Jaitley seeks UAE sovereign wealth funds' investment for NIIF

Finance Minister Arun Jaitley invited sovereign wealth funds of the UAE to invest in National Infrastructure and Investment Fund (NIIF), saying it will provide good return. The Finance Ministry said in a statement that NIIF will attract good return on the investment made by the Sovereign Wealth Fund...

Jaitley seeks UAE sovereign wealth funds' investment for NIIF

Finance Minister Arun Jaitley today invited sovereign wealth funds of the UAE to invest in National Infrastructure and Investment Fund (NIIF), saying it will provide good return. The Finance Ministry said in a statement that NIIF will attract good return on the investment made by the Sovereign Wealt...

TN floods: More than 10 thousand people rescued

In Tamilnadu, more than 10 thousand people who were stranded in flood waters in Chennai, were rescued by the defence forces and the fire and rescue personnel for the past 24 hours. A press release stated that the naval team comprising of experienced divers, swimmers and two inflatable geminie crafts...

TN floods: More than 10 thousand people rescued

In Tamilnadu, more than 10 thousand people who were stranded in flood waters in Chennai, were rescued by the defence forces and the fire and rescue personnel for the past 24 hours. A press release stated that the naval team comprising of experienced divers, swimmers and two inflatable geminie crafts...

G-20 leaders affirm for inclusive growth

Low oil prices favoured Indian economy: Arun Jaitley

Finance Minister Arun Jaitley has said the low oil prices have created a favourable environment for the Indian economy as it helped to absorb the loss faced by oil companies and kept inflation under control. Addressing the business community in United Arab Emirates, Mr Jaitley said low oil prices al...

G-20 leaders affirm for inclusive growth

Oct WPI inflation at -3.81% versus -4.54% in Sept

Wholesale inflation moved up to minus 3.81 per cent in October this year, compared to minus 4.54 percent in September, as pulses and onions turned costlier. This is the 12th month in a row that wholesale price inflation has remained in the negative zone. Wholesale inflation had stood at 1.66 percent...

Exports dip 17.5% in October; trade deficit narrows

Contracting for the 11th month in a row, the country's merchandise exports slumped 17.5 per cent in October, to 21.4 billion dollars. Exports declined mainly due to a steep fall in the shipments of petroleum and engineering products, and of iron ore, amid a broader demand slowdown. Imports ...

Inflation at (-)3.81% in October; Pulses, onion expensive

Wholesale inflation moved up to minus 3.81 per cent in October this year, compared to minus 4.54 percent in September, as pulses and onions turned costlier. This is the 12th month in a row that wholesale price inflation has remained in the negative zone. Wholesale inflation had stood at 1.66 percent...