Rupee up by 6 paise against US dollar

The Indian rupee strengthened by 6 paise to Rs 44.75 against the US dollar in early trade. Forex dealers said dollar weakness against the euro and other currencies overseas mainly kept the rupee sentiment firm against the American dollar.

Sensex falls by over 69 points in opening trade

The BSE benchmark Sensex fell by over 69 points in opening trade today on a fresh sell-off by foreign funds and retail investors, taking cues from weak global markets. The 30-share barometer, which had lost over 232 points in the previous two sessions, declined by another 69 points to 18,307 in the ...

SEBI considering framing policy for stock exchanges

The Security and Exchange Board of India, SEBI is considering framing a policy for the stock exchanges to go through a stress test. The test will help these exchanges to prepare them for handling crash-like situations, where a sharp plunge in some stocks leads to across-the-board panic sale. Officia...

Govt. partially relaxes restrictions on exports of some essential commodities

The government has partially relaxed restrictions on exports of sugar, pulses and edible oils, produced without using chemical fertiliser and pesticides. A notification issued by the Directorate General of Foreign Trade, DGFT has said that exports of organic cooking oil, sugar and pulses up to 10,00...

Govt committed to achieve 2011-12 fiscal targets: Pranab

Buoyed by better-than-expected performance on government finances' front in 2010-11, the Centre on Thursday said it will keep a tab on public expenditure to ensure that Budget targets for this fiscal too are achieved."Efforts to get the economy on the path of fiscal prudence are on...

Wheat procurement touches record 26.43 MT

Wheat procurement in the country has broken a record, with 26.43 million tonnes of wheat purchased so far registering an increase of 18 per cent. Wheat procurement, which generally starts from April and continues till June, has been higher during the current marketing season due to record output of ...

Govt. plans to formulate National Manufacturing Policy to create jobs

CNG for NCR gets costlier by 80 paisa

After petrol, compressed natural gas (CNG) prices have been hiked by 50 paisa per kg to Rs 29, 80 paisa per kilogram. Industry sources said Indraprastha Gas Ltd (IGL), the sole supplier of CNG to automobiles and piped cooking gas, will raise compressed natural gas price in Delhi, Noida, Greater Noid...

Afghanistan gets duty free access to Indian market

India has extended duty-free market access to Afghanistan as part of its economic package for least developed countries. Under the scheme, the import of most products from the neighbouring country will be allowed at zero duty. India's Duty-Free Tariff Preference scheme provides preferential...

West should learn from India, China: Sen

At a time when several economies in the western world are facing severe crisis, Nobel laureate Amartya Sen believes that they can learn from countries such as India and China, which are witnessing rapid economic growth. Speaking at a function in Oxford University, Sen said there was much that the de...