Economy News - Page 26

US nuclear regulatory commission to visit India

In a bid to share experience on safety standards and regulation for the safe operation of nuclear power plants, a US Nuclear Regulatory Commission team will visit India from 14-18 November.

Partial roll back in fuel prices possible, says Congress source

State-run fuel retailers raised petrol prices on Thursday to cut the impact of high global oil prices on their bottomlines

Freeing diesel prices will cool down inflation: Basu

Chief Economic Advisor Kaushik Basu today pitched for freeing of diesel prices and said it would eventually cool down inflation, which should ideally be below 5 percent.

Petrol price hike to have some impact on inflation: Pranab

Finance Minister Pranab Mukherjee today said the recent hike in petrol prices will have some impact on inflation, which is currently hovering close to the double-digit mark.

All G20 nations should share tax, banking data: R Gopalan

Stressing that the era of banking secrecy laws was over, Department of Economic Affairs Secretary R Gopalan said it was vital to build a consensus on sharing of past banking data as it would help in investigation of earlier cases of tax evasion.

OilMin seeks Rs 28,000 cr cash subsidy for H1

Oil marketing companies have reported an under-recovery (revenue loss) of Rs 21,374 crore in the July-September quarter

HDFC fund to invest Rs 200 cr in Delhi realty ATS Infra

The investments from HDFC would be for the developer's Gurgaon project near the national capital.

Public sector oil cos pushing for Rs 1.82/litre petrol hike

State-owned oil companies are pressing for a Rs 1.82 per litre increase in petrol prices because of rupee depreciation and hardening of crude oil prices.

I-T Dept sends notices to persons involved in black money cases

The Income Tax Department has started sending notices to persons involved in black money cases on the basis of information received from abroad.

Singh to attend G20 Summit, leaves for Cannes tomorrow

Prime Minister Manmohan Singh heads for Cannes in France Wednesday to attend a crucial summit of the world's 20 leading economies(G20) during which India is expected to make a call to resist trade protectionism when the global economic growth is facing a slowdown.

Rupee down 46 paise Vs US dollar

Rupee was down by 46 paise at Rs 49.15 per US dollar in early trade today on fresh demand for the American currency from banks and importers on the back of a strong dollar in overseas markets.

IMF to publish analysis on imbalances, currencies

The International Monetary Fund said on Monday it will begin publishing regular analyses of global economic imbalances and exchange rates as part of a growing role, a move that could draw it deeper into difficult international disputes.

Britain's economy on brink of recession?

Britain's economy has probably picked up over the summer, though any third quarter growth will not change a picture of an economy teetering on the brink of recession as crucial growth drivers such as manufacturing are stalling.

RBI raises cap on housing loan for UCB's to Rs 30 lakh

The central bank bank also raised repayment period for such loans to 20 years.

FDI cap in single brand retail may be raised: Sharma

India is "seriously considering" to raise 51 percent foreign direct investment (FDI) cap in single brand retail, Commerce and Industry Minister Anand Sharma today informed a business delegation from Italy.

Draft Food Bill to reach Cabinet before Nov 20

The proposed Bill aims to provide the right to subsidised food grains to nearly 70 percent of the population.<br /><br />

Supply factors driving inflation, says Pranab

He added that inflation will start easing soon as the government's efforts to remove supply-side bottlenecks have started yielding results.

India still has highest consumer confidence in the world

The Nielsen company has said Indian consumer confidence remains high although Global consumer confidence is weak in the third quarter

Bank error in your favour: Germany 55bln euros richer than it thought

An accountancy error has revealed that Germany is 55 billion Euros richer than it had originally thought

SBI may raise saving deposit rate by up to 125 basis points

Speaking to exclusively to CNBC-TV18, Pratip Chaudhuri said the bank is prepared for a slightly higher cost of funds but added that they will not be the first movers in terms of hiking savings bank rate.

Now, a Delhi-Kathmandu return flight for Rs 5,000

Indigo will offer daily flight services between the two cities at a return fare of Rs 4,999 or (NPR Rs 8,063) (all inclusive).

FinMin seeks views of IBA on variable pay in banks by Nov-end

Khandelwal panel had recommended that banks should consider variable pay as a major component of wages. Besides, the letter has also asked IBA's view on the common pool creation for the post of Executive Directors (EDs) and CMDs.

FDI inflows up 50% between January and August

Despite the uncertain economic environment globally, FDI in India surged 50 percent to $20.76 billion from January-August, according to the industry ministry's latest data.

Euro lags, global stocks advance to best week in 2 years

Global stocks advanced today, bolstered by EU leaders' efforts to contain the euro zone debt crisis.

The rupee soars to 48.83 against the dollar

The dollar faced heavy losses in Asia, having seen its biggest decline in more than two years against a basket of major currencies

European debt deal ignites rally in stocks, euro

The dollar took its biggest beating against a broad range of currencies in 2-1/2 years and investors spurned safe-haven US government debt.

Smart ID for Aadhaar enrollment from November

Authorised Unique Identity (Aadhaar) enrollment agency Smart ID plans to start enrolling people in the NCR region by visiting them in their localities on mobile vans under its project 'Aadhaar on Wheels'.

Govt approves raising India's IMF quota to 2.75 percent

The government approved a proposal to increase the country's contribution to IMF, which would make it the 8th largest shareholder in the Washington based multilateral agency.

Now, celebrate Diwali with a gold vending machine

Gitanjali Export Corporation said it has launched a gold coins and medallions vending machine to cash in on robust investment demand that is rivalling the thirst for jewellery in India.

Home, auto loans to become costlier

Retail and corporate credit, including home and auto loans, are set to become costlier after the Reserve Bank's latest increase in the key rate, bankers said today.