Country is in better position relative to many other economies: RBI Governor

As stocks and rupee hit new lows, RBI Governor Raghuram Rajan has said the country is in a better position relative to many other economies.Speaking in Mumbai today he reassured markets that macroeconomic factors are under control. The RBI Governor said country has forex reserves of 380 billion US D...

RBI Governor hints at lowering rates as market rout gathers speed

As stocks and rupee hit new lows, RBI Governor Raghuram Rajan has said the country is in a better position relative to many other economies.Speaking in Mumbai today he reassured markets that macroeconomic factors are under control. The RBI Governor said country has forex reserves of 380 billion US D...

Steel sector needs to be strengthened and preserved: FM

Finance Minister Arun Jaitley has said steel sector needs to be strengthened and preserved as consumption will increase with rapid growth in Indian economy. Speaking at a function in New Delhi this morning, Mr Jaitley said, adverse global cues in the steel sector only a transient trends and India ha...

Shah panel's advice on MAT positive for market: Jayant Sinha

Union Minister of State for Finance, Jayant Sinha on Saturday said the AP Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax (MAT) will be a positive for the market. He said this to reporters at the Indian Institute of Science in Bangalore.Sinha is also said th...

CCI to facilitate E-Filing of documents with effect from Oct 1

Competition Commission of India, CCI will facilitate electronic filing of documents with effect from October 1. Speaking to reporters in Mumbai Friday, CCI Chairman Ashok Chawla said the arrangements for e-filing are almost complete and the move will help in faster disposal of merger and acquisition...

Centre hikes MEP of onion by over 60% to check price rise

Centre hiked minimum export price, MEP, of onion by over 60 percent to check price rise yesterday. The government hiked MEP of onion to 700 US dollar per Metric tons from 425 US dollar to check price rise. MEP was last increased from 250 US dollar per Metric tons to 425 per Metric tons on 26th of Ju...

Centre hikes minimum export price of onion by over 60% to check price rise

Centre hiked minimum export price, MEP, of onion by over 60 percent to check price rise yesterday. The government hiked MEP of onion to 700 US dollar per Metric tons from 425 US dollar to check price rise. MEP was last increased from 250 US dollar per Metric tons to 425 per Metric tons on 26th of Ju...

Investment proposals worth 90,000 crore rupees received for electronics manufacturing in last 2 months

Government has received investment proposals totaling 90,000 crore rupees in the last two months for electronics manufacturing in the country, with significant interest in making mobile phones by local and foreign firms. Ajay Kumar, Additional Secretary in Ministry of Communications and IT informed ...

BFS to start commercial banking operations tomorrow

Govt hikes MEP of onion to check price rise

Government on Saturday hiked minimum export price (MEP) of onion to 700 US dollar per Metric tons from 425 US dollar to check price rise.MEP was last increased from 250 US dollar per Metric tons to 425 per Metric tons on 26th of June this year.In an official release issued by Consumer Affairs and Fo...