GoM go-ahead to urea price decontrol

The Group of Ministers on fertilisers has approved decontrol of urea prices. Official soucres said in New Delhi that a meeting of the GOM also decided to allow the companies to raise rates of the fertiliser up to 10 per cent this fiscal. Urea is the only fertilizer, which is under Government control...

LS nod to Rs 25,707 crore supplementary grants

The Lok Sabha has passed the Supplementary demands for Grants of Rs 25,707 crore and the relevant Appropriation bill by a voice vote. Replying to the discussion, Finance Minister Pranab Mukherjee said additional grants had been needed because of the increased expenditure on various counts including ...

Paddy cultivation area increases by 6%

The area under paddy cultivation has increased by six per cent to over 260 lakh hectares this year so far. The acreage of cotton, sugarcane, oilseeds and coarse cereals has also gone up.Paddy, the main kharif crop was grown in over 244 lakh hectares area till August 5 last year. An official statemen...

Sensex nose dives, loses 387 points

Falling in tandem with melting global markets, the Sensex at the Bombay Stock Exchange closed with a big loss of 387 points, or 2.2 percent, at 17,306, today. The Nifty at the National Stock Exchange slumped 121 points, or 2.3 percent, to 5,211. Stock markets in Japan, China, Hong Kong, Singapore, a...

Strike disrupts normal banking operations

Banking operations were disrupted across the country today with the employees of public sector and some private sector banks going on a day-long strike. They were protesting against the banking sector reforms. The strike was called by the United Forum of Bank Union. Advisor of All India Bank Officer...

Gold touches new high of <img src="rs.png" border="0" height="10"> 24,350 per 10 grams

Riding high on a firm trend in the global markets, gold rose 70 rupees, to touch a new all-time peak of 24,350 rupees per ten grams at Delhi&apos; bullion market, today. But silver plunged 3,100 rupees, to 58,600 rupees per kilo, on reduced offtake by industrial units and coin makers at existing...

Stock market crashes due to external factor: FM

Finance Minister Pranab Mukherjee says, the stock market crash is due to factors like poor US economic recovery and Euro Zone debt crisis. Talking to reporters in New Delhi Mukherjee said it has nothing to do with domestic situation and the current volatility is temporary. He expressed the hope that...

Sensex down by 387 points in closing trade

Falling in tandem with melting global markets, the Sensex at the Bombay Stock Exchange closed with a big loss of 387 points, or 2.2 percent, at 17,306, today. The Nifty at the National Stock Exchange slumped 121 points, or 2.3 percent, to 5,211. Stock markets in Japan, China, Hong Kong, Singapore, a...

Strike disrupts normal banking operations

Govt working to develop cotton with superior fibre quality

The government today said it is working on a mission to develop cotton with superior fibre quality. Replying to supplementaries in the Rajya Sabha, the Agriculture minister Mr Sharad Pawar said the government is also taking several measures for enhancing cotton production by providing incentives to ...