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June 28, 2013 9:22 AM
European Commission President Jose Manuel Barroso has announced that a political deal on the EU's hotly contested seven-year budget has been struck. He said that the deal on the 2014-2020 budget was reached between member states and European Parliament leaders. The 960 billion euro budget c...
June 28, 2013 9:20 AM
The US has suspended trade privileges for Bangladesh, citing lack of labour reforms and inability to ensure workers' rights. The Generalised System of Preference, GSP is a 37-year-old trade preference program under which the United States provides duty-free treatment to many imports from de...
June 28, 2013 9:19 AM
The annual plan outlay of the Union Territory of Puducherry for the year 2013-14 has been fixed at 2000 crore rupees. This was arrived at a meeting between the Deputy chairman of Planning Commission, Mr Montek Singh Ahluwalia and Puducherry Chief Minister N Rangasamy in New Delhi yesterday. The plan...
June 27, 2013 8:28 PM
The Sensex at the Bombay Stock Exchange surged 324 points, or 1.8 percent, to close at a nearly one-week high of 18,876, today. The surge was on account of fresh buying by funds after the rupee appreciated and also following better-than-expected current account deficit numbers. The Nifty at the Nati...
June 27, 2013 8:11 PM
The Reserve Bank of India has said the macroeconomic risks to the Indian economy have increased over the last six months due to the fall in growth, external sector developments and subdued performance of the corporate sector. In its biannual Financial Stability Report (FSR) released in Mumbai this e...
June 27, 2013 7:39 PM
The Reserve Bank of India has said the macroeconomic risks to the Indian economy have increased over the last six months due to the fall in growth, external sector developments and subdued performance of the corporate sector. In its biannual Financial Stability Report (FSR) released in Mumbai this e...
June 27, 2013 5:19 PM
Snapping three-days of losses, gold rose by 120 rupees, to 26,800 rupees per ten grams at Delhi's bullion market today amid a rebound in the global markets. But silver held steady at 40,500 rupees per kilo, in restricted buying by industrial units. However, silver coins spurted 1,000 rupees...
June 27, 2013 5:17 PM
The Sensex at the Bombay Stock Exchange stood a solid 286 points, or 1.5 percent in positive territory, at 18,838 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had opened with a strong gain of 201 points, or 1.1 percent, at 18,753 on fresh buying by funds, triggered by a ...
June 27, 2013 5:05 PM
State-run Food Corporation of India (FCI) exported 4.19 million tonnes of wheat worth over 7,000 crore rupees during the past one year. The government had permitted FCI to export 4.5 million tonnes of wheat due to surplus in the country. A senior FCI official said maximum one million tonnes wheat wa...
June 27, 2013 2:53 PM
European Union finance ministers have agreed an outline plan on how to rescue troubled banks, without leaving taxpayers to face the bill. The banks' creditors and shareholders will take the first hits, followed by savers with deposits of more than 100,000 euros. If that is not enough, gover...
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