China to expand government procurement program
February 11th, 2012 - 7:51 am ICT by IANS
Beijing, Feb 11 (IANS) China will expand its government procurement program this year to boost economic reforms, the finance ministry said Friday.China will negotiate for entry to the Government Procurement ... Read more...
Posted in Business |
To curb pollution, China reverts to bicycles
February 9th, 2012 - 10:02 am ICT by IANS
Shanghai, Feb 9 (IANS) China, once a nation of bicycles, is reverting to it as a means of movement once again in a measure to push government vehicles off the ... Read more...
Posted in World |
Government hopes to meet indirect tax collection target
February 8th, 2012 - 9:18 pm ICT by IANS
New Delhi, Feb 8 (IANS) The government Wednesday said it hopes to collect Rs.392,908 crore as indirect taxes for the fiscal ending March 31, as the mop-up in the fist ... Read more...
Posted in Business |
Direct tax collections rise 14.6 percent in April-January
February 8th, 2012 - 4:00 pm ICT by IANS
New Delhi, Feb 8 (IANS) India's direct tax collections grew by 14.57 percent to Rs.425,274 crore in the first 10 months of the current financial year, sharply lower than the ... Read more...
Posted in Business |
Japan’s 2011 current account surplus falls
February 8th, 2012 - 2:40 pm ICT by IANS
Tokyo, Feb 8 (IANS) Japan's current account surplus in 2011 fell 43.9 percent, a record drop since 1985, said the government Wednesday.According to the data released by the finance ministry, ... Read more...
Posted in Business |
Poll official moved out from Kamat constituency
February 8th, 2012 - 12:38 am ICT by IANS
Panaji, Feb 7 (IANS) The Election Commission of India (ECI) Tuesday shunted out a district returning officer (DRO) in South Goa district which has Chief Minister Digambar Kamat's constituency of ... Read more...
Posted in Politics |
Japan intervened 5 times in foreign exchange market in Q4
February 7th, 2012 - 3:07 pm ICT by IANS
Tokyo, Feb 7 (IANS) The Japanese government carried out five rounds of interventions into the foreign exchange market in the last three months of 2011, spending about 9.09 trillion yen ... Read more...
Posted in Business |
`South Korean economic indicators weakening’
February 7th, 2012 - 3:03 pm ICT by IANS
Seoul, Feb 7 (IANS) The employment scenario in South Kore continues to improve, but other economic indicators have weakened amid persistent inflation, the finance ministry said Tuesday."Our economy saw employment ... Read more...
Posted in Business |
India introduces new policy to curb drugs trafficking
February 7th, 2012 - 12:15 am ICT by IANS
New Delhi, Feb 6 (IANS) India Monday introduced a comprehensive national policy to help curb trafficking in narcotic drugs."The national policy released today, presents evidence of India's strong commitment ... Read more...
Posted in Business |
Not got a single paisa in relief from central government: Bengal
February 6th, 2012 - 7:32 pm ICT by IANS
Kolkata, Feb 6 (IANS) Rejecting Congress spokesperson Abhishek Manu Singhvi's claim that the Mamata Banerjee-led dispensation has been given about Rs.8,000 crore aid in its first few months in ... Read more...
Posted in Business |
India needs to rebuilt its telecom narrative (Comment)
February 6th, 2012 - 12:02 pm ICT by IANS
Telecom sits on the top of the incredible India story. But the mess, evident in the award of second generation (2G) licences, shows how at least six principal characters worked overtime ... Read more...
Posted in Uncategorized |
Good judgment, it’s a relief: Pranab
February 4th, 2012 - 4:34 pm ICT by IANS
Kolkata, Feb 4 (IANS) Calling it a relief, Finance Minister Pranab Mukherjee Saturday welcomed a CBI special court's ruling dismissing a plea to make Home Minister P. Chidambaram an ... Read more...
Posted in Politics |
Trial court to decide on Chidambaram’s role in afternoon
February 4th, 2012 - 12:14 pm ICT by IANS
New Delhi, Feb 4 (IANS) The Patiala House trial court here Saturday deferred Janata Party chief Subramanian Swamy's plea to make union Home Minister P. Chidambaram a co-accused in ... Read more...
Posted in Uncategorized |
Tie-up with secular party for next Lok Sabha poll: Karunanidhi (Lead)
February 4th, 2012 - 1:15 am ICT by IANS
Chennai, Feb 3 (IANS) The DMK party would align with a secular party having the nation's interest in mind in the next Lok Sabha elections, party president M. Karunanidhi ... Read more...
Posted in Uncategorized |
Push key reforms: Industry’s budget wish list
February 3rd, 2012 - 8:36 pm ICT by IANS
New Delhi, Feb 3 (IANS) Corporate India Friday urged Finance Minister Pranab Mukherjee to push forward key reforms such as the introduction of the goods and services tax in ... Read more...
Posted in Business |
2G verdict tight slap on government: Bal Thackeray
February 3rd, 2012 - 3:21 pm ICT by IANS
Mumbai, Feb 3 (IANS) The Supreme Court verdict cancelling 122 telecom licences issued in 2008 is a "tight slap" on the government's face, an editorial by Shiv Sena supremo ... Read more...
Posted in Uncategorized |
India raises base import price of gold, silver
February 1st, 2012 - 4:52 pm ICT by IANS
New Delhi, Feb 1 (IANS) India has raised the base import price of gold by 5.7 percent to $556 per 10 grams and that of silver by 12 percent to ... Read more...
