Economy News

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India Seeks French Investment in Infrastructure, Transport and Energy Sectors

India on Tuesday sought investment support from France in infrastructure, transport high technology and energy sectors. Commerce and Industry minister Anand Sharma met his French counterpart Nicole Bricq and reiterated PM Manmohan Singh's plan to boost investor sentiment in these key industries.

Jul 10, 2013

India's $11 Billion Investment in US Helped Create 100,000 Jobs, Says Study

Indian companies have invested a record $11 billion in the US, which in turn generated more than 100,000 jobs, according to a new study.

Jul 7, 2013

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Pranab Mukherjee Approves Food Security Ordinance; Opposition Party Cries Foul

President Pranab Mukherjee on Friday approved the ambitious National Food Security Ordinance, which aims to provide 5 kg of food grains every month to 67 percent of both rural and urban population of the country at highly subsidized prices.

Jul 6, 2013

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India Plans 15% Hike on Import Duty on Sugar

In a bid to minimise sugar imports amid dropping local prices, the Indian government is likely to raise the import duty on sugar to 15 percent from 10 percent.

Jul 5, 2013

Chidambaram Urges State-Run Banks to Cut Lending Rates

Finance Minister P Chidambaram on Wednesday urged state-run banks to lend money at cheaper rates to boost consumer spending, the decline of which led to a decade-long economic slowdown.

Jul 4, 2013

adding-to-the-woes-indian-telecom-industry-witnessed-a-slump-in-subscriber-base-in-april

Telecom Commission Proposes 100% FDI in Telecom

The Indian Telecom Commission on Tuesday has approved the finance ministry's proposal to increase the ceiling on foreign direct investment (FDI) to 100 percent from 74 percent in the telecom sector.

Jul 3, 2013

India, US to Raise Economic Issues, Afghan Talks during John Kerry Visit

US Secretary of State John Kerry is gearing up for a three-day visit to India to lead the 4th India-US strategic dialogue. He will co-chair talks with India's Foreign Minister Salman Khurshid on economical issues ranging from intellectual property protection to the new streak of entrepreneurs in the Asian country.

Jun 20, 2013

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Remember 1991? Is Chidambaram's Anti-Gold Policy Right?

Despite Indian Finance Minister P. Chidambaram's oft-repeated appeal to desist from buying gold, there is hardly any decline in gold sales across the country and the minister should realise that it was sine-qua-non to his budget beset with huge increase in daily taxes that had hit the country's massive middle class.

Jun 14, 2013

Malaysia will be Developed Country by 2020, Says PM Najib

Encouraged by Malaysia's steady and resilient national economy, prime minister Datuk Seri Najib Tun Razak observed that the country will evolve as a developed nation by 2020.

Jun 11, 2013

women-shop-for-instant-noodles-at-a-retail-supermarket-in-mumbai-march-16-2012

Supreme Court Clears FDI in Retail Sector, Says 'Consumer is King'

In what could come as a big relief to the Centre after being dogged by several corruption charges and scams, the Supreme Court on Wednesday cleared the government's proposal to allow 51 percent foreign direct investment (FDI) in the multi-brand retail sector.

May 2, 2013

Financial Bill: Union Budget 2013-14 Approved in Rajya Sabha without Debate

With the house set for a month-long break from Saturday, the Rajya Sabha (Upper House of Parliament) approved Finance Minister P.Chidambaram's Union Budget 2013-14 without debate on Thursday.

Mar 21, 2013

Delhi, Mumbai, Hyderabad Airports Among World's Best [PHOTOS, Complete List]

The Airport Council International (ACI), a non-profit organization of the world's airport, on Tuesday revealed the list of winners of its annual Airport Service Quality (ASQ) Awards for 2012.

Mar 17, 2013

Union Budget 2013-14: Entrepreneurs Vs Lawmakers

Finance Minister Chidambaram's Union Budget 2013-14, which was presented in Parliament on Thursday, evoked both praises and scorns with Indian entrepreneurs expressing their satisfaction while the lawmakers are far from appreciative. Most corporate heads from India have described Chidambaram's Union Budget as a balanced one but politicians have slammed it.

Mar 1, 2013

Union Budget 2013 Money Matters: Prices of Goods Expected to Rise

The Union Budget 2013-14 presented by Finance Minister P. Chidambaram on Thursday evoked mixed reactions from the public. Some described it as a balanced one while the others, particularly from the high-income group, were disappointed with the additional tax on luxury goods.

Mar 1, 2013