APN News

  • Saturday, January, 2021| Today's Market | Current Time: 05:03:43
  • ‘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 […]

    US Says Yes To United, Continental Merger

    The US Justice Department on Friday approved a merger between United Airlines and its rival Continental Airlines, a deal that would create the world’s largest carrier. “The department has closed its investigation into the proposed merger of UAL Corporation, the parent of United, and Continental,” the department said in a statement. “The proposed merger would […]

    Parliament approves Bill on FDI regulation

    Parliament has given its seal of approval to an important Bill aimed at strictly regulating Foreign Contributions to individuals and organisations. The contributions include both gifts and funds. The Foreign Contribution (Regulation) Bill also seeks to prohibit acceptance and utilization of foreign contributions or foreign hospitality for any activity detrimental to the national interest. The […]

    ‘Chinese Investment, a Real Threat to US National Security? ‘

    The United States has repeatedly blocked investment from Chinese companies on national security grounds, a protectionist move that will only harm its own interests, analysts say. Eight U.S. congressmen recently asked the Obama administration to scrutinize a deal between Chinese telecom equipment giant Huawei and the American operator Sprint Nextel on national security grounds. It […]

    Fed For Further Steps to Boost Economy

    US Federal Reserve chairman Ben Bernanke said Friday that the Fed is ready to provide additional monetary accommodation if the economic outlook continues to worsen. “The committee is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly,” Bernanke said at the Fed annual […]