Business

October 14, 2016 7:36 AM

SEBI bans 21 entities in tax evasion case

Securities and Exchange Board of India, SEBI has banned 21 entities in a case related to tax evasion and illegal gains through misuse of stock exchange mechanism. A detailed investigation is on against others. The market regulator in an interim order in June this year had barred Dhyana Finstock and ...

October 13, 2016 9:25 PM

CCEA approves revision of ethanol prices to public sector

Cabinet Committee on Economic Affairs, CCEA has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies to carry out the Ethanol Blended Petrol, EBP, Programme. The administered price of ethanol for the Programme will be 39 rupees per litre for the ne...

October 13, 2016 9:08 PM

Retail inflation drops one year low of 4.31% in September

Retail inflation dropped to a 13-month low of 4.31 per cent in September this year. Inflation fell mainly on account of a fall in vegetables prices. Retail inflation measured by the Consumer Price Index had stood at 5.05 per cent in August this year, and 4.41 per cent in September last year. Accordi...

October 13, 2016 8:44 PM

Retail inflation drops to 13-month low of 4.31% in September

Retail inflation dropped to a 13-month low of 4.31 per cent in September this year. Inflation fell mainly on account of a fall in vegetables prices. Retail inflation measured by the Consumer Price Index had stood at 5.05 per cent in August this year, and 4.41 per cent in September last year. Accordi...

October 13, 2016 7:33 PM

WHO calls on govts to impose fiscal measures on sugar-sweetened beverages

World Health Organisation has called on governments to impose fiscal measures like taxes on sugar-sweetened beverages to discourage their consumption and prevent obesity and diabetes.The global health body, in its latest report, reiterates the need for a fiscal policy which includes subsidies for ve...

October 13, 2016 7:24 PM

Cabinet approves MoU on General Cooperation with NDB

The Cabinet has given its approval for signing of a Memorandum of Understanding (MoU) on General Cooperation with New Development Bank (NDB) through the BRICS Interbank Cooperation Mechanism. The proposal will enhance trade and economic relations among the BRICS countries and benefit the participati...

October 13, 2016 6:22 PM

CCEA approves mechanism for revision of ethanol prices to public sector

Cabinet Committee on Economic Affairs, CCEA has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies to carry out the Ethanol Blended Petrol, EBP, Programme. The administered price of ethanol for the Programme will be 39 rupees per litre for the ne...

October 11, 2016 11:22 AM

India to become 2nd biggest steel manufacturer by year-end: Birender Singh

Union Steel Minister Birender Singh has said India will become the second biggest steel manufacturer in the world by year-end. Currently, China is the largest steel manufacturing country followed by Japan and produces five times more steel than India. Inaugurating the newly-constructed Ganga Ram Hos...

October 10, 2016 7:38 PM

Industrial output shrinks for second straight month in August

Contracting for the second month in a row, the country's industrial production shrank 0.7 per cent in August this year. The country's factory output, measured by the Index of Industrial Production, IIP, had contracted 2.5 percent in July this year. Official data released today show...

October 10, 2016 2:37 PM

India will become 2nd biggest steel manufacturer by year-end: Birender Singh

Union Steel Minister Birender Singh has said India will become the second biggest steel manufacturer in the world by year-end. Currently, China is the largest steel manufacturing country followed by Japan and produces five times more steel than India. Inaugurating the newly-constructed Ganga Ram Hos...

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