Stock Markets Slumped On Wednesday
Wednesday June 30, 2010
On Wednesday as stock markets slumped after economic data from the US and China spurred worries of a stalling economic recovery, oil prices extended losses in Asian trade.
London’s Brent North Sea crude for August was [...]
NAC Meeting — Food Security Bill Is Expected To Come In For Sharp Focus
Wednesday June 30, 2010
At the meeting of the NAC (National Advisory Council) in New Delhi on Ist July, the ambitious Food Security Bill is expected to come in for sharp focus, with food inflation perched around 17 per cent.
Headed by Sonia [...]
PSU Banks — Benchmark Base Rates Of Up To 8 Per Cent
Wednesday June 30, 2010
Several Public Sector Undertaking banks on Tuesday announced new benchmark base rates of up to 8 per cent, ushering an era of new interest rate regime. The State Bank of India being lowest with 7.5 per cent, for providing [...]
Mutual Funds Is Open To Become A Self Regulatory Organization
Monday, June 28, 2010
A top official of the association of Mutual Funds in India said on Sunday, Mutual funds industry body AMFI is open to become a self regulatory organization in a gradual manner.
The body is ready to take up regulatory responsibilities, [...]
FDI In Entertainment And Media Industries
Monday, June 28, 2010
Industry body Assocham said on Sunday, the government should do away with time-consuming and cumbersome procedures for granting approval to FDI (Foreign Direct Investment) proposal for the media and entertainment sector.
It [...]
Growing Concerns Over Expansionary Fiscal Policies
Friday, June 25, 2010
On Friday Prime Minister Dr. Manmohan Singh said it was necessary for the global economy to continue to recover in a stable and predictable manner without succumbing to protectionist tendencies, ahead of the G-20 Summit [...]
Annual Food Inflation Touched 16.90 Per Cent Mark
Friday, June 25, 2010
In the wake of soaring food prices the government decided to release five million tonnes of wheat in the open market and retain zero duty on sugar and wheat imports. The EGOM (Empowered Group of Ministers), headed by Pranab [...]
Asian Bourses Mainly Dragged The Sensex down
Friday, June 25, 2010
With metal and financial sector leading the fall, the Bombay Stock Exchange benchmark Sensex Friday over 91 points lower on selling triggered by weak global cues. The thirty share index opened 91.64 points, which had lost [...]
Prices of Petrol, Diesel, Kerosene And Gas Cylinders Increases
Friday, June 25, 2010
The government said in New Delhi, households will have to pay an additional Rs 35 per cylinder, poor man’s cooking medium kerosene will dearer by Rs. 3 a litre and petrol and diesel will cost up to Rs. 3.73 per litre [...]
Federal Reserve Had Raised Concerns About The Pace Of The US Economic Recovery
Friday, June 25, 2010
Analyst said, oil was higher in Asian trade Friday as investors focused on positive US economic data even as the Federal Reserve voiced worries about the world’s biggest economy. Main contract New York’s, for August [...]