Search Results for: rupee depreciation

Hyundai ix25 Compact SUV Spied Testing in India; Price, Launch Details

Elite i20 Set to Get Costlier from January, Hyundai Hikes Vehicle Prices by up to ₹25,000

Korean car maker Hyundai announced a price hike in India across all models ,effective from 1 January . The quantum of the hike will range from ₹5,000 to ₹25,000.

Dec 15, 2014

Saradha scam: CBI arrests Madan Mitra, politicos react

New Delhi, Dec 12 (ANI): The Central Bureau of Investigation (CBI) on Friday arrested West Bengal State Transport Minister and Trinamool Congress leader Madan Mitra after questioning him for his alleged role in the multi-crore rupee Saradha chit fund scam case. Reacting over this CPI (M) leader Ritabrata Banerjee said that this should have happened earlier. Meanwhile, the BJP demanded West Bengal Chief Minister Mamata Banerjee's resignation and said that the links of Saradha scam are reaching towards the top leaders of TMC.

Dec 12, 2014

modi-wins-times-readers-poll-loses-person-of-the-year-title-politicos-react

CBI Summons WB Minister Madan Mitra, Politicos react

New Delhi, Dec 09 (ANI): The Central Bureau of Investigation (CBI) has freshly summoned West Bengal Transport Minister Madan Mitra for questioning in the multi-crore rupee Saradha scam. Politicos GVL Narasimha Rao, NCP Leader Tariq Anwar, BJD Leader jay Panda, BJP Leader Nalin Kohli react to the situation.

Dec 9, 2014

Higher Gold Imports Widen CAD to $10.1 bn in Q2; Rupee to Remain Stable in 2015

India's CAD had widens due to rise in gold imports driven by falling gold imports and relexation in import norms. Lower oil import bill and higher capital inflows to provide comfort, keeping the rupee stable.

Dec 9, 2014

India Poised to Grow Faster Than China From 2016, Says Goldman Sachs

Goldman Sachs chief India economist Tushar Poddar expects India's growth to overtake China starting 2016. Structural reforms could provide further impetus.

Dec 5, 2014

TMC protests against hike in fuel excise duty

New Delhi, Dec 3 (ANI): Leaders of Trinamool Congress (TMC) party, on Wednesday (December 03), staged a protest outside parliament against a hike in excise duty of petrol and diesel. India on Tuesday (December 02) raised excise duties on petrol by 2.25 rupees per litre and on diesel by one rupee per litre with immediate effect, the finance ministry said in a statement to parliament. The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation. A source familiar with the matter said the latest measures were expected to raise an additional 40 billion rupees in the remainder of the fiscal year to the end of March 2015. Meanwhile, TMC staged protest against the hike, saying the Indian consumers could not avail of advantage of global slump in fuel prices.

Dec 3, 2014

Philately exhibition displaying world's first, rare stamps draws crowd in Kochi

Kochi, Nov 28 (ANI): Some unique and rare collections of stamps ranging from world's first ‘Penny Black' to the oldest ones along with India's heritage stamps were on display at a philately exhibition in Kerala. The two-day exhibition called ‘Kochipex 2014', which pulled sizeable crowd including school children to veteran philatelists, began on Thursday in Kochi. Stamps depicting Jesus Christ's life (birth to resurrection) and painter-sculptor Leonardo da Vinci's ‘Vitrovian Man' were also on display at the exhibition. The exhibition that started with a ceremonial function was a visual treat for the enthusiasts and stamp collectors. The exhibition also gave a chance to exhibit collection of coins and Indian rupee notes for the collectors. Stamps carrying photos of India's former politicians and greats like Jawaharlal Nehru, Indira Gandhi and Mahatma Gandhi among others also attracted visitors. M Venkateswarlu, Post Master-General, central region of India Post said that such exhibitions should be organised regularly across the country to encourage the hobby of collecting stamps, especially among students.

Nov 28, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

Saradha Scam: TMC MP Srinjoy Bose remanded to CBI custody till Nov 26

Kolkata, Nov 22 (ANI): Trinamool Congress MP Srinjoy Bose, who was arrested by the CBI in connection with the multi-crore rupee Saradha Chit Fund Scam, was remanded to CBI custody till 26th November on Saturday. Lawyer Ashok Mukherjee said that the court has directed to provide the required medical facilities to the accused while he is in the CBI custody.

Nov 22, 2014

Japan's Exports Improve in October; is 'Abenomics' Really Working?

Japan's exports index rose to the highest level in eight months in October after the economy slid into recession a three months ago

Nov 20, 2014

Mann Ki Baat: PM Modi addresses nation via AIR

New Delhi, Nov 2 (ANI): Prime Minister Narendra Modi on Sunday addressed the nation on All India Radio. The programme, which is Modi's second address on radio, named Mann Ki Baat was aired from 11 am. Modi touched upon a range of issues including the cleanliness drive and the black money. PM Modi in his address said, "as far as black money is concerned, trust me that we will work to bring every single rupee back." "I will leave no stone unturned to bring back black money," he added. Talking about the 'Swachh Bharat Abhiyan' he said that more and more people are becoming conscious about the importance of cleanliness. He also informed that his government is trying to make Kendriya Vidyalayas and some government institutions disable friendly. A fund is being allocated for that. He invited suggestions from people on various burning issues like increasing drug menace in the country.

Nov 2, 2014