RBI ticks off SBI chairman
August 27th, 2012 - 9:07 pm ICT by IANS
Chennai, Aug 27 (IANS) A senior Reserve Bank of India (RBI) official Monday ticked off the chairman of State Bank of India (SBI) in public, saying he should look ... Read more...
Posted in Business |
Finance ministry advisor suggests small diesel price decontrol
June 13th, 2012 - 12:06 am ICT by IANS
Bangalore, June 12 (IANS) The finance ministry's Chief Economic Advisor, Kaushik Basu Tuesday favoured decontrol of diesel price in a small and intelligent way to insulate the country from spiralling global ... Read more...
Posted in Business |
Petrol price hiked by Rs.7, opposition and allies fret (Intro Roundup)
May 23rd, 2012 - 11:58 pm ICT by IANS
New Delhi, May 23 (IANS) India Wednesday hiked petrol prices by an unprecedented over Rs.7 a litre, triggering protests from the opposition and even government allies. But the industry ... Read more...
Posted in Politics |
Sri Lankan tea production drops
April 25th, 2012 - 4:19 pm ICT by IANS
Colombo, April 25 (IANS) Sri Lanka's tea production fell 22.6 percent in March compared with the same period of 2011, said the state-run Tea Board Wednesday, fueling fears that the ... Read more...
Posted in Business |
China becomes world’s largest food market
April 9th, 2012 - 9:52 am ICT by IANS
Beijing, April 9 (IANS) China is now the world's largest food and grocery market, having overtaken the US in terms of sales in 2011, a market research firm said.British food ... Read more...
Posted in Business |
India to continue Iran oil supplies: Reddy
March 13th, 2012 - 10:47 pm ICT by IANS
Hyderabad, March 13 (IANS) India will continue its oil supplies from Iran, Petroleum Minister S. Jaipal Reddy said here Tuesday."We'll continue to receive supplies from Iran," Reddy said in answer ... Read more...
Posted in Uncategorized |
Indians help revive tea estates in Malawi
November 30th, 2011 - 1:40 pm ICT by IANS
Accra, Nov 30 (IANS) A group of Indian experts is helping revive tea cultivation in Malawi in southern Africa and has so far succeeded in putting 8,500 acres of ... Read more...
Posted in Business |
Fuel prices to fall if global prices dip further (Lead)
August 9th, 2011 - 9:11 pm ICT by IANS
New Delhi, Aug 9 (IANS) The government Tuesday said that prices of petrol and other fuel could be lowered if global crude prices continue to slip further.A fall in ... Read more...
Posted in Business |
Global prices making oil subsidies difficult: Pranab
August 4th, 2011 - 3:28 pm ICT by IANS
New Delhi, Aug 4 (IANS) Finance Minister Pranab Mukherjee Thursday blamed high oil prices internationally for rising inflation in the country and said it was with great difficulty that ... Read more...
Posted in Business |
Haryana waives VAT on kerosene
June 26th, 2011 - 10:45 pm ICT by IANS
Chandigarh, June 26 (IANS) Marginally lessening the burden on the people of Haryana from the recent hike in kerosene prices, the state government Sunday waived the value added tax ... Read more...
Posted in Business |
Sensex dull; oil prices, auto stocks depress markets
June 10th, 2011 - 12:44 pm ICT by IANS
Mumbai, June 10 (IANS) A benchmark index for Indian equities markets Friday continued to trade listless amid dull global cues. Auto stocks were among bigger losers at this time ... Read more...
Posted in Business |
Cheer for buyers as gold prices dip on Akshaya Tritiya (Roundup)
May 6th, 2011 - 10:12 pm ICT by IANS
New Delhi, May 6 (IANS) Buyers in India were greeted by a pleasant surprise Friday as prices of gold that had been rising steadily in the past, fell by around ... Read more...
