Economy
IRDA Chairman J. Harinarayan (centre) releasing the White Paper on Financial inclusion: integrating insurance into total package in Hyderabad on Tuesday. Photo: Mohammed Yousuf
Adopt lead bank concept, IRDA chief tells insurers
Insurance companies need to improve their products and post-sale services to ensure that they are demand-driven, Chairman of Insurance Regulatory and Development Authority (IRDA) J. Hari Narayan s...
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U.S. may offer shale gas in liquefied form to India
Envoy makes ‘detailed and expansive presentations' on oil and gas markets
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Moody's lowers ratings of 26 Italian banks
Moody's Investors Service, on Monday, downgraded the debt ratings of 26 Italian banks as they struggled with the effect of the weak economy and government austerity measures. The move me...
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DTC Bill to be introduced in Monsoon Session: Pranab
The Direct Taxes Code (DTC) Bill, which seeks to overhaul the 50-year-old income tax laws, will be brought in Parliament in the monsoon session and most of the recommendations of the Standing Comm...
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‘Forex reserves can be used to stem rupee slide'
Prime Minister's Economic Advisory Council Chairman C. Rangarajan, on Monday, favoured utilisation of foreign exchange reserves to stem the depreciation in value of the rupee caused by the slide i...
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New Delhi,
May 16, 2012
Austerity measures on the way, says Pranab
Finance Minister Pranab Mukherjee on Wednesday said the government would resort to a fresh spell of austerity measures to deal with the difficult economic situation, but made it clear that he was...
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NEW DELHI,
May 15, 2012
Worried PMO proposes big investment boost
Worried over the declining growth rate, the large supply constraints on many fronts and a negative perception of India among the intelligentsia and industry, the Prime Minister’s Office (PMO) has...
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Mumbai,
May 14, 2012
Moody's downgrades three top private sector banks and LIC
Moody's, on Monday, downgraded three top private sector banks — ICICI Bank, HDFC Bank and Axis Bank — on growing concerns over the country's sovereign debt ratings and low level of cross-border di...
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New Delhi,
May 14, 2012
Inflation rises to 7.23 per cent
As if a high current account deficit (CAD) leading to a sharp depreciation in the value of the rupee, coming close on the heels of a steep 3.5 per cent contraction in industrial growth in March, w...
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CHENNAI,
May 12, 2012
Exports from Tamil Nadu cross $ 33.50 billion
Exports from Tamil Nadu, during 2011-2012, crossed $33.50 billion, 26 per cent higher than the previous year's export, according to the Federation of Indian Export Organisations (FIEO). The...
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New Delhi,
May 11, 2012
No case for stimulus, focus on project execution: Montek
Disappointed over poor performance of industrial production, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Friday said solution lies in demand generation through effective project...
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NEW DELHI,
May 10, 2012
ESCAP survey projects GDP growth at 7.5 % in 2012-13
After a spate of negative forecasts by a number of international agencies on the health of the country's economy, a United Nations report, on Thursday, projected a faster GDP (gross domestic produ...
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NEW DELHI,
May 10, 2012
Exports slow down to 3.2 % in April
In an indication of tough times ahead, the Indian exports have been hit by the poor global economic conditions registering a growth of 3.2 per cent in April at $24.5 billion. Significant...
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HYDERABAD,
May 8, 2012
Address supply side issues: Gokarn
Amid concerns over the pressure mounted by rising food inflation, the Reserve Bank of India (RBI) has expressed the view that addressing the supply-side issues would help tackle food price inflati...
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Manila,
May 5, 2012
Pranab sees revival on the back of ‘strong fundamentals’
Pinning hopes on revival of business confidence and strong fundamentals, Finance Minister Pranab Mukherjee on Saturday said the Indian economy would return to the pre-global crisis growth path in...
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Pranab puts blame on euro mess
U.S. unemployment ticks down to 8.1 per cent
Pranab blames global volatility for pressure on rupee
Advisory Group on taxation, transfer pricing set up
Salutary show, but miles to go
RBI to implement Basel III from January 1, 2013
Regulations for hedge funds soon, says SEBI chief
A rater for raters?
