The Finance Minister has said that this year the revenue growth has been 29.4%. In an exclusive interview to All India Radio, Mr. Pranab Mukherjee said, this happened mainly because of structural changes that the Government has brought in for augmenting and generating more revenue through various me...

EU raises economic growth forecast for Eurozone slightly

The European Commission today raised its economic growth forecast slightly for the Eurozone and the European Union in 2011, but warned inflation would also exceed the previous forecast. According to the latest interim economic forecast, the eurozone economy will grow 1.6 percent and the European Uni...

Sensex closes 623 points higher

The Sensex at the Bombay Stock Exchange closed with a spectacular gain of 623 points, or 3.5 percent, at 18,447, today, as investors cheered the finance minister's growth-oriented budget. The Nifty at the National Stock Exchange zoomed 189 points, or 3.5 percent, to 5,522 points.

Sensex up over 581 points

The Sensex was up by over 581 points ahead of the close of trade today as investors cheered the government's pledge to trim its Budget shortfall and boost spending on projects needed to sustain growth and contain inflation. The 30-share index of the Bombay Stock Exchange, which rose by near...

Sensex regains 18K mark

The Sensex at the Bombay Stock Exchange, which had opened 209 points higher, this morning, later rallied even more strongly, to gain a huge 500 points, or 2.8 percent, and regain the key 18,000 mark, at 18,323, in afternoon deals, a short while ago. The Sensex rose as investors, encouraged by budget...

Govt expresses concern over rising price of crude in global markets

The government today expressed concern that increasing prices of crude and other commodities in global markets could add to inflationary pressure in the country.Finance Minister Pranab Mukherjee said at the Annual General Meeting of industry chamber FICCI that the possibility of the global commodity...

Govt allows 1 Lakh Metric tonne wheat export to Afghanistan

Relaxing the export ban on diplomatic ground, the government has allowed exporting of one Lakh Metric tonnes of wheat to Afghanistan through Food Corporation of India (FCI).The government had prohibited wheat exports in 2007 to increase domestic availability. According to the notification issued by ...

India's exports rise by 32.4% in January

Driven by a pick-up demand in the US and Latin American markets, India's exports rose by 32.4 per cent year-on-year to 20.6 billion dollars in January. This is in line with projections that overall shipments will touch 225 billion dollars this fiscal. Commerce Ministry data released today s...

IOC Chief hosts special meeting on illegal betting, match fixing

The President of the International Olympic Committee Jacques Rogge is hosting a special meeting on illegal betting and match fixing in sport in Switzerland later today. Representatives from the sports federations, governments and the betting industry as well as the international police agency, INTER...

No proposal to ban forward trading in essential commodities: Govt

The Government today said there is no proposal to ban forward trading in essential commodities. In a written reply in the Lok Sabha today, the Minister of state for Consumer Affairs, Food and Public Distribution Mr. KV.Thomas said a report submitted by a committee constituted by the government had s...