Shipping Ministry has met target of awarding 30 port projects: Vasan

Union Shipping Minister G K Vasan has said his ministry has met the target of awarding 30 port projects, which entail an investment of over Rs 21,000 crores. This is the best achievement in the history and Ministry has already met the target for 2013-14. Mr. Vasan told this to reporters on Wednesday...

CAD narrows sharply to 0.9% of GDP in 3rd quarter of current fiscal compared to year-ago quarter

The country's current account deficit, CAD, narrowed sharply to 4.2 billion dollars, or 0.9 per cent of GDP, in the third quarter of the current fiscal, compared to the year-ago quarter. Releasing the external sector data, the Reserve Bank said the CAD fell due to a pick-up in exports, and ...

5 day India-Pak International Trade in Jalandhar from tomorrow

To promote bilateral trade between India and Pakistan, PHD Chamber of Commerce and Industry is organising a five-day India-Pakistan International Trade in Jalandhar from tomorrow. This is the second in a row at Jalandhar. Disclosing this in a press conference at Jalandhar, today, Director of PHD Cha...

Finance Minister P Chidambaram has asked public sector banks to focus on recovery of non- performing assets or bad loans, which happen to be high among large corporate accounts.Addressing a press conference after reviewing performance of PSU banks, the Finance Minister also said that credit disbursa...

India invites UAE investors to join its growth story as partner in infra projects

India has invited the investors from UAE to join the India growth story as a partner in the infrastructure sector projects. UAE has invited Indian companies for investments in the renewable energy sector. The two sides have agreed on a Joint working group to set up a strategic petroleum reserve in I...

China sets growth target at 7.5% for 2014

China has set its economic growth target for the year at 7.5 percent, as it looks to continue its efforts to stabilise the economy. The country also set its inflation goal at 3.5 percent, aimed at keeping prices in check. After years of blistering growth rates, China has seen its rate of expansion s...

Govt removes export restrictions on onions

Government has removed restrictions on onion exports by scrapping minimum export price MEP. The Directorate General of Foreign Trade, DGFT, said in a notification yesterday.The government had imposed MEP on onion in September 2013 and then it was raised several times to curb exports and boost domest...

India and Pakistan hold meet on cross LoC trade

India and Pakistan held a meeting on cross-Line of Control trade and travel to increase people-to-people contact, trade volume and improve infrastructure at trading points in Jammu and Kashmir.The Indian delegation was led by Joint Secretary in External Affairs Ministry R Tandon while the Pakistani ...

Interest rate on Post Office FDs increased

The government has decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 per cent. An official release said that new interest rates on small savings schemes will come into effect from 1st April. The rates apply to post office saving schemes and the return on 1-...

Interest rates on FDs offered by post offices hiked by 0.2%

The government today decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 per cent. The interest rate on Public Provident fund, PPF has however been kept unchanged at 8.7 per cent. An official release said that new interest rates on small savings schemes will ...