Chinese yuan strengthens
Beijing, March 1 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 67 basis points to 6.5385 against the US dollar on Tuesday, according to the China Foreign Exchange Trading…
Business
US stocks decline after China cuts bank reserve ratio
Washington, March 1 (IANS) US stocks ended lower on Monday after volatile trading, as China’s central bank announced a cut in its reserve requirement ratio (RRR) for commercial banks by 0.5 percentage points. The Dow…
Jaitley announces amnesty scheme on black money
New Delhi, Feb 29 (IANS) Union Finance Minister Arun Jaitley on Monday announced a new amnesty scheme for those holding unaccounted money and assets to come clean by paying 45 percent of such wealth. The…
London mayor says risks of Brexit ‘wildly exaggerated’
London, March 1 (IANS) London mayor Boris Johnson on Monday slammed Britain’s pro-EU campaigners for fear-mongering, saying the risks of a Brexit had been “wildly exaggerated”, Xinhua reported. Writing in a column for the Daily…
NE Industry bodies hail Budget 2016-17
Guwahati, Feb 29 (IANS) Industry bodies of Assam and northeast termed the union budget 2016-17 presented on Monday as a good one based on realistic projection and said it was prepared while keeping in mind…
Gurgaon faces water shortage
Gurgaon, Feb 29 (IANS) The residents of Gurgaon have been facing a water crisis for last few days, first due to the Jat stir for quotas and now due to the cleaning of the supply…
Paltry increase in budget for judiciary and its infrastructure
New Delhi, Feb 29 (IANS) The union budget for 2016-17 has earmarked Rs.900 crore for the development of judicial infrastructure in the states, merely Rs.93.35 crore higher from Rs. 806.65 crores allocated in 2015-16. The…
Jaitley’s budget mirrors Parrikar’s thought processes: Goa CM
Panaji, Feb 29 (IANS) The 2016-17 general budget presented in the Lok Sabha on Monday mirrored the thought processes of Defence Minister Manohar Parrikar, Goa Chief Minister Laxmikant Parsekar said. Complimenting union Finance Minister Arun…
Software majors hail SEZ scheme extension, digital plans
Bengaluru, Feb 29 (IANS) Software majors TCS and Wipro on Monday lauded Finance Minister Arun Jaitley for extending tax benefit to export units under the Special Economic Zone (SEZ) scheme till 2020 and the government’s…
Budget to benefit agrarian rural economy of Odisha: Pradhan
Bhubaneswar, Feb 29 (IANS) Union Petroleum Minister Dharmendra Pradhan on Monday said the Budget 2016-17 will largely benefit agrarian rural economies of Odisha. He said the thrust of the budget is to give boost to…
Budget 2016-17 has nothing for Assam, Northeast: Gogoi
Guwahati: Assam Chief Minister Tarun Gogoi addresses a press conference in Guwahati on Jan 28, 2016. (Photo: IANS) Guwahati, Feb 29 (IANS) Assam Chief Minister Tarun Gogoi on Monday termed the union budget 2016-17 as…
Mumbai Airport ranks best in world in 25-40 mn category
Mumbai, Feb 29 (IANS) Mumbai’s Chhatrapati Shivaji International Airport (CSIA) has been ranked the Best Airport in the World for 2015 in the 25-40 million passengers per annum category, an airport official said here on…
Union budget deprives Odisha of legitimate share: Patnaik
Bhubaneswar, Feb 29 (IANS) Odisha Chief Minister Naveen Patnaik on Monday said the union budget 2016-17 has deprived his state of its legitimate share while putting a financial burden on the state government. Patnaik, however,…
Krishi Kalyan Cess to rake in Rs.5,000 crore
Chennai, Feb 29 (IANS) Union Finance Minister Arun Jaitley is hoping to mop up around Rs.5,000 crore under the new with his new Krishi Kalyan Cess at 0.5 percent on all taxable services during 2016-17….
Hike in excise duty on tobacco products lauded
New Delhi, Feb 29 (IANS) As the central government on Monday announced an increase in excise duty on tobacco products by 10-15 percent in the 2016-17 general budget to discourage increasing consumption, people from various…
Goa CM appeals to mining industry to resume ore extraction
Panaji, Feb 29 (IANS) Goa Chief Minister Laxmikant Parsekar on Monday urged the influential iron ore mining companies to resume ore extraction and stop staff retrenchment after sops announced in the 2016-17 Union Budget proposals….
Delhi airport world’s best in its category for second year
New Delhi, Feb 29 (IANS) The Airports Council International (ACI) on Monday adjudged the Indira Gandhi International Airport (IGIA) here as the world’s best in the category of handling 25-40 million passengers per annum for…
Budget mixed bag for IT, start-ups: Nasscom
Bengaluru, Feb 29 (IANS) The union budget for 2016-17 was a mixed bag for the Indian IT industry and start-ups, as its proposals were less than expected with caveats, the industry’s apex body Nasscom said…
India’s core industry index shows positive growth in January
New Delhi, Feb 29 (IANS) The industrial output index for India’s eight core industries registered growth in January, pushed up by higher coal, refinery products, fertilizers, cement and electricity output, an official statement said. The…
IndiGo to receive A320 Neos from March
New Delhi, Feb 29 (IANS) Budget airline IndiGo on Monday said Airbus has confirmed to deliver 24 A320 Neo aircraft to the airline starting from March 2016 to March 2017. “The new A320 Neo powered…