India's foreign exchange reserves drops

After rising for three consecutive weeks; India's foreign exchange reserves dropped by 2.592 billion US Dollar to 340.4 billion dollar in the week ended 10th April. An RBI press release has informed that foreign currency assets, a major part of the overall reserves, declined by 2.5 billion ...

Rating agency Moody's predict 7.5 percent gdp growth for indian economy this year

World Bank praises PM Narendra Modi's Jan Dhan Yojna

World Bank Chief Jim Yong Kim has praised Prime Minister Narendra Modi's Jan Dhan Yojna. Speaking at a panel discussion in Washington on the sidelines of the annual spring meeting of the International Monetary Fund and the World Bank, Jim Yong Kim said strong visionary leadership of Mr Modi...

Air Canada to resume direct flights between Toronto and Delhi from coming winter season

After a gap of almost a decade, Air Canada will resume direct flights between Toronto and Delhi from coming winter season. The airline's President and CEO, Calin Rovinescu, met the Prime Minister at his meeting with business leaders in Toronto and informed him about the plans of Air Canada....

Ratan Tata asks the industry to extend their support and opportunity to PM Modi to deliver on his promises

Ratan Tata asks industry to support PM Modi for delivering on his promises

Trade deficit widens as exports decline by 21.1% while imports slump 13.4%

The country's exports declined 21.1 per cent, to 24 billion dollars in March this year. Imports contracted 13.4 per cent, to 35.7 billion dollars in March, leaving a trade deficit of 11.8 billion dollars. Cumulative exports contracted 1.2 percent, to 310.5 billion dollars in the 2014-15 fis...

Trade deficit widens to $11.79 bln in 2015

The country's trade deficit widened by 1.3 billion dollars to 137.01 billion dollars in the financial year 2015 as against 135.8 billion a year ago. The Indian exports at 310.5 billion dollars missed the annual target by 11.52 per cent. India had set a target of 340 billion dollars. Imports...

Kochi Metro, Axis Bank ink deal for automatic fare collection system

Kochi Metro Rail Limited, KMRL will introduce special debit card along with the Automated Fare Collection, AFC System of the proposed Kochi Metro. According to KMRL, the major deal for introducing world class AFC along with Kochi Metro was concluded and an amount of Rs. 209 crores will be earned by ...

Modern, friendly tax system will be key to realise India's double digit growth: Jaitley

Finance Minister Arun Jaitley has said that India is on its way to have a modern and friendly tax system after the NDA government at the Centre initiated a series of administrative and legislative reforms. He said, such a modern tax system, which is friendly to the people and businesses, will be a k...