GJF urges govt to relook its decision to make PAN card mandatory for gold purchase<br/>

All India Gems and Jewellery Federation has urged the government to relook at its decision to make PAN card mandatory for transactions worth two lakh rupees and above. Addressing a press conference in Mumbai yesterday, Federation Director Ashok Minawala claimed that the industry is suffering huge lo...

Sensex drops to 21 month low; loses 262 points to close below 24,000 mark

The domestic stock markets posted significant losses for the third straight session, to end below the 24,000-mark, but the rupee managed to close with small gains. Showing extended weakness, the Sensex at the Bombay Stock Exchange slumped 262 points, or 1.1 percent, to a 21-month closing low of 23,7...

UAEs Adnoc to store crude in India's strategic facility

The UAE&apos;s national oil company Abu Dhabi National Oil (ADNOC) Company has agreed to store crude oil in India&apos;s maiden strategic storage and give two-third of the oil to it for free. India is building underground storage at Visakhapatnam , Mangalore and Padur to store about 5.33 mil...

Govt may exempt import duty on used cooking oil: Gadkari

To encourage use of alternative fuel, the government is thinking about withdrawing import duty on used cooking oil, said Union Minister Nitin Gadkari. He said if that oil comes in the country then bio-diesel will be made from it. He was addressing Assocham&apos;s &apos;Smart City&apos; s...

Govt to meet FY16 tax revenue target: Hasmukh Adhia

The government today said it will achieve the tax revenue target for the current year with larger than budgeted indirect tax collections. Revenue Secretary Hasmukh Adhia said indirect tax collection likely to be exceed about 40,000 crore rupees in the current year. He said, of the 14.49 lakh crore r...

Govt hikes import tariff value on gold & silver

Taking cues from global market, the government today hiked the import tariff value on gold to 388 dollars per 10 grams and that on silver to 487 dollars per kilogram. For the first fortnight of this month, the import tariff value on gold was fixed at 363 dollars per 10 gram and on silver was 443 dol...

India has sanctioned 5.8 billion rupees as part of the cost for constructing the 15-km railway track that will connect Kolkata with Tripura via Bangladesh. The Agartala-Akhaura rail-link between Indian Railway and Bangladesh Railway will reduce the current 1700 km road distance between Kolkata to Ag...

MII week: Maharashtra hopes to tap Rs. 4 to 5 lakh crore industrial investments

Milk production increased to 146.31 million tonnes in 2014-15: Govt

Union Agriculture Minister Radha Mohan Singh has said that India&apos;s milk production has increased to 146.31 million tonnes in 2014-15.Addressing a function at National Dairy Research Institute in Karnal, Haryana, he said the per capita availability of milk has also increased to 302 gm, more ...

7.6 % GDP growth significant amid global turmoil: Economic Affairs Secretary<br/>

Economic Affairs Secretary Shaktikanta Das has said that 7.6 per cent GDP growth is significant amid the global turmoil and there is no need to be sceptical.In a tweet on Tuesday, he said, there is need to continue reforms and policy initiatives. According to data of the Central Statistics Office (C...