Posted in Uncategorized |
Gold prices dip an added draw to Akshaya Tritiya buyers (Lead)
May 6th, 2011 - 6:13 pm ICT by IANS
New Delhi, May 6 (IANS) Friday saw gold rush in Delhi, with buyers thronging jewellery shops after prices of the precious metal dipped by around Rs.500 per 10 gm, ... Read more...
Posted in Business |
Volatile crude prices a challenge for inflation-hit India: Pranab
May 5th, 2011 - 8:52 pm ICT by IANS
Hanoi, May 5 (IANS) Finance Minister Pranab Mukherjee Thursday said that recent volatility in global prices of crude and food items was a challenge for India, which was already ... Read more...
Posted in Business |
Venezuela to spend oil income on social programmes (Lead)
April 23rd, 2011 - 5:58 pm ICT by IANS
Caracas, April 23 (IANS) Venezuelan President Hugo Chavez has announced that extra income from the country's oil exports will be used for social spending.Venezuela, South America's biggest oil producer, has ... Read more...
Posted in Business |
Chavez vows to spend extra income from oil on social programmes
April 23rd, 2011 - 4:33 pm ICT by IANS
Caracas, April 23 (IANS) Venezuelan President Hugo Chavez has announced that extra income from the country's oil exports will be used for social spending.Venezuela, South America's biggest oil producer, has ... Read more...
Posted in Business |
Hindus ask for urgent solution to rising world food prices
April 15th, 2011 - 3:11 pm ICT by ANI
Nevada (US), April 15 (ANI): Hindus have expressed serious concerns at the recent historic rise in global food prices.Distinguished Hindu statesman Rajan Zed, in a statement in Nevada (USA) today, said that ... Read more...
Posted in World |
High prices of food, fuel threatening the poor: World Bank
April 14th, 2011 - 10:00 pm ICT by IANS
Washington, April 14 (IANS) Volatile food and fuel prices are threatening the world's poor, World Bank President Robert Zoellick said Thursday.Time should not be wasted in taking measures to tackle ... Read more...
Posted in World |
Failure in rebalancing China’s economy may jeopardize growth: Paul J. Heytens
April 7th, 2011 - 6:39 pm ICT by ANI
Beijing, Apr 7 (ANI): A senior Asian Development Banks (ADB) official has said the country's economy carries very little risk of a hard landing, but any failure in implementing the government's agenda ... Read more...
Posted in World |
India’s merchandise exports up in January, oil imports down
March 1st, 2011 - 4:11 pm ICT by IANS
New Delhi, March 1 (IANS) India's merchandise exports were up over 32 percent in January even as oil imports, over which government has expressed worry because of rising global prices, were actually ... Read more...
Posted in Business |
Finance Minister set to present budget Feb 28
February 26th, 2011 - 6:29 pm ICT by IANS
New Delhi, Feb 26 (IANS) Finance Minister Pranab Mukherjee is set to present his sixth national budget Monday, with people hoping for measures that will help them brave high prices and ... Read more...
Posted in Business |
Markets in dump as crude oil spike jitters global bourses
February 22nd, 2011 - 12:54 pm ICT by IANS
Mumbai, Feb 22 (IANS) Indian equities markets Tuesday were ruling weak as the global prices of crude spiked following protests in Libya and Bahrain, making traders nervous and resulting in a ... Read more...
Posted in Business |
Sugar policy must create export surplus, not induce imports (Comment)
February 8th, 2011 - 4:18 pm ICT by IANS
By Abinash Verma
There is a huge opportunity this year for the sugar industry to sustain a high output. But meaningless controls will only convert the opportunities to threats and create hurdles for ... Read more...
Posted in Business |
Don’t regulate diesel prices: Montek Singh Ahluwalia
December 30th, 2010 - 12:13 am ICT by IANS
Chandigarh, Dec 29 (IANS) Diesel prices should not be regulated so that they can be aligned with international levels, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday."I think diesel prices ... Read more...
