Exports of top 5 sectors dip 31% in September

Slump in global demand has impacted Indian exports as well. According to Commerce Ministry data, exports of top five sectors fell by about 31 per cent to 13.6 billion dollars in September. Petroleum exports were most affected falling by over 60%, engineering exports fell by 23%. Textiles, gems &...

FPIs take out Rs 4300 crore in last five trading days

Foreign investors have pulled out more than 4,300 crore rupees from Indian capital markets in the past five trading sessions due to muted quarterly earnings and fears of a possible rate hike by the US Federal Reserve. The move comes after Foreign Portfolio Investors FPIs inflow had hit a 7-month hig...

Growth rate increased in NDA regime but people want more growth: FM

Finance Minister Arun Jaitley today said that growth rate has been increased in NDA regime but people want more growth in the country.He was addressing an annual function of Meyo College in Ajmer on Saturday.He said that the world now has recognized the India as a developed and economic power. Mr. J...

Railways to float green bonds, to fund its clean energy projects

Railways is considering to float green bonds, to fund its clean energy projects ,a senior Railway Ministry official on Saturday said.Railways have undertaken a series of clean energy projects like, setting up solar and wind energy plants and waste to energy plants to reduce its dependence on convent...

Union Minister stresses on innovation in packaging technology to boost exports

Union Minister for Commerce & Industry Nirmala Sitharaman on Friday laid stress on innovation in packaging technology as a measure to boost exports. Speaking at the Annual Convocation of the Indian Institute of Packaging (IIP) in Mumbai, Sitharaman described packaging as a blend of art, aest...

Venezuela withdraws 460 million US dollars from IMF last month

With its cash reserves in sharp decline, Venezuela withdrew 460 million US dollars from the International Monetary Fund last month in its third such operation this year. According to IMF website, Venezuela exchanged part of its Special Drawing Rights (SDR) -- an international reserve asset created b...

Andhra Pradesh Govt. decided to set up a hub for manufacturing medical equipment: CM

President Obama rejects plans to build a controversial oil pipeline from Canada to US

President Barack Obama has rejected plans to build a controversial oil pipeline from Canada to the United States. He said the Keystone XL project is not in the national interest. It will not boost US economy or the country's energy security.Canada's new Prime Minister Justin Trudea...

Northern Railways rolls out an elaborate plan to run 172 special trains

Gearing up to the festive rush, Northern Railways has rolled out an elaborate plan to run 172 special trains and to stop sale of platform tickets at major stations from 10 to 16 of this month. A senior Northern Railway official said, keeping the rush in mind, we have decided to stop sale of platform...

President rejects plans to build a controversial oil pipeline from Canada to US

President Barack Obama has rejected plans to build a controversial oil pipeline from Canada to the United States. He said the Keystone XL project is not in the national interest. It will not boost US economy or the country's energy security.Canada's new Prime Minister Justin Trudea...