India & Bhutan sign DTAA agreement

India and Bhutan today signed a Double Taxation Avoidance Agreement (DTAA) for the prevention of fiscal evasion with respect to taxes on income. The Agreement was signed between the Finance Minister, P. Chidambaram and Bhutanese Finance Minister, Mr. Lyonpo Wangdi Norbu in New Delhi. The DTAA provid...

Fin Min:want preparatory work complete so women's bank can take off in April

Finance Minister P. Chidambaram in a Google Plus hangout on Monday responded to queries of citizens about the budget and discussed the Indian Economy with a panel of industry leaders. In his first Google Plus hangout interaction,speaking on a Women's fund, the Finance Minister said, there a...

Govt providing support to Indian expatriates in Saudi Arabia over Nitaqat program

The Government is providing all support to Indian expatriates in Saudi Arabia to tackle the humanitarian impact of the Nitaqat program providing jobs for Saudi graduates.Speaking to the media External Affairs ministry spokesperson Syed Akbaruddin said, discussions are on between the two countries on...

IMF delegation arrives in Egypt to resume negotiations over financial crisis<br/>

An International Monetary Fund (IMF) delegation arrived in Egypt today to resume negotiations over a $4.8 billion loan sought by the Egyptian government to resolve its financial crisis.The Egyptian finance minister told in Dubai on Monday that his government hoped to conclude the deal during the mee...

Bansal rules out immediate freight rate hike

Railway minister Pawan Kumar Bansal today ruled out any immediate Rail freight rate hike in view of the recent hike in diesel prices. Talking to reporters on the sidelines of a function in New Delhi, Mr Bansal however said there is a need to take tough decisions in the future to manage the diesel pr...

Govt. implementing a programme for generating self-employment in the country

Railway Minister rules out any further hike in freight tariff

Railway Minister Pawan Kumar Bansal has ruled out any further hike in freight tariff. Noting that the hike in diesel will cost railways an additional burden of 300 crore rupees annually, Mr Bansal said, the government is not going to revise the latest hike in freight tariff. He was talking to report...

Cyprus agree on series of economic reforms with EU & IMF

Cyprus has agreed on a series of economic reforms with the European Union and the International Monetary Fund. The move is part of the bail-out package that rescued it from bankruptcy last week.The IMF Managing Director Christine Lagarde described it as a challenging programme that will require grea...

India and Kuwait set to take their trade and economic co-operation to a higher level

Govt. to take more measures to strengthen country's economy: FM

Finance Minister P Chidambaram has said the government will take more measures to strengthen country&apos;s economy. He said the announcements on the proposed measures will be made while replying to discussion on the Union Budget in Parliament this month-end. Mr Chidambaram was addressing the Po...