Parl Committee recommends raising IT limit to 3 lakh rupees

The Parliamentary Standing Committee on finance has recommended the raising of Income Tax limit to three lakh rupees from the present one lakh 80 thousand rupees. The committee headed by former Finance Minister and Senior BJP Leader Yashwant Sinha submitted its report yesterday. The panel gave its r...

GoM to review ban on Cotton export likely today

The meeting of Group of Ministers,GoM, to review ban on Cotton export is expected to continue its discussions today. GOM had detailed deliberations yesterday. Commerce and Industry Minister Anand Sharma said that talks remained inconclusive and further discussion is required. The Commerce Ministry b...

RBI cuts CRR by 75 bps to 4.75%

The Reserve Bank of India today cut the Cash Reserve Ratio, CRR, by 0.75 percentage points, from 5.5 percent, to 4.75 percent, in order to ease tight liquidity in the banking system. The Cash Reserve Ratio is the percentage of their deposits that banks are required to hold in the form of cash with t...

The country's exports grew 4.3 per cent, year-on-year, to 24.6 billion dollars in February 2012. Imports rose 20.6 per cent in February, to 39.8 billion dollars, resulting in a trade deficit of 15.2 billion dollars for the month. Between April 2011 and February 2012, the country's ...

RBI cuts CRR by 75 bps to 4.75%

Ahead of Credit Policy review and Union Budget, the Reserve Bank of India (RBI) today, cut the Cash Reserve Ratio (CRR) by 75 basis points to 4.75 per cent effective March 10. The CRR stood at 5.5 per cent earlier. The CRR cut will inject Rs 48,000 crore of liquidity into the banking system. CRR cut...

Gold sheds <img src="rs.png" border="0" height="9px" /> 25 per ten grams, Silver rises <img src="rs.png" border="0" height="9px" /> 200

Gold shed 25 rupees, to 28,265 rupees per ten grams at Delhi&apos;s bullion market, today, on subdued demand. But Silver rose 200 rupees, to 58,000 rupees per kilo, on increased off take by industrial units.

Sensex surges 358 pts

Snapping three days of losses, the Sensex at the Bombay Stock Exchange surged 358 points, or 2.1 percent, to 17,503, on renewed buying by funds, amid firm global markets, today. The Nifty at the National Stock Exchange spurted 113 points, or 2.2 percent, to 5,334. Stock markets in Japan, China, Hong...

Qantas ends joint venture talks with Malaysia Airlines

Talks between Australia&apos;s Qantas and Malaysia Airlines to establish a premium airline in Asia have broken down, in a setback for both carriers. Qantas said the two sides could not agree on commercial terms. Qantas shares fell 4 per cent in Sydney. Qantas has announced plans to focus on the ...

Sensex in positive zone at 17,461 in noon deals

The Sensex at the Bombay Stock Exchange jumped 311 points, or 1.8 per cent, to 17,456 in early trade, today, on fresh buying by funds and retail investors at lower levels, amid rising Asian markets. Later, the Sensex remained firm, and stood 315 points, or 1.8 per cent in the positive zone, at 17,46...

Sensex trading up at 17,446 pts

The Sensex at the Bombay Stock Exchange jumped 311 points, or 1.8 per cent, to 17,456 in early trade, today, on fresh buying by funds and retail investors at lower levels, amid firm global markets. Later, the Sensex remained firm, and stood 331 points, or 1.9 per cent in the positive zone, at 17,476...