Economy

CPI inflation slows to 9.39% in April  

13 May 2013, 11.30 am  |  Source: Reuters

According to governmnet data, India's annual consumer price inflation (CPI) slowed for the second straight month in April to 9.30 percent....

Oil Ministry proposes abolishing gas priority  

12 May 2013, 11.09 pm  |  Source: PTI

Sources said the current KG-D6 production of about 15.3 mmscmd is just sufficient to meet the full requirement of fertiliser sector and some of LPG pl...

Fin Min detects Rs 400cr custom duty, tax evasion  

12 May 2013, 5.29 pm  |  Source: PTI

The Finance Ministry has detected custom duty and service tax evasion of at least Rs 400 crore between January and March this year. ...

GST panel says no to placing mobiles in declared goods list  

12 May 2013, 10.51 am  |  Source: PTI

Mobile phones and tablets are unlikely to find place in the list of declared goods in the goods and service tax (GST) regime....

How UPA will destroy food market and feed the rich  

11 May 2013, 12.47 pm  |  Source: Firstpost.com

The damage to be caused by the Food Security Bill, which seeks to cover 65 percent of the population with super-subsidised grain, is already well unde...

GST not an easy reform; no state has opposed: Sushil Modi   

10 May 2013, 9.59 pm  |  Source: CNBC-TV18

Sushil Modi, head of GST Panel said, no state has opposed GST but there are some issues which has been raised by different states....

Diesel price hiked by 90 paise per litre effective midnight  

10 May 2013, 8.27 pm  |  Source: PTI

On Friday May 10 diesel prices by Rs 1.02 litre. It was the fourth increase in prices this year. ...

IIP rises to 2.5% in March,remains 2 decades' low in FY13  

10 May 2013, 6.51 pm  |  Source: PTI

India's industrial production grew at the fastest rate during the last five months at 2.5 per cent in March but failed to cheer the industry as it rem...

IIP may have bottomed, but no signs of recovery yet: Nomura  

10 May 2013, 3.28 pm  |  Source: Moneycontrol.com

The demand-side break out continued to reflect the fact that the uptick in industrial production growth was not broad based and was largely due to str...

FinMin 'happy' with IIP pick-up, hopes growth will cross 6%  

10 May 2013, 3.04 pm  |  Source: PTI

In the current fiscal, the growth is expected to pick up and as per the Economic Survey it is likely to be in the range of 6.1 to 6.7 percent....

March IIP good, but don't see big upmove: HDFC Bk's Baruah   

10 May 2013, 1.04 pm  |  Source: Moneycontrol.com

Abheek Baruah remains cautious despite the March IIP reading of 2.5 percent as neither anecdotal evidence nor credible indices like the PMI (Purchasin...

March IIP @ 2.5% encouraging sign for economy: C Rangarajan   

10 May 2013, 12.35 pm  |  Source: CNBC-TV18

Beating street estimates March IIP stood at 2.5 percent, which according to C Rangarajan is an encouraging sign and that the Indian economy may be in...

March IIP at 2.5% as capital goods, manufacturing lead  

10 May 2013, 11.34 am  |  Source: Moneycontrol.com

March IIP reading of 2.5 percent has raised hopes that the worst may be over for the economy, but economists have cautioned that a full fledged recove...

Industry output grows 2.5% in March, cap goods boost  

10 May 2013, 11.25 am  |  Source: Moneycontrol.com

C Rangarajan, Chairman, Economic Advisory Council to the Prime Minister of India said IIP improvement in March shows economy is on 'right path for rec...

Car sales fall 10% in April  

10 May 2013, 11.00 am  |  Source: Reuters

Car sales in India fell an annual 10 percent in April, an industry body said on Friday, beginning a new financial year on the same sour note that saw ...

Wholesale prices probably eased further in April  

10 May 2013, 8.15 am  |  Source: Reuters

A Reuters poll expects India's headline inflation to ease for the third straight month in April....

Factory output likely rose 2% in March: Reuters poll  

10 May 2013, 8.10 am  |  Source: Reuters

A Reuters poll expects Indian factories output to have risen for the third consecutive month in March....

RBI to launch plastic currency notes with longer shelf-life  

09 May 2013, 11.54 am  |  Source: PTI

Srinagar: Reserve Bank Governor D Subbarao on Wednesday said the central bank will soon introduce on a pilot basis plastic currency notes as they have...

RBI listens to 'silent voices' hurt by inflation: Subbarao  

09 May 2013, 11.10 am  |  Source: PTI

Dismissing the criticism that RBI's steps to check inflation have hurt growth, Reserve Bank Governor D Subbarao today said the monetary authority has ...

Budget session cut short without passing key reforms  

09 May 2013, 8.52 am  |  Source: Reuters

India cut short the budget session of parliament on Wednesday, two days ahead of its scheduled close and without passing major reforms like the food s...

HP govt clears applications under Social Security Pension  

09 May 2013, 8.47 am  |  Source: PTI

Himachal Pradesh government has sanctioned social security pension to 10,369 additional beneficiaries and cleared their pending applications. With thi...

No respite seen in SEBI's 25% minimum float norm: Mayaram   

08 May 2013, 8.59 pm  |  Source: CNBC-TV18

Listed companies are unlikely to get any respite from the Securities and Exchanges Board of India’s June 30 deadline for having a minimum 25 percent...

India's CAD to be less than 5% in FY13: Mayaram  

08 May 2013, 8.16 pm  |  Source: PTI

India's current account deficit (CAD) for 2012-13 is likely to be less than 5 per cent of the Gross Domestic Product (GDP), a top Finance Ministry off...

US Immigration reform bill may harm Indian IT firms  

08 May 2013, 7.02 pm  |  Source: PTI

The bi-partisan group of eight US Senators has come out with eight killer provisions in its comprehensive immigration reform bill, which if passed by ...

Parliament adjourned as no option left: Speaker  

08 May 2013, 6.13 pm  |  Source: PTI

Lok Sabha Speaker Meira Kumar today justified the sudden adjournment of Parliament, saying there was no option as it was not running. She said the dis...

UPA committed to food security bill: PM  

08 May 2013, 6.05 pm  |  Source: PTI

Notwithstanding government's failure to get the ambitious Food Security Bill passed in the Budget session, Prime Minister Manmohan Singh today said UP...

Factory output likely rose 2% in March: Reuters poll  

08 May 2013, 10.45 am  |  Source: Reuters

Indian factories' output probably rose for a third consecutive month in March, boosted modestly by improving exports and investment, but weak domestic...

Food Security Bill to prove costly for government  

08 May 2013, 8.56 am  |  Source: Reuters

The government may soon pass the National Food Security Bill to give millions more people cheap food, fulfilling an election promise of the ruling Con...

India's growth story credible: FinMin to Moody's  

07 May 2013, 5.29 pm  |  Source: PTI

Admitting that economic picture is not fully rosy, the Union finance ministry on Tuesday told global rating agency Moody's that the country's growth s...

Hiring activities see better trends in April  

07 May 2013, 2.29 pm  |  Source: PTI

Hiring activities improved in April on the back of better prospects primarily in telecom, banking and financial services sectors, says a report....