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Energy security A file picture of pipelines running from the dock to LNG
storage tanks at the Haldia Dock Complex. Officials are hopeful of signing
a deal with the US in September.
Energy security A file picture of pipelines running from the dock to LNG storage tanks at the Haldia Dock Complex. Officials are hopeful of signing a deal with the US in September.

India hopes to clinch deal with US on LNG during Modi visit

US exports gas only to nations with which it has a free trade pact
Prime Minister Narendra Modi’s persuasive skills will be put to test, when he visits the US... »

Higher investment limit for FIIs in G-Secs is credit positive for GoI: Moody's

Raising the investment limit for foreign institutional investors (FIIs) from $20 billion to $25... »

India’s infra pie is still very small: GE’s Agrawala

BANMALI AGRAWALA, President & CEO, GE South Asia
GE’s India strategy will depend on how far the Modi Government is able to convert the... »

Stable rates, conservative lending key to reducing loan defaults: India Ratings

Loans to residential mortgage borrowers, whose repayments were above 50 per cent of their income, were found to be riskier
Conservative underwriting standards are crucial to the performance of mortgage loans, according... »

Can India accommodate more domestic airlines?

AirAsia India, a joint venture between Tata Group and Malaysia-based low-cost carrier AirAsia, was able to complete the entire process in about seven months.
Giving permission to new airlines will mean additional capacity next fiscal
The old debate on whether India has an appetite for more domestic airlines has again got a le... »

National

Gujarat tops in power sector investments: Study

A recent study report prepared by Assocham’s Economic Research Bureau has showed that Gujarat to... »

Economy

FinMin to pitch for ratings upgrade with global agencies in next 2-3 months

Armed with budget proposals to bring down the fiscal deficit, the Finance Ministry will pitch fo... »

Economy

India’s sovereign rating to remain stable: Morgan Stanley

India’s sovereign credit rating is expected to remain stable over the next 12—month period, brok... »

CII seeks PM’s intervention over drug price fixing

New Delhi, July 28 Industry chamber CII has sought Prime Minister Narendra Modi’s intervention over “unilateral fixing” of drug prices by NPPA saying the exercise based on “an inequitable formula”... »

Govt initiates dumping probe into chemical imported from China, Switzerland

The Government has initiated a probe into alleged dumping of a chemical, used in paint industry, by China and Switzerland in the domestic market.The move is aimed to protect domestic player... »

Open to consider changes in trading norms on SME platform: SEBI Chief

The issue of publication of consolidated or stand alone results by listed companies is not for SEBI alone to look at but the views of several others such as the RBI and the Institute of Ch... »

Chowdary tipped to be new CBDT chief

Senior IRS officer K V Chowdary is tipped to be the new Chairman of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department.The 1978-batch Indian Revenue Se... »

India’s sovereign rating to remain stable: Morgan Stanley

India’s sovereign credit rating is expected to remain stable over the next 12—month period, brokerage firm Morgan Stanley said in its research report. “We expect India’s Sovereign Rating to... »

India to join select band of nations to store crude oil

Deep inside the earth under the hills of Visakhapatnam, tunnels 7-km long, as all as a 10-storey building and as wide as twelve Mercedes cars, are all set to fill themselves with a smelly,... »

Food security first, then trade pact: India

Nirmala Sitharaman, Commerce and Industry Minister Taking a firm position, India has said that it will support a trade facilitation pact at the World Trade Organization (WTO) only as a package deal that includes a permanent solution to its food se... »

230 pending projects lock up ₹5-lakh cr investments: Official

About 230 major projects involving over ₹5 lakh crore of investments are pending in various stages, according to Anil Swarup, Head of the Government’s Project Monitoring Group. “From June... »

Coimbatore industry bodies hail CM’s move to set up investment zones

E K Ponnuswamy, President, CODISSIA. File Photo. Industry associations in Coimbatore have welcomed the slew of announcements made by the Chief Minister J Jayalalithaa like establishment of a National Investment and Manufacturing Zone (NIMZ) and... »

