India's insurance-based social protection programmes are yet to make any impact on the unorganised sector because of poor design and lack of proper implementation mechanism, a World Bank report said. The report titled 'Social Protection for a Changing India' said that insu...

Africa's progress could help resolve world's many problems: PM

PM hopeful of 8.5% growth in current fiscal

Prime Minister Manmohan Singh has expressed confidence that his government will be able to achieve 8.5 per cent growth during the current fiscal despite concerns over high oil prices. Speaking to reporters on board special flight on his way back home from Ethiopia and Tanzania , Dr Singh said the Re...

FDI in services dips 22.5 pc in 2010-11

Foreign direct investment FDI in India's services sector has declined by 22.5 per cent to 3.4 billion US Dollars in 2010-11. According to the latest data released by Industry Ministry, FDI in service secor contributes over 50 per cent in the country's economic growth. The services ...

Tata Motors launches Nano in Sri Lanka

The world's cheapest car NANO has been launched in Sri Lanka. The first batch of 500 Nanos will be thrown open for booking today in the country. Our Colombo correspondent says that despite the 110 percent duty imposed, Nano will be one of the cheapest cars available in Sri Lanka.

WTO members agree to open markets to least dev countries

Amid differences to liberalise global trade through the Doha pact, WTO members of the emerging economies like India and the rich countries have agreed, at the minimum, to open markets to least developed nations.Trade Ministers from India, European members, the US, Australia and China met informally ...

GoM okays selling of majority stake in Cairn India to Vedanta

A ministerial panel has agreed to govt granting approval to UK's Cairn Energy selling majority stake in its Indian unit to Vedanta Resources apparently without any pre-condition.The recommendation of the Group of Ministers headed by Finance Minister Pranab Mukherjee will go to the Cabinet C...

Panel in place to curb black money

The Government has constituted a committee to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery. The nine-member committee will be headed by the Chairman of the Central Board of Direct Taxes. According to a finance mini...

Panel in place to curb black money

The Government has constituted a committee to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery.It has been set up under the Chairmanship of Central Board of Direct Taxes (CBDT) and will have six members in it. Accordin...

RBI asks banks to reimburse failed ATM transactions in 7 days

The Reserve Bank on Friday directed banks to reimburse customers for amounts wrongfully debited from their accounts in failed ATM transactions within seven days of an account holder's complaint or else pay a Rs 100 per day compensation."The time limit for resolution of customer com...