India needs to achieve sustained economic growth of 9-10%: Jaitley

Finance Minister Arun Jaitley has said that Indian economy needs to grow at 9 to 10 per cent and sustain it over the next decade and beyond, to provide better infrastructure and bring down poverty. Responding to queries during a seminar at Columbia University in US yesterday, the Finance Minister sa...

Public debt not a problem yet for India: RBI Governor Raghuram Rajan

Core sector growth slows to 13-month low of 1.8% in January

Growth of the country's eight core sector industries slowed to a 13-month low of 1.8 percent in January this year. The core sector industries had expanded by 3.7 per cent in January last year. According to data released by the Commerce and Industry Ministry, crude oil production declined 2....

Commerce and Industry Ministry seeks imposition of import duty on Cement in order to boost exports

The Commerce and Industry Ministry has sought imposition of import duty on Cement in order to boost exports from the country. Addressing the 53 Annual Session of Cement Manufacturing Association in New Delhi today, Secretary in Department of Industrial Policy and Promotion, DIPP, Amitabh Kant said t...

Rupee lose 8 paise against US dollar in early trade today

The rupee lost 8 paise to 61 rupees 91 paise against the dollar in early trade today due to appreciation of the US currency overseas. It had slid 8 paise to end at 61 rupees 83 paise on Friday.

Maran brothers today appear before a Delhi CBI special court on 2G cases in connection with the Aircel-Maxis case

Former Telecom Minister Dayanidhi Maran and his brother Kalanithi Maran today appeared before a Delhi CBI special court on 2G cases in connection with the Aircel-Maxis case and filed their bail pleas. Special Judge OP Saini adjourned the case to March 16 and asked the CBI to respond by then. The CBI...

Rupee lose 8 paise against US dollar in early trade today

The rupee lost 8 paise to 61 rupees 91 paise against the dollar in early trade today due to appreciation of the US currency overseas. It had slid 8 paise to end at 61 rupees 83 paise on Friday.Meanwhile, the Sensex at the Bombay Stock Exchange rose by 209 points at 29,570 in early trade today.

Petrol, diesel prices raised by Rs 3.18 and Rs 3.09 a litre

Oil marketing companies have increased the prices of petrol and diesel. Petrol price has been increased by 3 rupees, 18 paise per litre and diesel by 3 rupees, 9 paise per litre including state levies. The new rates came into effect midnight last night.Indian Oil Corporation in a statement said that...

Govt to bring down stake in PSU banks to 52%: Hasmukh Adhia

Financial Services Secretary Dr Hasmukh Adhia has said that government is planning to bring its equity in public sector banks to 52 per cent. Participating in All India Radio's Radio-Bridge programme on Union Budget yesterday, Dr Adhia said, the plan will fetch 80 thousand crore rupees. He ...

Goa CCI welcomes thrust given to infra development in Union Budget

Goa Chamber of Commerce and Industry has welcomed the thrust given to infrastructure development in the Union Budget.Senior Vice President of GCCI, Sandeep Bhandare expressed enthusiasm regarding the provisions for infrastructure development outlined in the budget and financial aid structure for eas...