ADB approves $180 mn loan to help Nepal overcome power shortages<br/>

The Asian Development Bank (ADB) has approved a 180 million dollars loan to help Nepal overcome its crippling power shortages and export surplus power to neighboring India. The loan will help Nepal Electricity Authority (NEA) finance a substantial upgrade and expansion of transmission and distributi...

ADB approves $180 mn loan to help Nepal overcome power shortages

The Asian Development Bank (ADB) has approved a 180 million dollars loan to help Nepal overcome its crippling power shortages and export surplus power to neighboring India. The loan will help Nepal Electricity Authority (NEA) finance a substantial upgrade and expansion of transmission and distributi...

India-Kuwait bilateral trade crosses $18 bn mark in 2013-14

Kharif sowing crosses over 182 lakh hectare

Kharif sowing has crossed more than 182 lakh hectare in the country. As per the latest reports released by the Ministry of Agriculture, rice has been sown in more 45 lakh hectares and pulses of 7.5 lakh hectares. Coarse cereals have been 28 lakh hectares and oilseeds in 14.50 lakh hectares. Accordin...

Oil prices mixed in Asian trade

Oil prices were mixed in Asia today as dealers weigh easing concerns about the insurgency in Iraq with upbeat sentiment about US demand following strong jobs data.US benchmark West Texas Intermediate for August delivery eased one cent to 104.05 dollars while Brent crude rose 18 cents to 110.82 dolla...

Hoarding to be non-bailable offence; fund to stabilise prices: Govt

Seeking to check rising prices, the government on Friday decided to amend the law to make hoarding a non-bailable offence and set up a price stabilisation fund to enable states to undertake market intervention.Asserting that there was no cause for panic as there were sufficient food stocks, the gove...

Retail sector expects Centre to focus on rationalization of tax regimes

On Nerandra Modi&apos;s maiden budget AIR correspondent reports that the retail sector expects the government to focus on rationalization of tax regimes, minimizing production costs, correcting supply chain bottlenecks and increase in the growth-oriented investments. The Confederation of the All...

Finance Minister to present Union Budget on July 10

The Budget Session of Parliament will begin tomorrow. Finance Minister Arun Jaitley will present Narendra Modi-led NDA government&apos;s maiden budget on the 10th of this month. The Economic Survey will be released on the 9th July and the Railway Budget on the 8th. The session, ending on 14th Au...

Govt rules out any immediate hike in prices of LPG, Kerosene

Petroleum and Natural Gas Minister Dharmendra Pradhan has said that government will continue with the extant pricing policy of petroleum and LPG. Ruling out any immediate hike in prices of LPG and kerosene he said the new government will continue with the policy of subsidising cooking fuels, kerosen...

FII inflows hit $20-bn mark in first half of 2014

Foreign institutional Investors, FIIs have pumped in a staggering over 20 billion US Dollars in the Indian market in the first half of the year, mainly on hopes of a stable and reform-oriented government at the Centre. The net investments by foreign investors into equity markets stood at 9.96 billio...