Business

November 30, 2012 10:14 AM

ED registers nearly 2000 cases under FEMA in last two years

Enforcement Directorate of the Ministry of Finance has registered 1993 cases under the provisions of Foreign Exchange Management Act, 1999 (FEMA) in the last two years and property of 103 persons valued at Rs. 2406.28 lacs was seized, during investigation.The Directorate has also registered 396 case...

November 30, 2012 10:10 AM

FDI in micro, small enterprises raised to 100%<br/>

Foreign Direct Investment, FDI, in micro and small enterprises has been raised to 100 per cent from 24 per cent to promote capital investment by foreign multinational companies. This information was given by Minister of State for Micro, Small and Medium Enterprises, K. H. Muniyappa in a written repl...

November 30, 2012 9:44 AM

ED registers nearly 2000 cases under FEMA in past two years

November 30, 2012 9:43 AM

ED registers nearly 2000 cases under FEMA in past two years

November 30, 2012 9:42 AM

Cash Transfer scheme will not fuel inflation: Plan Panel Chief Montek

Planning Commission Deputy Chairman Montek Singh Ahlwualia has said that the benefits of the cash transfer scheme in 51 districts will reach the intended beneficiary only by February-March.In an interview to a Private Television Channel , He also dismissed the criticism that government's am...

November 30, 2012 9:40 AM

LS passes Money Laundering Bill amendment enlarging definition of offences under it

The Lok Sabha has passed the Prevention of Money Laundering (Amendment) Bill, 2011 by a voice vote enlarging the definition of money laundering offences. The new list of offences includes concealment, acquisition, possession and use of proceeds of crime as criminal activities. The Bill also seeks to...

November 29, 2012 6:05 PM

FDI in micro, small enterprises raised to 100%<br/>

November 29, 2012 4:53 PM

Sensex surges 329 pts to close above 19,000-mark<br/>

The Sensex at the Bombay Stock Exchange gained a massive 329 points, or 1.8 per cent, to close above the 19,000-mark after nearly two months, at 19,171, today. The Sensex surged on optimism that the government will push through economic reforms, Goldman Sachs' upgrade of Indian equities, an...

November 29, 2012 1:40 PM

Sensex breaches 19,000-mark for first time in nearly two-months

The Sensex at the Bombay Stock Exchange breached the 19,000-mark for the first time in nearly two-months, in early trade, today, on sustained foreign fund inflows. After opening 105 points, or 0.6 per cent higher, the Sensex gathered further momentum, to stand a hefty 250 points, or 1.3 per cent in ...

November 29, 2012 11:01 AM

Oil prices rebound in Asian trade

Oil prices rebounded in Asian trade today on hopes that the United States will reach a deal to avoid the fiscal cliff of tax hikes and spending cuts that would likely tip the country back into recession. New York's main contract, West Texas Intermediate for January delivery, was up 19 cents...

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