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Just in:   • Inflation surges to 7.83 percent, Chidambaram urges patience  • Export textile machinery and components to Bangladesh  • Behind Cannes fest glitz, Bollywood does brisk business  • EU-Latin America summit voices concern over food prices  • Market moves ahead shrugging off inflation, rising crude 
Last updated: 24 Apr, 2008  
 India Economy News


PM pledges Rs.100 bn economic partnership with Bhutan
Murali Krishnan | 17 May, 2008
Indian Prime Minister Manmohan Singh Saturday pledged Rs.100 billion ($2.5 bn) over the next five years as part of a package of economic engagement with Bhutan, asserting that the challenge before both countries was to evolve a model of sustainable development.
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Foreign investment proposals worth Rs.18.2 bn cleared
Staff Reporter | 17 May, 2008
Finance Minister P. Chidambaram, on the recommendation of Foreign Investment Promotion Board (FIPB), Friday approved 18 FDI proposals totalling Rs.18.20 billion, a ministry statement here said.
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India, China to cooperate in financial sector
Staff Reporter | 17 May, 2008
India and China Friday took another step to expand their economic ties by agreeing to cooperate in the financial sector through government agencies, private institutions and banks.
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Chidambaram asks industry to help inclusive growth
Staff Reporter | 17 May, 2008
Advising against cartelisation, Finance Minister P. Chidambaram Friday called upon the industry players to contribute towards sustaining the country's inclusive growth.
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Ambitious programme for poor in India's northeast
Sujit Chakraborty | 17 May, 2008
A 14-point action plan to eradicate poverty from India's eight northeastern states promises to improve the condition of the estimated 7.9 million poor people in the region.
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Jaipur blasts led to Rs.20 bn losses in turnover
Kavita Bajeli-Datt | 17 May, 2008
The two-day shutdown in the walled city areas, following the serial terror blasts in Jaipur that claimed 61 lives, has hit businesses hard, leading to an estimated loss of Rs.20 billion, the industry said Friday.
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Markets go down after positive opening
Staff Reporter | 16 May, 2008
Major Indian equities markets went down Friday soon after opening in the green, despite strong initial buying interest in power, banking, capital goods, automobiles and IT stocks.
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18 Foreign direct investment proposals cleared
Staff Reporter | 16 May, 2008
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Doha round negotiations delicately poised: Nath
Staff Reporter | 16 May, 2008
Union Minister of Commerce and Industry, Kamal Nath has stated that the Doha Round negotiations are delicately poised currently and whether the Round reaches a conclusion by the end of 2008 or moves into its eighth year will depend on a number of factors.
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Govt may cut cement prices further: Chidambaram
Staff Reporter | 16 May, 2008
The government is expected to further cut cement prices to tame inflation, Finance Minister P. Chidambaram said Thursday.
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  Top Stories
» Inflation surges to 7.83 percent, Chidambaram urges patience
» Market moves ahead shrugging off inflation, rising crude
» Export cargo to now get transit insurance cover
» No increase in steel price for next three months: SAIL
» CII outlines 10-point agenda for MSMEs
 
Commented Stories
» Kalam releases handbook for small entrepreneurs(28)
» Central Sales Tax (CST) not brought down to 2 percent: report(12)
» India-Africa trade: more incentives could double exports to Africa(9)
» SMEs - help yourself to succeed(8)
» US calling - opportune time for Indian exporters(6)
  Customs Exchange Rates
Currency Import Export
US Dollar
40.50
39.90
UK Pound
80.05
78.70
Euro
63.65
62.55
Japanese Yen 38.95 38.20
As on 18 May, 2008
  Daily Poll
Do you agree the government should review the textile export target set for this fiscal (2008-09)?
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 Can't say
 
 
 
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