Posted in Business |
Duty free raw silk import by Handloom Corporation allowed
August 12th, 2010 - 9:08 pm ICT by ANI
New Delhi, Aug. 12 (ANI): The Government informed on Thursday that a duty free import of raw silk by the National Handloom Development Corporation has been allowed."In order to mitigate the ... Read more...
Posted in National |
Chandrababu Naidu stages bullock cart protest to oppose fuel price hike
March 2nd, 2010 - 7:04 pm ICT by ANI
By JyothiHyderabad, March 2 (ANI): Former Andhra Pradesh Chief Minister N Chandrababu Naidu and other his party leaders on Tuesday took out a protest march riding a bullock cart upto the ... Read more...
Posted in Feature |
Sugar output for 2009-2010 would exceed 16 million tonnes: Sharad Pawar
February 27th, 2010 - 1:07 pm ICT by ANI
New Delhi, Feb 27 (ANI): Union Agriculture Minister Sharad Pawar has said that the sugar output for the marketing year (0ctober 1, 2009 to September 30, 2010) would exceed 16 million tonnes ... Read more...
Posted in National |
Petrol, diesel prices to increase from midnight (Second Lead)
February 26th, 2010 - 11:07 pm ICT by IANS
New Delhi, Feb 26 (IANS) Petrol and diesel prices will increase by six to eight percent from Friday midnight after Finance Minister Pranab Mukherjee's budget restored basic duty on the fuels ... Read more...
Posted in Business |
Petrol, diesel prices likely to increase from midnight (Lead)
February 26th, 2010 - 5:36 pm ICT by IANS
New Delhi, Feb 26 (IANS) Petrol prices are expected to increase by Rs.2.71 per litre and those of diesel by Rs.2.55 per litre from midnight Friday following Finance Minister Pranab Mukherjee's ... Read more...
Posted in Business |
Fuel prices to rise after Pranab’s budget
February 26th, 2010 - 4:03 pm ICT by IANS
New Delhi, Feb 26 (IANS) Fuel prices in the country are set to increase with Finance Minister Pranab Mukherjee Friday announcing restoration of basic duty on petrol, diesel and crude petroleum ... Read more...
Posted in Business |
BJP demands parliamentary probe on price rise
February 25th, 2010 - 4:30 pm ICT by ANI
New Delhi, Feb 25 (ANI): The opposition led by the Bharatiya Janata Party (BJP) has demanded a Joint Parliamentary Committee (JPC) probe into the alleged 'food scam' that has led to ... Read more...
Posted in National |
No fuel price hike till committee submits report: Deora
February 1st, 2010 - 3:23 pm ICT by IANS
New Delhi, Feb 1 (IANS) Petroleum Minister Murli Deora Monday indicated that transport fuel prices will not increase till the Kirat Parikh committee submits its report.
The Kirat Parikh committee was constituted ... Read more...
Posted in Business |
EXpert group’s report on fuel pricing by month-end
January 20th, 2010 - 6:20 pm ICT by IANS
New Delhi, Jan 20 (IANS) An expert committee on fuel pricing, headed by eminent economist and former Planning Commission member Kirit Parikh, will submit its recommendations Jan 31.
"I will give my ... Read more...
Posted in Business |
Oil firms may be given Rs.12,000 crore compensation
January 15th, 2010 - 9:47 pm ICT by IANS
New Delhi, Jan 15 (IANS) The finance ministry may offer oil marketing companies a Rs.12,020 crore as compensation for underwriting their losses -- less than half of what the petroleum ... Read more...
Posted in Business |
RIL can’t enter private pacts for gas supply: Oil ministry
November 18th, 2009 - 4:23 pm ICT by IANS
New Delhi, Nov 18 (IANS) The oil ministry Wednesday asserted before the Supreme Court that the government's production-sharing contract with the Mukesh Ambani-led Reliance Industries Ltd (RIL) bars the company from private ... Read more...
Posted in Business |