Business

December 11, 2013 5:10 PM

India's trade deficit up to $38.66 bn dollars in 2012-13

India's trade deficit has gone up from 36.57 billion dollars in 2011-12 to 38.66 billion dollars in 2012-13. This information was given in a written reply in the Rajya Sabha today by Minister of State for Commerce and Industry, Dr E M S Natchiappan. He said, with a view to reducing the trad...

December 11, 2013 5:10 PM

FM rules out lowering of support prices for farm produce

Finance Minister P Chidambaram today ruled out lowering of support prices for farm produce or rural wages under MGNREGA to contain inflation. He said, such logic is not rational and ignores the needs of the poor. He was addressing Economics Conclave in New Delhi. Mr. Chidambaram said, the answer to ...

December 11, 2013 4:58 PM

Sensex drops 84 points to close above 21,000 mark

Falling for the second straight session, the Sensex at the Bombay Stock Exchange dropped 84 points, or 0.4 percent, to close at 21,171, today, on investor caution ahead of key economic data, and amid weak regional markets. The Nifty at the National Stock Exchange declined 25 points, or 0.4 percent, ...

December 11, 2013 2:24 PM

Deal strictly with hoarders & profiteers: FM to states

Finance Minister P Chidambaram has criticised the States for not acting against profiteers and hoarders to check inflation. Addressing the Delhi Economics Conclave in New Delhi today, Chidambaram asked them to deal strictly with hoarding and profiteering. Stating that current inflation is primarily ...

December 11, 2013 2:01 PM

Sensex drops over 150 pts; Rupee loses 28 paise to 61.32 vs Dollar

The Sensex at the Bombay Stock Exchange lost some more ground in afternoon trade, to stand 159 points, or 0.8 percent in negative territory, at 21,096 a short while ago. Earlier in the morning, the Sensex had declined 90 points, or 0.4 percent, to 21,165, as foreign funds and retail investors booked...

December 11, 2013 1:54 PM

India exports grow by 5.86% in Nov, imports dip to 2 year low

India's exports grew by 5.86 per cent in November to 24.6 billion dollars, while imports dipped to the lowest level in more than two and a half years, helping narrow the trade deficit.Imports in November this year fell by 16.37 per cent to 33.83 billion dollars, which is the lowest since Ma...

December 11, 2013 1:34 PM

Sensex loses more ground in afternoon trade; down 159 points

The Sensex at the Bombay Stock Exchange lost some more ground in afternoon trade, to stand 159 points, or 0.8 percent in negative territory, at 21,096 a short while ago. Earlier in the morning, the Sensex had declined 90 points, or 0.4 percent, to 21,165, as foreign funds and retail investors booked...

December 11, 2013 1:33 PM

Second batch of papers for supplementary demands for grants tabled in parl

Finance Minister P. Chidambaram today laid before the Lok Sabha the second batch of Supplementary Demands for Grants in respect of the General Budget amounting to nearly eighteen thousand six hundred crore rupees.This includes net cash expenditure of over thirteen thousand crore rupees. He said this...

December 11, 2013 1:31 PM

Govt sets up expert panel to review textile policy

The government has constituted an Expert Committee to review the National Textile Policy of 2000 and formulate the National Textiles Policy, 2013.This information was given in a written reply by Textiles Minister Dr. K Sambasiva Rao in the Rajya Sabha today. He said the government aims at formulatin...

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