Civil Aviation Minister Ajit Singh said that the passenger traffic of airlines has grown at the rate of 17 to 18 per cent in the last few years. He told the Rajya Sabha today that the fleet of the commercial airlines is expected to touch approximately 1000 aircraft in 2020. The Minister, said projec...

Sensex closes lower

Falling for the second straight day, the Sensex at the Bombay Stock Exchange lost 151 points, or 0.9 percent to close at 17,151 points today. The Nifty at the National Stock Exchange dropped 51 points, or 1 percent, to close at 5,188 points .

CBDT constitutes advisory group for International Taxation<br/>

The Central Board of Direct Taxes, CBDT, has constituted an advisory group for International Taxation and Transfer Pricing. The 13 members group will be headed by Revenue Secretary. A Finance ministry release says, the others members of the group include Chairman of CBDT, Director General of Income-...

Govt to remove curbs on sugar exports

The government has decided to remove curbs on sugar exports, allowing producers to benefit from higher prices in overseas markets. Commerce minister Anand Sharma has said that notification to this effect will be issued in due course. Indian Sugar Mills Associations have said the country is likely to...

Sensex down 93 pts in noon trade

The Sensex at the Bombay Stock Exchange lost 93 points, or 0.5 per cent, to 17,209, in intra-day trade, today. The Nifty at the National Stock Exchange slipped 33 points or 0.6 percent. Key stock indices in China, Hong Kong, Singapore and South Korea were trading mix in intra-day trade. Stock market...

Sensex down 108 pts in noon trade

The benchmark Sensex at the Bombay stock exchange fell by 108 points in late morning trade on continued selling by foreign funds and retail investors in the absence of any positive trigger.The 30-share barometer, which had lost 103points in early trade today, was trading 108 points in the negative t...

Rupee falls 26 paise against dollar

The rupee declined by 26 paise in early trade today to hit fresh four-month low of 53.22 rupees against the American currency due to firm dollar demand amid increased capital outflows. The rupee had closed 23 paise lower at nearly four-month low of 52.96 rupees against the US currency in yesterday&a...

Sensex down 103 pts in early trade

The BSE benchmark Sensex fell by 103points in early trade today on continued selling by foreign funds and retail investors in the absence of any positive trigger.The 30-share barometer, which had lost 16.90 points in yesterday&apos;s trade, fell further by 103 points or 0.60 per cent, to 17,199 ...

Small tea growers contribute 26 % to overall tea production: Jyotiraditya

Small tea growers, accounting for nearly 28 per cent of the total tea area, contribute 26 per cent to the overall tea production in the country. The minister of State for Commerce and Industry Jyotiraditya Scindia gave this information in a written reply in the Rajya Sabha today. He said the governm...

Small tea growers 26 % to overall tea production: Jyotiraditya

Small tea growers, accounting for nearly 28 per cent of the total tea area, contribute 26 per cent to the overall tea production in the country. The minister of State for Commerce and Industry Jyotiraditya Scindia gave this information in a written reply in the Rajya Sabha today. He said the governm...