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  • there is a case for rating upgrade finmin

    There is a case for rating upgrade: FinMin

    March 17, 2013 13:33 IST

    New Delhi, March 17: The Finance Ministry feels there is a case for a rating upgrade of India by at least a notch or so and agencies like Standard & Poor's and Fitch would be

  • 35 000 tax notices on way fm asks defaulters to clear dues

    35,000 tax notices on way; FM asks defaulters to clear dues

    March 14, 2013 17:16 IST

    New Delhi, March 14: The Revenue Department today issued notices to 35,000 assessees for failure to file I-T returns even as Finance Minister P Chidambaram entreated defaulters to pay taxes and seek penalty waiver. "A

  • inflation rises to 6.84 in february

    Inflation rises to 6.84% in February

    March 14, 2013 13:03 IST

    New Delhi, March 14: Inflation based on wholesale price index (WPI) rose to 6.84 percent in February as against 6.62 percent in the previous month.Retail inflation was recorded at 10.91 percent in February -- remaining

  • economy to return to robust growth path in 2 3 years pm

    Economy to return to robust growth path in 2-3 years: PM

    March 13, 2013 13:14 IST

    New Delhi, March 13: Cautioning the opposition against dampening the spirit of economy, Prime Minister Manmohan Singh today said government has taken a number of steps to return to the robust growth path in the

  • hsbc morgan stanley cut india s fy14 gdp forecasts to 6

    HSBC, Morgan Stanley cut India's FY14 GDP forecasts to 6% from 6.2%

    March 13, 2013 12:55 IST

    New Delhi, March 13: Morgan Stanley and HSBC each cut their India's economic growth forecasts for 2013/14 to 6.0 per cent from 6.2 per cent to reflect lower-than-expected growth in the October-December quarter.HSBC said that

  • over rs 4.18 lakh cr outstanding in i t arrears till dec

    Over Rs 4.18 lakh cr outstanding in I-T arrears till Dec: Chidambaram

    March 12, 2013 17:59 IST

    New Delhi, March 12: Income Tax arrears outstanding at the end of December, 2012 totalled over Rs 4.18 lakh crore, Finance Minister P Chidambaram said today."The total income tax arrears outstanding as on December 31,

  • retail inflation rises to 10.91 in february

    Retail inflation rises to 10.91% in February

    March 12, 2013 12:34 IST

    New Delhi, March 12: Retail inflation moved up for the fifth consecutive month to 10.91 per cent in February -- remaining in the double-digit terrain for third month in a row -- on account of

  • defence ministry clears oil blocks of ril others

    Defence Ministry clears oil blocks of RIL, others

    March 12, 2013 11:40 IST

    New Delhi, March 12: Ending weeks of stalemate, the Defence Ministry has cleared Reliance Industries' producing KG-D6 block and gas discovery area NEC-26 along with most of the areas where it had either barred any

  • industrial production rises to 2.4 in january

    Industrial production rises to 2.4% in January

    March 12, 2013 11:32 IST

    New Delhi, March 12: India's industrial production jumped 2.4 per cent in January as compared to a contraction of (-) 0.6 per cent in December. thanks to a pick-up in domestic demand and infrastructure output

  • india to see 6 growth next year says world bank chief

    India to see 6% growth next year, says World Bank chief

    March 12, 2013 11:23 IST

    New Delhi, Mar 11: Indian economy is likely to grow at a rate of 6 per cent next year and probably more thereafter as exports markets start doing better, World Bank President Jim Yong Kim

  • exports from india up by 4.25 in february

    Exports from India up by 4.25% in February

    March 11, 2013 17:14 IST

    New Delhi, Mar 11: Reflecting some recovery in the global markets, India's exports for the second straight month in February grew by 4.25 per cent to $26.26 billion.With a view to boost exports, the government

  • fdi inflows dip 34 in 2012

    FDI inflows dip 34% in 2012

    March 11, 2013 11:21 IST

    New Delhi, March 11: India has attracted foreign direct investment (FDI) of $ 22.78 billion in 2012, a decline of 34 per cent over the previous year due to global economic uncertainties.The country had attracted

  • no mechanism to safeguard compensate investors says

    No mechanism to safeguard, compensate investors, says Chidambaram

    March 08, 2013 16:52 IST

    New Delhi, March 8: There are provisions to safeguard the interest of investors in stocks, including suspension of erring companies, but there is no mechanism for compensating them as the exchange is a private entity

  • upa regime achieved higher growth rates than nda says pm

    UPA regime achieved higher growth rates than NDA, says PM

    March 08, 2013 13:16 IST

    New Delhi, March 8: Prime Minister Dr Manmohan Singh today read out growth rate statistics in the Rajya Sabha to underline that growth rates during the last nine years of UPA regime had been higher

  • sfio detects rs 5 607 cr worth frauds in three years

    SFIO detects Rs 5,607 cr worth frauds in three years

    March 07, 2013 16:15 IST

    New Delhi, March 7: Probes by SFIO, the investigation agency for serious corporate frauds, has found siphoning of funds worth Rs 5,607 crore at 18 companies in the past three years, Corporate Affairs Minister Sachin

  • indian economic growth greater than china s hsbc emerging

    Indian economic growth greater than China's: HSBC Emerging Markets Index

    March 07, 2013 11:33 IST

    New Delhi, March 7: India expanded at a faster rate than China in February even as emerging market economies witnessed a moderation in economic growth, an HSBC survey said today. The HSBC Emerging Markets Index

  • us economy growing throughout country fed survey

    US economy growing throughout country: Fed survey

    March 07, 2013 11:11 IST

    New Delhi, March 7: Strong auto sales, better hiring and a continued housing recovery helped the U.S. economy grow in January and February throughout the country, according to a survey released Wednesday by the Federal

  • the worst may be over for india moody s analytics

    The worst may be over for India: Moody's Analytics

    March 07, 2013 10:46 IST

    New Delhi, March 7: Global ratings agency Moody's on Thursday said India's December quarter was likely the bottom of the economic cycle, and anticipate a steady acceleration in GDP growth in the coming year. The

  • no rollback of duty hike on suvs chidambaram

    No rollback of duty hike on SUVs: Chidambaram

    March 04, 2013 18:07 IST

    New Delhi, March 4: Virtually ruling out rollback of 3 per cent hike in excise duty on SUVs, Finance Minister P. Chidambaram on Monday assured India Inc. that a clutch of decisions, mainly on indirect

  • failure to pay excise service tax may lead to arrest finbill

    Failure to pay excise, service tax may lead to arrest: FinBill

    March 04, 2013 17:12 IST

    New Delhi, Mar 4: Failure to pay excise duty and service tax could lead to arrest of defaulters, as per the provisions proposed in the Finance Bill 2013 introduced by Finance Minister P Chidambaram in

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