Pranab, jewellers to discuss contentious new levies
April 5th, 2012 - 11:32 pm ICT by IANS
Mumbai, April 5 (IANS) In an effort to break the deadlock over the recent hike in duties affecting the gems and jewelery industry, Union Finance Minister Pranab Mukherjee will ... Read more...
Posted in Business |
Lalu Prasad takes jewellers’ concerns to Mukherjee
April 5th, 2012 - 9:29 pm ICT by IANS
New Delhi, April 5 (IANS) A group of jewellers led by Rashtriya Janata Dal leader Lalu Prasad met Finance Minister Pranab Mukherjee Thursday to press their demand to roll ... Read more...
Posted in Business |
Chidambaram overruled officials on 2G, apex court told
April 4th, 2012 - 10:42 pm ICT by IANS
New Delhi, April 4 (IANS) The Supreme Court was told Wednesday that Home Minister P. Chidambaram, in his earlier capacity of finance minister, overruled officials who favoured an upward ... Read more...
Posted in Business |
Government invites jewellers for talks
April 4th, 2012 - 9:13 pm ICT by IANS
New Delhi, April 4 (IANS) The government Wednesday said it will hold talks with jewellers who have been protesting for the last three weeks against the budgetary proposals to ... Read more...
Posted in Uncategorized |
Tax on gold amounts to taxing culture: Congress MP
April 4th, 2012 - 2:38 pm ICT by IANS
Panaji, April 4 (IANS) Finance Minister Pranab Mukherjee's move to tax gold has come in for criticism from Goa's Congress MP Shantaram Naik, who has said that a tax ... Read more...
Posted in Politics |
Moody’s raises South Korea’s credit outlook to positive
April 2nd, 2012 - 1:28 pm ICT by IANS
Seoul, April 2 (IANS) Global credit rating agency Moody's raised its outlook for South Korea's long-term sovereign credit rating to positive from stable, the country's finance ministry said Monday.According to ... Read more...
Posted in Business |
Income Tax offices to remain open Saturday
March 30th, 2012 - 8:36 pm ICT by IANS
New Delhi, March 30 (IANS) Income Tax offices across the country will remain open Saturday, March 31, the last day of the current financial year, to facilitate filing of income ... Read more...
Posted in Business |
$826 million ADB loan to India for power transmission
March 30th, 2012 - 8:20 pm ICT by IANS
New Delhi, March 30 (IANS) The Asian Development Bank (ADB) Friday offered $826 million in loans to India for improving the power transmission systems in the country.The money will be ... 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 |
Gilani grants Rs.6 bn for overcoming power crisis
March 30th, 2012 - 3:11 pm ICT by IANS
Islamabad, March 30 (IANS) Pakistani Prime Minister Yousuf Raza Gilani has ordered the finance ministry to release Rs.6 billion ($66 million) to the water and power ministry for overcoming ... Read more...
Posted in World |
Interest rates on small savings raised by up to 0.50 percent
March 26th, 2012 - 8:57 pm ICT by IANS
New Delhi, March 26 (IANS) The government Monday announced raising of interest rates on small savings such as National Savings Certificate (NSC), Public Provident Fund (PPF) and post office deposits ... Read more...
Posted in Business |
Budget has dampened growth prospects: Arun Jaitley
March 26th, 2012 - 7:45 pm ICT by IANS
New Delhi, March 26 (IANS) Slamming the union budget as lacking in potential, Leader of Opposition in the Rajya Sabha Arun Jaitley Monday said the budget has dampened the ... 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 |
Russia exported $4 bn worth diamonds: India major buyer
March 23rd, 2012 - 12:35 pm ICT by IANS
Moscow, March 23 (IANS/RIA Novosti) Russia last year exported over 32 million carats of uncut rough diamonds worth $3.81 billion, the finance ministry said. India, Belgium and Israel were the ... Read more...
Posted in Business |
Japan books trade surplus
March 22nd, 2012 - 7:58 pm ICT by IANS
Tokyo, March 22 (IANS) Japan booked its first trade surplus in five months for February as strong exports to the US overweighed declines in those to Europe and Asia, government ... Read more...
Posted in Business |
India readies to select mid-air refueler
March 21st, 2012 - 8:58 pm ICT by IANS
New Delhi, March 21 (IANS) India is readying to select the winner of the $2-billion tender for six mid-air refuelers for its air force, with both the contending planes from ... Read more...
Posted in Business |
Government plea on Vodafone tax verdict dismissed (Second Lead)
March 20th, 2012 - 10:10 pm ICT by IANS
New Delhi, March 20 (IANS) The government Tuesday suffered a setback as the Supreme Court dismissed its plea for a review in the Rs.11,218 crore ($2.2 billion) tax dispute ... Read more...
Posted in Business |
Government’s plea for Vodafone verdict review dismissed (Lead)
March 20th, 2012 - 7:13 pm ICT by IANS
New Delhi, March 20 (IANS) In a setback for the government, the Supreme Court Tuesday dismissed its plea seeking a review of its verdict quashing the income tax order asking ... Read more...
Posted in Business |
Pakistani government plans novel housing move
March 20th, 2012 - 1:19 pm ICT by IANS
Islamabad, March 20 (IANS) The Pakistani government plans to ask its employees occupying 28,000 official residences across the country to vacate so that they can be used for commercial purposes.The ... Read more...
