May 10th, 2008 - 10:43 pm ICT by admin
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New Delhi, May 10 (ANI): Farmers took out a rally in New Delhi on Saturday and threaten to court arrest. They also voiced their anguish over the government's inability to adhere to its promise of loan waiver.
Finance Minister P Chidambaram proposed a waiver of rupees 600 billion of bank ...
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May 9th, 2008 - 8:40 pm ICT by admin
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New Delhi, May 9 (IANS) India's annual rate of inflation rose to a new high of 7.61 percent for the week ending April 26, it was announced Friday, but Finance Minister P. Chidambaram sought to tone down worries by assuring that the government was taking corrective measures to rein in ...
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May 9th, 2008 - 8:39 pm ICT by admin
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New Delhi, May 9 (IANS) India's annual inflation rate soared to a new high of 7.61 percent for the week ended April 26 from 7.57 percent for the week before, affecting the stock market, even as Finance Minister P. Chidambaram called the increase statistically insignificant. The price index released by ...
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May 9th, 2008 - 6:26 pm ICT by admin
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New Delhi, May 9 (ANI): Finance Minister P Chidambaram on Friday said that inflation is more or less stable and described the marginal increase in the annual wholesale price inflation rate in late April as a major relief in New Delhi.
Government data showed today that the Wholesale Price Index ...
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May 9th, 2008 - 5:30 pm ICT by admin
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New Delhi , May 9 (ANI): Prime Minister Manmohan Singh today gave the green signal for the implement of the Centrally-sponsored National Means-cum-Merit Scholarship during the 11th Plan to arrest dropouts among the poor.
At a meeting of the Cabinet Committee on Economic Affairs chaired by the Prime Minister, Finance ...
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May 9th, 2008 - 5:25 pm ICT by admin
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New Delhi, May 9 (IANS) In order to arrest the increasing dropout rate from schools after class 8, the government Friday decided to allocate Rs.30.04 billion as scholarship to poor students. Finance Minister P. Chidambaram said here that the Cabinet Committee on Economic Affairs (CCEA) in its meeting Friday morning ...
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May 9th, 2008 - 5:03 pm ICT by admin
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New Delhi, May 9 (IANS) The government Friday paved the way for greater flow of investments between India and Latvia granting approval to the inking of a bilateral investment promotion protection agreement. A meeting of the cabinet, chaired by Prime Minister Manmohan Singh, approved the signing of the agreement and ...
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May 9th, 2008 - 2:58 pm ICT by admin
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New Delhi, May 9 (IANS) India's annual rate of inflation rose to a new high of 7.61 percent for the week ended April 26 from 7.57 percent for the week before amid assurances from Finance Minister P. Chidambaram that more steps will be taken to rein in prices. The data ...
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May 8th, 2008 - 9:59 pm ICT by admin
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New Delhi, May 8 (IANS) Despite the government's measures to control inflation, prices of food grain, particularly rice, will continue to remain on the higher side, a senior government official said Thursday. Quoting the latest Wholesale Price Index (WPI) report, K Ponnukaannu, senior economic advisor to the commerce ministry, said ...
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May 8th, 2008 - 7:55 pm ICT by admin
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Lahore, May 8 (ANI): Human rights activists and experts from various fields remembered Gandhian icon Nirmala Deshpande, who passed away in New Delhi on May 1, as an apostle of peace who always fought for the cause of human rights in India.
They praised her at a seminar held at ...
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May 7th, 2008 - 11:31 pm ICT by admin
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Thiruvananthapuram, May 7 (IANS) A two-day meeting of state finance ministers and top economists that concluded here Wednesday demanded that the states be allowed to draw 50 percent of the total market borrowings of the central and state governments. The meeting, titled 'Centre-State Financial Relations in the Context of the ...
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May 7th, 2008 - 11:03 pm ICT by admin
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Bangalore, May 7 (IANS) The Bharatiya Janata Party (BJP), which has not fielded a single Muslim candidate for the upcoming assembly polls in Karnataka, Wednesday appealed for minority votes promising to induct a Muslim into its ministry if elected to power. "We did not have any Muslim leader whose victory ...
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May 6th, 2008 - 8:24 pm ICT by admin
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New Delhi, May 6 (IANS) With India's foreign exchange reserves topping $300 billion, the government and the Reserve Bank of India (RBI) have jointly decided to invest $5 billion in their wholly-owned subsidiary - India Infrastructure Finance Ltd. The London branch of the off-shore fund, launched last month by Finance ...