Posted in Uncategorized |
India revises 2010-11 economic growth down to 8.4 percent
January 31st, 2012 - 9:17 pm ICT by IANS
New Delhi, Jan 31 (IANS) The Indian government Tuesday revised economic growth for 2010-11 down to 8.4 percent from the earlier estimate of 8.5 percent.
"The Gross Domestic Product (GDP) ... Read more...
Posted in Business |
Japan’s consumer prices drop a bit in December
January 28th, 2012 - 2:28 pm ICT by IANS
Tokyo, Jan 28 (IANS) Japan's core consumer prices fell 0.1 percent in December 2011 from a year earlier, marking the third consecutive month of decline with deflation expected to linger ... Read more...
Posted in Business |
Mukherjee to visit Chicago to sell India growth story
January 27th, 2012 - 7:26 pm ICT by IANS
New Delhi, Jan 27 (IANS) Finance Minister Pranab Mukherjee will try to sell the India growth story among top US business leaders and policy makers during his two-day official ... Read more...
Posted in Business |
India joins multilateral forum to curb tax evasion
January 27th, 2012 - 7:19 pm ICT by IANS
New Delhi, Jan 27 (IANS) In a bid to curb tax avoidance and evasion, India has joined a multilateral forum of which there are over 30 members, including the US, ... Read more...
Posted in Uncategorized |
German court bans ‘Mein Kampf’ excerpts
January 26th, 2012 - 3:53 pm ICT by IANS
Moscow, Jan 26 (IANS/RIA Novosti) A court in Munich has banned British publisher Peter McGee from printing excerpts in Germany from Adolf Hitler's "Mein Kampf" because it breaches copyright laws.McGee ... Read more...
Posted in World |
Government studying court ruling on Vodafone tax dispute
January 25th, 2012 - 7:00 pm ICT by IANS
New Delhi, Jan 25 (IANS) The Indian government is studying the Supreme Court verdict on UK telecom Vodafone's $2.2 billion tax liability and will take appropriate action accordingly, Finance ... Read more...
Posted in Business |
Japan posts first annual trade deficit in 31 years in 2011
January 25th, 2012 - 2:32 pm ICT by IANS
Tokyo, Jan 25 (IANS) Japan posted its first annual trade deficit since 1980, due to the affects of the March earthquake and tsunami and the yen's appreciation versus its major ... Read more...
Posted in Business |
China’s 2011 fiscal revenue hits $1.64 trillion
January 20th, 2012 - 6:01 pm ICT by IANS
Beijing, Jan 20 (IANS) China's fiscal revenue grew 24.8 percent year-on-year to hit a record high of 10.37 trillion yuan ($1.64 trillion) in 2011, said the finance ministry Friday.Of the ... 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 |
Tax sleuths to verify high-value transactions
January 18th, 2012 - 9:11 pm ICT by IANS
New Delhi, Jan 18 (IANS) The Indian government will run a special drive from Jan 20 to March 20 to verify high-value transactions including investments, deposits and expenditure in a ... Read more...
Posted in Business |
MSMEs want separate pre-budget meeting with finance minister
January 14th, 2012 - 6:41 pm ICT by IANS
New Delhi, Jan 14 (IANS) Micro, small and medium enterprises (MSME) want the finance minister to have a separate pre-budget meeting to assess their needs and not club them ... Read more...
Posted in Business |
German budget deficit in 2011 lower than expected
January 13th, 2012 - 3:32 pm ICT by IANS
Berlin, Jan 13 (IANS) Germany cut its budget deficit in 2011 to 17.3 billion euros ($22 billion), about three times less than originally forecast, the finance ministry said Thursday.Thanks to ... 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 |
Cabinet allows private sector to produce poppy concentrate
January 12th, 2012 - 3:56 pm ICT by IANS
New Delhi, Jan 12 (IANS) The union cabinet Thursday approved the Narcotic Drugs and Psychotropic Substances (NDPS) Policy under which a company or corporate body would be able to produce ... Read more...
Posted in Politics |
Moody’s upgrade India’s ratings, Sensex soars
January 10th, 2012 - 8:43 pm ICT by IANS
New Delhi, Jan 10 (IANS) Global credit rating agency Moody's Investor Services has raised India's sovereign credit ranking to investment grade.The Moody's upgraded the country's short-term foreign currency rating ... Read more...
Posted in Business |
India clears 20 FDI proposals worth $373 million
January 10th, 2012 - 7:20 pm ICT by IANS
New Delhi, Jan 10 (IANS) The Indian government Tuesday approved 20 foreign direct investment (FDI) proposals, including those of Sterlite Grid and TV Vision, amounting Rs.1,935.24 crore ($373 million), to ... Read more...
Posted in Business |
Spain to crack down on tax evasion
January 7th, 2012 - 3:05 am ICT by IANS
Madrid, Jan 7 (IANS/EFE) The Spanish government has said it will step up the fight against tax evasion in a bid to raise an additional 8.2 billion euros (around $10 ... Read more...
Posted in World |
India mulls bank account number portability
January 3rd, 2012 - 8:50 pm ICT by IANS
New Delhi, Jan 3 (IANS) After allowing portability of mobile numbers and health insurance policies, the Indian government plans to give customers the flexibility to change his/her bank without changing ... Read more...
Posted in Business |
