Business

February 15, 2016 1:32 PM

Inflation cools to (-)0.9% in January amid fall in food prices

Reversing four months of rising trend, Wholesale Price Index (WPI) inflation fell to minus 0.9 per cent in January as food articles, mainly vegetables and pulses, turned cheaper. The Wholesale Price Index-based inflation was minus 0.73 per cent in December. This is the 15th straight month since Nove...

February 13, 2016 9:22 PM

India is moving from policy paralysis to a global bright spot: Finance Minister

Finance Minister Arun Jaitley has said that India is moving from policy paralysis to a global bright spot and fastest growing economy notwithstanding major challenges. In a write up, Mr Jaitley said many stalled infrastructure projects have now started moving. Rubbishing the charges of former Prime ...

February 13, 2016 9:15 PM

Railways make e-auction mandatory for scrap auction

Indian Railways has made e-auction mandatory for scrap auction as part of the Digital India initiative.According to a senior Railway Ministry official it has made over Rs. 3000 crore from scrap sales in last fiscal. Railways sells thousands of tonnes of scrap, including about 15,000 wagons, 1,200 co...

February 13, 2016 7:12 PM

Railways make e-auction mandatory for scrap auction

Indian Railways has made e-auction mandatory for scrap auction as part of the Digital India initiative.According to a senior Railway Ministry official it has made over Rs. 3000 crore from scrap sales in last fiscal. Railways sells thousands of tonnes of scrap, including about 15,000 wagons, 1,200 co...

February 12, 2016 8:18 PM

Industrial output declines for 2nd month, dips 1.3% in Dec

The country's industrial production declined for the second month in a row, shrinking 1.3 per cent in December 2015, mainly due to fall in manufacturing and capital goods output. Industrial output had grown 3.6 per cent in December 2014.According to data released by Central Statistics Offic...

February 12, 2016 7:55 PM

Jaitley to investors: Don't panic, trust economy's strength

Union Finance Minister Arun Jaitley today assured investors that they should keep the Indian economy's inherent strength in mind while investing. Talking to reporters at the Finance Ministry a day after the Sensex saw a massive 807-point plunge, Jaitley said the government will continue to ...

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