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Bihar Chief Minister Nitish Kumar and Nepal Prime Minister Baburam Bhattarai at the Global Bihar Summit 2012 in Patna on Friday. Photo: PTI
Bihar Chief Minister Nitish Kumar and Nepal Prime Minister Baburam Bhattarai at the Global Bihar Summit 2012 in Patna on Friday. Photo: PTI

Bhattarai: economic integration key to development of South Asia

‘Massive investments in key sectors vital for Nepal's development' »
RBI Governor D Subbarao with Deputy Governors Subir Gokarn, K. C. Chakrabarty and Anand Sinha at their Central Board meeting in Bhubaneswar on Thursday. Photo: PTI

RBI panel warns of fiscal slippages

Some members felt that the fiscal pressure would continue beyond 2011-12 "as the monetary impact of entitlements such as the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), oil, fertilizer and food subsidies would be significant." »
Michael Boneham

India a growth story for Ford: Michael Boneham

Work on the proposed $1-billion greenfield plant at Sanand in Gujarat ‘is on track' »

MPs want IT exemption limit raised to Rs. 5 lakh

Ahead of the Budget, some members of a Parliamentary panel scrutinising the Direct Taxes Code Bill on Friday pressed for raising the Income Tax exemption limit to Rs. 5 lakh per annum. Th... »

New Delhi to go ahead with trade team visit to Iran

Commerce and Industry Minister Anand Sharma said India's trade relations with Iran would not be affected by the bomb attacks. »
NEW DELHI, February 17, 2012

Thaw in ties sets off newer initiative with Pakistan

The thaw in relations between India and Pakistan has paved way for unleashing major ‘confidence building' initiatives on various fronts, including trade, banking, foreign direct investment and eas... »
File photo shows assessees preparing IT return forms in Chennai. The Standing Committee on Finance will meet on Friday to discuss the Direct Taxes Code Bill, which envisages rising IT exemption limit.
New Delhi, February 16, 2012

Parliamentary Panel likely to suggest hike in IT exemption limit

A Parliamentary panel will meet on Friday to discuss the report on the Direct Taxes Code (DTC) Bill, understood to have favoured raising Income Tax exemption limit to Rs. 3 lakh. “The Sta... »
NEW DELHI, February 15, 2012

Centre to miss disinvestment target

The Centre is likely to miss the disinvestment target of Rs.40,000 crore for the current fiscal as the Empowered Group of Ministers (EGoM) on Wednesday failed to reach a consensus on selling the g... »
WATCHING OVER THE CASH: A file picture of Union Finance Minister Pranab Mukherjee. Photo: Shanker Chakravarty.
New Delhi, February 15, 2012

Illegal outflow of Rs. 66,085 cr prevented by Revenue dept., says Pranab

Government’s efforts to deal with the menace of black money helped in checking tax evasion as alert revenue officials prevented illegal outflow of over Rs 66,000 crore by MNCs during the last fisc... »
European Commission President Jose Manuel Barroso (right), European
Council President Herman Van Rompuy (left) and Chinese Premier
Wen Jiabao pose for photos ahead of the European Union-China summit
at the Great Hall of the People in Beijing on Tuesday. Photo: AFP
BEIJING, February 14, 2012

China ready to play the saviour for debt-hit Europe

Chinese Premier Wen Jiabao told visiting European Union leaders on Tuesday that China was ready to play a bigger role in supporting debt-hit Europe, but stopped short of revealing either the scale... »
Labourers work at a cast iron factory on the outskirts of Jammu. The Indian economy struggles to balance a toxic mix of high inflation and slowing growth. File photo
New Delhi, February 14, 2012

Inflation eases to 6.55 per cent in January

Much to the government's respite, headline inflation eased to a 26-month low at 6.55 per cent in January from 7.47 per cent in December, 2011, owing to a further fall in vegetable prices, promptin... »
Lahore (Pakistan), February 13, 2012

