Govt determined to push share of manufacturing in GDP to 25 %: Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman has said government wants to make India a global destination for manufacturing and it has a huge potential to be so. Speaking at a function to launch Make India Campaign in New Delhi today, she said government is determined to push the share of manuf...

Rupee weakens by 5 paise against dollar

The rupee weakened by five paise to 61 rupees, 01 paise against the US dollar at the Interbank Foreign Exchange market on high demand for the American currency from importers. Forex dealers said increased demand for the US currency from importers and dollar's gain against other currencies o...

India needs "sensible" regulations to spur growth, says RBI governor

RBI governor Dr. Raghuram Rajan has said that India needs to have "clever and sensible" regulations to create a business-friendly environment.Addressing the 58th annual general meeting of Indo-German Chamber of Commerce in Mumbai on Wednesday, Dr. Rajan added that the regulations m...

SC's verdict on coal blocks a bit harsh: ASSOCHAM<br/>

Industry bodies say that the Supreme Courts decision to cancel coal block allocation will impact power generation capacity in the country. Speaking to AIR, ASSOCHAM Secretary General D S Rawat said today&apos;s decision is bit harsh and it will negatively impact the economy. He also said that ne...

Alliance Air signs MoU with NE Council for flight operations

Alliance Air, the wholly owned subsidiary of Air India, today signed a Memorandum of Understanding with the North East Council for flight operations in the North East. Under the MoU, Alliance Air will provide air services to Shillong, Tezpur, Lilabari, Silchar and Guwahati till 31st of March 2016. N...

Augusta Westland chopper deal: ED arrests businessman Gautam Khaitan

The Enforcement Directorate, ED, has arrested businessman Gautam Khaitan in money laundering probe in VVIP choppers deal case. Khaitan is the first arrest carried out by the ED in the Rs 3,600-crore Agusta Westland chopper deal. He was an ex-board member of an accused company. The agency, which is t...

Govt working to form new MSMEs policy: Kalraj Mishra

Government is working to form a new MSMEs policy keeping in view the industry policy of state governments. Addressing Media in New Delhi, Micro Small and Medium Enterprises minister Kalraj Mishra said, MSME is the backbone of Indian economy and it plays an important role in generating employment. Th...

Dushyant Dushiant bags bronze in Rowing; Saina Nehwal, P V Sindhu to begin Singles campaign

Govt working to form new MSMEs policy: Kalraj Mishra

Government is working to form a new MSMEs policy keeping in view the industry policy of state governments. Addressing Media in New Delhi today, Micro Small and Medium Enterprises minister Kalraj Mishra said, MSME is the backbone of Indian economy and it plays an important role in generating employme...

Indian industry capable to face challenge of Chinese goods: Nirmala Sitaraman

MOS Commerce, Industry and Finance Nirmala Sitaraman has said that Indian industry is capable enough to face the challenge of Chinese goods. Addressing the concluding function of India Industrial Fair at Jodhpur, she said that government is committed to promote and protect small industries. She said...