NEW DELHI,
May 15, 2012
Move to rework bilateral treaties
With six firms, including Devas Employees, Telenor, Vodafone, Loop Telecom and Sistema, having served notices on India for breach of Bilateral Investment Protection Agreement (BIPA), the Industry...
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NEW DELHI,
May 14, 2012
Reliance Ind termed credit negative
Global credit rating agency Moody's has downgraded Reliance Industries Ltd (RIL) as credit negative following the downward revision in the company's assessment of natural gas reserve.
Las...
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Mumbai,
May 14, 2012
Moody’s downgrades LIC’s rating
Global credit rating agency Moody’s on Monday downgraded the country’s leading financial institution, Life Insurance Corporation of India (LIC), following its recent investments in the oil and gas...
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May 13, 2012
A different stroke
Two numbers, two tales. What do we make out of them? Is India the happening place? Or, is the country slipping rapidly? The answer is ‘yes' and ‘no' for both! Given the all-pervasive gloom in Europ...
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BANGALORE,
May 11, 2012
Cause for concern, says Subir Gokarn
Expressing concern over the drop in industrial output, Reserve Bank of India Deputy Governor Subir Gokarn, on Friday, said the slow growth rate could be on account of the decline in industrial pro...
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New Delhi,
May 11, 2012
Industrial production contracts 3.5 per cent in March
On the back of a bundle of indicative woes afflicting the economy such as high inflation, widening current account deficit and a depreciating rupee that the government is yet to effectively addres...
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CHENNAI,
May 10, 2012
RBI steps in to shore up rupee
Reflecting its serious concern for the falling rupee, the Reserve Bank of India (RBI) has stepped in yet again with fresh measures to shore up the Indian currency.The apex bank has directed...
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Beijing,
May 10, 2012
India to acquire coking coal mine in Mongolia
In a move to reduce dependence on highly priced Australian coking coal, India will acquire a mine in Mongolia and also set up the first steel plant in the quality coal rich country.The Indi...
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NEW DELHI,
May 8, 2012
‘There is mismatch between procurement, grains storage’
Union Finance Minister Pranab Mukherjee on Monday admitted in the Lok Sabha that there was a mismatch between procurement and storage of grains. Earlier, the Opposition parties — NDA, Left,...
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CHENNAI,
May 4, 2012
RBI raises FCNR (B) rates
On a day when the benchmark BSE Sensex tanked 320 points and the rupee slid further, the Reserve Bank of India (RBI) stepped in to announce a series of measures to ease foreign currency flows and...
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Rs. 70,000 cr revenue foregone to promote exports in FY-11, says CAG
Retrospective changes in IT Act not to hurt investment: Govt
Australian cos hold back India investments
Govt may clarify stand on Vodafone issue in Parliament: Pranab
Yuan rate issue figures in U.S.-China talks
Pranab to leave for Manila today
India to get banking information from Switzerland on liberal terms
Latest in this section
Austerity measures on the way, says Pranab
Moody's lowers ratings of 26 Italian banks
Adopt lead bank concept, IRDA chief tells insurers
U.S. may offer shale gas in liquefied form to India
Move to rework bilateral treaties
DTC Bill to be introduced in Monsoon Session: Pranab
Worried PMO proposes big investment boost
Reliance Ind termed credit negative
‘Forex reserves can be used to stem rupee slide'
Moody's downgrades three top private sector banks and LIC
Union Budget 2012-13 - Live updates
U.S. may offer shale gas in liquefied form to India
Austerity measures on the way, says Pranab
DTC Bill to be introduced in Monsoon Session: Pranab
‘Forex reserves can be used to stem rupee slide'
No case for stimulus, focus on project execution: Montek
Moody's lowers ratings of 26 Italian banks
Highlights of Union Budget 2012-13
Exports from Tamil Nadu cross $ 33.50 billion
Inflation rises to 7.23 per cent
S&P lowers India's credit rating to negative
