Rising food and fuel prices taking wind out of global economy's recovery this year: WB

Cutting its forecast for global growth, the World Bank said that the rising food and fuel prices are taking the wind out of the global economy's recovery this year. The Bank said that the global growth will only be 3.2 per cent in 2011, a 10th point lower than its January estimate and sharp...

Rupee rules steady at 44 rupees 67 paise per US dollar in morning trade

After recouping initial losses, the Indian rupee ruled steady at 44 rupees 67 paise per US dollar in morning trade on the Interbank Foreign Exchange today. The rupee resumed lower at 44 rupees 72 paise per dollar as against the overnight closing level of 44 rupees 67 paise per dollar on good demand ...

Mixed oil price in Asian trade

Oil was mixed in Asian trade ahead of an OPEC ministerial meeting due to take place later in Vienna.New York's main contract, light sweet crude for July delivery, gained seven cents to 99 dollars 16 cents a barrel. Brent North Sea crude for July delivery lost 48 cents to 116 dollars 30 cent...

GoM on Cotton meeting today

The Group of Ministers, GoM, on Cotton headed by Finance Minister Pranab Mukherjee is all set to take a decision on allowing further export of Cotton beyond the current ceiling of 55 lakh bales for the current season. The GoM is meeting in New Delhi today.

Rupee falls 8 paise against US dollar in early trade

The Indian rupee lost 8 paise to 44 rupees 75 paise per US dollar in early trade on the Interbank Foreign Exchange today. The Indian currency was weighed down by dollar gains against the euro and other currencies overseas.A lower opening in the stock market and dollar demand from importers also put ...

BSE Sensex down by 95 points

The BSE benchmark Sensex opened over 95 points lower today. This follows speculators booking profits after two sessions of gains amid a weakening trend on other Asian bourses.The 30-share barometer, which gained nearly 120 points in the previous two sessions to 18,401, with, banking, IT and capital ...

Rupee falls 8 paise against US dollar in early trade

The Indian rupee lost 8 paise to 44 rupees 75 paise per US dollar in early trade on the Interbank Foreign Exchange today. The Indian currency was weighed down by dollar gains against the euro and other currencies overseas.A lower opening in the stock market and dollar demand from importers also put ...

Government committee suggests raising interest rates on Post Office Savings deposits

A government committee has suggested raising interest rates on post office savings deposits to 4 per cent. The interest rate at present is 3.5 per cent. The suggestion, if implemented, will benefit lakhs of small depositors. The committee on small savings also recommended linking returns on other sm...

Issues relevant to indirect tax administration for effective governance, revenue mobilisation, goods and services tax, managing innovation efficiency and promoting two-way coordination are likely to dominate the agenda of a two-day annual conference of income tax Chief commissioners in New Delhi on ...

Issues relevant to indirect tax administration for effective governance, revenue mobilisation, goods and services tax, managing innovation efficiency and promoting two-way coordination are likely to dominate the agenda of a two-day annual conference of income tax Chief commissioners in New Delhi tom...