Economy News - Page 4

Aizawl: Despite launch, food scheme implementation to take time

UPA chairperson Sonia Gandhi will officially launch the Food Security Scheme in Mizoram on 20 September, but it would take some more time for its actual implementation, a state minister said here today.

Railway freight earnings up by 8% in Apr-Aug

The railways earned Rs 116.31 crore from 1.50 MT of raw material for steel plants except iron ore, Rs 375.61 crore from 3.69 MT by container service and Rs 398.54 crore from 5.16 MT of other goods. <br /><br />

RBI invites application to fill post of NIBM director

NIBM, which was established by the RBI in 1969 is an autonomous apex institution with the mandate of playing a proactive role of think-tank of the banking system.

India seeks to pay Iran oil bill fully in rupees

Iran had in July agreed to take payments for oil it sells to India entirely in rupees after US and western sanctions blocked all other payment routes.

CCEA may moot 10% export duty on surplus cotton

The textiles ministry said the imposition of export duty on cotton will lead to revenue collection and also improve inclusiveness of textile industry in the economic activity.

Railways freight loadings see over five percent growth

The freight traffic from April-August as compared to the corresponding period last year has witnessed an increase of 20.72 MT, according to data from railway ministry. <br /><br />

India's gas output to double by 2026-27

The report further projected the output to rise to 211 mmscmd in 2026-27 and to 230 mmscmd in 2029-30.

India most optimistic on hiring plans in October-December

The dramatic turnaround in employer confidence was largely due to the recovery made by IT firms and allied companies.

China Aug inflation eases: Is it another sign of stabilising economy?

Muted inflation data on Monday added to a run of August figures suggesting the protracted slowdown in China's economy may be bottoming out, helped by targeted support measures and signs of improved export demand.

China's yuan weakens against US dollar

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day

Direct transfer for LPG to touch 289 districts by January

By January, almost all the state capitals will be covered under the scheme.

Address Kerala's concern over food security: CPM

Under the new food regime, BPL families in the state would get less quantum of food grain, a CPM leader said.

Not just your wallet, financial stress may hit your brain too

People worrying about having enough money to pay their bills tend to lose temporarily the equivalent of 13 IQ points, scientists found when they gave intelligence tests to shoppers at a New Jersey mall and farmers in India.

Telenor India says it has broken even in two more zones

Telenor's Indian unit has achieved breakeven in two more telecommunication zones it operates in, the unit's chief executive Yogesh Malik said on Thursday.

Rangarajan says the rupee correction was expected

Adjustment in rupee, which has fallen by nearly 20 percent since May, was called for as the country has seen high inflation compared with other countries, Prime Minister's economic adviser C Rangarajan said on Tuesday.

GM India to recall 4,000 Sail cars due to engine issue

General Motors Co. said on Tuesday it was recalling 4,000 of its Chevrolet Sail diesel variant cars in India to address a potential engine issue.

Assam ready to help private players for mega projects: minister

Bordoloi said there was a cabinet sub-committee which looked into issues of conversion of land agriculture to industry and tried to strike a balance.

Six CPSEs closed down in five years: Patel

As on 31 March 2012, there were 260 CPSEs in the country employing 13.98 lakh people.

WPI food inflation for rural labourers higher than CPI

WPI inflation increased to a five-month high of 5.79 percent in July, 2013. The rate of price rise was 4.86 percent in June.

Aadhar not mandatory for availing subsidies: Centre

Raising the issue during Zero Hour, MP Achuthan (CPM) said that in Kerala public sector oil companies had made it mandatory for people to get Aadhaar-linked bank accounts for getting subsidy on LPG. <br /><br />

Rs 44,000 cr worth of food goes waste every year: Pawar

Pawar said during Question Hour that the value of annual wastage of fruits and vegetables was estimated at Rs 13,309 crore.

Fertiliser demand for all states fully met: Jena

The supply is made both through indigenous production as well as imports to ensure that there is no shortfall, the minister said.

Govt approves 18 single brand retail FDI proposals in last 2 yrs

The government approved a total of 18 foreign direct investment proposals worth $173 million in the single brand retail sector between April 2010 and May 2013, Parliament was informed today.

As rupee plummets, govt bans duty-free import of TVs by airline passengers

India will ban the duty-free import of flat-screen televisions from 26 August, the government said in a statement on Monday.

Copper production rose to 6.92 LT in 2012-13

Copper production was at 6.64 lakh tonnes copper in 2010-11, the minister said.

Onion prices go north in Delhi at Rs 60 a kilo

Concerned over the rising prices, Delhi government has already started selling onion vegetable at reasonable rates at 350 outlets across the city to provide relief to citizens.

Centre drops plans to build Rs 20K cr UMPP in Chhattisgarh

The coal block allotted for the project falls under the area of dense forests and therefore likely to have an adverse impact on the environment, sources said.

Now, a series on All India Radio to highlight merits of UPA's schemes

In a statement issued here, AIR said that "Priya" is a story of a poor but courageous young women protagonist, who fights against all odds, bringing the village folk together, generating awareness in them in the modern context.