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May 6th, 2008 - 4:56 pm ICT by admin
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London, May 6 (IANS) India is considering shutting down on trading in food futures, the Financial Times Tuesday quoted Finance Minister P. Chidambaram as saying. Chidambaram made the proposal on the sidelines of Asian Development Bank's annual meeting in Madrid, the newspaper said.
It said the proposal highlights growing concerns ...
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May 5th, 2008 - 8:47 pm ICT by admin
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Thiruvananthapuram, May 5 (IANS) A committee of state finance ministers Monday asked the central government to reduce the central sales tax (CST) from three to two percent. After a day-long meeting of the empowered committee of state finance ministers here, West Bengal Finance Minister Asim Das Gupta told media persons ...
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May 4th, 2008 - 10:07 pm ICT by admin
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Nandigram, May 4 (ANI): Union Information and Broadcasting Minister Priya Ranjan Dasmunshi on Sunday accused the Left Front West Bengal government on the violence that was recently witnessed in Nandigram and said it had made the Central Reserve Police Force (CRPF) inactive in the area.
Ill inform the Centre ...
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May 4th, 2008 - 9:30 pm ICT by admin
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By T.S.V. Hari
Chennai, May 4 (IANS) Discoveries of explosives' caches in two Tamil Nadu districts Sunday worried state police officials on a day the US government indicated increased Maoist activity in Tamil Nadu since last year. Home ministry sources here admitted that a PMK worker K. Ilanchezhiyan was taken into ...
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May 4th, 2008 - 9:24 pm ICT by admin
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Xinhua
Madrid, May 4 (Xinhua) Finance ministers of China, Japan and South Korea Sunday reached an agreement on the key elements of a regional foreign exchange reserve swap. "We reached an agreement on several key elements of the CMI (the Chiang Mai Initiative) multilateralization," the finance ministers said in a joint ...
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May 4th, 2008 - 7:29 pm ICT by admin
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Hyderabad, May 4 (IANS) Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday visited Guntur mirchi yard, Asia's largest red chilli market which was destroyed in a major fire Saturday. He promised to help all farmers who lost their produce in the fire, and announced that fire engines would be deployed ...
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May 4th, 2008 - 2:07 pm ICT by admin
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By Sushma Ramachandran
With prices rising relentlessly at the rate of over seven percent per annum, the United Progressive Alliance (UPA) government led by Prime Minister Manmohan Singh seems to have been gripped with an air of quiet desperation. Virtually every day the prime minister and his Finance Minister P. Chidambaram ...
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May 3rd, 2008 - 6:33 pm ICT by admin
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Panaji, May 3 (IANS) It's cricket with a difference. The teams, who sometimes bowl short to one another, supposedly having an antagonistic relationship in their world of work, are carrying over their rivalry to the pitch. In a two-day triangular cricket tournament that began here Saturday, journalists, bureaucrats and legislators ...
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May 2nd, 2008 - 7:49 pm ICT by admin
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Thiruvananthapuram, May 2 (IANS) For the first time, Kerala will play host to a meeting of empowered committee of state finance ministers here May 6. "This is for the first time that this meeting is being held outside Delhi. As of now, 10 state finance ministers have confirmed their participation ...
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May 2nd, 2008 - 5:25 pm ICT by admin
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New Delhi, May 2 (IANS) India's annual rate of inflation shot up to a 42-month high of 7.57 percent for the week ended April 19, even as Finance Minister P. Chidambaram appealed to the people Friday to remain calm with an assurance that prices will be tamed soon. The inflation ...
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May 2nd, 2008 - 3:15 pm ICT by admin
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New Delhi, May 2 (IANS) A proposal from the New York Stock Exchange (NYSE) for a 5 percent stake in a commodities exchange, worth Rs.2.18 billion ($55 million), is among the 15 schemes approved by Finance Minister P. Chidambaram, an official statement said Friday. As recommended by the Foreign Investment ...
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May 2nd, 2008 - 1:56 pm ICT by admin
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New Delhi, May 2 (IANS) India's annual rate of inflation shot up to a 42-month high of 7.57 percent for the week ended April 19 from 7.33 percent for the week before due to an overall increases in wholesale prices. The inflation rate had moved up to 7.33 percent for ...
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May 1st, 2008 - 11:45 pm ICT by admin
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New Delhi, May 1 (IANS) Aiming to provide research back-up for law-enforcement agencies, the union cabinet Thursday gave in-principle approval to establish a National Police University (NPU) in the national capital. Briefing reporters after the cabinet meeting, Finance Minister P. Chidambaram said the proposed university would impart quality education, research ...
