Economy News - Page 4

China Aug inflation eases: Is it another sign of stabilising economy?

Muted inflation data on Monday added to a run of August figures suggesting the protracted slowdown in China's economy may be bottoming out, helped by targeted support measures and signs of improved export demand.

China's yuan weakens against US dollar

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day

Direct transfer for LPG to touch 289 districts by January

By January, almost all the state capitals will be covered under the scheme.

Address Kerala's concern over food security: CPM

Under the new food regime, BPL families in the state would get less quantum of food grain, a CPM leader said.

Not just your wallet, financial stress may hit your brain too

People worrying about having enough money to pay their bills tend to lose temporarily the equivalent of 13 IQ points, scientists found when they gave intelligence tests to shoppers at a New Jersey mall and farmers in India.

Telenor India says it has broken even in two more zones

Telenor's Indian unit has achieved breakeven in two more telecommunication zones it operates in, the unit's chief executive Yogesh Malik said on Thursday.

Rangarajan says the rupee correction was expected

Adjustment in rupee, which has fallen by nearly 20 percent since May, was called for as the country has seen high inflation compared with other countries, Prime Minister's economic adviser C Rangarajan said on Tuesday.

GM India to recall 4,000 Sail cars due to engine issue

General Motors Co. said on Tuesday it was recalling 4,000 of its Chevrolet Sail diesel variant cars in India to address a potential engine issue.

Assam ready to help private players for mega projects: minister

Bordoloi said there was a cabinet sub-committee which looked into issues of conversion of land agriculture to industry and tried to strike a balance.

Six CPSEs closed down in five years: Patel

As on 31 March 2012, there were 260 CPSEs in the country employing 13.98 lakh people.

WPI food inflation for rural labourers higher than CPI

WPI inflation increased to a five-month high of 5.79 percent in July, 2013. The rate of price rise was 4.86 percent in June.

Aadhar not mandatory for availing subsidies: Centre

Raising the issue during Zero Hour, MP Achuthan (CPM) said that in Kerala public sector oil companies had made it mandatory for people to get Aadhaar-linked bank accounts for getting subsidy on LPG. <br /><br />

Rs 44,000 cr worth of food goes waste every year: Pawar

Pawar said during Question Hour that the value of annual wastage of fruits and vegetables was estimated at Rs 13,309 crore.

Fertiliser demand for all states fully met: Jena

The supply is made both through indigenous production as well as imports to ensure that there is no shortfall, the minister said.

Govt approves 18 single brand retail FDI proposals in last 2 yrs

The government approved a total of 18 foreign direct investment proposals worth $173 million in the single brand retail sector between April 2010 and May 2013, Parliament was informed today.

As rupee plummets, govt bans duty-free import of TVs by airline passengers

India will ban the duty-free import of flat-screen televisions from 26 August, the government said in a statement on Monday.

Copper production rose to 6.92 LT in 2012-13

Copper production was at 6.64 lakh tonnes copper in 2010-11, the minister said.

Onion prices go north in Delhi at Rs 60 a kilo

Concerned over the rising prices, Delhi government has already started selling onion vegetable at reasonable rates at 350 outlets across the city to provide relief to citizens.

Centre drops plans to build Rs 20K cr UMPP in Chhattisgarh

The coal block allotted for the project falls under the area of dense forests and therefore likely to have an adverse impact on the environment, sources said.

Now, a series on All India Radio to highlight merits of UPA's schemes

In a statement issued here, AIR said that "Priya" is a story of a poor but courageous young women protagonist, who fights against all odds, bringing the village folk together, generating awareness in them in the modern context.

Rupee revival plan: Govt plans to tap NRIs, but are they willing?

India's multi-million-strong diaspora is patriotic up to a point. In fact their patriotism may amount to 5 or 6 percentage points of annual investment returns when it comes to providing the hard currency needed to revive the rupee.

Now onions cost a bomb at Rs 36-40 a kilo

Retail price of onion had stood in the range of Rs 14-15 per kg a year ago in these cities, the ministry data showed.

Part of railway projects to fall under MNREGA

Ramesh has already made it clear that no mechanical work like maintenance of railway track could be included in the job scheme.<br /><br />

Domestic growers face challenge from imported fruits: Pawar

The agriculture minister said that the challenge before the government is to ensure adequate income to farmers.

Badal writes to PM, seeks 80% subsidy on solar pumps

During the period 2000-01 and 2003-04, the Centre was providing subsidy for solar water pumps up to 80 percent of the total cost. <br /><br />