Govt allows cotton export under Open General Licences

The government has lifted export restrictions on cotton and allowed it to be shipped under Open General Licences for the rest of the cotton season. Talking to reporters in New Delhi, Commerce Secretary Rahul Khullar said that the government has lifted the export restrictions as there is adequate sto...

India's exports were up 46.5 per cent and reached 29.21 billion dollar in June this year, a government data said today. Imports grew by 42.4 per cent to 36.8 billion dollar in June. The trade deficit narrowed to 7.6 billion dollar in the same period. The trade deficit was close to 15% in th...

Sensex gains 54 points in noon trade

Rising in tandem with other Asian markets, the Sensex at the Bombay Stock Exchange surged 243 points, or 1.3 per cent, to 18,440, in the first few minutes of trade, this morning. But afterwards, the Sensex pared much of its early gains, and stood a far more modest 54 points, or 0.3 percent in positi...

The Prime Minister's Economic Advisory Council, PMEAC, today lowered country's growth forecast to 8.2 per cent this fiscal while revising the inflation projection upward to 6.5 per cent till March 2012. Talking to reporters in New Delhi, PMEAC Chairman Dr C.Rangarajan also said tha...

Inflation to decline to 6.5 % in March 2012 says PMEAC

The Prime Minister's Economic Advisory Council says that inflation will decline to 6.5 per cent in March 2012. Talking to reporters in New Delhi today, the Chairman of the Advisory Council Dr. C. Rangarajan said that inflation is continued to be around 9 per cent till October. The other hig...

Govt lifts export restrictions from cotton

The government has lifted export restrictions on cotton and allowed it to be shipped under Open General Licences for the rest of the cotton season. Talking to reporters in New Delhi, Commerce Secretary Rahul Khullar said that the government has lifted the export restrictions as there is adequate sto...

Rupee rises by 14 paise against US dollar

The Indian rupee strengthened by 14 paise to 44 rupees, 4 paise against the US dollar in early trade at the Interbank Foreign Exchange today. In the previous session on Friday, the local currency ended 11 paise lower at 44 rupees, 18 paise against the dollar.

Sensex up by nearly 243 pts in opening trade

The BSE Sensex shot up by nearly 243 points in opening trade today. The 30-share index, which lost over 674 points in the previous four sessions, rose by 243 points, to 18,440 points, with realty, banking, power and technology stocks leading the recovery.In a similar fashion, the wide-based Nifty in...

Indo-Japan FTA to come into force from Monday

Indian economy may get affected if slow recovery continues in US: FM

Finance Minister Pranab Mukherjee has cautioned that Indian economy may get affected if slow recovery continues in US which is battling a serious debt crisis. In an exclusive interaction with All India Radio, Mr. Mukherjee said that slowdown of European markets will also have an adverse impact India...