Prime Minister Manmohan Singh with FICCI delegation (from left) Amit Mitra, Secretary General, R. S. Poddar, past-President, Harsh Pati Singhania, President, Rajan Bharti Mittal, Senior Vice-President, Y. K. Modi, past-President, and Shivinder Mohan Singh, MD, Fortis Healthcare, in New Delhi on Tuesday. — PHOTO: M. ASOKAN / PHOTO DIVISION
Special Correspondent
NEW DELHI: The Federation of […]

V. Sridhar
BANGALORE: Policy makers the world over are facing “dilemmas” in trying to evolve an “exit” from the policy of monetary expansion, which is in response to the global financial crisis, former Reserve Bank of India Governor Y. V. Reddy said here.
He said: “An exit cannot be done too early, nor can it be […]

Special Correspondent
NEW DELHI: Union Finance Minister Pranab Mukherjee on Tuesday announced that the much-awaited draft of the Direct Taxes Code would be released by the Government on Wednesday. The draft seeks to simplify the taxation structure and put it in the public domain for a wider debate before it is adopted.
“The government is taking […]

Special Correspondent
MUMBAI: A Reserve Bank of India (RBI) committee on Tuesday suggested the central bank to direct banks to install note sorting machines (NSMs) in all branches in a phased manner.
In the first instance, all branches with average daily cash receipt of Rs. 1 crore or above may be equipped with NSMs by March […]

 
Union Minister for Commerce and Industry Anand Sharma (right) with Commerce Secretary Rahul Khullar (centre) and Foreign Secretary Nirupama Rao at a meeting of Board of Trade with captains of industry in New Delhi on Monday. PHOTO: SHANKER CHAKRAVARTY
Special Correspondent
NEW DELHI: Union Minister of Commerce and Industry Anand Sharma on Monday indicated that the […]

Indrani Dutta
KOLKATA: The public sector Coal India Ltd (CIL) is planning to import around four million tonnes of coal within this fiscal, CIL Director, Marketing, A. K. Sarkar, said. Given the lower calorific value of Indian coal, the proposed quantum is equivalent to six million tonnes of domestic coal.
CIL Chairman P. S. Bhattacharyya told […]

Special Correspondent
NEW DELHI: Faced with massive investment target in various projects and the need to adjust prices, Minister of State for Coal Sriprakash Jaiswal on Monday said that he would approach the Prime Minister, Manmohan Singh, seeking his nod for a marginal hike in coal prices to protect the interests of the coal public […]

Contingency provisions in the trade agreements turn out to be safety valves 

Ministers and delegates at a trade meeting session in Singapore last month. — PHOTO: AFP
C. R. L. NARASIMHAN
The World Trade Organization released its World Trade Report 2009 recently in Singapore. The WTR examines a dilemma that governments face at the time […]

The risks to the projections of GDP growth, inflation for 2009-10 are on the upside 

A farmer works in a paddy nursery on the outskirts of Vijayawada for transplanting them in the fields for kharif season. — PHOTO: V. RAJU
OOMMEN A. NINAN
While the Prime Minister, Manmohan Singh, voiced his concern over agriculture production, […]

Special Correspondent
MUMBAI: Union Minister for Petroleum and Natural Gas Murli Deora on Saturday stressed the need for optimal utilisation of hydrocarbon resources through an appropriate policy framework keeping in mind the interest of the common people.
Mr. Deora inaugurated the first road show for the New Exploration Licensing Policy (NELP) VIII and the Coal Bed Methane […]