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Friday, March 16, 2012, New Delhi: The Confederation of Indian Textile Industry (CITI) has welcomed some of the announcements included in the Central Budget presented by Shri Pranab Mukherjee, the Honourable Finance Minister of India today. In a statement here, Shri S.V. Arumugam, Chairman, CITI stated that abolition of...
Chandigarh, March 16- Haryana Chief Minister Mr Bhupinder Singh Hooda has hailed the Union Budget 2012-13 presented by Union Finance Minister, Mr Pranab Mukherjee in the Parliament today and described it as a pro-people and progressive budget which would boost economy and benefit all sections of the society, especially...
Chandigarh, March 16- Haryana Education and Social Justice and Empowerment Minister, Mrs Geeta Bhukkal has welcomed the Union Budget for the year 2012-13. In a statement issued here today, she appreciated the proposal to have an increase of 18 per cent to Rs.37,113 crore for Scheduled Castes Sub Plan...
WASHINGTON: Amid reports claiming America has threatened India with sanctions if it does not reduce its Iranian oil imports by June end, US officials on Friday said Washington and New Delhi are having “productive conversations” on the issue and termed the reports as “highly speculative”. “Recent headlines on India...
NEW DELHI: Pranab Mukherjee, while presenting the Union Budget 2012-2013 proposed to increase duty on large cars and refined gold and remove any duty on import of silver. Here is a look at what goes up and what goes down. Almost all the manufactured items used in every day...
With several defence deals including the one to procure 126 combat aircraft for the IAF expected to be clinched this year, the Defence Budget was today substantially hiked by more than 17% to Rs 1,93,407 crore from last year’s Rs 1,64,415 crore. Of the total outlay, over Rs 79,500...
MUMBAI: The Bombay Stock Exchange’s Sensex bounced back led by gains in FMCG, auto, banks and realty space as the Finance Minister Pranab Mukherjee tabled Union Budget for FY12-13 in Lok Sabha. The minister expect fiscal deficit to slip to 5.1 per cent in FY13. The minister expects current...
MUMBAI: The National Stock Exchange’s Nifty was near day’s lows as profit booking intensified in oil&gas majors Reliance Industries, ONGC and Cairn India after the Finance Minister Pranab Mukherjee announced cess on crude petroleum oil products as he tabled Union Budget for FY13 in Lok Sabha. “Budget looks more...
By S. Sethuraman The Finance Minister Mr Pranab Mukherjee has preferred to strike a middle path between boldness and populism in order to gain a broad acceptance of his Budget for 2012-13, fashioned on predictable lines — a course warranted by the political challenges for his Government and an...
NEW DELHI: The government may adopt a three-pronged strategy to cushion the rupee against the potential impact of large-scale capital outflows. This includes curbs on imports of unproductive products like gold and consumer items, easier FDI policy, and an enhanced focus on exports. The government’s new thinking is apparently...
MUMBAI: Talk of a stake sale in Suzlon’s European business is back. Global power equipment and wind turbine majors Alstom, Siemens and GE are negotiating with Suzlon Energy for a possible buyout of its German subsidiary REpower, said two people familiar with the ongoing negotiations. They said the talks...
HYDERABAD: Brazilian aircraft maker Embraer is bullish about the prospects of the Indian business jet market, the second largest in the Asian region after China. “In Asia after China.. Indiais the second-largest market. We cannot overlook by any means developments of this market,” Embraer...
Going by current trends of the Indian political leadership and the apex national security establishment of investing more on diplomacy than military preparedness to ward off ‘The China Threat’, the analytical answer is a big NO. Strategic analysis would suggest that it should be a pressing strategic imperative for...
Last week it was China that captured the headlines and this week, the attention is all on India as it is on the verge to announce it’s annual budget. Eleven days ago, the authorities in Beijing announced an 11.2% increase in it’s military budget, which clearly underscored the China’s...
By Narendra Sharma NEW DELHI: Migrants in the country are denied all facilities available to the other citizens because they have to leave their hearths and homes in search of livelihood. They work harder, are paid not even a minimum wage. Though, they too contribute to the health and...
MUMBAI: Talk of a stake sale in Suzlon’s European business is back. Global power equipment and wind turbine majors Alstom, Siemens and GE are negotiating with Suzlon Energy for a possible buyout of its German subsidiary REpower, said two people familiar with the ongoing negotiations. They said the talks...
NEW DELHI: Competition needs to be ushered into the domestic coal sector as state-owned CoalIndia’s “near monopolistic” position impedes the sector’s growth. “Coal India Limited (CIL) dominates the domestic coal scenario. Its near monopolistic position has often resulted in supply bottlenecks, delays in development of new coal fields and,...
NEW DELHI: Global funding is vital for countries like India to address concerns related to climate change as mitigation efforts ultimately involve costs, says the Economic Survey 2011-12, which for the first time has made a pointed reference to the challenge posed by climate change. “Global funding through the...