Africa

PM to Justify Economic Reforms on Friday; Brings FDI to Reality

A day after the NDA and other opposition parties observed a nationwide protest against fuel price hike and FDI in multi-brand retail, Prime Minister Manmohan Singh will explain on Friday the government's rationale behind the economic reforms announced last week.

Sep 21, 2012

PM Breaks His Silence, Clarifies Fuel Price Hike and FDI in Retail

Prime Minister Dr. Manmohan Singh addressed the nation on Friday night, explaining why his government has taken some important economic policy decisions that include diesel price hike and Foreign Direct Investment (FDI) in retail sectors. The PM's speech came just a day after the National Democratic Alliance (NDA) and other opposition parties called for "Bharat Bandh".

Sep 22, 2012

Stock Market Crosses 19,000 Points on Reform Hopes

The sentiments among investors seem to have improved drastically following several steps taken by the government to revive the sinking economy, as the stock market touched a 15-month high on Thursday. The Sensex gained one percent to above 19,000 points for the first time since July 8, 2011, on hopes for additional fiscal and economic reforms.

Oct 4, 2012

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

UPA Proposes Second Wave of FDI Reforms to Fight Political Paralysis

The Indian government is set to push for a second round of big-ticket reforms on foreign direct investments (FDI) in the insurance and pension sectors, signalling the UPA's hope for a complete turnaround of the economy amid much opposition from political parties across the country.

Oct 4, 2012

Indian Rupee Breaches 52-Level to Dollar

The rupee on Thursday breached 52 to the dollar, the highest in over five months, on hopes that an array of economic reforms taken up by the central government would boost the economic growth of the country.

Oct 4, 2012

Global Commodity Prices Pose Risk to Growth, Inflation: Chidambaram

Union Finance Minister P Chidambaram on Saturday expressed concerns over the current position of global economy, while underscoring the government reforms to improve the investment climate in the country.

Oct 14, 2012

Supreme Court Asks RBI to Amend Regulations on FDI

The Supreme Court on Monday asked the government to amend the existing rules of the Reserve Bank of India (RBI) on or before November 5 in order to pave way for the implementation of the recent economic policies.

Oct 15, 2012

Kingfisher Airlines’ Licence Suspended by DGCA

An unconvinced Aviation regulator Directorate General of Civil Aviation (DGCA) has suspended licence to fly to Kingfisher Airlines after the debt-ridden airlines failed respond to the main concerns raised by the aviation body, said TV reports.

Oct 20, 2012

Railway Fares Likely to be Hiked, says Pawan Kumar Bansal

Railway minister Pawan Kumar Bansal on Monday hinted a possibility of a hike in passenger fares, saying that the raise was in the interest of passenger safety and other necessities.

Oct 29, 2012

Petrol To Cost Less From Midnight

Petrol prices will be reduced by 1.4 percent from midnight on Thursday as global prices remained less volatile, Indian Oil Corp. has said.

Nov 15, 2012

India Signs MoU With China On Railway Sector; Seeks Bullet Train Technology

India and China on Monday have signed a memorandum of understanding (MoU) on technical cooperation in the railway sector.

Nov 26, 2012

India, Sweden Sign Social Security Agreement To Improve Employment Opportunities

India and Sweden on Monday signed a social security agreement, which would help improve employment opportunities for citizens of both nations.

Nov 27, 2012

Current Account Deficit Might Come Down to 3.5 Percent This Fiscal: Varadarajan

India's current account deficit might come down to 3.5 percent by the end of the fiscal year, said C Rangarajan, Chairman of Prime Minister's Economic Advisory Council.

Nov 29, 2012

Sheila Dixit's Claim of '₹600 per Month to Feed Family of Five' Sparks Controversy

Bharatiya Janata Party (BJP) slammed Delhi Chief Minister Sheila Dixit's claim that ₹600 per month was enough for a family to feed itself saying that Congress was insulting the poor.

Dec 16, 2012

Kingfisher Airlines Shares Gain On Licence Renewal Bid

The shares of debt-laden Kingfisher Airlines gained 2.98 percent on BSE earlier on Friday following the reports of the airline’s application for the renewal of its operating licence to aviation regulatory Directorate General of Civil Aviation (DGCA) on Thursday.

Dec 21, 2012

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