National Manufacturing Policy to be announced by year end

The National manufacturing policy of the government will be announced by the end of this year. The Union Minister for commerce Mr. Anand Sharma told reporters in Jaipur today that the draft policy has already been released on 31st March this year. It will be finalized after the discussions on the po...

India to overtake China GDP in 2013: Report

India will overtake China's GDP growth between 2013-2015. Global investment firm Morgan Stanley has said in a report that it is likely that India and China will achieve growth rates of close to 9 per cent by 2012. India's GDP growth is inching closer to China's and it is e...

TRAI proposes 10-digit landline numbers

Govt to receive 4.3 trillion rupees as direct taxes: Moorthy

Government is confident of mopping up 4.3 trillion rupees as direct taxes in the current fiscal. Chairman Central Board of Direct Taxes S.S.N. Moorthy said in New Delhi today the first quarter the direct tax collection grew by 15.7 percent. He said that government was in the process of widening tax ...

Govt to receive 4.3 trillion rupees as direct taxes : SSN Moorthy

Government is confident of mopping up 4.3 trillion rupees as direct taxes in the current fiscal. Chairman Central Board of Direct Taxes S.S.N. Moorthy said in New Delhi today the first quarter the direct tax collection grew by 15.7 percent. He said that government was in the process of widening tax ...

Sensex falls by 53 points in closing trade today

The Sensex at the Bombay Stock Exchange fell by 53 points to close at 18,402, points today. Weak global markets is said to be the cause for the fall. The Nifty at the National Stock Exchange lost 10 points close at 5,531.Stock markets in Japan, China, Singapore, Hong Kong and South Korea declined be...

Govt to receive 4.3 trillion rupees as direct taxes : SSN Moorthy

Government is confident of mopping up 4.3 trillion rupees as direct taxes in the current fiscal.Chairman Central Board of Direct Taxes S.S.N. Moorthy said in New Delhi today the first quarter the direct tax collection grew by 15.7 percent. He said that government was in the process of widening tax b...

India's economy grew at 8.6 per cent in Q4 2009-10: CSO report

The country's economy grew by 8.6 per cent in the fourth quarter of the last fiscal as compared to 5.8 per cent during the same quarter last year. According to revised estimates of Central Statistical Organisation, the GDP during 2009-10 grew by 7.4 per cent against 6.7 per cent in the prev...

Oil prices rebound in Asian trade today

Oil prices rebounded in Asian trade on Friday on hopes the Japanese government will ease monetary policy to stimulate its economy. New York's main contract, light sweet crude for delivery in September, was up 14 cents to 74.57 dollars a barrel in morning trade. Brent North Sea crude for Oct...

Rupee depreciates by 7 paise against US Dollar

The rupee depreciated by 7 paise to 46.62 a dollar in early trade amid weak equity markets on Friday. The dollar's gain against other major currencies also kept some pressure on the rupee. The rupee had ended higher by 9 paise at 46.56 a dollar in the previous session on Wednesday.