Business

Direct Tax collection grows by 26% during April- Aug 2011

September 9, 2011 10:45 AM

Direct Tax collection grows by 26% during April- Aug 2011

The gross direct tax collection grew by around 26 per cent during the month of April to August of the current financial year. According to an official release, direct tax collection rose to 1,54,360 crore rupees during these months from 1,22,618 crore rupees in the corresponding period last year.The...

Sensex gains 46 pts in opening trade

September 9, 2011 10:45 AM

Sensex gains 46 pts in opening trade

The BSE benchmark Sensex opened more than 46 points in the positive territory today on sustained buying by funds amid a firming Asian trend. The BSE index, which gained 452 points over the past three sessions, added another 46 points, or 0.26 per cent, to 17,212 in the first five minutes of trade to...

Govt lifts lifts ban on wheat exports, puts ban on onion exports

September 8, 2011 10:00 PM

Govt lifts lifts ban on wheat exports, puts ban on onion exports

The government has decided to lift a ban on wheat exports and put a ban on onion exports to control its rising prices.The decision to open wheat exports was taken by the empowered Group of Ministers EGoM on food, headed by Finance Minister Pranab Mukherjee in the wake of record production and storag...

Trade bars must go to ensure South Asia economic integration: Montek

September 8, 2011 8:11 PM

Trade bars must go to ensure South Asia economic integration: Montek

India on Thursday urged the South Asian countries to remove tariff and non-tariff barriers to help boost trade and investments and ensure economic integration of the region.Addressing the first meeting of South Asia Forum organised in New Delhi on Thursday, Deputy Chairman of Planning Commission Mon...

HPCL to set up 9 million metric tonne per annum capacity refinery in Punjab

September 8, 2011 7:37 PM

HPCL to set up 9 million metric tonne per annum capacity refinery in Punjab

State owned Hindustan Petroleum Corporation Limited, HPCL will set up a nine Million Metric Tonne Per Annum capacity refinery at Bhatinda in Punjab through joint venture during the end of remaining period of the 11th Plan. This information was given in a written reply in the Lok Sabha today by the M...

CAG suggest improvement in management of hydrocarbon exploration

September 8, 2011 5:46 PM

CAG suggest improvement in management of hydrocarbon exploration

The Comptroller and Auditor General, CAG has strongly advocated greater role of Centre in operational control and high value procurement decisions. In its report tabled in the Lok Sabha on Thursday, the CAG has suggested improvement in the management of hydrocarbon exploration and production.The rep...

Sensex up by 101 points

September 8, 2011 4:24 PM

Sensex up by 101 points

The Sensex at the Bombay Stock Exchange rose 101 points, or 0.6 percent, to 17,166, on Thursday. The Nifty at the National Stock Exchange added 29 points, or 0.6 percent, to 5,153.

Inflation will moderate further after end of festive season: Pranab

September 8, 2011 4:10 PM

Inflation will moderate further after end of festive season: Pranab

Finance Minister Pranab Mukherjee on Thursday expressed hope that inflation will moderate further after the end of the festive season.Reacting to the decline in food inflation for the week ended August 27, Mr Mukherjee said that the government expects headline inflation to moderate by the end of thi...

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