India Business News

India to add 280 million tonnes port capacity this year

by sulekha news on Apr 5 2013 8:50PM IST

Mumbai, April 5 (IANS) The shipping ministry plans to create an additional port capacity of 280 million tonnes this year, mainly through the public-private-partnership (PPP) mode, with a focus on efficiency and increasing draft, Shipping Minister G.K. Vasan said here Friday.

100,000 youth from Jammu and Kashmir to be trained for jobs: Jairam Ramesh

by sulekha news on Apr 5 2013 8:39PM IST

Srinagar, April 5 (IANS) Around one lakh youth from Jammu and Kashmir would be trained and provided employment outside the state during the next five years, union Rural Development Minister Jairam Ramesh said Friday.

Government not playing big brother by digitising broadcasting: Tewari

by sulekha news on Apr 5 2013 8:28PM IST

New Delhi, April 5 (IANS) Information and Broadcasting Minister Manish Tewari said Friday that the government had no intention of playing "big brother" by getting access to real time data on the television choices of people through the cable TV digitization process and was willing to hand it over to a broadcasters body.

Seat capacity of Indian passenger carriers to Singapore expanded

by sulekha news on Apr 5 2013 8:14PM IST

New Delhi, April 5 (IANS) The seat capacity of Indian passenger carriers flying to Singapore has been increased by 10 percent, the civil aviation ministry said Friday.

New Singapore garden wooings tourists

by sulekha news on Apr 5 2013 7:29PM IST

New Delhi, April 5 (IANS) A new garden which boasts of exquisite flora, cloud forests and waterfalls, along with a fine dining and shopping experience - with the grand Marina Bay in the background - is all set to woo tourists, a Singapore Tourism Board official said here Friday.

Sensex closes 0.32 percent down; FMCG, capital goods stocks plummet

by sulekha news on Apr 5 2013 7:21PM IST

Mumbai, April 5 (IANS) A benchmark index of Indian equities markets closed Friday's trade 0.32 percent down, owing to heavy selling in fast moving consumer goods (FMCG), capital goods, consumer durables, bank and media and entertainment stocks.

India, Germany to ink several pacts to boost ties

by sulekha news on Apr 5 2013 7:12PM IST

New Delhi, April 5 (IANS) India and Germany are likely to sign several pacts in areas including renewable energy, trade, infrastructure and education during Prime Minister Manmohan Singh's visit to Berlin next week.

Corporate tax key to reclaiming high tax-GDP ratio: Official

by sulekha news on Apr 5 2013 5:27PM IST

Kolkata, April 5 (IANS) With the Indian government aiming to reclaim its peak high tax-GDP ratio of 11.9 percent soon, union Revenue Secretary Sumit Bose Friday said boosting up of corporate tax collection is key to improving the crucial ratio.

Shimla-Kaza road yet to get forest clearance: Virbhadra

by sulekha news on Apr 5 2013 4:29PM IST

Shimla, April 5 (IANS) The proposed road project to link this Himachal Pradesh capital with the picturesque Spiti Valley has been delayed on account of the failure to obtain forest clearance for it, Chief Minister Virbhadra Singh said Friday.

China projects not to affect Brahmaputra's flow: Rawat

by sulekha news on Apr 5 2013 4:18PM IST

New Delhi, April 5 (IANS) China has assured India that it will not take any step which affects the downstream flow in Brahmaputra, Water Resources Minister Harish Rawat said here Friday, noting that the neighbouring country had planned only run-of-river projects.

Economic development must be environmentally sustainable: PM

by sulekha news on Apr 5 2013 3:38PM IST

New Delhi, April 5 (IANS) Emphasising the need for an environment-friendly growth model, Prime Minister Manmohan Singh Friday said development can be sustainable only if it is protecting natural balances.

Sugar stocks rally after government decontrols sector

by sulekha news on Apr 5 2013 3:37PM IST

Mumbai, April 5 (IANS) Scrips of sugar mills rallied a day after the government decontrolled the Rs.80,000 crore (around $15.5 billion) sugar industry in line with the suggestions of a panel headed by C. Rangarajan, chairman of the prime minister's economic advisory council.

Sensex down 0.33 percent

by sulekha news on Apr 5 2013 3:34PM IST

Mumbai, April 5 (IANS) A benchmark index of Indian equities markets was trading 0.33 percent down Friday afternoon owing to heavy selling pressure in fast moving consumer goods (FMCG), consumer goods and bank stocks.

Policy changes key to affordable housing (Comment)

by sulekha news on Apr 5 2013 2:26PM IST

Affordable housing is the key to India's realty industry being able to change lanes to the fast track but cost escalations due to delayed permissions, lack of access to cheap credit and shortage of building material are proving to be major hurdles. The solution: Policy changes covering land to lending.

UP roads to get smoother with Rs.1,700 crore

by sulekha news on Apr 5 2013 2:21PM IST

Lucknow, April 5 (IANS) The Uttar Pradesh government has sanctioned Rs.1,700 crore for laying new roads and for the maintenance and repair of existing roads in the current financial year, said an official Friday.