Fall in vegetable prices likely to ease headline inflation: Rangarajan

Prime Minister's Economic Advisory Council Chairman C Rangarajan has said a fall in vegetable prices is likely to ease headline inflation to 6.5 per cent and retail inflation to 9.20 per cent in December. Talking to reporters on the sidelines of the silver jubilee celebration of Indira Gand...

CII today welcomed Congress Vice-President Rahul Gandhi's speech touching upon corruption, stalled infrastructure projects and reforms in labour laws. In a statement issued in New Delhi, the industry body said Mr Gandhi's speech was comprehensive and dwelled upon real issues. The s...

Investor grievance redressal top focus areas for SEBI: Sinha

Investors aggrieved by actions of brokers or other market entities can look forward to an upfront interim relief payment, even if the arbitration award decided in their favour gets into an appeal. Disclosing this in Mumbai today, Securities Exchange Board of India chief U K Sinha, said investor grie...

Indirect tax collections up by 5% in April-November

Indirect tax collections have grown up by 5 per cent in the April-November period of the current fiscal. The ministry of finance sources said total collection of indirect taxes including excise, customs and service tax stood at about 3 lakh 7 thousand 568 crore rupees during the first eight months i...

Afghanistan, Australia form joint business council to promote trade & business

Afghanistan and Australia has constituted joint business council to promote trade and business between the two countries. Australian Trade and Investment Minister Andrew Robb launched the Australian-Afghan Business Council (AABC) in Melbourne on Wednesday.A press release issued by the Australian Emb...

Mexican President signs a controversial law that allows foreign companies to drill for oil

Mexican President Enrique Pena Nieto has signed a controversial law that allows foreign companies to drill for oil for the first time since the sector was nationalised in 1938. The legislation was passed by Congress on 13 December and ratified by a majority of Mexican states. President Pena Nieto sa...

RBI tightens norms for credit card holders

The Reserve Bank of India, RBI, has tightened norms for credit card holders. In a notification on Friday, the RBI advised banks to treat a credit card account as a non-performing asset if the customer fails to pay the minimum due amount within a stipulated 90-day period. The RBI said it has observed...

Rupee rises by 10 paise against USD

The rupee strengthened 10 paise, to close at 62.04 against the dollar.In the late morning trade on Friday, the rupee dropped 14 paise to 62 rupees 28 paise against the US Dollar on good demand for dollar from banks and importers on the back of its firmness in overseas markets.

Petrol price hiked by 41 paise per liter; Diesel price by 10 paise per litre

Petrol price has been increased by 41 paise per litre and Diesel by a little less than 10 paise per litre excluding VAT.The revised price of petrol includes 21 paise per litre increase in dealer's commission and 20 paise per litre increase in retail selling price. The new rate of petrol wil...

Gold falls Rs. 205 to touch Rs. 30,160 per 10 grams

Gold fell Rs. 205 to Rs. 30,160 per ten grams at Delhi's bullion market on Friday, on sustained selling by stockists, triggered by a weak global trend.Silver dropped Rs. 725, to Rs. 43,500 per kilo, on poor offtake by industrial units and coin-makers.