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South Africa to host first BRICS Business Council meet

South Africa to host first BRICS Business Council meet

South Africa will host the first BRICS Business Council meet aiming to increase the trade and investment ties between participating economies. The two-day meeting will be attended by delegates from…

PM for new thinking on RBI’s monetary policy

PM for new thinking on RBI’s monetary policy

Prime Minister Manmohan Singh on Saturday called for evolving a fresh thinking on RBI’s monetary policy in a globalised economy and dealing with the constraints of its macro economic policies.…

Economy in doldrums due to lack of good governance: Oppn

Economy in doldrums due to lack of good governance: Oppn

Describing the state of country’s economy as critical, Opposition on Wednesday attacked the government saying it was due to lack of good governance and mismanagement. Initiating a debate on the…

Inflation shoots up to 5.79% in July as prices of veggies soar

Inflation shoots up to 5.79% in July as prices of veggies soar

Rising for the second consecutive month, inflation shot up to 5.79 per cent in July, driven largely by double digit rise in prices of food articles, mainly vegetables, including onion.…

Govt to announce changes in duties on gold, silver

Govt to announce changes in duties on gold, silver

Finance Minister P Chidambaram on Tuesday said that he would come out with changes in the import duty of gold, silver and other non-essential items later in the day. On…

Concern in Lok Sabha over declining value of rupee

Concern in Lok Sabha over declining value of rupee

Serious concern was expressed in Lok Sabha on Monday over the declining value of rupee and a serious economic situation, with CPI(M) asking the government to take immediate measures to…

Govt approves Rs 740 cr for Food Processing Min scheme

Govt approves Rs 740 cr for Food Processing Min scheme

The government approved Rs 740 crore fund for the 12th Plan period for Food Processing Ministry’s scheme to facilitate the setting up of units and technology upgradation. “The Cabinet Committee…

Gold futures down 1.13 pc on global cues

Gold futures down 1.13 pc on global cues

Gold futures prices fell by 1.13 per cent to Rs 27,618 per 10 grams as speculators offloaded their positions, taking weak cues from the global market. Besides, profit-booking by speculators…

Renault India July sales up two-fold at 3,763 units

Renault India July sales up two-fold at 3,763 units

Renault India reported two  fold increase in sales in July at 3,763 units from 1,776 units in the same period of previous year. Despite challenging conditions in the automotive market,…

RBI also needs to look at growth, FM says ahead of policy

RBI also needs to look at growth, FM says ahead of policy

A day ahead of RBI’s monetary policy review, Finance Minister P Chidambaram said the mandate of a central bank is not only to ensure price stability but also to promote…