LIVE MARKET TRACKER :   BSE SENSEX   26099.22      |    NSE NIFTY 7780.85    
GLOBAL MARKETS :  NASDAQ 4449.564   -0.50%    |    FSI London 6791.55   -0.44%    |    NIKKEI Japan 15518.09   +0.39%
  USD GBP EUR CAD AUD INR
USD - 0.5891 0.7448 1.0812 1.065 60.115
GBP 1.6977 - 1.2644 1.8355 1.808 102.0566
EUR 1.3433 0.7914 - 1.4524 1.4306 80.7525
CAD 0.925 0.5449 0.6889 - 0.9851 55.6054
AUD 0.9396 0.5535 0.6998 1.0159 - 56.4841
INR 0.0166 0.0098 0.0124 0.018 0.0177 -
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
Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens too
(15-Jul-2014)

Retail Inflation eases to 29-month low at 7.31% in June; Core inflation softens tooIn yet another encouraging development after four month low headline inflation numbers, provisional annual inflation rate based on all India general Consumer Price Index (CPI) (Combined) softened to 29......click on news to read complete article.

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.

International Stock News
US markets closed in red on weak earnings
(26-Jul-2014)

US markets closed in red on weak earningsThe US markets closed in the red on Friday, as traders reacted negatively to the latest batch of earnings news from Amazon and Visa. Amazon closed the day down 10%, losing more than $15 billion in shareholder......click on news to read complete article.

US markets closed mostly lower; S&P ekes out some gains
(25-Jul-2014)

US markets closed mostly lower; S&P ekes out some gainsThe US markets closed mostly lower on Thursday, while the S&P 500 closed at an all-time high for the 27th time this year. The main benchmarks traded in a narrow range throughout the session, as......click on news to read complete article.

US markets closed mostly up; Dow retreats from highs
(24-Jul-2014)

US markets closed mostly up; Dow retreats from highsThe US markets closed mostly higher on Wednesday, as strong results from companies like Apple and Delta pushed the S&P 500 to close at a record. Investors seemed to have brushed off news that two......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.