Gold rebounded from a six-month low on Monday as bargain hunters resurfaced and jewellers in China returned to the physical market after the Lunar New Year holiday, but a firm US dollar was likely to limit the upside.
Mukherjee said that policy makers should address the issue of environmental pressures to achieve sustainability in face of increased demand for resources.
The government needs to do a lot to create new jobs, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today adding the NSSO data does not necessarily reveal "what exactly is happening".
Facing acute losses, the Metro Rail in Kolkata has sought a hike in passenger fares to reach a "no- profit-no-loss" situation.
The Palanpur-Samakhiali line doubling project is expected to cater to immense potential of bulk traffic from port as well as from Kutch region.
The over seven-week Session will have a month-long break from 22 March to 22 April and will conclude on 10 May.
Onion production is expected to be close to last year's level of 174 lakh tonnes even as total area under the crop is down by 10 percent this year.
The rupee's close below 53.34 support exposes 53.06, 61.8 percent of Oct-Nov rally.<br /><br />
The real problem, he said, is to get the stalled projects off the ground, raise the savings ratio and encourage corporates, those who are sitting on piles of cash, to move ahead with investment projects.
A day after resolving the contentious CST issue, state finance ministers today formed three sub-committees to look into other matters like IT infrastructure for smooth roll-out of the Goods and Service Tax regime.
Coming down heavily on tax defaulters, financial intelligence agencies have detected tax and duty evasion of over Rs 2,600 crore in the last quarter ended December.
India has about 55 crore young people below the age of 25 years and every year about two crore young people come out for jobs, he said, adding that new jobs have to come from young entrepreneurs.
The government is likely to consider a proposal tomorrow that seeks to expand the scope of National Investment Fund (NIF) to recapitalise public sector banks and insurance companies.
Despite remarkable progress toward developing a stable financial system, India's financial sector still confronts longstanding impediments to its ability to support growth as well as new challenges to stability, according to a new IMF report.
Fitch ratings warning on India's slowing economic growth and the possibility of a rating downgrade in the next one year sent the rupee lower today
The government is likely to raise the levy price of sugar-the rate at which it buys the sweetener from mills to sell through ration shops -by over Rs 2 to about Rs 22 per kg for the current year.
Apart from setting up cold storage facilities, the Centre has also planned to set up food parks at 30 places, an official said.
The 14-km long metro corridor project connecting Howrah with Salt Lake is to be executed at an estimated cost of Rs 4,874 crore.
Principal Secretary (Tourism) Vipul Mitra said the state has evolved as a tourist destination centre in the last five to six years and insisted that it has got a lot to offer to the tourism industry as a whole.
Money will be transfered to beneficiaries of Direct Cash Transfer scheme only when they provide Aadhar card and bank account number by the cut-off date in 30-35 districts which are expected to be ready for the roll out on 1 January.
Parliament will be watched with the banking act amendment bill, a key financial bill, likely to come up for passage.
Over the past three months, the Reserve Bank has reduced the cash reserve ratio -- the portion of deposits banks are required to keep with RBI-- by 50 basis points or 0.50 percentage points to 8 percent.
The rupee rose for a fifth session in six on Wednesday as investors remained hopeful for a parliamentary approval to foreign direct investment in the multi-brand retail sector which will be put to vote in the lower house later in the day.
The 13th Finance Commission was headed by former finance secretary Vijay Kelkar.
Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at.
By defying public pressure to cut rates, Subbarao has dismissed speculation that he might bend to Chidambaram will even though he had handed him the RBI governorship during a previous stint as finance minister.
The government has, since June 2012, released about 3 million tonnes of wheat to bulk consumers.
The National Committee on Cash Transfers will review the progress of implementation of direct cash transfers and provide guidance for mid-course corrections.
India will not be able to raise the standards of efficiency in administration unless corruption in high places is not destroyed.