Business

October 15, 2015 8:20 AM

Govt to use stabilisation fund to control pulses price: Jaitley

The government has decided to invoke the 500 crore rupee Price Stabilisation Fund aimed at reducing the cost of imported pulses. The fund will be used for transportation, handling, milling and processing. The decision came after the pulses prices peaked to 180 to 190 rupees per kg in retail market a...

October 15, 2015 6:53 AM

India most attractive investment destination globally for next 3 yrs: EY

India has been ranked as the most attractive investment destination in the world for the next three years. This was revealed in a survey released yesterday by Global consultancy firm, Ernst and Young. Thirty-two per cent of the business leaders from global corporations polled for the survey, accordi...

October 14, 2015 9:18 PM

IIP, CPI data point towards steady improvement in economy : FinMin

Finance Ministry said that the data on the Index of Industrial Production (IIP) for August and Consumer Price Index New Series in September this year point towards steady improvement in the Indian economy. An official release said, IIP growth has registered an increase of more than 6 per cent after ...

October 14, 2015 8:10 PM

India most attractive investment destination globally for next 3 yrs: EY

India has been ranked as the most attractive investment destination in the world for the next three years. This was revealed in a survey by Global consultancy firm Ernst and Young which was released today. 32 per cent of the business leaders from global corporations polled for the survey said India ...

October 14, 2015 2:13 PM

WPI edges up marginally to minus 4.54% in Sept.

Wholesale Price inflation edged up marginally to minus 4.54 per cent in September as against minus 4.95 per cent in August. It has been in the negative zone since last November. In September last year, inflation was 2.38 per cent. According to the data released by the Ministry of Commerce and Indust...

October 14, 2015 1:08 PM

Arun Jaitley chosen 'Finance Minister of the Year, Asia' by Emerging Markets

Finance Minister Arun Jaitley has been chosen as Finance Minister of the Year, Asia by London-based publication Emerging Markets. In an article the magazine said that Mr Jaitley too deserves some recognition for India's relative economic success over the last 18 months. The Magazine also sa...

October 13, 2015 8:31 PM

IIP, CPI data point towards steady improvement in economy : FinMin

Finance Ministry today said that the data on the Index of Industrial Production (IIP) for August and Consumer Price Index New Series in September this year point towards steady improvement in the Indian economy. An official release said, IIP growth has registered an increase of more than 6 per cent ...

October 13, 2015 7:03 PM

India gives $ 5 million grant to Palestine

India has announced projects worth 17.79 million US dollars in Palestine. President Pranab Mukherjee, who is on a maiden visit to Palestine, committed five projects including a technology park at Ramallah. In addition, a grant of five million US Dollars has also been given to Palestine as Budgetary ...

October 13, 2015 7:02 PM

Indirect tax collection increases 35.8 % in 1st 6 months

Reflecting an increase in economic activity, indirect tax collection increased 35.8 per cent in the first six months of the current fiscal to 3.24 lakh crore rupees, hitting more than 50 per cent of the annual target. The indirect tax that includes Central Excise, Customs and Service Tax -- collecti...

October 13, 2015 2:07 PM

Over 14,600 crore rupees saved in LPG subsidy in last year: Oil Ministry

Over 14,600 crore rupees has been saved in LPG subsidy in last year as a result of direct benefit transfer scheme. Oil Ministry said in a press release that of over 18 crore registered LPG consumers as on 1st of April this year, three crore and 34 lakh connections were found either fake, duplicate o...

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