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August 16, 2011 6:25 PM
A report of Global Financial Integrity (GFI) has estimated the total value of illicit money that has flown out of India at 462 billion US dollar approximately 20 lakh crore rupees. In a written reply to the Rajya Sabha, minister of state for Finance,S S Palanimanickam informed this. He said, the pre...
August 16, 2011 4:58 PM
Finance Minister Pranab Mukherjee today said inflation pressure would ease further on the back of good monsoon. Speaking to reporters outside Parliament, Mr Mukherjee expressed confidence that good monsoon will ensure moderation of inflationary pressure. He also said, the government and the Reserve ...
August 16, 2011 4:50 PM
Erasing early gains, the Bombay Stock Exchange benchmark Sensex fell nearly 109 points today. The Sensex, which had climbed to 17,035 in the morning trade, gaining 187 points, fell back to close at 16,730 points.The broad-based National Stock Exchange index Nifty lost 37 points to 5,035, after climb...
August 16, 2011 2:47 PM
The World Bank says, continuing high and volatile food prices are putting the poorest people in the developing world at risk and adding to the problems of famine and drought in the Horn of Africa. In its latest report, the Bank says that world's average food prices are slightly below their ...
August 16, 2011 2:20 PM
The Sensex at the Bombay Stock Exchange advanced 187 points, or 1.1 per cent, to 17,027 in opening trade, this morning, on fresh buying by investors, amid rising regional markets. But later, as the regional markets gave up some of their early gains, the Sensex also eased from initial highs, to stand...
August 16, 2011 2:02 PM
Finance Minister Pranab Mukherjee today expressed hope that good monsoon will help in bringing down inflation. Talking to reporters outside Parliament, Mr. Mukherjee said that inflationary pressure still prevails on the economy but will be eased owing to the record agricultural production. He added ...
August 16, 2011 1:30 PM
Inflation declined to an eight-month low of 9.22 per cent in July, this year, as the rate of price rise in food articles and petro-products eased. Inflation, as measured by the Wholesale Price Index, had stood at 9.44 per cent in June 2011, and at 9.98 per cent in July 2010. According to data releas...
August 16, 2011 1:26 PM
The Sensex at the Bombay Stock Exchange rose by 81 points in noon trade today and was trading at 16,921. The 30-share index, which lost 220 points in the previous session on Friday, recovered by 187 points, or 1.11 per cent, to 17,027 in morning deals.In a similar fashion, the wide-based National St...
August 16, 2011 12:04 PM
The Indian rupee appreciated by 19 paise to 45.15 rupees against the US dollar in early trade today. Sustained selling of dollars by banks and exporters due to weakness of the greenback in global markets, mainly boosted the rupee value against the dollar, a forex dealer said. Meanwhile, crude oil pr...
August 16, 2011 10:18 AM
The Indian Rupee appreciated by 12 paise to 45 rupees 22 paise against the US dollar in early trade at the Interbank Foreign Exchange today. The local currency had ended 7 paise higher at 45.34 rupees against the US dollar in the previous session on Friday, helped by foreign capital inflows.
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