Jaitley offers tax relief for debt mutual funds

Finance Minister Arun Jaitley (file photo) In what could be seen as a relief to big investors, the high tax rate of 20 per cent will no longer apply to redemption of debt mutual fund units between April 1 and July 10 this year. There is so... »

Indirect tax collections up 4.5% in April-June

‘Our aim is to make processed food easily available to the aam aadmi’

I-T offices to stay open on Saturday, Sunday to accept returns

WB to promote hardware manufacturing

India fares poorly in UN human development index

Modi regime can raise India’s ‘Doing Business’ ranking: World Bank chief

Cabinet to discuss key reform Bills, trade facilitation pact today

Govt sets the ball rolling for changes in labour laws

Gujarat tops in power sector investments: Study

A recent study report prepared by Assocham’s Economic Research Bureau has showed that Gujarat topped in new investments attracted by the power sector during the period 2004-05 and 2012-13. »

Gujarat Govt needs to review budget estimates: CAG

The Gujarat Government needs to be more careful in preparing the state budget and strengthen budgetary controls in those departments where savings or non-utilisation have been persistently reflect... »

Developing entrepreneurs: ISB catches them young

The Indian School of Business (ISB) has launched Technology Entrepreneurship Programme (TEP) to equip select engineering students with skills to become entrepreneurs. The two-year programme would... »

FinMin to pitch for ratings upgrade with global agencies in next 2-3 months

Armed with budget proposals to bring down the fiscal deficit, the Finance Ministry will pitch for a ratings upgrade at a series of meetings with the global agencies in the next 2-3 months.“... »

Jaitley to address RBI board on Aug 9

Finance Minister, Arun Jaitley, will address the Reserve Bank of India board here on August 9 amid expectations that the central bank will complement government actions by reducing the rates to bo... »

Crude oil output inches up in June

Domestic crude oil production for June grew at a snail’s pace of 0.1 per cent to 3.125 million tonne as against 3.123 million tonne in the same month last year. Natural gas production f... »

India avoids growth downgrade by IMF

India is the only country in the BRICS grouping that has avoided a growth downgrade by IMF as it retained the country’s economic expansion forecast at 5.4 per cent for the current fiscal.Th... »

India says it won't settle for anything less than a permanent solution at WTO

Hardening its stand at the World Trade Organisation, India has said it will support a pact on trade facilitation only when a permanent solution to its food security concerns is in place. ... »

Crude oil production in India grows at snail's pace in June

Domestic crude oil production for June 2014 grew at a snail's pace of 0.1 per cent to 3.125 million tonnes as against 3.123 million tonnes in the same month last year. While crude oil pro... »

India will not have to wait for bringing back black money: Jaitley

Finance Minister Arun Jaitley today said that India will not have to wait for long for bringing back the black money. He said that the Government is giving all the information received f... »

FDI cap hike gets insurance industry’s thumbs up

We cannot bring back black money: BJP MP

Jakarta scouts for Indian investment in gold mining, crude refineries

India set on not supporting a pact on trade facilitation at the WTO

Cabinet okays 49% FDI in insurance

Banks not ready to fund projects under public-private partnership: Gadkari

UK to push for easing retail FDI norms

Portfolio

THE BIG STORY

Return of the ULIP

Like a phoenix rising from the ashes, ULIPs are all fired up after the recent market rally. But do check the long-term track record too before rushing to buy them
After a barrage of bad news over the years, investors in Unit-Linked Insurance Plans (UL... »

