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Economy News

Daimler ships India-made FUSO trucks to Trinidad  Tobago Daimler India Commercial Vehicles (DICV), a 100 percent subsidiary of Daimler AG along with group firm Mitsubishi Fuso Truck and Bus Corporation, has launched the FUSO trucks.
Mon, 27 Apr 2015 20:27:19 +0530
India Ratings pegs current fiscal growth at 7.7% The rating agency has projected the growth at 7.7 percent lower than the official forecast of 7.9%.
Mon, 27 Apr 2015 20:20:11 +0530
FinMin to meet PSU banks tomorrow to review stalled projs Case by case review of some of the major infrastructure projects would be undertaken by the ministry in presence of senior officers of the ministries of power, steel, transport, shipping and the RBI, an official statement said.
Mon, 27 Apr 2015 18:46:01 +0530
Rs 200 cr production loss on industrial disputes in 2014 However, the number of strikes and lockouts during the last few years has not shown an increasing trend, Labour Minister Bandaru Dattatreya during question hour. He said that in 2013, there was Rs 431 crore worth of production lost due to 200 industrial disputes, involving 10,59,749 workers.
Mon, 27 Apr 2015 17:42:34 +0530
DIPP notifies 49 pc FDI in pension sector The FDI cap in the sector has been hiked to 49 percent and that includes foreign investment in the forms of FPI, FII, QFI, FVCI, NRI and DR. No government approval is required till 26 percent.
Mon, 27 Apr 2015 17:41:00 +0530
Arun Jaitley Explaining the levy of MAT on foreign portfolio investors, Arun Jaitley said the decision was taken not by the government, but by quasi-judicial bodies, which were created well before the present government came to power to reassure investors that the tax system would be free of political interference.
Mon, 27 Apr 2015 17:39:09 +0530
All MAT tax claims under DTAA to be settled in a month The move is aimed at quickly resolving the controversial tax issue facing foreign portfolio investors. The Income Tax Department has sent notices in 68 cases to FIIs for payment of dues totalling Rs 602.83 crore towards Minimum Alternate Tax (MAT).
Mon, 27 Apr 2015 17:35:03 +0530
Tourism fetches Rs 3.22 lakh cr foreign exchange in 3 years To promote tourism, the Ministry provides assistance for large revenue generating projects and infrastructure development, among others. In the last fiscal (2014-15), two schemes - Swadesh Darshan and National Mission on Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASAD) - were launched.
Mon, 27 Apr 2015 17:33:37 +0530
India, Spain to scale up bilateral trade and cooperation Addressing India-Spain business summit, organised by Confederation of Indian Industry (CII), Marfil said there is a need to take the bilateral relations between both the nations to a higher scale as "in terms of trade and investment, figures are low."
Mon, 27 Apr 2015 17:18:24 +0530
Piyush Goyal "The government has examined the issue of amending Coal Bearing Areas (Acquisition and Development) Act, 1957 to return the mined out land and the land acquired but found to be in excess of actual requirement to the state government for utilisation after reclaiming them," Power and Coal Minister Piyush Goyal said in a written reply to Rajya Sabha.
Mon, 27 Apr 2015 16:24:51 +0530
Prakash Agarwal Prakash Agarwal on India Ratings believes unseasonal rains may affect public sector banks’ asset quality. Punjab National Bank’s agri non-performing assets (NPAs) could increase by 6 percent, he added.
Mon, 27 Apr 2015 15:20:51 +0530
India seeks first cut in LNG imports under Qatar deal: Srcs India's LNG import costs under the deal are currently around USD 13 per million British thermal units (mmBtu), versus spot prices of USD 6-USD 7 per mmBtu, according to R.K. Garg, head of finance at Petronet LNG.
Mon, 27 Apr 2015 12:45:49 +0530
Arun Jaitley "Our Taxation process has to be simpler to increase tax buoyancy. Our taxation policy has to be non-adversarial. The government does not intend to tax people retrospectively," Arun Jaitley said.
Mon, 27 Apr 2015 12:31:32 +0530
India's scope for progress is 'enormous' on infra spending The goal of establishing India as the global manufacturing hub may be impossible to achieve without a fast and significant progress in building and upgrading transportation, energy, public health and sanitation facilities, say reports.
Mon, 27 Apr 2015 09:11:49 +0530
Strong India rupee stings Modi's export ambitions Thousands of garment, leather, handicraft, and gems and jewellery exporters have watched helplessly as the rupee has appreciated by a quarter against Europe's common currency over the past 12 months.
Mon, 27 Apr 2015 08:56:03 +0530
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Politics

Bihar-based Tilka Manjhi Bhagalpur University had informed the Delhi High Court that Tomar's law degree is fabricated
Farmers in the state are finding it difficult to sell their produce after the recent unseasonal rains.
Modi had said in Toronto, "My job is to ensure that India is cleaned up. It will take time to clean up the mess of the past. My mission is 'Skill India, not Scam India'."
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India

The President though insisted he isn't tilting towards any country and just serving the national interest.
Bihar-based Tilka Manjhi Bhagalpur University had informed the Delhi High Court that Tomar's law degree is fabricated
Taking advantage of Monday's clear weather, three helicopters shuttled climbers all day from camp 1, above the impassable Khumbu icefalls, while others trekked back from camp 2 to be airlifted out.
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Tech

The Celkon Campus A518 dual-SIM smartphone supports 3G video calling and comes with a 1 GHz processor.
The footage does not include the ongoing live rescues; it, instead, features the ancient cultural heritage sites that were destroyed during the earthquake.
Here are the top six selfie-friendly smartphones under Rs 10,000 with an 8 megapixel front camera.
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