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December 1, 2014 11:05 AM
Oil prices fell further in Asia today to a five-year low, continuing a steep sell-off sparked by Organization of Petroleum Exporting Countries, OPEC's decision to maintain crude output in an over supplied market. The unabated price plunge comes after OPEC opted on Thursday to maintain its c...
November 30, 2014 8:49 PM
Union Finance Minister Arun Jaitley has said that the Government is committed to go ahead with reforms measures to take India back to original potential of 8 percent economic growth.Outlining the government's priorities like introduction of Goods and Services Tax in the ongoing Winter Sessi...
November 30, 2014 12:46 PM
Country's biggest oil company Indian Oil Corporation is looking at setting up a greenfield refinery on the West coast as part of its expansion plans.Talking to reporters in Mumbai, Indian Oil Corporation Chairman B Ashok said, with the growth in the economy, there is a need for green field ...
November 30, 2014 11:36 AM
The Comptroller and Auditor General (CAG) has found that railways suffered loss to the tune of over Rs. 314 crore due to under-utilisation of parcel cargo express trains (PCET) and blamed the Railway Board for the lack of coordination and non-enforcement of the scheme. The railways authorities had i...
November 30, 2014 8:37 AM
President Pranab Mukherjee ?express?ed confidence that India will soon achieve 8 to 9 percent annual growth and become a three trillion dollars economy.He asked social scientists to identify how growth can be achieved without destruction of environment. Mr. Mukherjee said climate change and erratic ...
November 29, 2014 10:19 AM
The Reserve Bank of India has said that the country's foreign exchange reserves dipped by 672.4 million US dollars to 314.878 billion dollar due to a decline in core currency assets.As per the data, total reserves were up by 419.4 million dollar to 315.55 billion during the previous reporti...
November 29, 2014 8:06 AM
The Reserve Bank has eased the restrictions on gold imports by scrapping the 80:20 scheme, under which it was mandatory to export at least 20 per cent of the imported metal. The move is expected to bring down the price of the precious metal.The 80:20 scheme was put in place in August last year to cu...
November 28, 2014 9:45 PM
The Reserve Bank of India has allowed banks to extend loans up to Rs 10 lakh to individuals against long-term infrastructure bonds issued by them, thus easing loan norms for low-cost housing. In a notification yesterday , the RBI said that loans ceiling and tenure should be within the maturity perio...
November 28, 2014 8:57 PM
Government says, there is no proposal under consideration currently to change the tax structure or alter the limits of tax on beedi production. Health Minister J P Nadda informed this in Lok Sabha today. The Minister also said that as per information received from Ministry of Finance, there is no pr...
November 28, 2014 8:56 PM
Ending months-long deadlock, the WTO has approved a trade facilitation agreement (TFA) while agreeing to India's demand for continuing the peace clause till a permanent solution is found to the food stockpiling issue, crucial for continuing food security scheme. The WTO's General C...
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