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June 3, 2011 9:31 PM
Finance Minister Pranab Mukherjee says that Government is committed to achieve the budget targets in the current financial year and efforts to get the economy on a path of fiscal prudence are on track. Addressing the Consultative Committee attached to his Ministry in New Delhi, Mr Mukherjee said tha...
June 3, 2011 6:53 PM
In Iraq, at least 16 people were killed and more than 50 wounded Friday morning in a bomb blast at a Sunni mosque in the hometown of former Iraqi leader Saddam Hussein. Investigators said the blast took place as worshippers were leaving the mosque in Tikrit city, north of Baghdad. The mosque is part...
June 3, 2011 6:49 PM
India has extended duty-free market access to Afghanistan as part of its economic package for least developed countries (LDCs). Under the scheme, the import of most products from the neighbouring country will be allowed at zero duty. India's Duty-Free Tariff Preference (DFTP) scheme, launch...
June 3, 2011 6:48 PM
The Insurance regulatory and development authority, IRDA is considering a proposal to allow banks to sell products of two insurance companies each in life and non-life categories. After inaugurating the grievance portal for customers in New Delhi on Friday, IRDA Chairman J Harinarayanan said that a ...
June 3, 2011 5:36 PM
Finance Minister Pranab Mukherjee says that Government is committed to achieve the budget targets in the current financial year and efforts to get the economy on a path of fiscal prudence are on track. Addressing the Consultative Committee attached to his Ministry in New Delhi, Mr Mukherjee said tha...
June 3, 2011 5:35 PM
The Government is likely to take a final decision on allowing foreign investment in multi-brand retail trade within the next six months. This was revealed by Chief Economic Advisor Kaushik Basu in an interview to a private news channel. Mr Basu said that the opening up of the retail trade to foreign...
June 3, 2011 5:26 PM
Gold declined 150 rupees, to 22,670 rupees per ten grams at Delhi's bullion market, on Friday, on weak local demand, and negative global cues. Silver ready continued to slide for the third straight day, plunging 2,000 rupees, to 54,000 rupees per kilo. But silver coins surged 6,000 rupees, ...
June 3, 2011 5:22 PM
The Sensex at the Bombay Stock Exchange dropped 118 points, or 0.6 percent, to 18,376, amid weak Asian markets on Friday. The Nifty at the National Stock Exchange fell 34 points, 0.6 percent, to 5,517. Stock markets in Japan, Singapore, Hong Kong, and South Korea fell between 0.1 percent and 1.3 per...
June 3, 2011 2:17 PM
A RBI panel has recommended that banks should put in place secure systems to check Debit and Credit cards frauds.The panel has suggested that all transactions through such cards should have a Personal Identification Number, PIN, as an additional factor of authentication. It has called for putting in...
June 3, 2011 1:58 PM
The Foreign Exchange earnings from tourism grew by over 15 percent in May 2011 compared to the same month last year. The number of foreign tourist arrivals in India registered an increase of seven percent in this period. According to an official release, the total foreign exchange earnings stood at ...
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