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May 1st, 2008 - 10:14 pm ICT by admin
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New Delhi, May 1 (IANS) The union cabinet Thursday approved the Criminal Procedure Code (Amendment) Bill, 2006, which seeks to improve the criminal justice system of the country. "The union cabinet met Thursday and approved the Criminal Procedure Code (Amendment) Bill, 2006," Finance Minister P. Chidambaram told reporters.
The Bill was ...
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May 1st, 2008 - 8:36 pm ICT by admin
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New Delhi, May 1 (ANI): Finance Minister P Chidambaram said on Thursday that state-run banks are unlikely to raise interest rates after the central bank tightened bank reserve requirements this week.
In its second move in just a few weeks to drain liquidity from the banking system, the Reserve Bank ...
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May 1st, 2008 - 6:44 pm ICT by admin
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New Delhi, May 1 (IANS) In what should sound as a pleasant note for India Inc, Finance Minister P. Chidambaram Thursday said he did not see any hike in interest rates by commercial banks after the recent hikes in cash reserve ratio (CRR) announced by the Reserve Bank of India ...
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May 1st, 2008 - 4:08 pm ICT by admin
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By Dipankar De Sarkar
London, May 1 (IANS) Millions of people voted in London and the provinces of England and Wales Thursday in local elections that most analysts said were a key test of the British government's popularity. After 12 years in power, the Labour government was bracing to meet a ...
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May 1st, 2008 - 3:58 pm ICT by admin
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By Muhammad Najeeb
Islamabad, May 1 (IANS) Pakistan's new government Thursday hiked petrol and diesel prices, for the second time since it took over March 30, triggering angry reactions from the people who said it would lead to a major increase in prices of commodities. The government increased prices of petroleum ...
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April 30th, 2008 - 2:34 pm ICT by admin
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Xinhua
Kathmandu, April 30 (Xinhua) The World Bank has said it will provide Nepal aid worth $127 million seeking to ensure success of the ongoing peace process in the Himalayan country, nepalnews.com reported Wednesday. Talking to mediapersons at the end of a four-day visit to Nepal Tuesday, Michel Mordasini, executive director ...
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April 30th, 2008 - 12:30 pm ICT by admin
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Kathmandu, Apr 30 (ANI): Nepal will soon receive aid worth 127 million dollars from the World Bank (WB) to ensure the success of the ongoing peace process in the country.
Michel Mordasini, a member of a WB delegation in Nepal, said the bank is ready to extend all possible ...
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April 30th, 2008 - 5:47 am ICT by admin
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DPA
Washington, April 30 (DPA) A long-awaited reform of the voting procedures of the International Monetary Fund (IMF) that gives developing countries a modest increase in influence was formally adopted Tuesday, said Dominique Strauss-Kahn, the organisation's managing director. The IMF Board of Governors adopted by a more than 90 percent vote ...
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April 29th, 2008 - 9:27 pm ICT by admin
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Mumbai, April 29 (IANS) Tata Communications Ltd (TCL) and Cisco Tuesday announced they would set up telepresence rooms at four offices of the Confederation of Indian Industry (CII) in the country. The telepresence rooms, the first of their kind in the country, will be set up at CII offices in ...
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April 29th, 2008 - 9:21 pm ICT by admin
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Mumbai, April 29 (IANS) Tata Communications Ltd (TCL) and Cisco Tuesday announced they would set up telepresence rooms at four offices of the Confederation of Indian Industry (CII) in the country. The telepresence rooms, the first of their kind in the country, will be set up at CII offices in ...
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April 29th, 2008 - 8:19 pm ICT by admin
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New Delhi, April 29 (IANS) Those people who are not natives of Sikkim but have settled there will not be exempted from taxes any longer, Finance Minister P. Chidambaram told the Lok Sabha Tuesday. "Since the late 1980s, income tax was to be levied on Sikkim (but was opposed). After ...
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April 29th, 2008 - 7:06 pm ICT by admin
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New Delhi, April 29 (IANS) Bowing to the demands of the IT industry, the government Tuesday announced the extension of the tax benefit scheme given to the country's software firms. Under the Software Technology Parks of India (STPI) scheme, introduced in 1999, Indian IT firms get tax holiday on profits ...
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April 29th, 2008 - 6:55 pm ICT by admin
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