LIVE MARKET TRACKER :   BSE SENSEX   28334.63      |    NSE NIFTY 8477.35    
GLOBAL MARKETS :  NASDAQ 4712.97   +0.24%    |    FSI London 6750.76   +1.08%    |    NIKKEI Japan 17357.51   +0.33%
  USD GBP EUR CAD AUD INR
USD - 0.6388 0.8072 1.1239 1.1537 61.70
GBP 1.566 - 1.2641 1.7601 1.8067 96.6222
EUR 1.2393 0.7916 - 1.3929 1.4298 76.4642
CAD 0.8905 0.5689 0.7189 - 1.0274 54.946
AUD 0.8673 0.554 0.7001 0.9748 - 53.5112
INR 0.0162 0.0104 0.0131 0.0182 0.0187 -
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
Kotak Bank, ING Vysya Bank, Tech Mahindra and Dr. Reddy's to see some action today
(21-Nov-2014)

Kotak Bank, ING Vysya Bank, Tech Mahindra and Dr. ReddyKotak Mahindra Bank has announced that it will acquire Bengalaru-headquartered ING Vysya Bank in an all-stock deal. ING shareholders will get 725 Kotak Bank shares for every 1,000 shares they hold. The......click on news to read complete article.

SEBI tightens the rule for insider trading in markets
(20-Nov-2014)

SEBI tightens the rule for insider trading in marketsMarket regulator, the Securities and Exchange Board of India (SEBI) has tightened the noose around the Insider Traders and has announced measures to improve the integrity of the capital markets by enlarging......click on news to read complete article.

NTPC, Dr. Reddy's and Alok Industries to see some action today
(20-Nov-2014)

NTPC, Dr. ReddyThe country's largest power producer, NTPC has evinced interest to develop the 2,400 Mw coal-based power station proposed at Kamakhyanagar in Dhenkanal district through the joint venture (JV) route. The......click on news to read complete article.

International Stock News
US markets closed higher as Europe, China fuel optimism
(22-Nov-2014)

US markets closed higher as Europe, China fuel optimismThe US markets closed higher on Thursday, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures. The initial strength on Wall Street came......click on news to read complete article.

US markets closed up on signs of strengthening economy
(21-Nov-2014)

US markets closed up on signs of strengthening economyThe US markets closed higher on Thursday, as data showed improvements in the American economy which overshadowed concern over weaker growth overseas. On the economy front, the number of people who applied......click on news to read complete article.

US markets closed lower on FOMC minutes
(20-Nov-2014)

US markets closed lower on FOMC minutesThe US markets closed lower on Wednesday, as Fed minutes revealed scant little insights about the US central bank's policy plans. A number of Federal Reserve officials pushed their colleagues to say more......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.