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Rupee crashes below 56 level to new low against US dollar
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Continuing free-fall for the sixthday in a row, rupee today crashed below the psychological level of 56 against US dollar to yet another all time low on heavy demand for the American currency
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South Africa invites Indian investments
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Richard Zurba, director of Zurcom International (Pty) Ltd and managing director of Council of Great Lake Governors, South Africa, made out a case for doing business with South Africa
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Sugar turns sour on slack demand
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Sugar prices extended their loss further by Rs 5-10 a quintal in the Vashi wholesale physical market on Wednesday.
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Economy resilient enough to overcome challenges: Pranab
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On the day the rupee crashed below the psychological level of Rs 56 against the dollar, the Finance Minister, Mr Pranab Mukherjee,
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Experts to discuss farm growth prospects in 12th Plan at IMC
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The Economic Research and Training Foundation of Indian Merchants' Chamber (IMC-ERTF) has organised a panel discussion on ‘What should India do to achieve 4 per cent per annum agricultural growth rate in the 12th Five-Year Plan'.
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Falling rupee a serious concern: Commerce minister
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The rupee's continued slide against the dollar is "a serious concern", Commerce Minister Anand Sharma said Wednesday.
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Fiscal Deficit to be reduced to 5.1pc of GDP: Govt
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Fiscal Deficit during 2011-12 (Revised Estimates) was Rs.5,21,980 crore which is 5.9 per cent of Gross domestic product (GDP).
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PM stresses fiscal responsibility
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Cautioning the government in the wake of global financial crisis, Prime Minister Manmohan Singh Tuesday said both the central and state government have to be fiscally responsible.
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Nine percent economic Growth of Odisha is not real says Economist Pravat Pattnayak
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Noted Economist Shri Pravat Pattanayak Eye marked that- why not Odisha urges 90% Royalty from Centre? Odisha is not poor. The people of Odisha are poor.
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UPA’s economic reforms anti-poor, says Mamata
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Chief minister, Miss Mamata Banerjee, often blamed for stalling the economic reforms initiated by the UPA, has taken on its propagators saying these measures were essentially anti-poor.
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Small investors should not directly trade in equities: SEBI
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Small investors should not start trading directly in stock market as they don't have adequate resources to take informed decision, chairman of the Securities and Exchange Board of India (SEBI) U.K. Sinha said Saturday.
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Tripura govt accused of collecting illegal interest
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The Tripura government has been accused of illegally accumulating interest by depositing Central funds in treasury bill accounts at Reserve Bank of India.
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Capital Goods sector may get Rs 2,360-cr under 12th Plan: Patel
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The capital goods sector may be allocated Rs 2,360 crore under the 12th Five Year Plan. This is part of a scheme to provide technical support and to develop manufacturing expertise through modern industrial parks.
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Sensex falls, rupee slumps: Is India growth story intact?
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Stocks and the rupee wilted as investors scrambled for safe havens, fearing a financial catastrophe if Greece exited the euro zone and amid few signs of the Indian government acting in a purposeful manner to fix the nation's deteriorating finances.
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Rupee in uncharted territory: Dealers
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On Wednesday, RBI lost a crucial battle to keep the rupee within earlier support levels as the domestic currency lost 70 paise from Tuesday's close.
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India's CFOs troubled most about exchange rate volatility: Survey
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Exposure to volatility in foreign exchange rates is the biggest threat to the growth prospects of companies, say a sizeable section of senior finance executives in India.
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Mukherjee hints at austerity as rupee dips to record low
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The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a record low of 54.50 against the dollar
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Slowdown a concern, but India's growth story intact: Pranab
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Blaming the eurozone crisis for the economic slowdown and the sharp drop in the stock markets, Finance Minister Pranab Mukherjee Wednesday said India's growth story
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'Economic freedom a must for women'
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The Chief Minister, Mr Oommen Chandy, has said that women should be allowed to achieve financial and economic freedom.
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Shortfall in subsidy compensation hits power utility
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The power utility in Tamil Nadu must accurately assess the subsidy on agricultural service connections and improve its infrastructure to stem its losses, according to the Comptroller and Auditor General of India.
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Moody's allows ICRA to expand in Asia
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Moody"s has allowed its Indian affiliate ICRA to enter domestic credit and corporate instruments rating business in all Asian countries except four.
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Now, economic offences wing will investigate town planning violations
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The economic offences wing of the police will now investigate violations under the Maharashtra Regional Town Planning Act, including illegal construction.
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Pranab hints at debt relief for three states, not just Bengal
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The finance minister today also said that a group of officers had been constituted to look at possible ways to help states that have high debt levels.
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Rupee fall due to global factors, no need to panic: Finance Ministry
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As the rupee hit its record low level of Rs 54.46 against the dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when there is certainty in eurozone recovery.
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Food prices double in UPA’s term
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If inflation has broken the back of the aam aadmi, the biggest contributor to the pain in the UPA's term is food prices.
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