CII calls budget visionary

The Confederation of Indian Industry President Ajay SriRam described the budget as comprehensive and visionary. He said it covers wide areas and lays the foundation for the growth of economy

Positive budget says FICCI

Industry body FICCI has termed the budget as a positive one. FICCI President Siddharth Birla said the emphasis on infrastructure, fiscal prudence and investment will bring the economy back on track faster.

Budget 2014 -'15: Several measures announced to boost domestic production

The Finance Minister has proposed several measures in the manufacturing sector to boost domestic production. The budget proposes investment allowance at the rate of 15 per cent to a company that invest more than 25 crore rupees in a year in new plant and machinery. The benefit will continue for thre...

Egypt challenges statue sale by Christies today

The Egypt's Antiquities Ministry has challenged the sale of a 4,000 year old statue by Northampton Borough Council. The Sekhemka statue of a priest or court official said to be worth up to 6 million ponds, is due to go for auction at Christie's in London today. The Cairo based mini...

Somalia piracy will drop if country's economy developed : Study

Piracy off Somalia's coast would fall sharply if the country's economy was more developed, a study says. It adds that local elites and communities in remote areas protect pirates because they lack an income. Foreign navies have a strong presence around Somalia in order to keep ship...

EU council mulling further sanctions against Russia

The European Union Council, at a meeting in Brussels yesterday, considered further sanctions against Russia, but made no decision, a senior diplomat said adding that the council would return to the matter. The meeting had been expected to result in an extension to the list of Russians to be forbidde...

Guj bizmen hope for growth with reforms in Budget

Singapore to partner Vibrant Gujarat biennial Investors meet

Singapore will become a"partner country" in the biennial Vibrant Gujarat Global Investors' Summit to be held in 2015. Singapore's Consul General in India Ajit Singh said this on Wednesday after meeting Chief Minister Anandi Patel at Gandhinagar. According to a rel...

Delhi Trade and Tax dept conducts raids against evaders

The Trade and Tax Department of the Delhi government has conducted raids against 43 fraudulent dealers and tax evaders. Commissioner of Trade and Tax Department Amit Yadav said, the department has cancelled the registration of these dealers. He said the department will continue raids all over the ci...

Economic Survey evokes mixed response from Industry, Business chambers

The Economic Survey has evoked mixed response from the Industry and Business chambers.The FICCI president Siddharth Birla said that the survey has presented a balanced picture for the year ahead and also identified crirtical areas to deal with economic crises.Director General of Confederation of Ind...