Singapore, Australia trips dearer by 10-15% |
- Singapore, Australia trips dearer by 10-15%
- Diesel, LPG hike must: PM's adviser
- Govt sets up body to promote manufacturing
- Funds dry up for highway projects
- Trade policy may have sops for SEZs
- Oil cos dismiss 'false impression' of huge profits
- Not all gloom and doom for Indian economy: Survey
- South Sudan inflation soars to nearly 80% in May
- FIIs sellout in equities continues in May
- Govt for Rs 50k cr pvt investment in airport projects
- Govt to remove multi-level TDS on software from July
- 3 Sensex firms lose Rs 14,045 cr in m-cap
- Sharp fall expected in industrial growth
| Singapore, Australia trips dearer by 10-15% Posted: 03 Jun 2012 04:33 PM PDT The depreciation of the rupee has put the Indian traveller at a disadvantage. Apart from the US dollar, the rupee has fallen against the currencies of many other countries like Singapore, Australia, Canada and even Dubai. 
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| Diesel, LPG hike must: PM's adviser Posted: 03 Jun 2012 04:21 PM PDT The Indian economy faces "a critical situation" and the government must raise the prices of diesel and cooking gas and move forward on economic reforms to revive growth, chairman of the Prime Minister's Economic Advisory Council C Rangarajan has said. 
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| Govt sets up body to promote manufacturing Posted: 03 Jun 2012 11:47 AM PDT The government has set up a manufacturing industry promotion board (MIPB) in a move aimed at implementing the National Manufacturing Policy, which is expected to raise the share of manufacturing significantly. 
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| Funds dry up for highway projects Posted: 03 Jun 2012 11:44 AM PDT Poor economic conditions and volatile markets are now taking a toll on the highway sector, which had so far been an outlier in an economy where activity had slowed down considerably over the last couple of years. 
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| Trade policy may have sops for SEZs Posted: 03 Jun 2012 11:38 AM PDT Commerce and industry minister Anand Sharma is planning not to confine himself to announcing merely sops for labour-intensive sectors such as textiles and gems & jewellery in the Foreign Trade Policy but use the annual event to revive special economic zones and boost investment at a time when companies are holding back on capacity creation. 
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| Oil cos dismiss 'false impression' of huge profits Posted: 03 Jun 2012 07:48 AM PDT Dismissing "false impression" of having made huge profits, Chief Executives of the three state-owned oil firms today said a combined bailout package totalling a whopping Rs 1,38,500 crore had helped them report nominal profits in 2011-12 fiscal. 
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| Not all gloom and doom for Indian economy: Survey Posted: 03 Jun 2012 07:43 AM PDT The Indian economy may be facing tough and challenging times, but it is not all gloom and doom as the situation is likely to improve in the next six months, a Bizcon Survey done by Assocham has said. ptiIndi 
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| South Sudan inflation soars to nearly 80% in May Posted: 03 Jun 2012 07:37 AM PDT Annual inflation in South Sudan shot up to nearly 80 percent in May, official data showed on Sunday, highlighting the grave economic challenges the world's newest nation is facing less than a year after gaining independence. 
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| FIIs sellout in equities continues in May Posted: 03 Jun 2012 06:53 AM PDT Overseas investors, for the second straight month, in May pulled out funds of Rs 347 crore from the equity markets amid concerns over domestic economic growth and depreciating rupee. 
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| Govt for Rs 50k cr pvt investment in airport projects Posted: 02 Jun 2012 10:48 PM PDT Buoyed by the Rs 30,000 crore private sector investment in airport projects during 2007-12, the government plans to attract Rs 50,000 crore more in the 12th Plan from private and foreign sources to push some big ticket projects this year itself. 
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| Govt to remove multi-level TDS on software from July Posted: 02 Jun 2012 10:46 PM PDT In a major benefit to the software sector, the government has decided to do away with complex multi-level system of Tax Deduction at Source (TDS) with effect from July 1. 
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| 3 Sensex firms lose Rs 14,045 cr in m-cap Posted: 02 Jun 2012 10:03 PM PDT The combined market capitalisation (m-cap) of three of the top 10 Sensex companies declined by Rs 14,045 crore in the week gone by, with energy major ONGC alone taking a hit of Rs 9,240 crore. 
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| Sharp fall expected in industrial growth Posted: 02 Jun 2012 09:15 PM PDT A sharp fall is expected in the growth of industrial sectors such as textile machinery, cement and fertiliser in the April-June quarter owing to the rupee's depreciation, high inflation and fiscal deficit, a study said on Sunday. 
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