Business

October 16, 2011 5:18 PM

India seeks global consensus to check tax evasion

India has sought a global consensus to check tax evasion and illicit cross-border flows by exchange of information among countries, including bank data relating to past transactions. Addressing a G-20 meeting of Finance Ministers of world's most influential economies, Finance Minister, Mr. ...

October 16, 2011 11:42 AM

Chinese trade surplus shrinks for second straight month

China's trade surplus fell in September for the second straight month, reflecting the ongoing weakness of the global economy. The government's custom bureau said the country posted a 14.5 billion dollar surplus last month, compared to 17.8 billion dollar surplus posted in August. C...

October 15, 2011 9:18 PM

RBI raises per transaction limit to 3,000 USD for exporters

The Reserve Bank of India (RBI) enhanced the limit for retaining foreign currency abroad to 3,000 USD per transaction for exporters against the existing 500 USD.RBI in a statement issued in Mumbai on Friday said the decision has been taken for export related remittances received through Online Payme...

October 15, 2011 9:15 PM

Inflation stays at 9.72% in September

Inflation, as measured by the Wholesale Price Index (WPI), stood at 9.78% in August.The rate of price rise was recorded at 8.98% in September, 2010.As per data released by the government on Friday, overall inflation in June this year was revised upward to 9.36% from the provisional estimate of 9.22%...

October 15, 2011 9:14 PM

Inflation stays at 9.72% in September

Inflation, as measured by the Wholesale Price Index (WPI), stood at 9.78% in August.The rate of price rise was recorded at 8.98% in September, 2010.As per data released by the government today, overall inflation in June this year was revised upward to 9.36% from the provisional estimate of 9.22%. On...

October 15, 2011 9:13 PM

Inflation stood at 9.72% in September

Inflation, as measured by the Wholesale Price Index (WPI), stood at 9.78% in August.The rate of price rise was recorded at 8.98% in September, 2010.As per data released by the government today, overall inflation in June this year was revised upward to 9.36% from the provisional estimate of 9.22%. On...

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