Others News

FDI with conditions

19 November 2011 at 12:32

The government is likely to allow global supermarkets such as Walmart, Tesco and Carrefour to set up deep discount stores in India, but with a few conditions. The department of industrial policy and promotion has moved a formal proposal to allow

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RBI careful of using forex reserves to support rupee

18 November 2011 at 15:31

The Reserve Bank of India will be careful about using foreign exchange reserves aggressively to protect depreciation of the rupee, Subir Gokarn, a deputy governor of the Reserve Bank of India, told television channel CNBC TV-18 on Thursday. The ce

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G Ramaswamy, President, ICAI elected as IFAC Board Member

18 November 2011 at 11:17

G Ramaswamy, President, The Institute of Chartered Accountants of India (ICAI) has been elected as the Board Member of International Federation of Accountants (IFAC) at the November IFAC Council Meeting held at Berlin, Germany on 17th November 201

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FM Pranab Mukherjee Address on the Conclusion of 150 Years Celebrations of the C&AG of India

17 November 2011 at 10:45

Following is the text of the speech of Union Finance Minister Shri PranabMukherjees address delivered, here today on the occasion of conclusion of 150years Celebrations of the C&AG of India: I am happy to be here today as t

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FM Pranab Mukherjee's Address at Global Economic Turmoil, Indian Economy and the Role of Banking Sector

14 November 2011 at 13:54

Following is the text of Finance Minister's speech at ASSOCHAM, Kolkata on 13-11-2011. "It gives me great pleasure to be here in Kolkata and share my thoughts on a subject that has occupied centre stage since the outbreak of global financ

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Suggestion invited from industry regarding direct and indirect taxes for upcoming budget

12 November 2011 at 15:28

BY FAX ONLY F.No.334/9/2011-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit *** Room No.146-G, North Block New Delhi, dated the 2nd November, 2011 To Trade and Industry Associations Subject: Suggestion

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World economy at risk: IMF chief

11 November 2011 at 15:57

IMF chief Christine Lagarde issued a warning in Beijing on Wednesday that Europe's debt crisis may plunge the global economy into a "lost decade" — long periods of zero or negative growth — experienced by Latin America in

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Govt puts strict terms on pumping capital into PSBs

11 November 2011 at 13:33

India’s cash-starved government has decided to capitalize public sector banks (PSBs) only if the lenders meet certain strict criteria. The finance ministry wants these banks to come with a five-year road map keeping in mind their capital

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Moody's cuts Indian banking sector outlook

10 November 2011 at 16:13

Global rating agency Moodys Investors Service on Wednesday downgraded the outlook on Indias Rs64 trillion banking sector to negative from stable, saying a slowing domestic economy and chaos in global markets could lead to more bad lo

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Indian Banking System is strongly regulated: Mukherjee

09 November 2011 at 12:38

In order to remove anxiety of inflation and slowdown in global economy, Finance Minister Pranab Mukherjee praised the Indian banking system and said the Indian banking system is strongly regulated. Finance Minister said, “The policies and

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