Govt plans to raise palm oil production by 3L tonnes in 5 yrs

Government plans to raise palm oil production by 3 lakh tonnes in 5 years.The agriculture ministry is to implement a special programme to increase the area under palm farming by 60,000 hectares to over 2.11 lakh hectares, from the current 1.71 lakh hectares.According to a union agriculture ministry ...

Govt likely to extend DEPB scheme for three more months

The government is likely to extend the tax relief for exporters under the Duty Entitlement Passbook ,DEPB, scheme for another three months, from its 30th of June deadline.However,it has been made clear that this is a transitional arrangement and the exporters should be prepared to switchover to a du...

Nepal gets USD 46.5 million financial aid from World Bank

National manufacturing policy shortly: Anand Sharma

Commerce and Industry Minister Anand Sharma says, a group of secretaries will try to fine-tune the proposed national manufacturing policy to placed before the Cabinet. Sharma said that Principal Secretary to the Prime Minister will chair the meeting of group of secretaries only on those issues where...

The production at the country's largest carmaker Maruti Suzuki India's Manesar facility continues to be completely stopped as the workers' strike at the plant entered its eighth day today. Around 2,000 workers at the plant have been on strike since last Saturday, resulting...

New IIP Index launched

The Central Statistical Organisation today launched a new series of India's Index of Industrial production (IIP). The new series will have 2004-05 as base year and a list containing 682 items. Talking to reporters after the release of the index, country's Chief Statistician T C A A...

India's May exports rise to $ 25.9 billion

India's exports rose sharply in May to 25.9 billion US dollars but the imports also grew equally strikingly, pushing the trade deficit to 15 billion US dollars in a single month. Releasing the official trade data, Commerce Secretary Rahul Khullar said the imports grew highest in the last fo...

New IIP Index launched

The Central Statistical Organisation today launched a new series of India's Index of Industrial production (IIP). The new series will have 2004-05 as base year and a list containing 682 items. Talking to reporters after the release of the index, country's Chief Statistician T C A A...

Sensex closes 116 points lower <br/>

Falling for the third straight session, the Sensex at the Bombay Stock Exchange declined 116 points, or 0.6 percent, to close at 18,269, following weak industrial output data, today. The Sensex had lost 110 points in last two trading sessions. The Nifty at the National Stock Exchange lost 35 points,...

India&apos;s exports in May grew 56.9 percent and stood at 25.9 billion US dollars. Talking to reporters today after the release of the data, Commerce Secretary Rahul Khullar said imports for the month of May also rose 54.1 percent to 40.9 billion US dollars, registering a trade deficit of 15 bi...