Posted in Business |
Sensex closes 105 points up, at three-week high (Roundup)
March 14th, 2012 - 7:02 pm ICT by IANS
Mumbai, March 14 (IANS) A benchmark index for Indian markets Wednesday closed within striking distance of the 18,000 mark, gaining 105 points. It was at a three-week high with ... Read more...
Posted in Business |
Sensex slips after touching 18,000 points
March 14th, 2012 - 1:31 pm ICT by IANS
Mumbai, March 14 (IANS) A benchmark index for Indian markets slipped Wednesday after breaching the 18,000 point mark but continued to stay in the green ahead of the ... Read more...
Posted in Business |
Mexican oil firm ends 2011 with net loss of $6.5 bn
March 1st, 2012 - 11:59 am ICT by IANS
Mexico City, March 1 (IANS/EFE) State oil monopoly Petroleos Mexicanos, Mexico's largest company, said it posted a net loss of $6.5 billion in 2011, a 103 percent increase over 2010.Pemex ... Read more...
Posted in Business |
‘Deficit reduction not by defence cuts alone’
February 29th, 2012 - 1:39 pm ICT by IANS
Washington, Feb 29 (IANS) US Defense Secretary Leon Panetta has reiterated that the responsibility to reduce the budgetary deficit cannot be borne by the defence sector alone.
"No budget ... Read more...
Posted in Uncategorized |
Russia to raise coal output to 430 mn tonnes
January 24th, 2012 - 6:47 pm ICT by IANS
Moscow, Jan 24 (IANS/RIA Novosti) Russia will boost its coal output from last year's 330 million tonnes to 430 million tonnes by 2030 to meet the growing domestic and world ... Read more...
Posted in World |
Radio Pakistan hit by financial problems
December 30th, 2011 - 4:34 pm ICT by IANS
Islamabad, Dec 30 (IANS) The Pakistan Broadcasting Corporation -- popularly known in the subcontinent as Radio Pakistan -- is facing a severe financial crunch due to which the future of ... Read more...
Posted in South Asia |
Australia signals lower economic growth rate
November 6th, 2011 - 2:24 pm ICT by IANS
Canberra, Nov 6 (IANS) Australia Sunday signalled its mid-year budget review will reveal a lower-than-estimated growth rate for its economy.
Federal Treasurer Wayne Swan and Federal Finance Minister Penny Wong ... Read more...
Posted in Business |
Russia vows to scrap chemical weapons soon
October 4th, 2011 - 8:50 am ICT by IANS
Moscow, Oct 4 (IANS/RIA Novosti) Russia will do everything possible to destroy as soon as possible its remaining stockpiles of chemical weapons, the Foreign Ministry said Monday."The Russian Federation ... Read more...
Posted in Uncategorized |
Defiant Obama seeks new taxes on wealthy to cut debt
September 20th, 2011 - 12:31 pm ICT by IANS
Washington, Sep 20 (IANS) Striking a confrontationist posture, President Barack Obama has proposed $1.5 trillion in new taxes for the wealthy to cut the national debt by $3.2 ... Read more...
Posted in Business |
Air travel service tax for Q1 at Rs.231.5 crore
August 10th, 2011 - 7:14 pm ICT by IANS
New Delhi, Aug 10 (IANS) A total of Rs.231.5 crore was collected as service tax from passengers travelling on airlines, including travel agents, in the first quarter of the current ... Read more...
Posted in Business |
Measures on to revive Air India: Government
July 1st, 2011 - 10:21 pm ICT by IANS
New Delhi, July 1 (IANS) The government Friday dismissed speculation surrounding the future of debt-ridden national carrier Air India, saying that short to medium term measures will help in ... Read more...
Posted in Business |
Am aware of Air India’s woes, solution soon: PM
June 30th, 2011 - 9:06 pm ICT by IANS
New Delhi, June 30 (IANS) Stating that he was aware of the woes of the state-run Air India, Prime Minister Manmohan Singh said he has asked the ministerial group ... Read more...
Posted in Business |
Pakistan’s Rs.2.7 trillion budget approved
June 23rd, 2011 - 2:33 pm ICT by IANS
Islamabad, June 23 (IANS) Pakistan's National Assembly has approved the Rs.2.7 trillion federal budget.Finance Minister Abdul Hafeez Shaikh Wednesday said the government intends to reduce the overall sales tax rates ... Read more...
Posted in South Asia |
Pakistan proposes uninterrupted power at higher tariff
May 16th, 2011 - 1:59 pm ICT by IANS
Islamabad, May 16 (IANS) Pakistanis can now have uninterrupted electricity supply -- but for a price.Authorities have hit upon a novel idea to provide uninterrupted power supply to consumers who ... Read more...
Posted in Business |
Russia to spend $4 bn on regional schools
May 7th, 2011 - 6:00 am ICT by IANS
Moscow, May 7 (IANS/RIA Novosti) Russia will allocate 120 billion rubles ($4 billion) for the modernisation of regional schools over the next two school years, Prime Minister Vladimir Putin has ... Read more...
Posted in World |
Court stays proposed service tax on individual lawyers (Lead)
April 29th, 2011 - 4:41 pm ICT by IANS
New Delhi, April 29 (IANS) The Delhi High Court Friday stayed the central government's notification seeking to bring individual lawyers, who extend services to companies and firms, under the ... Read more...
Posted in Business |
Healthcare tax withdrawn as Lok Sabha passes Finance Bill
March 22nd, 2011 - 8:35 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee Tuesday withdrew the proposed 5 percent service tax on healthcare after protests from lawmakers and the medical fraternity, even as ... Read more...
Posted in Health |
Sad, opposition absent to pass finance bill: Mukherjee
March 22nd, 2011 - 7:26 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee expressed regret at largely empty opposition benches when a legislative business as important as the Finance Bill was being debated ... Read more...
Posted in Politics |
Hospitals, public hail health tax roll back
March 22nd, 2011 - 7:01 pm ICT by IANS
New Delhi, March 22 (IANS) The roll back of the proposed five percent service tax for private hospitals was Tuesday welcomed with open arms by health institutions and the ... Read more...
Posted in Health |
Government rolls back 5 percent service tax on healthcare
March 22nd, 2011 - 3:35 pm ICT by IANS
New Delhi, March 22 (IANS) Faced with criticism from the opposition and the medical fraternity, Finance Minister Pranab Mukherjee Tuesday rolled back the proposed five percent service tax on ... Read more...
Posted in Health |
Biden compares GOP Economic Strategy to ‘ blaming rape victims’ for being raped
March 20th, 2011 - 2:04 pm ICT by ANI
Washington, Mar.20 (ANI): United States Vice President Joe Biden has compared Republican approaches on economic reform in the budget to blaming rape victims for being raped.Speaking at a fundraiser in ... Read more...
Posted in World |
Russia to spend $160 mn on health care in 2011
March 6th, 2011 - 9:47 am ICT by IANS
Moscow, March 6 (IANS/RIA Novosti) Russia will allocate 4.5 billion rubles ($159.7 million) in 2011 to provide its citizens with hi-tech medical care, the government said.A total of 55 Russian ... Read more...
Posted in Health |