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Last updated: 19 Jul, 2012  
 India Economy News


Goa eyes Rs.25,000 cr industrial investment
Mayabhushan Nagvenkar | 25 May, 2013
Holding a fig leaf to protect its shrinking identity, Goa wants to roll out a red carpet for a Rs.25,000 crore investment it needs to set its industrial ambitions in order.
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Nuclear power can make India self-sufficient in energy: Russia
SME Times News Bureau | 25 May, 2013
Nuclear power is the future of energy for India, said Russian Ambassador Alexander Kadakin, contending that even if the country buys all the oil in the world, it will not be sufficient for its energy requirements in the near future.
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US decision will not hit capital inflows to India: Montek
SME Times News Bureau | 25 May, 2013
India does not depend on short-term borrowings from the US and if the US withdraws its stimulus packages, it will not impact capital inflows in India, Planning Commission Deputy Chairman Montek Singh Ahluwalia said in New Delhi on Friday.
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'India's growth strategy has lessons for developing nations'
SME Times News Bureau | 25 May, 2013
India's strategy of eradicating poverty by "growing the pie rather than slicing it", and fuelling the country's growth with market-based policies holds lessons for other developing countries, suggest two leading Indian-American economists.
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'India has science, business interests in the Arctic'
Richa Sharma | 25 May, 2013
India's status as an observer at the eight-nation Arctic Council will give it a chance to understand the ice cap's climate, which impacts the Indian monsoon, along with the possibility of exploring the mineral-rich North Pole and shorter shipping routes for future business, a senior official said.
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India, US in talks to prepare for PM visit
SME Times News Bureau | 25 May, 2013
India and the US are in discussions to plan for Prime Minister Manmohan Singh's visit to America in the "near future". This was revealed by US Undersecretary for Political Affairs Wendy Sherman and Indian Foreign Secretary Ranjan Mathai at separate briefings. Mathai and Sherman met earlier in the day to prepare for US Secretary of State John Kerry's June 24 visit to India for the bilateral strategic dialogue.
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Anti-tax agitation called off in Maharashtra
SME Times News Bureau | 24 May, 2013
Wholesalers, retailers and manufacturers across Maharashtra called off their month-long agitation against the local body tax (LBT) imposed by civic agencies following talks with Chief Minister Prithviraj Chavan in Mumbai on Thursday.
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56,700 Indians face deportation from Saudi Arabia: Khurshid
SME Times News Bureau | 24 May, 2013
As many as 56,700 Indians face deportation from Saudi Arabia in the next one-and-half months and ten officials have been despatched to the kingdom to help the Indian mission prepare emergency certificates for their exit, External Affairs Minister Salman Khurshid said Thursday.
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Bengal to acquire closed Saradha TV channels
SME Times News Bureau | 24 May, 2013
In the wake of the shutting down of the scam-tainted Saradha Group media house, the West Bengal government Thursday announced it would acquire two of the closed TV channels. The Left questioned the decision on moral and legal grounds and sought its reversal.
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Cabinet nod to 20,751 new Income Tax posts
SME Times News Bureau | 24 May, 2013
The Cabinet Thursday approved creation of 20,751 additional posts in the Income Tax department, at a cost of Rs.449.71 crore, to help it collect increased revenue and provide better services to tax payers, an official statement said.
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  Customs Exchange Rates
Currency Import Export
US Dollar
55.30
54.35
UK Pound
84.50
82.50
Euro
71.80
70.00
Japanese Yen 54.40 53.00
As on 25 May, 2013
  Daily Poll
Do you think banks will lower lending rates after recent RBI rate cut?
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