Crude prices were higher in Asian trade on Tuesday as freezing weather in the northern hemisphere and an expected hike in gasoline demand during the Christmas holidays drove markets, analysts said. New York’s main contract, light sweet crude for February delivery, gained nine cents to USD 89.46. Brent North Sea crude for delivery in February […]
The government on Monday decided to suspend onion exports till January 15 following skyrocketing prices at around Rs 60-70 a kilo due to “hoarding and speculation”. Agriculture cooperative major Nafed, which along with 12 other agencies regulates onion exports, have been asked to stop giving fresh clearance to exporters from Tuesday morning till January 15 […]
With the rate of price rise moderating in recent months, Prime Minister Manmohan Singh exuded confidence that inflation will stabilise at around 5.5 per cent by March next year and the economic growth will improve to 8.5 per cent. “Inflation remains a cause for serious concern in our country… We expect this downward trend to […]
By Dr. Sheetal Kapoor The Consumer Protection Act in India celebrates its silver jubilee next year. Consumer is considered as an inevitable part of the socio-economic-political system, where the exchange initiated and transactions realized between two parties, namely buyers and sellers has an impact on a third party i.e., society. The inherent profit motive in mass production […]
During the present calendar year (i.e. between January-October, 2010), FDI equity inflows of US $ 17.37 billion have been received. During the first seven months of the present financial year, 2010-11 (i.e. during April-October, 2010), US $ 12.40 billion have been received. During the financial year 2009-10, FDI equity inflows of US $ 25.89 billion […]
With the declining trend in inflation and amid reports of liquidity crunch, the Reserve Bank on Thursday announced pumping in Rs 48,000 crore into the system while keeping the key policy rates unchanged. In its mid-quarter review of monetary policy, the apex bank kept its short-term lending and borrowing rates to banks unchanged at 6.25 […]
After multi-billion dollar deals with US and French companies, Indian businesses are inking USD 16 billion worth deals with China’s industry, whose representatives are accompanying Premier Wen Jiabao on his three-day India visit. “The (investment and trade promotion) mission is scheduled to sign economic and trade agreement worth more than USD 16 billion with Indian […]
By Geetha V. P Prime Minister Manmohan Singh might be admired for his integrity. But not the UPA Government he heads at the Centre. It was a season of corruption and scandals for the Congress lead ruling coalition. In 2007 India was ranked 74 out of 180 countries in the Corruption Perceptions Index (CPI) and […]
Australia is keen on broadening economic cooperation in areas such as infrastructure, food processing and Tourism withIndia, its top diplomat said. The core areas being looked at are infrastructure, education, tourism and food processing, Australian High Commissioner to India Peter N Varghese said inKochi on Monday. He was speaking to reporters after inaugurating the Australian Trade Commission […]
The Prime Minister’s economic panel has said the economy is growing at a rate that is above expectations and it is likely to expand by about 9 pc this fiscal, higher than the earlier estimate of 8.5 pc. “It (GDP growth so far this fiscal) is certainly above the original expectation of 8.5 per cent, […]
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