Economy News - Page 6

Three plaints of coin black marketing to RBI: Meena

On actions taken to stop black marketing of coins, the minister said that RBI has taken up the complaints with police authorities at appropriate level.

Govt approves Rs 3,120 cr highway projects in West Bengal

This stretch is a part of East-West corridor envisaged under NHDP-Phase II, and is a vital link for connectivity to North East.

Lower inflation will help RBI consider rate cut: Arvind Mayaram

Exuding confidence of clocking over 6 percent growth this fiscal, Economic Affairs Secretary Arvind Mayaram today said inflation will cool further helping the Reserve Bank to continue with an easy policy regime.

Goa introduces Krishi Card for farmers

The chief minister clarified that the card would not be a legal document, if the farmer or tenant wants to stake his claim over the land.

Can't disclose commissioning letter for black money study: Finance Ministry

Union Finance Ministry has refused to make public the order for commissioning a study to find out quantum of black money floating in economy saying it would be breach of parliamentary privileges.

Kamal Nath overruled official to denotify Goa SEZs: Wikileaks

Former union commerce minister Kamal Nath had overruled his ministry's secretary and favoured denotification of three special economic zones (SEZ) in Goa in 2008, suggest recently unclassified diplomatic cables available on Wikileaks.

Gas allocation: Power Min pitches for priority status for projects

Pitching for priority status to power projects on a par with fertilisers for gas allocation, Power Minister Jyotiraditya Scindia today said he is seeking a date for the meeting of high level inter-ministerial panel in this regard.

FM likely to attend annual retreat function of DEA officials

Finance Minister P Chidambaram is likely to attend the annual retreat function of the Department of Economic Affairs (DEA) officials tomorrow.

Growth to pick up in current fiscal, more room for FDI : Chidambaram

India's economy is capable of absorbing $50 billion in foreign direct investment per year, Finance Minister P Chidambaram said on Monday.

Subbarao to attend IMF conference in April

The three-day annual spring meeting of the IMF and the World Bank is scheduled to be held in Washington from 19 April onwards.

India's 2013-14 sugar output looks positive: ISO chief

On sugar decontrol, the ISO chief said that he was "hopeful" of sugar decontrol soon.

PM to push growth, investment at Durban BRICS Summit

Manmohan Singh said this would be the first BRICS Summit on African soil and Africa "will be an important theme of the Durban Summit".

Cyprus scrambles to avert crisis, seeks Russian help as EU threatens cutoff

Cyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid.

Intelligence report on 41 possible terror fundings: minister

FIU-IND is the central, national agency responsible for receiving, processing, analysing and disseminating information relating to suspect financial transactions.

Two rail projects for coal evacuation may end by FY'17

Patil further said that the quantum of coal that is likely to handled by three rail links is envisaged at 150 million tonnes per annum.

Govt to launch 1 bn units of Rs 10 plastic notes

The field trial will be conducted in five cities -- Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla with varied geographical locations and climatic conditions.

Assam Budget: Sanitary wares, cigarettes get costlier

Tax rate on generator sets has also been brought down to 5 percent from 13.5 percent.

EU hints at cut in executive salaries of listed companies

After reaching an agreement last week to cap bankers' bonuses, the European Union plans to rein in the salaries of managers and board members of all stock exchange listed companies across the EU block.

Rupee falls by 18 paise in early trade on dollar demand from importers

The rupee on Thursday lost 18 paise to 54.90 in early trade on the Interbank Foreign Exchange due to renewed dollar demand from importers and appreciation of the US currency overseas.

Cos facing probe allowed to tap ECBs via automatic route

As per earlier guidelines, corporates under investigation by any law enforcing agencies like Directorate of Enforcement (DoE) etc were not allowed to access ECB under the Automatic route.

Akhilesh Yadav presents deficit budget for Uttar Pradesh

After deducting from the consolidated fund, the actual deficit would be Rs 5,281.37 crore, Yadav said in his address.

Gold bounces off six-month low as bargain hunters buy

Gold rebounded from a six-month low on Monday as bargain hunters resurfaced and jewellers in China returned to the physical market after the Lunar New Year holiday, but a firm US dollar was likely to limit the upside.

Increase energy efficiency in building sector: Pranab

Mukherjee said that policy makers should address the issue of environmental pressures to achieve sustainability in face of increased demand for resources.

NSSO data does not always help reach right conclusion: Montek

The government needs to do a lot to create new jobs, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today adding the NSSO data does not necessarily reveal "what exactly is happening".

Kolkata Metro may soon increase fares

Facing acute losses, the Metro Rail in Kolkata has sought a hike in passenger fares to reach a "no- profit-no-loss" situation.

Three crucial rail link projects get cabinet approval

The Palanpur-Samakhiali line doubling project is expected to cater to immense potential of bulk traffic from port as well as from Kutch region.

Budget Session of Parliament from 21 February

The over seven-week Session will have a month-long break from 22 March to 22 April and will conclude on 10 May.

Onion rates fall slightly in Nashik, stable in Delhi

Onion production is expected to be close to last year's level of 174 lakh tonnes even as total area under the crop is down by 10 percent this year.

Rupee hits 3-1/2-month high of 53.22 in opening trade

The rupee's close below 53.34 support exposes 53.06, 61.8 percent of Oct-Nov rally.<br /><br />