BUSINESS AWAAZ

Petrol price hiked by Rs 3.13 per litre, diesel by Rs 2.71

Petrol price has been hiked once again. latest one  by 3 rupees 13 paise a litre while diesel by 2 rupees 71 paise per litre in Delhi including state levies. The new rates will come into effect from midnight tonight. However, the corresponding prices of petrol and diesel in other states will vary according to … Continue reading Petrol price hiked by Rs 3.13 per litre, diesel by Rs 2.71

India in talks with Swiss govt on sharing info on black money: Jaitley

TIA Correspondent India today pressed Switzerland to share information on Indians who have admitted to having accounts in Swiss banks and expressed readiness to sign a bilateral pact on automatic sharing of information with it. This was conveyed by Finance Minister Arun Jaitley when the visiting Swiss Economic Affairs Minister Johann NSchneider-Ammann met him in … Continue reading India in talks with Swiss govt on sharing info on black money: Jaitley

India, China to set up task force to look into trade issues: Jaishankar

Foreign Secretary S Jaishankar said India and China agreed to set up a high power task force to resolve issues pertaining to Indian exports to China. He said the task force will look into all issues faced by Pharma, IT, manufacturing and agriculture sectors in exporting their products to China. Briefing newsmen, Mr Jaishankar said … Continue reading India, China to set up task force to look into trade issues: Jaishankar

Auctions of spectrum to be done in transparent manner: Ravi Shankar Prasad

Andalib Akhter   NEW DELHI:  Union Minister for Communications & IT, Mr. Ravi Shankar Prasad Thursday assured the industry that the auction of spectrum in the future would be conducted on time and it would be done in fair and transparent way. ” As a part of good governance the road map will be fully … Continue reading Auctions of spectrum to be done in transparent manner: Ravi Shankar Prasad

Foodgrains production likely to decline by 5.25 per cent

3rd advance estimates for 2014-15 released India’s foodgrain production is estimated to have declined by 5.25 per cent to 251.12 million tonnes in 2014-15 crop year. The country had registered a record foodgrain production of 265.04 million tonnes in 2013-14 crop year. Releasing the third advance estimates for 2014-15, the Agriculture Ministry yesterday said that … Continue reading Foodgrains production likely to decline by 5.25 per cent

WPI inflation falls for sixth straight month to minus 2.65%

Deflationary pressure continued for the sixth straight month, as wholesale inflation dropped to a new low of minus 2.65 per cent in April this year. This was largely due to a fall in the prices of fuel and manufactured items. Inflation, as measured by the Wholesale Price Index, was 5.55 per cent in April last … Continue reading WPI inflation falls for sixth straight month to minus 2.65%

SC rejects plea of telecom companies for licence extension

Supreme Court today dismissed a bunch of petitions filed by various telecom companies, including Vodafone and Bharti Airtel, seeking extension of their spectrum licences. Petitioners were seeking extension of their 20-year spectrum licences by another 10 years. The telecom operators had also challenged the government’s decision to reject their applications for extension of their licences … Continue reading SC rejects plea of telecom companies for licence extension

Lok Sabha passes bill on black money

TIA Correspondent The Lok Sabha today passed the Undisclosed Foreign Income and Assets(Imposition of Tax) Bill, 2015 by voice vote. The Bill seeks to take penal action against the concealment of foreign income and any willful attempt to evade tax in relation to a foreign income will be punished with rigorous imprisonment from three years … Continue reading Lok Sabha passes bill on black money

Banker KV Kamath appointed as chief of BRICS Bank

Eminent banker K.V. Kamath was today appointed as head of the 50 billion dollars New Development Bank being set up by the five emerging economies of BRICS grouping. Finance Secretary Rajiv Mehrishi in New Delhi said, Mr Kamath will have a five-year term of the bank, which is likely to be operationalised within one year. … Continue reading Banker KV Kamath appointed as chief of BRICS Bank

Strict action to be taken against those stashing black money abroad: Jaitley

Finance Minister Arun Jaitley today said government will take harsh measures against persons those who have stashed unlawful money abroad. Moving the Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 in the Lok Sabha for consideration and passing, Mr Jaitley said the Bill intends to penalise the concealment of foreign income and provides … Continue reading Strict action to be taken against those stashing black money abroad: Jaitley

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NEPAL TRAGEDY: PHOTO FEATURE

[caption id="attachment_30524" align="alignleft" width="482"] The death toll from Saturday's deadly 7.9 magnit ...