New Delhi: Welcoming the petrol price hike, industry body Ficci said that government should deregulate the prices of other fuel products like kerosene, diesel and cooking gas. In the steepest ever hike, petrol price was increased on Wednesday by Rs 7.54 a litre with effect from midnight tonight. "However, this increase, welcome as it is, will only partially cover the under recoveries on account of kerosene (Rs 31 per liter),...
08:44 PM, May 23, 2012
New Delhi: With rupee plunging below the 55-level against dollar, which benefits exporters, global buyers are putting pressure on Indian exporters to offer 10-15 per cent discount on shipments. The country's apex exporters body FIEO, however, said the continuous fall in the domestic currency will not help exporters much. "Global buyers are putting pressure for more and more discounts. They are asking for about 10-15 per cent. They want to...
04:38 AM, May 22, 2012
Mumbai: The Centre is planning to draft a legislation to regulate online media and is already holding consultations with the opposition over the matter, BJP president Nitin Gadkari said on Thursday. "The government is planning to impose restrictions on online media and has sought our views on how to go about it. Serious discussions are going on. We want freedom of speech to exist, but we also don't want anybody's...
11:09 PM, May 03, 2012
New Delhi: The CBI on Monday arrested AICC member Daljeet Singh Chaudhry over his alleged role in the Rs 35,000 crore foodgrain scam in Uttar Pradesh. The arrest came two days after CBI teams searched 12 places in Lucknow. Group 3 employees of the state food corporation and some alleged middleman were also raided for allegedly diverting PDS grain in Uttar Pradesh for export. Complainant Vishwanath Chaturvedi had last month...
11:58 AM, Apr 25, 2012
New Delhi: Rajiv Shukla, the Chairman of the Indian Premier League (IPL), has rejected the media reports that the cricket tournament's popularity has gone down, saying that the IPL 5 will be a super success. Speaking to Karan Thapar on Devil's advocate, he said that the BCCI has taken steps to ensure that the injured players are treated properly. Here is the full transcript of the interview: Karan Thapar:Hello and...
09:28 PM, Apr 23, 2012
Once upon a time, the region that is now modern day Pakistan was South Asia's prime trading hub. Be it during the time of the ...
12:58 PM, Apr 15, 2012
New Delhi: Industry body FICCI on Wednesday raised concerns over a new competition law in the US which states that only those manufacturers who can provide proof of using genuine hardware and licensed software should be allowed to export to America. In an effort to create level-playing field between competing manufacturers globally, some of the US states have passed a new competition law. Under the law, only those manufacturers, who...
12:40 AM, Apr 12, 2012
New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said problems of the industry, reeling under high interest rate regime, are linked to fiscal deficit that needs to be contained. "I am willing to accept that high interest rate are a burden, but it is not going to be solved having interest subvention for this or that sector. It will be solved by bringing fiscal deficit down so...
08:44 PM, Apr 09, 2012
Banned Pakistan cricketer Mohammad Amir has appeared in an official video from the Anti-Corruption and Security Unit (ACSU) of the ICC, warning players of the dangers of corruption, which will be also be used by the Indian Premier League in the ongoing fifth season. ...
10:31 AM, Apr 06, 2012
New Delhi: Finance Minister Pranab Mukherjee said on Saturday the government needs to take some difficult decisions such as capping subsidies and controlling expenditure to bring down the fiscal deficit in the next few months to get the Indian economy back on the growth track. "We cannot go on with the approach that is divorced from the reality. Difficult decisions will have to be taken in the coming months," Mukherjee...
01:51 AM, Mar 25, 2012
New Delhi: Amid concerns over rising crude oil prices, Finance Minister Pranab Mukherjee on Saturday said the government would take and implement "some difficult decisions" in the coming months. "In meeting the targets under the (expenditure) roadmap, I am conscious of the fact that the government would need to take and implement some difficult decisions in the coming months," Mukherjee said at an event organised by Ficci in New Delhi....
05:56 PM, Mar 24, 2012
Mumbai: South African Deputy Minister of Trade & Industry Elizabeth Thabethe, who is currently on a visit to India said in Mumbai on Friday that women had a major role to play in the global economy. "Women empowerment is an issue very close to my heart. Women now have a major role in the global economy and that has been evident in India and South Africa. Friday's workshop focuses on...
09:30 PM, Mar 23, 2012
Mumbai: Filmmaker Imtiaz Ali's 'Rockstar' emerged a big winner scooping four awards, including best actor for Ranbir Kapoor, at the 2012 FICCI FRAMES Excellence Awards. The film, which chronicles the story of an aspiring singer, walked away with the trophy of best director for Imtiaz Ali, best music director for A.R. Rahman and best singer (male) for Mohit Chauhan. Vidya Balan received the best actor (female) award for 'The Dirty...
04:18 PM, Mar 17, 2012
New Delhi: As Finance Minister Pranab Mukherjee resorted to mopping up more taxes, a disappointed India Inc today said his Budget is a "missed opportunity" and would have cascading impact on inflation and consumer demand. "It is not going to stimulate growth in the economy," FICCI President RV Kanoria said. CII President B Muthuraman said he was expecting much more and the excise-related proposals would push up prices. However, the...
02:12 PM, Mar 16, 2012
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