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Budget 2015: CII seeks cut in Minimum Alternate Tax to 10%
Business

Budget 2015: CII seeks cut in Minimum Alternate Tax to 10%

CII sought a reduction in Minimum Alternate Tax (MAT) on special economic zones at 10 percent in the upcoming Budget to boost investments.

RBI may include export finance under priority sector lending, but with riders
Business

RBI may include export finance under priority sector lending, but with riders

The RBI plans to include export finance under priority sector lending category, with certain riders, Deputy Governor HR Khan said here today.

April-September gold seizure rises four-fold to Rs 632 cr
Money

April-September gold seizure rises four-fold to Rs 632 cr

There has been almost four-fold increase in seizures of smuggled gold during April-September this year compared to the same period a year ago, government said today.

Ruble strengthens after fall as Russian govt pressures exporters
Economy

Ruble strengthens after fall as Russian govt pressures exporters

Russia's ruble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings

November trade deficit rises 26%, hits 18-month high
Economy

November trade deficit rises 26%, hits 18-month high

November trade deficit came in at $16.86 billion, 26 percent higher on a month-on-month (MoM) basis. <br /> November exports stood at $25.96 billion and imports came in at $42.82 billion.

Fall in oil prices will help keep current account deficit in check, say analyst
Economy

Fall in oil prices will help keep current account deficit in check, say analyst

Analysts have allayed fears of widening current account deficit, which is 2.1 percent of GDP for the July-September period, and pegged it in the range of 1.4 to 1.8 percent for the full 2014-15 fiscal due to falling crude oil prices.

Q2 current account deficit surges on rise in gold imports
Economy

Q2 current account deficit surges on rise in gold imports

The CAD widened to $10.1 billion or 2.1 percent of GDP for the September quarter as against 1.2 percent in the year-ago <br />

Amway wants to make India regional export hub for Middle East, South Asia
Corporate

Amway wants to make India regional export hub for Middle East, South Asia

The company also said there is an urgent need for detailed regulations to distinguish genuine direct sellers from sham players and to give a sense of legitimacy to the industry.<br />

Ranbaxy's woes worsen: Germany bars drugs made in Dewas plant
Corporate

Ranbaxy's woes worsen: Germany bars drugs made in Dewas plant

Germany's regulator issued a non-compliance report for the Dewas facility where Ranbaxy manufactures cephalosporin antibiotics.

Good news: EU likely to lift ban on import of Indian Alphonso mangoes
Economy

Good news: EU likely to lift ban on import of Indian Alphonso mangoes

The EU is likely to lift the ban on import of mangoes and other vegetables from India this month, according to a senior government official.<br />

Pakistan: US donates equipment to monitor trade of chemicals
World

Pakistan: US donates equipment to monitor trade of chemicals

The US Homeland Security Investigations office (HSI) has donated equipment as aid to Pakistan Customs in order to monitor the import and export of chemicals used both legally and illegally, media reported on Thursday.

Export more, import less and use gold lying temples, homes: WGC's advice to India
Economy

Export more, import less and use gold lying temples, homes: WGC's advice to India

WGC said that the country should meet 40% of gold demand from its domestic stocks and the rest 60% through imports and mining.<br />

Fiscal deficit hits 75% of target: Mr. Jaitley, don't just ride on luck
Economy

Fiscal deficit hits 75% of target: Mr. Jaitley, don't just ride on luck

Not only must the fiscal deficit be brought down on a sustained basis, the quality of even this reduced deficit has to be improved

General Motors begins exports from India, send first shipment to Chile
Corporate

General Motors begins exports from India, send first shipment to Chile

The first 140 left-hand-drive Beats were shipped from the Mumbai Port on 25 September and it is expected to reach Chile in the next few weeks.

China increasingly exporting tools of torture to African countries: Group
World

China increasingly exporting tools of torture to African countries: Group

Dozens of Chinese firms are producing and exporting "tools of torture", from electric stun guns to metal spiked batons, to countries with bad human rights records, rights group Amnesty International said on Tuesday.

India's rice output, exports to rise on monsoon revival
Economy

India's rice output, exports to rise on monsoon revival

Robust exports from India could keep a lid on global prices that have surged 12 percent in the past three months and help cut bulging government stockpiles built as a result of bumper harvests over the past several years.<br />

India's export growth at 5-month low in August due to slowdown in Europe
Economy

India's export growth at 5-month low in August due to slowdown in Europe

Trade deficit during the period (April-August) stood at $56.15 billion down from $70.6 billion during the same period last year.<br />