Rupee marginally rose by one paise to 45.37 per dollar in early trade

Sensex down 221 points on interest rate hike fears?

The Sensex opened 221 points down on Monday as funds and retail investors continued selling on fears of another hike in key interest rates by the RBI to regin in inflation. The 30-share index of the Bombay Stock Exchange that tumbled 868 points in the previous four sessions, slid by another 221 poin...

High-level growth in India helps Intl economy to recover from recession: WB

World Bank has said that high level of growth in the India is helping the international economy recover from the crippling impact of recent financial turmoil. World Bank President Robert B Zoellick said that India is a player on the global stage and its status as a rising economic power is closely c...

ASSOCHAM comes out with five-point strategy for development of India

Industry body Assocham today came out with a five-point strategy focusing on infrastructure, good governance and education to transform India into a developed economy. In a statement in New Delhi, Assocham said, the government should take more concrete steps to ensure 100 per cent literacy by the en...

Montek urges Indian Diaspora to invest in India

The Deputy Chief of Planning Commission, Mr. Montek Singh Ahluwalia today urged the Indian Diaspora to invest in India. Addressing a special session of the 9th Pravasi Bhartiya Divas, he said that if they invest in the country now, they will not regret it 20 years later.Mr. Ahluwalia also invited th...

India can become biggest economy in world by 2050 :FM

Finance Minister Pranab Mukherjee has said, India can become the biggest economy in the world by 2050. He predicted India can overcome USA by 2030 to become the second biggest economy after China. The Finance Minister also said predictions of India emerging as the biggest economy in the world surpas...

ASSOCHAM comes out with five-point strategy development of India

Industry body Assocham today came out with a five-point strategy focusing on infrastructure, good governance and education to transform India into a developed economy. In a statement in New Delhi, Assocham said, the government should take more concrete steps to ensure 100 per cent literacy by the en...

Export grew 36.4% in December

India's exports in December went up by 36.4 per cent to $22.5 billion. Speaking to reporters in New Delhi today, Commerce Secretary Rahul Khullar said this was a record 33-month high and that happened due to diversification of the overseas markets such as Latin America and price competitive...

CAG estimate erroneous: Sibal on 2G

The Centre has rejected the Comptroller and Auditor General (CAG) 's estimates of losses of Rs 1.76 lakh crore in allocation of 2G spectrum saying that they were completely erroneous. Describing the figures arrived at by the CAG as a figment of imagination; Telecom Minister Kapil Sibal said...

Export grew 36.4% in December

India's exports in December went up by 36.4 per cent to $22.5 billion. Speaking to reporters in New Delhi today, Commerce Secretary Rahul Khullar said that was a record 33 months high.He said imports during the month contracted by 11.1 per cent.Khullar said the trade deficit was at $2.6 bil...