Pakistan seeks more time to finalise negative list

In what could lead to delay in taking giant step towards removing trade barriers and enhance economic engagement between Pakistan and India, Pakistan on Monday said that it would not be po... »
P. M. Telang
February 12, 2012

We should have moved faster on Nano

Prakash M. Telang, Managing Director (India Operations) of Tata Motors, is a veteran of both the automobile industry and Tata Motors. An engineer with an IIM (A) degree under his belt, M... »
February 11, 2012

A crisis ignored

The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per t... »
NEW DELHI, February 11, 2012

Montek pitches for cross-border harmonisation of tax laws

Pitching for harmonisation of tax laws across national borders, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Friday favoured India taking steps to align its rules in line with bes... »

Paperless insurance in a year: IRDA

Euro Ministers cold on deal to bail out Greece

Trade team to visit Iran to boost ties

Exports record 10% growth

Jet fuel import may hit infrastructure snag

Senior UPA ministers losing sleep over proposed Food Security Act

Iran agrees for part payment in rupees for crude oil sale

Registration department nets Rs.141-cr. from Samadhan Scheme

Robert Zoellick
Washington, February 17, 2012

World Bank chief Zoellick decides to step down

World Bank President Robert Zoellick has announced to step down from at the end of his five-year-term in June, giving rise to speculation that the Secretary of State, Hillary Clinton, may be heade... »
February 16, 2012

Hair and how

The economic downturn may have dented India's exports in most sectors, but export of human hair continues to be buoyant. The global import of human hair during 2010 was US$ 1339 million, against wh... »
ISLAMABAD, February 15, 2012

India-Pakistan trade set to take off in a big way

The economic and trade engagement between India and Pakistan is ready to take off in a big way notwithstanding the decision of the Pakistan Cabinet to defer the pruning of the ‘negative list.' The... »
MUMBAI, February 14, 2012

RBI realigns Bank Rate with MSF

The Reserve Bank of India (RBI) has decided on Monday to increase the Bank Rate by 350 basis points from 6 per cent to 9.50 per cent per annum with immediate effect.The RBI said that it rea... »
Finance Minister Pranab Mukherjee. File photo
New Delhi, February 14, 2012

High prices of edible oil, milk push food inflation: Pranab

With inflation falling to a two-year low, Finance Minister Pranab Mukherjee today hoped it will drop further to 6 per cent by March, but warned that high prices of edible oils and milk could stoke... »
HYDERABAD, February 13, 2012

IT sector earnings likely to grow 22 %

Export of software and IT-enabled services is expected to touch $68 billion by the end of the current fiscal, up from $57 billion in 2010-11. However, in rupee terms, it has shown a 24 per cent de... »
February 12, 2012

Official data gives no cause for optimism

On the face of it, the Central Statistical Organisation's (CSO) advance estimates of gross domestic product (GDP) growth for the current year (2011-12), released last Tuesday, give little room for... »
New Delhi, February 12, 2012

CII suggests measures to achieve exports target

Against the backdrop of Commerce Ministry preparing the India’s Foreign Trade Policy, CII has suggested measures that would aid in achieving the $500-billion exports target by 2014-15.The i... »
DOWNWARD SPIRAL: Investor demand for commercial property is decreasing. Photo: S Ramesh Kurup
Analysis, February 11, 2012

Offices go a-begging

After a sharp growth for nearly two years, the tide has turned against the commercial property market in the country. It has been facing a slowdown in the last quarter of 2011 with the sentiment be... »
NEW DELHI, February 10, 2012

FDI worth Rs.1,034 cr cleared

The Central Government on Friday approved 20 foreign direct investment proposals (FDI), including that of Fluke South East Asia Pte, APF II India Investments Mauritius and Edict Pharmaceuticals, t... »

Industrial growth slumps to 1.8%

Public debt up 3.2 per cent to Rs.33.82 lakh crore in Q3

Tea exports drop in 2011

Implement FDI in an intelligent way: N. Ram

Tardy growth in direct tax collections

2G verdict will not impact FDI: Moily

GDP growth scaled down to 6.9 %

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