CAD will drop from current level in two-three years: Montek

Planning Commission Deputy Chairman Montek Singh Ahluwalia has expressed confidence that the current account deficit will come down from the current level of 5 per cent to 2.5 per cent of the GDP in the next two to three years. Addressing a meeting of the Asia Pacific Regional Committee in New Delhi...

Over 27 lakh quintals of sugar produced by Haryana sugar mill co-ops : state govt data

In Haryana, the co-operative sugar mills have produced more than 27.06 lakh quintals of sugar by crushing 290.60 lakh quintals of sugarcane in the current crushing season.Giving this information a government spokesman said that the last year in 2011-12 309.43 lakh quintals of sugarcane were crushed....

Ponzi schemes: Working hard to ensure small investors are not put to risk says SEBI Chief

Market regulator Securities and Exchange Board of India, SEBI, has said that it is working hard to ensure that small investors' savings are not put to risk. Amid lakhs of investors believed to have been defrauded by Ponzi schemes in West Bengal, SEBI Chairman U K sinha today said in New Del...

Greece strike called by trade unions to protest austerity measures begins

In Greece, a general strike against tough austerity measures has begun, with the country's trade unions calling for mass mobilisation of protesters. The 24-hour action is expected to severely disrupt public services, including transport and hospitals. The organisers are demanding an end to ...

Petrol price slashed by Rs3/l; non-cap cooking gas by Rs54/cylinder

Petrol Price has been slashed by three rupees per litre including VAT. Now, petrol costs 63 rupees and 9 paise per litre in Delhi, 69 rupees and 73 paise per litre in Mumbai, 65 rupees 90 paise per litre in Chennai and 70 rupees 35 paise per litre in Kolkata.In a statement, Indian Oil Corporation sa...

AP scheme to provide cash benefits to BPL girls from birth to 21yrs

Andhra Pradesh government has announced a new scheme for girl child protection, Bangaru Talli (Golden Girl). The scheme will formally come into effect across the state from today. All the girls born in BPL families from today will eligible to get benefit of the new scheme. Aimed at protecting girl c...

Investing in gold or property,no retirement plans:study on expat Gulf Indians

TRCs sufficient to get DTAA benefits: Fin Min

Finance Minister P Chidambaram has removed a clause from the act on Personal Income Tax. The clause stated that tax residency certificates, TRCs were necessary, but not sufficient to obtain benefits under double-taxation avoidance agreements (DTAAs) India has with other nations, including Mauritius....

Sensex gains 117 pts to close at 19,504

The Sensex at the Bombay Stock Exchange gained 117 points, or 0.6 percent, to close at a six-week high of 19,504, on strong buying in FMCG stocks, amid largely rising Asian markets, today. The Nifty at the National Stock Exchange rose 26 points, or 0.4 percent, to 5,930.Stock markets in Hong Kong, S...

US carmaker Ford to enter Myanmar

The US carmaker Ford has become the latest foreign company to announce plans to enter Myanmar, after investment sanctions against the country were suspended. Ford has signed a deal with Myanmar's conglomerate Capital Diamond Star Group to open a showroom in Yangon. Various countries suspend...