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Maharashtra tops in fiscal management amid high-income states: Study

Jul 30, 2014 at 14:27 | Source: Assocham

Gujarat, Maharashtra and Haryana have recorded highest trend growth rate in terms of per capita income (PCI) during 2004-2013 amid high income states, revealed a just-concluded ASSOCHAM study. These three states amid high-income states have taken a ...

Big outlays, little spending: Why India should have two finance ministers

Jul 30, 2014 at 07:16 | Source: FirstPost

When Narendra Modi makes his first major speech to the nation as Prime Minister on 15 August from the ramparts of the Red Fort he wants to be able to say he has already begun delivering on this campaign promises. Among other things, he wants all mini...

Gaza conflict to dent, not break Israel economy

Jul 30, 2014 at 00:31 | Source: FirstPost

JERUSALEM (Reuters) - Israel's war against Palestinian militants in the Gaza Strip is expected to cost it billions of dollars, temporarily hurt economic growth and put pressure on the government's finances.Analysts and officials compare the current o...

Israel strikes Hamas controlled areas in Gaza killing at least 100 people

Jul 29, 2014 at 20:43 | Source: FirstPost

Gaza City, Gaza Strip: Israel escalated its military campaign against Hamas on Tuesday, striking symbols of the militant group's control in Gaza and firing tank shells that Palestinian officials said shut down the strip's only power plant in the heav...

Big outlays, little spending: The case for having two finance ministers

Jul 29, 2014 at 18:16 | Source: FirstPost

When Narendra Modi makes his first major speech to the nation as Prime Minister on 15 August from the ramparts of the Red Fort he wants to be able to say he has already begun delivering on this campaign promises. Among other things, he wants all mini...

In Ukraine's east, Soviet-style economy withers under onslaught

Jul 29, 2014 at 09:00 | Source: FirstPost

Donetsk/Kiev: After pro-Russian rebels took 720 kg of explosives, 360 detonators and almost 1 km of wiring, the Skochinskiy coal mine, an ageing stalwart of the economy in Ukraine's Donbass region, was put out of action.Fierce fighting and rebel requ...

Gujarat acquires lion�s share in new investments attracted by power sector: Study

Jul 29, 2014 at 03:27 | Source: Assocham

Gujarat has least share in power projects that remained non-starter Gujarat is ranked on top acquiring highest share of over 17 per cent in the new investments attracted by the power sector during the course of financial year (FY) 2004-05 and FY 201...

Court orders Russia to pay $50bn to Yukos shareholders

Jul 28, 2014 at 19:42 | Source: BBC

A court in the Hague has awarded shareholders in the defunct Russian oil company Yukos the largest compensation package to date. The Court of Arbitration said Russia should pay $50bn (£29.5bn) in damages. It said Russian officials, under President P...

Russia frees Khodorkovsky ex-partner Lebedev

Jul 28, 2014 at 19:42 | Source: BBC

Platon Lebedev, the ex-business partner of Mikhail Khodorkovsky, has been released after spending 10 years in jail in Russia, officials say. Lebedev was due for release in May, but the Supreme Court on Thursday reduced his sentence. Lebedev and Khodo...

No undue favour extended to any industry: Gujarat govt

Jul 28, 2014 at 09:17 | Source: FirstPost

New Delhi: Rejecting CAG's report which speaks of "undue favour and benefit" extended by the Gujarat government to Reliance and Esaar, the state government has claimed that no favour was given to any industry."No favours were made to a...

Soviet era industries wither due to clashes in Ukraine's east

Jul 28, 2014 at 07:20 | Source: FirstPost

Donetsk/Kiev: After pro-Russian rebels took 720 kg of explosives, 360 detonators and almost 1 km of wiring, the Skochinskiy coal mine, an ageing stalwart of the economy in Ukraine's Donbass region, was put out of action.Fierce fighting and rebel requ...

Double delight

Jul 28, 2014 at 03:42 | Source: Calcutta Telegraph News

The economy is looking to get back on track and any long-term investor should give a serious thought to investing in equities. Unit-linked insurance plans (Ulips) are one of the investment vehicles that offer a convenient way to participate in the e...

Jaitley heralds shift to low-tax economy: He is breaking free from UPA mindset

Jul 26, 2014 at 11:46 | Source: FirstPost

Finance Minister Arun Jaitley is looking more and more like just the right man for the job. Despite presenting a budget that one critic labelled as essentially P Chidambaram's document but "with saffron lipstick", Jaitley has now begun diff...

No retro tax on debt schemes: MFs say relief only partial, will not help industry

Jul 26, 2014 at 11:12 | Source: FirstPost

New Delhi - Mutual fund industry has termed as 'partial relief' the government's decision to exempt debt mutual funds sold between April 1 and July 10 this year from an increased tax rate.Earlier this month, the Union budget had proposed doubling of ...

Eveready strives to be free of debt

Jul 26, 2014 at 04:02 | Source: Calcutta Telegraph News

Calcutta, July 25: Eveready Industries India Ltd plans to be debt-free by 2016-17. The company had closed 2013-14 with a debt of Rs 225.05 crore and hopes to repay around Rs 60 crore in this fiscal. Managing director Amritanshu Khaitan said operatio...

FM widens tax dispute panel scope

Jul 26, 2014 at 04:02 | Source: Calcutta Telegraph News

New Delhi, July 25: Finance minister Arun Jaitley today expanded the scope of the Tax Settlement Commission to cases where proceedings have already been initiated. He also said that in order to provide relief to tax payers filing returns late, the C...

Bad loans take a toll on AllBank net

Jul 26, 2014 at 04:02 | Source: Calcutta Telegraph News

Calcutta, July 25: Public sector Allahabad Bank has reported a 72.71 per cent dip in net profit at Rs 112.7 crore in the first quarter ended June. Net profit stood at Rs 413.09 crore in the same period a year ago. The city-based lender’s botto...

Marginal rise in Uco profit

Jul 26, 2014 at 04:02 | Source: Calcutta Telegraph News

Calcutta, July 25: Public sector Uco Bank has registered a 2 per cent increase in net profit at Rs 521.40 crore for the first quarter ended June, following a drop in provisions on account of bad loans. Net profit stood at Rs 511.11 crore in the same...

Tiny city of Caribou, Maine, faces secessionist movement

Jul 26, 2014 at 03:45 | Source: FirstPost

CARIBOU Maine (Reuters) - The city of Caribou, Maine, is home to less than 8,000 people, dozens of potato farms and, to the consternation of a small but vocal group of citizens, an airport, a recreation center and groomed snowmobile trails.Citing tho...

Telecom equipment imports up at Rs 74,116 cr

Jul 25, 2014 at 20:30 | Source: FirstPost

New Delhi: Import of telecom equipment surged to Rs 74,116.21 crore in 2013-14, up 20 percent year- on-year, Telecom Minister Ravi Shankar Prasad said today.The minister shared data in a written reply to a question by Rajya Sabha MP Jaya Bachchan on ...

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