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BUSINESS
Lower production and increasing debt of Oil and Gas – Threat to India
Date- April 21, 2011 | Place- Mumbai
As per the target development plans, the current volume of Gas production in India should have been between 58 to 60 Million standard cubic feet per…
SBI increases interest rates – Loans to be expensive
Date- April 20, 2011 | Place- Mumbai
The largest lending bank in India, the State Bank of India (SBI), on Tuesday, 19th of April announced an increase of 25 basis points in its lending…
RBI fails again – Inflation mocks Government Prediction
Date- April 17, 2011 | Place- New Delhi
Proving an absolute failure by the Finance Ministry as well as the Reserve Bank of India (RBI) in controlling inflation, the annual average…
No agreement on Goods and Services Tax: Finance Ministry
By- Pratik Dutta | Date- April 16, 2011 | Place- Kolkata
In spite of a four-year discussion, the central government and the states have failed to reach an agreement on the implementation of…
New FDI Policy – India to destroy Small Enterprises
By- Staff Reporter | Date- April 01, 2011
In a move considered as historical for Indian economy, the Government of India on Thursday, March 31 brought in a revised policy for foreign…
Japan disaster creates havoc – Business to grow in Taiwan and South Asia
: Mumbai, March 31, 2011
The crisis situation in Japan following the March 11 earthquake and tsunami has impacted the global supply chain business big time. With as many as 40% of world’s…
SBI Scam – Manager Caught with Fake currency
: New Delhi, March 30, 2011
In yet another alarming instance of fake currency deposit, The Reserve Bank of India registered an FIR against a manager of State Bank of India (SBI) for…
ONGC and Assam Company to share 60-40 in Amguri Oil Field
: New Delhi, March 29, 2011
Ending speculations that Assam Company India Ltd would be the sole operator of the unexplored oil field of Amguri in Assam, the Government has directed Oil…
Merger of Service, Excise and Sales Tax to Confusion and Inconvenience
: New Delhi, March 29, 2011
The new plan of merging of the excise, sales and service taxes in the country is bound to create quite some inconveniences for the authorities as well as the…
After Japan and Libya – Portugal to rock Economy
: Mumbai, March 26, 2011
After the Arab World with winds of revolution and Japan with destruction of tsunami and earthquake, it is now turn for Europe to face the risk of economic turmoil.…