LIVE MARKET TRACKER :   BSE SENSEX   25024.35      |    NSE NIFTY 7459.60    
GLOBAL MARKETS :  NASDAQ 4415.491   +0.44%    |    FSI London 6690.17   +0.27%    |    NIKKEI Japan 15164.04   -0.34%
  USD GBP EUR CAD AUD INR
USD - 0.5843 0.735 1.0735 1.0651 60.05
GBP 1.7119 - 1.2583 1.8377 1.8234 102.7996
EUR 1.361 0.7953 - 1.4611 1.4496 81.7292
CAD 0.932 0.5446 0.685 - 0.9926 55.9646
AUD 0.9394 0.5489 0.6904 1.0084 - 56.4092
INR 0.0167 0.0097 0.0123 0.0179 0.0178 -
Indian-Commodity  :  Economy  :  Anand Sharma assures measure to support exporters by December 24

Anand Sharma assures measure to support exporters by December 24 (24-Dec-2012)

The Union Minister of Commerce Industry and Textiles, Anand Sharma at the 5th meeting of the Government-Industry Joint Task Force, expressed concern over the trade performance as exports in April-November 2012 declined by 5.9% to $ 189.2 billion and assured the Industry that measure to support exporters will be announced by December 24.

He stated that the slowdown in manufacturing has huge implications in terms of employment and social cohesion and industry has voiced its concern including cost of manufacturing, weak disbursement of credit and high transaction costs. Further stating, the minister said that he intends to hold the 1st meeting of the Manufacturing Industry Promotion Board in the near future to review the state of this very critical sector as well as the progress in the implementation of the National Manufacturing Policy. Commerce minister pointed out that the nature of manufacturing, changes to more capital intensive manufacturing, the rate of growth to sustain employment would have to be at least 12%-15%. 

On SEZ policy Anand Sharma said that to make this policy more attractive the department is in the process to finalisation of the revised SEZ policy in consultation with the ministry of finance and hoped that before the next Budget, the ministry will be able to announce the changes. The Minister pointed out that the Government has taken some concrete measures for reviving the investment sentiments, both domestic and foreign front like FDI in multi brands retail upto 51% while stipulating that at least half of the investment will go for creating backend infrastructure.


Top News Today
Tata Motors, Infosys and Suzlon to see some action today
(11-Jul-2014)

Tata Motors, Infosys and Suzlon to see some action todayTata Motors-owned luxury car maker Jaguar Land Rover (JLR) has registered its strongest ever half-year sales in 2014 selling over 240,000 vehicles. The UK-based auto major sold 240,372 cars between January......click on news to read complete article.

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyed
(08-Jul-2014)

Railway Budget 2014-15 to be "growth oriented", big ticket announcements eyedHaving done a pre-Budget hike of 14.2% in passenger fares and raising freight rates, Railway Minister Sadananda Gowda's will present his maiden Rail Budget amidst expectation of big ticket announcements,......click on news to read complete article.

India must avoid fiscal slippage: World Bank
(04-Jul-2014)

India must avoid fiscal slippage: World BankWorld Bank has warned that India's inflation still remained uncomfortably high and the new government should avoid fiscal slippages in the process of reviving growth. These comments from the World Bank's......click on news to read complete article.

International Stock News
US markets closed higher on Friday
(12-Jul-2014)

US markets closed higher on FridayThe US markets, after witnessing lack of direction throughout the session, managed to keep their head above water on Friday. With the upward move, the markets extended the recovery from the sell-off seen......click on news to read complete article.

US markets closed lower; Europe worries resurface
(11-Jul-2014)

US markets closed lower; Europe worries resurfaceThe US markets closed lower on Thursday, but ended well off the day's lows, as a decision by one of Portugal's biggest banks to delay a debt payment reminded investors of the fragility of Europe's banking......click on news to read complete article.

US markets closed higher following FOMC minutes
(10-Jul-2014)

US markets closed higher following FOMC minutesThe US markets closed up on Wednesday, after the FOMC minutes revealed that policy-makers decided to end the Fed's bond purchases by October if the economy stays on track. According to the new plan, the......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.