Business

June 23, 2014 1:46 PM

India to get Swiss bank details on untaxed wealth

In a major boost to India's fight against black money, Switzerland has prepared a list of Indians suspected to have stashed un-taxed wealth in various Swiss banks. News agency PTI quoting a Swiss government official source said the details are being shared with the Indian government. The of...

June 23, 2014 12:47 PM

Centre to hike import duty on sugar to 40% from current 15%

The Centre has decided to extend Sugar Export subsidy of three thousand three hundred rupees per tonne till September. Food Minister Ram Vilas Paswan told reporters in New Delhi today that government will give additional interest free loans of four thousand four hundred crore rupees to cash-starved ...

June 23, 2014 12:37 PM

Centre to extend Sugar Export subsidy of Rs. 3,300/tonne till Sept

The Centre has decided to extend Sugar Export subsidy of three thousand three hundred rupees per tonne till September. Food Minister Ram Vilas Paswan told reporters in New Delhi today that government will give additional interest free loans of four thousand four hundred crore rupees to cash-starved ...

June 23, 2014 10:31 AM

Oil prices edges up in Asian trade

Oil prices have edged higher in Asia on continued violence in Iraq.US benchmark West Texas Intermediate was up 31 cents to 107.14 dollars while Brent crude gained 35 cents to 115.16 dollars in mid-morning trade.The violence in Iraq has a direct bearing on global crude prices because the country is t...

June 22, 2014 12:13 PM

Foreign investors pour over $ 5 billion in Indian market

Foreign investors have injected over 5 billion US dollars into Indian markets so far this month, taking the overall net inflows to over 20 billion US dollars since the beginning of 2014.According to the latest market data, an amount of 2.35 billion US dollars equivalent to about 14 thousand crore ru...

June 21, 2014 8:10 PM

FM justifies rail fare hike, says it is a difficult but correct decision

Finance Minister Arun Jaitely has justified the government decision to hike passenger fare and freight charges of Railways saying that it is difficult but a correct decision. In a Facebook post, Jaitely said that the Indian Railways for the last few years have been running at a loss and the only way...

June 21, 2014 7:15 PM

FM terms rail fare & freight hike as difficult but correct decision

Finance Minister Arun Jaitely has justified the government decision to hike passenger fare and freight charges of Railways saying that it is difficult but a correct decision. In a Facebook post, Jaitely said that the Indian Railways for the last few years have been running at a loss and the only way...

June 21, 2014 12:29 PM

World Bank lowers India's GDP growth forecast to 5.5 per cent for 2014-15

The World Bank has lowered India's GDP growth forecast to 5.5 per cent for 2014-15, from the earlier forecast of 5.7 per cent. The World Bank report, however, said that India's growth would accelerate to 6.3 per cent in 2015-16, and 6.6 per cent in 2016-17.It attributed the acceler...

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