February 23, 2012
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GDP to grow 7.5-8%; raise taxes, fuel prices, says PMEAC
India is likely to clock a GDP growth of 7.5-8 percent in 2012-13, Prime Minister`s economic advisory panel said Wednesday and asked the government to increase indirect tax rates and raise fuel prices to improve finances.
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Karat slams UPA Govt for neo-liberal economic policies
CPI(M) General Secretary Prakash Karat Wednesday slammed the UPA Government for its "neo-liberal" economic policies, unprecedented price rise and rampant corruption in all spheres of public life.
2G case: Notice to CBI on Balwa's plea
The Delhi High Court Wednesday issued notice to the Central Bureau of Investigation (CBI) on a plea filed by Swan Telecom promoter Shahid Balwa seeking to quash charges against him in the 2G case.
RBI sees around 7% growth this fiscal
The Reserve Bank Wednesday said it expects the economic growth in the current financial year to be around seven percent and does not see signs of a "spectacular turn-around" in the coming fiscal as well.
Summonses through SMSes, e-mails valid: 2G case court
A Delhi court Wednesday termed as "deemed proper" the service of summonses via SMSes, e-mails and affixation by the CBI to Essar Group promoters Anshuman and Ravi Ruia and Loop Telecom promoters I P Khaitan and Kiran Khaitan in an offshoot case of the 2G spectrum scam.
India slips to 4th place on economic confidence index
The uncertainties surrounding the world economy and a high fiscal deficit has pushed India to fourth place globally in terms of economic confidence of the people, a survey has said.
2G case: ED presents status report to CVC
The Enforcement Directorate Wednesday presented a status report of its probe into the 2G spectrum allocation case to the Central Vigilance Commission (CVC).
India-EU FTA may conclude by year-end: Belgium
The proposed India-EU free trade pact, which seeks to liberalise trade in goods and services, will include government procurement and is likely to be concluded by this year-end, Belgium Ambassador to India Pierre Vaesen said Wednesday.
FM hopeful of meeting indirect tax collection target in FY12
The indirect tax collection target of Rs 3.93 lakh crore will be met in the current fiscal despite moderation in economic growth, Finance Minister Pranab Mukherjee said Wednesday.
Govt allows direct jet fuel import by airlines
In a move aimed at helping the debt-laden airlines bring down their costs, the government on Wednesday formally allowed the local airlines to import jet fuel directly.
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