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Lack of Investment, Slow GDP to Affect National Security, Says PM

In his address to the nation on 66th Independence Day from Red Fort in Delhi, Prime Minister Manmohan Singh said that lack of political consensus on many issues is affecting India's economic growth.

Aug 15, 2012

Chidambaram Supports 49 pct FDI in Insurance, Pension Sectors

The Finance Ministry on Wednesday approved a hike in foreign direct investment in insurance and pension sectors to 49 percent, allowing for a push in reforms in India's rigid investment sector despite opposition from left parties and trade unions.

Aug 23, 2012

Petrol May get Costlier by ₹3 as Oil Rates Climb

India may soon brace another petrol price hike, with state-owned oil companies putting pressure on the government for an increase in prices given their mounting losses in the wake of steep rise in international crude oil rates.

Aug 24, 2012

Patent Dispute: Samsung to Challenge Court Verdict; Apple Share Value Spikes

Samsung plans to contend the US court verdict in the high-stake patent case that directed the South Korean electronic giant to pay damages more than $1 billion to the Apple.Inc.

Aug 25, 2012

Expert Panel Proposes Deferment of GAAR till 2016

An advisory panel on General Anti Avoidance Rules (GAAR) set up Prime Minister Manmohan Singh recommended the postponement of the controversial prevention of tax evasion rule to be put off until 2016-17, in a move that will ease foreign investor worries about investing in India.

Sep 2, 2012

No Immediate Fuel Price Hike, says Jaipal Reddy

Oil Minister Jaipal Reddy on Friday confirmed that the government had no immediate plans to hike prices of kerosene, LPG and diesel fuels. However, the proposal to roll out a price hike is still in the pipeline, reports said.

Sep 7, 2012

Fuel Price Hike: Why Diesel, LPG Rates are Likely to Go Up

High diesel subsidies have always been a concern to state-owned oil companies and concerns have now shot up owing to the crippling economic growth, which is incurring record-setting losses to oil suppliers.

Sep 7, 2012

Govt Hikes Diesel Price by ₹5 to Fight Deficit; Allies Demand Rollback

In an unprecedented move to address the widening fiscal deficit in India, the government on Thursday hiked the diesel price by ₹5 per litre, keeping the price of petrol and kerosene unchanged.

Sep 14, 2012

manmohan-singh-led-government-proposes-second-wave-of-fdi-reforms

FDI in Retail, Diesel Hike: PM’s Take on India’s Big Ticket Reforms

The government shows no signs of relenting to the allies and Opposition demands for the withdrawal of policy initiatives on FDI in retail and diesel price hike, with Prime Minister Manmohan Singh saying that the long-delayed reforms were essential for reviving growth and improving the investment climate in India.

Sep 16, 2012

Delhi, Mumbai Among Top 5 World's Cheapest Cities

India's most populous cities Delhi and Mumbai are among the least expensive cities in the world, according to a new survey.

Sep 16, 2012

women-shop-at-a-retail-supermarket-in-mumbai

FDI in Retail is Long Overdue, Game-Changer, Say Experts

Opposition parties and some of the partners of the UPA have tagged the economic policy of letting Foreign Direct Investment (FDI) into Indian markets mainly the retail sector as an anti-farmer and anti-public decision.

Sep 16, 2012

FDI in Retail: Opposition Parties Line up Protests, Bharat Bandh on Sept 20

The big-ticket political reforms by the government have motivated the opposition parties to line up a string of protests in the coming days.

Sep 16, 2012

FDI, Diesel Price Hike: Is UPA Coalition Heading for Breakdown?

With Congress showing no sign of softening its stance on the big-ticket economic reforms, West Bengal Chief Minister Mamata Banerjee is all set to pull out Trinoomial Congress ministers from the UPA cabinet as her deadline ends on Tuesday. However, she would continue to back the Central government from the outside, said reports.

Sep 17, 2012

India's Consumer Price Inflation Accelerates to 10.03% in August

India's annual consumer index climbed to 10.03 percent in August as against 9.86 percent recorded in the month of July, Central Statistics Office said on Tuesday.

Sep 18, 2012

FICCI Against Bharat Bandh, Expresses Need for Economic Reforms

In light of the "Bharat Bandh" on Thursday called by various political parties against the reform policies announced by the Centre last week, the Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the national polity to stand united and strengthen the hands of policy makers to act proactively and decisively to push the country forward.

Sep 20, 2012

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