Union Budget 2014-15 Highlights

  • Following are the highlights of the Union Budget 2014-15 presented by Finance Minister Arun Jaitley in Parliament on July 10, 2014
  • Income-tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh
  • Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh.
  • Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh
  • Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh.
  • Committee to look into all fresh tax demands for indirect transfer of assets in wake of retrospective tax amendments of 2012
  • Fiscal deficit target retained at 4.1% of GDP for current fiscal and 3.6% in FY 16
  • Rs 150 crore allocated for increasing safety of women in large cities
  • LCD, LED TV become cheaper
  • Cigarettes, pan masala, tobacco, aerated drinks become costlier
  • 5 IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan
  • 5 more IITs in Jammu, Chhattisgarh, Goa, Andhra Pradesh and Kerala.
  • 4 more AIIMS like institutions to come up in AP, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP
  • Govt proposes to launch Digital India’ programme to ensure broad band connectivity at village level
  • National Rural Internet and Technology Mission for services in villages and schools, training in IT skills proposed
  • Rs 100 cr scheme to support about 600 new and existing Community Radio Stations
  • Rs 100 cr for metro projects in Lucknow and Ahmedabad
  • Govt expects Rs 9.77 lakh crore revenue crore from taxes
  • Govt’s plan expenditure pegged at Rs 5.75 lakh crore and non-Plan at Rs 12.19 lakh crore.
  • Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called ‘Namami Gange’
  • Kisan Vikas Patra to be reintroduced, National Savings Certificate with insurance cover to be launched
  • FDI limit to be hiked to 49% pc in defence, insurance
  • Disinvestment target fixed at Rs 58,425 crore
  • Gross borrowings pegged at Rs 6 lakh crore
  • Contours of GST to be finalised this fiscal; Govt to look into DTC proposal.
  • ‘Pandit Madan Mohan Malviya New Teachers Training Programme’ launched with initial sum of Rs 500 crore
  • Govt provides Rs 500 crore for rehabilitation of displaced Kashmiri migrants
  • Set aside Rs 11,200 crore for PSU banks capitalisation
  • Govt in favour of consolidation of PSU banks
  • Govt considering giving greater autonomy to PSU banks while making them accountable
  • Rs 7,060 crore for setting up 100 Smart Cities
  • A project on the river Ganga called ‘Jal Marg Vikas’ for inland waterways between Allahabad and Haldia; Rs 4,200 crore set aside for the purpose.
  • Govt proposes Ultra Modern Super Critical Coal Based Thermal Power Technology
  • Expenditure management commission to be setup; will look into food and fertilizer subsides
  • Impasse in coal sector will be resolved; coal will be provided to power plants already commissioned or to be commissioned by March 2015
  • Long term capial gains tax for mutual funds doubled to 20%; lock-in period increased to 3 years
  • Rs 4,000 cr set aside to increase flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment.
  • EPFO to launch the ‘Uniform Account Number’ service to facilitate portability of Provident Fund accounts
  • Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to Rs 15,000
  • Minimum pension increased to Rs 1,000 per month
  • Union Budget 2014: List of products getting cheaper/ costlier

  • Finance Minister Arun Jaitley today spared the common man from price hikes by keeping duties on commonly used day-to-day items unchanged but made it costlier for smokers and tobacco consumers with a steep increase in excise rate in tax proposals in Budget 2014—15.
  • Following is a list of what will be cheaper and costlier:
  • YOU WILL PAY LESS FOR
  • CRT television
  • LED/LCD TVs especially below 19 inch
  • Footwear priced between Rs 500 to Rs 1,000 per pair
  • Soaps
  • E—book readers
  • Desktop, laptops and tablets
  • RO based water purifiers
  • LED Lights, fixtures and lamps
  • Pre forms of precious and semi—precious stones
  • Sports Gloves
  • Branded petrol
  • Matchbox
  • Life micro insurance policies
  • HIV/AIDS drugs and diagnostic kits
  • DDT insecticides
  • YOU WILL PAY MORE FOR
  • Cigarettes
  • Aerated drinks with sugar
  • Pan masala
  • Gutka and chewing tobacco
  • Jarda scented tobacco
  • Radio Taxi
  • Imported electronic products
  • Portable X—ray machines
  • Half cut/broken diamonds.

  • DATA BANK

    Exchange Rate

    Dollar Spot Forward Rate

    Open-Ended Mutual Funds

    MCX-SX Currency Futures

    NSE Currency Futures

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