Economy News - Page 5
Tea production declines 2 percent in May as Assam output falls
India is the world's second-largest producer and the biggest consumer of tea.
Jharkhand opts for discom package, starts unbundling power board
Bihar, Andhra Pradesh, Uttar Pradesh, Tamil Nadu and Haryana have come forward to avail the scheme.
Centre may allocate extra 5 MT grains for BPL families on Thursday
As of 1 July, foodgrain stocks in government godowns more than doubled to 73.9 MT, compared with a requirement of 31.9 MT.<br /><br />
Onion prices go north as supply dries up
The below-average rainfall in the district in the last two years resulted in shrinking of the area under onion cultivation, sources said.
SJVN gets coal block for 1,320 MW power plant in Bihar
SJVN is a joint venture between the Central government and the Himachal Pradesh government.
Fiscal 2012-13: Madhya Pradesh topples Bihar in growth rate
In 2012-13, Bihar's GSDP growth is estimated to have declined to 9.48 percent from 13.26 percent.
Monsoon outlook to determine RBI's policy actions, says Subbarao
The RBI is scheduled to unveil its first mid-quarter monetary policy review on June 17.
Rupee slide toward record low puts FM, RBI in tight spot
Global market tides have swept rupee close to an all-time low, raising current account financing and inflation risks, but for now policymakers are more likely to use small-scale intervention and administrative measures to defend the currency.
Andhra Pradesh launches annual credit plan
The annual credit plan will have a total outlay of Rs 1.33 lakh crore.<br /><br />
As yen weakens, Apple joins other foreign brands in raising prices in Japan
Apple Inc hiked prices of iPads and iPods in Japan on Friday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes income.
Wheat output in Punjab, Haryana may slip
Punjab had secured over Rs. 19,998 crore from the Reserve Bank of India this year for payment to farmers for the wheat being procured.
Govt slashes import tariff value of gold, silver
The government has slashed the import tariff value of gold and silver to $466 per ten grams and $761 per kg, respectively, considering weak global price trend.
Chidambaram to woo investors in UK, France and Qatar
During the 5-day tour, Chidambaram will hold a meeting with his UK counterpart George Osborne and address investor conferences. He will also hold meetings with leading UK investors.
Declining inflation may bring down gold demand: Rangarajan
Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said today.
Rupee declines on dollar demand from oil importers
The Indian rupee fell for a fourth session on early follow-on demand from oil and defence importers, say dealers.