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July 15, 2014 6:35 AM

WTO backs key Indian claims in case against US steel products<br/>

The World Trade Organisation has backed some key claims made by India against the UScountervailing duties on certain steel products. A WTO dispute settlement panel said yesterday that the United States broke global trade rules by slapping import duties on Indian steel products. The panel said, the U...

July 14, 2014 8:41 PM

Retail inflation falls to 30-month low of 7.31 % in June

Retail inflation fell to a 30-month low of 7.31 per cent in June this year, mainly on account of lower prices of food items, including vegetables, cereals, and meat. Retail inflation as measured by the consumer price index had stood at 8.28 per cent in May this year.As per data released by the gover...

July 14, 2014 2:23 PM

Inflation falls to 5.43% in June

Inflation dipped to 5.43 per cent in June mainly on account of decline in prices of food items and vegetables with the exception of potato and onion after rising to a five-month high in May. It was at 5.16 per cent a year ago in June 2013.As per the Wholesale Price Index, WPI, inflation, prices of v...

July 14, 2014 2:21 PM

FM says, budget is beginning of the journey & he did all he could do

Brushing aside criticism of not having done enough reforms in the Budget, Finance Minister Arun Jaitley has said this was the beginning of the journey and he did all he could do under the given circumstances. In an interview to a news agency, Mr. Jaitley said the government has taken necessary steps...

July 12, 2014 8:46 PM

FM justifies hike in FDI in defence sector, says it will cut down import

Finance Minister Arun Jaitley today defended the government&apos;s decision to allow 49 per cent foreign direct investment in defence sector. He said he will prefer companies headed by Indians with 49 per cent FDI manufacturing defence equipment in India rather than opting for imports. He said U...

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