finance ministers

GST bill can be passed in current fiscal: Chidambaram


August 28th, 2012 - 9:21 pm ICT by IANS
New Delhi, Aug 28 (IANS) The constitution amendment bill to introduce the Goods and Services Tax (GST) regime could be passed by parliament by the end of the current financial ... Read more...

Posted in Business |

GST issue will be resolved soon: Chidambaram


July 13th, 2012 - 5:51 pm ICT by IANS
Chandigarh, July 13 (IANS) The government will soon resolve the issues hindering the implementation of goods and services tax (GST) that aims to bring uniformity in indirect taxes across ... Read more...

Posted in Business |

Yield on Spanish bonds climbs up


July 10th, 2012 - 10:52 am ICT by IANS
Madrid, July 10 (IANS/EFE) Investors pushed the yield on Spain's benchmark 10-year bond above 7 percent by the close of trading Monday as European Union finance ministers gathered in Brussels ... Read more...

Posted in Business |

Sensex closes 129 points down; metal, power stocks slump (Roundup)


July 9th, 2012 - 6:44 pm ICT by IANS
Mumbai, July 9 (IANS) Amid negative global cues, a benchmark index for Indian equities markets closed 129 points lower Monday on profit booking ahead of the quarterly results.The 30-scrip ... Read more...

Posted in Business |

Pranab leaves active politics: End of an era


June 25th, 2012 - 8:34 pm ICT by IANS
New Delhi, June 25 (IANS) Respected among friends and foes alike, Pranab Mukherjee, the "most perfected politician of the current lot", will leave active politics Tuesday marking the end ... Read more...

Posted in Politics |

Europe must be sensitive to Greek people: French minister


June 22nd, 2012 - 7:21 am ICT by IANS
Luxembourg, June 22 (IANS) Europe must be more "sensitive" to the Greek people and take steps to help revive the country's economy, according to French Finance Minister Pierre Moscovici.Speaking ... Read more...

Posted in World |

BRICS nations explore options to protect currencies


June 19th, 2012 - 9:03 am ICT by IANS
Los Cabos (Mexico), June 19 (IANS) India, Brazil, Russia, China and South Africa Monday explored mechanisms, such as swap arrangement and a reserve fund. to protect their currencies against ... Read more...

Posted in Business |

Pranab Mukherjee: Politician nonpareil becomes constitutional guardian (Profile)


June 15th, 2012 - 6:34 pm ICT by IANS
New Delhi, June 15 (IANS) Pranab Mukherjee, set to be India's next president, is a rare politician who has never been a mass leader but who commands the attention ... Read more...

Posted in Uncategorized |

Eurozone agrees to bail out Spanish banks


June 10th, 2012 - 7:53 am ICT by IANS
Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated ... Read more...

Posted in Business |

US stocks end mixed after heavy sell-off


June 5th, 2012 - 4:12 am ICT by IANS
New York, June 5 (IANS) US stocks ended mixed Monday after major indexes suffered severe sell-off in the previous session.When the market closed, the Dow Jones industrial average lost 17.11 ... Read more...

Posted in Business |

Pranab to meet finance ministers from northeast


June 3rd, 2012 - 4:57 pm ICT by IANS
Agartala, June 3 (IANS) Union Finance Minister Pranab Mukherjee will meet the finance ministers of northeastern states here Tuesday to discuss fiscal, infrastructural and investment problems of the region.Tripura ... Read more...

Posted in Politics |

India asks G-20 to nake ‘credible and ambitious’ action plan


April 20th, 2012 - 10:50 am ICT by IANS
Washington, April 20 (IANS) India has called upon G-20 nations, the world's top economies, to work out a "credible and ambitious" action plan to put the global economy firmly ... Read more...

Posted in Business |

GST can boost economic growth by 1.5 percent: Adi Godrej


April 19th, 2012 - 8:09 pm ICT by IANS
New Delhi, April 19 (IANS) The roll-out of the Goods and Services Tax (GST) will boost economic growth by around 1.5 percent, Adi Godrej, president of the Confederation of Indian ... Read more...

Posted in Business |

GST likely to come into effect from next fiscal: Sushil Modi


April 18th, 2012 - 9:21 pm ICT by IANS
New Delhi, April 18 (IANS) The much-awaited unified Goods and Services Tax (GST) is likely to come into effect from April 1, 2013 as the centre is open to ... Read more...

Posted in Business |

Mukherjee to visit US to attend IMF-World Bank meeting


April 16th, 2012 - 5:25 pm ICT by IANS
New Delhi, April 16 (IANS) Finance Minister Pranab Mukherjee will be on a four-day official visit to the United States beginning Thursday to attend the annual spring meeting of ... Read more...

Posted in Uncategorized |

Make good states’ revenue loss, Jayalalithaa tells PM


April 14th, 2012 - 6:53 pm ICT by IANS
Chennai, April 14 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Saturday said the central government is being unreasonable with regard to compensating states for the loss of their revenue ... Read more...

Posted in Business |

Oil inches up on positive data


March 31st, 2012 - 8:53 am ICT by IANS
New York, March 31 (IANS) US crude oil price inched up Friday as US consumer sentiment witnessed a boost and the dollar dropped to a one-month low against the ... Read more...

Posted in Business |

US stocks close mixed


March 31st, 2012 - 3:57 am ICT by IANS
New York, March 31 (IANS) US stocks Friday closed mixed at the end of a strong first quarter, as investors weighed the latest development in the eurozone and conflicting US ... Read more...

