EPFO launches online help desk to trace inoperative accounts

With a balance of Rs 27,000 crore lying in inoperative PF accounts, retirement fund body EPFO today set up an on line help desk for subscribers to trace such accounts and seek final settlement.There are about 8.15 crore inoperative provident fund accounts. Inaugurating the on line help desk, Ministe...

No change in ease of doing business during Modi govt: Deepak Parekh

Top industry leader Deepak Parekh has said that impatience has begun creeping in among businessmen as nothing has changed on ground in the first nine months of the Narendra Modi government. He said the industry is still optimistic about the changes it expects from the Modi government, but optimism i...

Foodgrains output may drop by 3% to 257 million tonnes this year

FAI approaches FM, seeks funds to clear subsidy arrears

Fertilizer Association of India has written a letter to Finance Minister Arun Jaitley seeking funds to clear outstanding subsidy arrears. The arrears are likely to cross 40,000 crore rupees by March-end. In a letter to the Finance Minister, Director General of FAI said that domestic urea manufacture...

India, Sri Lanka agree to enhance cooperation in oil & gas

India and Sri Lanka have agreed to explore avenues for enhancing cooperation in oil and gas sector. This was agreed during when visiting Sri Lankan Minister for Power Patali Champika Ranawaka met Oil Minister Dharmendra Pradhan to discuss bilateral cooperation in oil and gas sector. An official stat...

Inflation declines to five-and-a-half year low in January this year

Inflation declined to a five-and-a-half year low of minus 0.39 per cent in January this year, amid falling prices of fuel items. But inflation in food articles remained high. Inflation measured by the wholesale price index had stood at 0.11 per cent in December last year, while the number for Novemb...

Commodity exchanges' turn over dips by over 42%

The turnover of the country's commodity exchanges fell more than 42 per cent, to 51 lakh crore rupees during the April 2014 to January 2015 period of this fiscal. The drop is attributed to a sharp decline in traded volumes of most commodities. According to the Forward Markets Commission, th...

Wholesale inflation dips to negative, but food inflation rises

Whole sale inflation in January dropped to a negative. It was minus 0.39 per cent last month, from 0.11 per cent in December as per the government data released today. The decline in inflation was due to a big drop in fuel prices which declined by 10.69 per cent as compared to 7.82 per cent during t...

Inflation turns negative at (-) 0.39% in Jan, food prices high

Whole sale inflation in January dropped to a negative. It was minus 0.39 per cent last month, from 0.11 per cent in December as per the government data released today. The decline in inflation was due to a big drop in fuel prices which declined by 10.69 per cent as compared to 7.82 per cent during t...

India's trade deficit to 11 month low of 8.3 Billion Dollar in January 2015

India's trade deficit narrowed to an 11 month low of 8.3 Billion Dollar in January 2015 due to the sharpest contraction in imports since May last year. The trade deficit during April to January period of this fiscal stood at 118 Billion Dollar. Exports sharply contracted 11.19 per cent in J...