APN News

  • Sunday, September, 2021| Today's Market | Current Time: 03:10:16
  • Inflationary pressure on food items remains concern: Pranab

    Finance Minister Pranab Mukherjee has expressed concern over inflationary pressure on food prices, but said the Reserve Bank and his ministry will take appropriate action as and when needed. “Inflationary pressure is still there because food prices have gone up because of the erratic monsoon and certain other things,” Mukherjee told reporters in New Delhi […]

    New WPI series comes into effect; Aug inflation at 8.51 pc

    Inflation for the month of August stood at 8.51 percent, according to the new Wholesale Price Inflation (WPI) series released by the government on Tuesday. As per the old series with a base year of 1993-94, WPI inflation stood at 9.5 percent for the month, according to the Commerce Ministry. Overall inflation in August witnessed […]

    Factory output almost doubles at 13.8 % in July

    Indian industrial output growth nearly doubled to 13.8 percent in July, dispelling fears about a demand dip and enthusing policy planners to hope for a more than 8.5 percent economic expansion. Fears about falling demand had set in after an official bungling in the calculation of first quarter GDP numbers. However, the Index of Industrial […]

    Inflation to come down in coming months: PM

    Prime Minister Manmohan Singh on Wednesday expressed hope that inflation, which is close to the double digit mark, will come down in the coming months. “Let us hope, it (inflation) will come down in the coming months. I am not an astrologer,” he told reporters. The overall inflation stood at 9.97 percent in July and […]

    ‘China still developing country despite 2nd largest economy’

    China remained a developing country facing many challenges, including alleviating poverty in rural areas, despite emerging as a second largest economy of the world, World Bank President Robert B Zoellick has said. “China has scored amazing economic success for the past three decades, not only in terms of high growth rates, but also in poverty […]

    High demand to persist, as govt ups demand side GDP: Experts

    The government’s upward correction of growth estimates from the demand side for the first quarter of this fiscal have reduced apprehensions that the economy might slow down in the coming months, say experts. Admitting to error, the government had last week revised the economic growth at market prices (that consumers pay) to 10.02 per cent […]

    Cap CEO salaries, let shareholders decide pay: Panel

    Salaries of chief executives should be capped and shareholders should have a say in managerial remunerations, a parliamentary panel on the new Companies Bill has suggested. It has asked the Corporate Affairs Ministry to develop a “rational formula” for managerial remunerations. “The committee are of the view that an overall outer ceiling on managerial remuneration […]

    Food inflation rises 10.86 pc in third week of August

    After declining for two consecutive weeks, food inflation inched up marginally to 10.86 per cent for the week ended 31st August, as prices of cereals, fruits and milk rose. Food inflation was 10.05 per cent during the previous week, while it was 14.86 percent a year ago. The rise in food inflation has been driven […]

    India, China hold talks to step up economic cooperation

    India and China on Thursday held high- level comprehensive dialogue on a host of financial issues to identify areas of convergence to step up their cooperation in the international and bilateral economic spheres. The talks between the delegations headed by India’s Finance Secretary Ashok Chawla and Chinese Vice Finance Minister Zhu Guangyao were held in […]

    DTC bill tabled in LS; Rs 2L exemption limit proposed

    The UPA  Government at the Center today tabled the much-awaited Direct Taxes Code bill (DTC) in the Lok Sabha which proposed to raise the exemption limit on income tax from the existing  Rs 1.6 lakh to Rs two lakh. The bill, introduced by Finance Minister Pranab Mukherjee, seeks to widen income tax slabs to levy […]