Economy News - Page 14

SC defers decision on Karnataka mining ban to 20 April

In 2011, the court banned iron ore mining in three districts of the state citing environmental concerns and asked a government body to carry out an environmental impact assessment.

RBI considering relaxing curbs on forex trading: Dy Guv

The RBI may gradually relax curbs on intra-day trading limits in foreign exchange with an aim to facilitate "genuine" hedging requirements.

Iran's oil prod to fall 5 lakh barrels a day by year-end

The country's oil output decline began to accelerate during the last quarter of 2011.

Govt to invest $30 bn to develop airports in next 10 years

Buoyed by the success of implementation of PPP model in airport development, the government plans to invest $30 billion in next 10 years with more existing airports being opened up for modernisation, a top official said today.

Govt asks 453 babus to undergo mid-career training

If the IAS officers fail the training test, they will be deprived of all career benefits.

Crisil launches alternative measure of core inflation

Inflation which remained high during most of 2010 and 2011 has started showing signs of moderation in the recent months.

Pak in talks to import petroleum products, power from India

While Pakistan had last year allowed import of diesel from India, petrol still continues on its negative list.

India,Qatar to boost cooperation in oil & gas sector

A pact to enhance cooperation in the key sector of oil and gas exploration is among the six agreements inked today between India and Qatar.

Goa will monitor petrol pumps on border to curb smuggling

BJP-led government in its recent budget had exempted value added tax on the petrol, slashing its prices by almost Rs 11 making it cheapest in the country.

Pranab hopes Zardari's visit will improve bilateral trade

Union Finance Minister Pranab Mukherjee today said the visit of Pakistan President Asif Ali Zardari to India would improve bilateral trade and relationship.

Small businessmen suffer due to Zardari's visit to Ajmer

Always abuzz with domestic and foreign devotees, the streets of Ajmer will wear a deserted look as all the shops will remain closed between 12 pm and 5 pm as a security measure.

Japan and China may increase IMF contributions

Japan will hold high-level talks with China over contributions to the International Monetary Fund to help ease the eurozone debt crisis.

Ethiopia seals double taxation avoidance deal with India

The Double Taxation Agreements (DTAs) are expected to come into force once they are approved by parliament which could take up to three weeks.

Bilateral trade between India-Czech to touch $3 billion by 2015

'One-third of the total bilateral trade between India and the Czech Republic is contributed by automotive sectors.'

Pranab among top 5 global forces dealing with Transfer Pricing

Finance Minister Pranab Mukherjee has been ranked fifth in the list of top forces that effectively deal with transfer pricing, prepared by UK-based newsletter TPWeek.

Oil above $123 on Iran supply disruption concerns

Oil had fallen by more than $3 over the last two sessions due to the drop in the global stock market, a sharp increase in US oil inventories and fading expectations for more monetary stimulus from the US

Now, a new protocol to help Indians workers in UAE

The new system will ensure transparency of the contracting process by mandating that the prospective worker be duly informed by Indian government-accredited recruitment agencies of the terms of the contract.

Trai to give recommendations on spectrum auction by April 15

The recommendations are expected to give guidance on key issues including base price of spectrum, amount of spectrum that should be allocated to a bidder and eligible participants.

Govt monitoring NPA recovery efforts

Banks' bad loans stood at Rs 94,084 crore in 2010-11, Rs 81,813 crore in 2009-10 and Rs 68,220 crore in 2008-09.

Morgan Stanley upgrades Maruti Suzuki

Shares of India's largest carmaker Maruti Suzuki rose as much as 2.1 percent, after Morgan Stanley upgraded the stock to overweight from equal-weight and raised its target price to Rs 1,599 from Rs 1,181.

NHAI scam: Nitish demands probe in World Bank allegations

World Bank report has highlighted corruption and fraud in national highway projects funded by the bank.

India to hold roadshows for Gulf QFIs

Earlier on 1 January 2012, the government had allowed QFIs to directly invest in the Indian equity market.

NABARD's financial aid to K'taka touches all-time high of Rs 6,053 crore

The financial support to banks, NGOs and the state government in Karnataka by NABARD touched an all-time high of Rs 6,053 crore last fiscal, a rise of about 40 percent from 2010-11.

Dues from Karnataka electricity consumers more than Rs 6k cr

Further, an amount of Rs 217.61 crore was due from permanently disconnected installations.

FM-RBI Guv meet: Macro-economic situation on the agenda

<br /><br /> "Today's meeting was a routine administrative one. Next week I will come back and brief the Finance Minister about the macro economic policy before the monetary review on April 17," the RBI Governor told reporters.

India's tax plan may damage investment climate: UK finance minister

India's proposals to allow authorities to retrospectively tax overseas deals are a concern, British Finance Minister George Osborne said today.

China's industrial output at 11-month high beats analyst forecasts

The National Bureau of Statistics said on Sunday China's official PMI jumped to an 11-month high of 53.1 in March from 51 in February, comfortably beating analyst forecasts of 50.5.

Spain unveils $36 bn austerity package to tackle debt crisis

The blueprint will go to Parliament on Tuesday and is expected to be formally passed in June.

Will Iran hamper Indo-US relations?

The difference between US and Indian interests on Iran "is likely to dog the relationship" and enter into bilateral and multilateral dealings.

'Not protectionism, higher FDI will develop defence industry'

"Protectionism is not to the benefit of the Indian defence sector. You don't realise the benefits of the multiplier effect. Development will be faster if higher FDI is permitted," a leading European helicopter manufacturer said on Friday.