Posted in Business |

Budget trendsetting for rural sector: Ramesh


March 16th, 2012 - 8:10 pm ICT by IANS
New Delhi, March 16 (IANS) The budget was "trendsetting from the rural sector point of view" with allocations for rural development increased by Rs.8,000 crore, Rural Development Minister Jairam ... Read more...

Posted in Politics |

Spain’s 2012 deficit target eased to 5.3 percent of GDP


March 13th, 2012 - 2:01 pm ICT by IANS
Brussels, March 13 (IANS) Eurozone finance ministers have decided to ease the 2012 deficit target for Spain from the original 4.4 percent of GDP to 5.3 percent, Eurogroup President Jean-Claude ... Read more...

Posted in Business |

IMF advises caution on policy easing to India


March 2nd, 2012 - 11:21 am ICT by IANS
Washington, March 2 (IANS) Noting that the global recovery had suffered a setback, the International Monetary Fund (IMF) has advised India and other emerging economies with high inflation and public ... Read more...

Posted in Business |

US stocks end mixed (Lead)


February 25th, 2012 - 2:58 pm ICT by IANS
New York, Feb 25 (IANS) US stocks ended narrowly mixed Friday as latest reports showed the US economy was steadily improving but was not strong enough to give equities a ... Read more...

Posted in Business |

Eurozone approves new Greek bailout plan (Lead)


February 21st, 2012 - 4:59 pm ICT by IANS
Brussels, Feb 21 (IANS) Eurozone finance ministers have ended months of uncertainty and averted an imminent debt default by Greece by approving a second bailout deal for the debt-laden country."After ... Read more...

Posted in Business |

Eurozone reaches Greek bailout deal


February 21st, 2012 - 11:55 am ICT by IANS
Brussels, Feb 21 (IANS) Finance ministers from the eurozone reached a Greek bailout plan Tuesday, agreeing on measures to reduce the country's debt level to 120.5 percent of its gross ... Read more...

Posted in Business |

Greek parliament approves austerity plan


February 13th, 2012 - 3:35 pm ICT by IANS
Athens, Feb 13 (IANS/RIA Novosti) Greece's parliament has approved austerity measures requested by the eurozone and the International Monetary Fund to secure a 130-billion euro ($170 billion) bailout to avoid ... Read more...

Posted in Politics |

US stocks drop on Greece worries


February 11th, 2012 - 4:01 am ICT by IANS
New York, Feb 11 (IANS) US stocks dropped Friday as Greece's crucial international bailout was put on hold by eurozone finance ministers.Eurozone finance ministers said Greece had to save an ... Read more...

Posted in Uncategorized |

US stocks edge higher amid Greek hope (Lead)


February 10th, 2012 - 6:56 am ICT by IANS
New York, Feb 10 (IANS) US stocks edged higher Thursday amid Greek's long-awaited austerity deal and better-than-expected jobless claims.Greek political leaders Thursday reached a deal over austerity measures in order ... Read more...

Posted in Business |

`EU to suffer moderate recession in first half of 2012′


January 25th, 2012 - 2:00 pm ICT by IANS
Brussels, Jan 25 (IANS) There might be a moderate economic recession across Europe in the first half of 2012, a senior European Union (EU) official said Tuesday."Several factors pointed toward ... Read more...

Posted in Uncategorized |

EU urges Greek debt deal to be reached without delay


January 24th, 2012 - 3:19 pm ICT by IANS
Brussels, Jan 24 (IANS) Eurogroup President Jean-Claude Juncker Tuesday called for an early conclusion of a deal on Greece's debt restructuring programme without delay."We welcome the increased convergence and ask ... Read more...

Posted in Business |

Northeast seeks special package for industry, tourism


January 19th, 2012 - 7:43 pm ICT by IANS
Agartala/Itanagar, Jan 19 (IANS) The northeastern states have asked for a special "connectivity and communication package" to attract investment and boost tourism and industrial development in the region, officials ... Read more...

Posted in Politics |

Italy’s industrial production rose in November


January 13th, 2012 - 3:52 pm ICT by IANS
Rome, Jan 13 (IANS/AKI) Italy's industrial production in November managed to rise even though the eurozone's third biggest economy implemented cost-cutting measures amid an economic crisis and probable recession.Output gained ... Read more...

Posted in Uncategorized |

Eurozone to lend 150 bn euros to IMF


December 20th, 2011 - 3:15 pm ICT by IANS
Brussels, Dec 20 (IANS) Eurozone countries Monday have agreed to channel 150 billion euros (about $195 billion) to the International Monetary Fund (IMF) to boost a firewall against the debt ... Read more...

Posted in Business |

IMF approves another bailout tranche for Greece


December 6th, 2011 - 4:03 pm ICT by IANS
Moscow, Dec 6 (IANS/RIA Novosti) The International Monetary Fund has approved a 2.2-billion euro ($2.9 billion) instalment of international financial aid to keep the Greek economy afloat, the global financial ... Read more...

Posted in Business |

Eurozone ministers agree to expand rescue fund


November 30th, 2011 - 2:05 pm ICT by IANS
Brussels, Nov 30 (IANS) Eurozone finance ministers agreed Tuesday to expand a rescue fund and to turn to the International Monetary Fund (IMF) for help to contain the spreading debt ... Read more...

Posted in Uncategorized |

Eurozone crisis may cloud Durban climate talks


November 13th, 2011 - 4:36 pm ICT by IANS
New Delhi, Nov 13 (IANS) Ahead of the Durban climate change talks beginning Nov 28, experts are worried that Eurozone crisis may curtail the billions of dollars of funding from ... Read more...

Posted in Uncategorized |

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