Posted in South Asia |
Budget: A manuscript of good intentions? (News Analysis)
March 16th, 2012 - 6:56 pm ICT by IANS
New Delhi, March 16 (IANS) It has made all the right noises about the need to reform and prune subsidies, and even extends incentives to tax payers. But without ... Read more...
Posted in Business |
Over 17 percent hike in education budget (Lead)
March 16th, 2012 - 6:29 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday announced over 17 percent hike in the budgetary allocation for education with an increased spending on the Sarva Shiksha ... Read more...
Posted in Business |
‘Budget ineffective, clerical; will burden common man’ (Second Lead)
March 16th, 2012 - 4:52 pm ICT by IANS
New Delhi, March 16 (IANS) The Left parties Friday termed the budget for 2012-13 "clerical" and "ineffective" and said it would increase the burden on the common man."It is ... Read more...
Posted in Politics |
Budget is ineffective and clerical, says CPI (Lead)
March 16th, 2012 - 4:25 pm ICT by IANS
New Delhi, March 16 (IANS) The Communist Party of India (CPI) Friday slammed the union budget for 2012-13 as "clerical" and "ineffective"."It is an absolute clerical and ineffective budget. ... Read more...
Posted in Politics |
Over 21 percent hike in RTE funds
March 16th, 2012 - 4:24 pm ICT by IANS
New Delhi, March 16 (IANS) Finance Minister Pranab Mukherjee Friday announced a hike of over 21 percent in the budget allocation for providing free and compulsory education to children ... Read more...
Posted in Business |
Budget is clerical, ineffective: CPI
March 16th, 2012 - 4:09 pm ICT by IANS
New Delhi, March 16 (IANS) The budget for 2012-13 was "absolutely clerical" and "ineffective", Communist Party of India (CPI) leader Gurudas Dasgupta said Friday.The budget could have been prepared ... Read more...
Posted in Politics |
IMF approves $36 bn funding for Greece
March 16th, 2012 - 9:02 am ICT by IANS
Moscow, March 16 (IANS/RIA Novosti) The International Monetary Fund (IMF) will allocate 28 billion euro (over $36 billion) to support Greece's economic programme over the next four years, the IMF ... Read more...
Posted in Business |
Firewalls needed between banks and insurance firms: Survey
March 15th, 2012 - 6:22 pm ICT by IANS
Chennai, March 15 (IANS) The Economic Survey tabled in parliament Thursday voiced concern about the growing linkages between the banking and insurance sectors and said firewalls should be built between ... Read more...
Posted in Business |
Brazil must keep currency competitive, says minister
March 14th, 2012 - 11:39 am ICT by IANS
Brasilia, March 14 (IANS/EFE) The Brazilian government does not intend to directly intervene in the currency market, but will continue taking steps to stop the real from rising to a ... Read more...
Posted in Business |
Stage set for another railway budget
March 13th, 2012 - 3:52 pm ICT by IANS
New Delhi, March 13 (IANS) With passenger fares unlikely to be hiked, Railway Minister Dinesh Trivedi will present his maiden railway budget for 2012-13 Wednesday amid concerns over the ... Read more...
Posted in Business |
South Korea faces consumer price instability
March 6th, 2012 - 1:55 pm ICT by IANS
Seoul, March 6 (IANS) South Korean economy is facing consumer price instability amid higher oil prices, the finance ministry said Tuesday."Our economy saw employment maintain its recovery trend, and major ... Read more...
Posted in Business |
India launches $2 billion infrastructure debt fund
March 5th, 2012 - 9:03 pm ICT by IANS
New Delhi, March 5 (IANS) The government, in partnership with private lenders ICICI Bank and the Citigroup, Monday launched a $2 billion infrastructure debt fund to meet long-term ... Read more...
Posted in Business |
Bids worth Rs.12,766.75 crore received for ONGC shares
March 2nd, 2012 - 8:48 pm ICT by IANS
New Delhi, March 2 (IANS) The government Friday said it has received valid bids worth Rs.12,766.75 crore for divesting its five percent stake in the Oil and Natural Gas ... Read more...
Posted in Uncategorized |
Russia’s external debt down 10 percent to $36 bn
March 1st, 2012 - 11:01 pm ICT by IANS
Moscow, March 1 (IANS/RIA Novosti) The Russian government's external debt declined by 10.4 percent in 2011 to $35.8 billion, the finance ministry said Thursday.In euro terms, Russia's sovereign debt declined ... Read more...
Posted in Politics |
Chidambaram’s role in 2G pricing: Hearing in mid-March (Lead)
March 1st, 2012 - 10:38 pm ICT by IANS
New Delhi, March 1 (IANS) The Supreme Court will hear in mid-March a plea for a probe into the role of P. Chidambaram, then the finance minister, in the ... Read more...
Posted in Business |
China invests $19 bn in forestry sector
February 27th, 2012 - 11:15 pm ICT by IANS
Beijing, Feb 27 (IANS) China invested over 120 billion yuan (about $19 billion) in the forestry sector in 2011 after noticing a year-on-year growth of over 27 percent, according to ... Read more...
Posted in Environment |