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December 7, 2013 8:45 AM

Foreign Exchange Reserves surge to six month high of 291.30 billion dollars

India's Foreign Exchange Reserves have surged to six month high of 291.30 billion dollars as on the week ended 29th of November. The increase is on account of strong dollar inflows because of concessional swap facilities by the Reserve Bank of India. The RBI has offered discounted swap rates to...

December 7, 2013 8:42 AM

Anti-apartheid icon Nelson Mandela to be given state funeral on 15th December

Anti-apartheid icon and South African leader Nelson Mandela,who passed away in Johannesburg on the Thursday night, will be accorded a state funeral on 15th of December. This was announced bythe South African President Jacob Zuma. He said the state funeral would take place in Mandela's ancestral...

December 6, 2013 8:51 PM

Ministerial panel recommends bail out package to sugar industry

An informal group of ministers, headed by Agriculture Minister Sharad Pawar, has recommended a number of incentives to the sugar industry including financial package to pay cane farmers .Announcing the bailout package to the sugar industry, Mr Pawar told reporters after the meeting in New Delhi toda...

December 6, 2013 8:26 PM

EC rejects Jayalalitha's defence on Model Code of Conduct violation

The Election Commission-EC has rejected the contention made by Tamil Nadu Chief Minsiter J. Jayalalithaa about the violation of model code of conduct. The Commission cautioned her to be careful in future and not make announcements of new schemes to lure voters during elections. In her reply to the C...

December 6, 2013 7:12 PM

India declares 5-day state mourning for Nelson Mandela

India has declared a five day state mourning as a mark of respect to anti-apartheid icon Nelson Mandela. National flag will fly half-mast during mourning . During the mourning, the national flag will be flown at half mast from 6th to 10th December throughout the country and there will be no official...

December 6, 2013 6:45 PM

GoM recommends number of incentives for sugar industry to pay cane farmers

An informal group of ministers, headed by Agriculture Minister Sharad Pawar, has recommended a number of incentives to the sugar industry including financial package to pay cane farmers .Announcing the bailout package to the sugar industry, Mr Pawar told reporters after the meeting in New Delhi toda...

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