Business And Economy

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Asian Development Bank, ADB, will provide two loans worth 251.55 million US dollars , including the grant for improving rural power supply in Madhya Pradesh. The ADB and the Ministry of Finance sign

A report of Global Financial Integrity (GFI) has estimated the total value of illicit money that has flown out of India at 462 billion US dollar approximately 20 lakh crore rupees. In a written reply

he government on 16th August said there was unwillingness on the part of Mauritius to revise its double tax avoidance treaty with India. In a written reply in the Rajya Sabha, minister of state for F

Internet giant Google has announced a deal to buy Motorola Mobility for 12.5 billion dollars. A joint statement said the boards of both companies had unanimously approved the deal which should be com

The Bombay High Court on 12th August granted bail to Pune’s stud farm owner, Hasan Ali Khan on the surety of 5 lakh rupees. The bail was granted following observation by the Justice A M Thipsay tha

India on 10th August signed a 648 million dollar loan agreement with World Bank for building a 444 megawatt hydro electric project on Alaknanda river in Uttarakhand. An official release said that Utt

The deposits of Indians in Swiss banks have shown a steady decline over the year. It has halved to 9,295 crore rupees last year from about 23,373 crore rupees in 2006.Finance Minister Pranab Mukherje

  The Comptroller and Accounting General of India’s (CAG) report on alleged irregularities in the construction of Adarsh Housing Society in Mumbai was tabled in Rajya Sabha.  The Adarsh Housing S

Government on 9th August extended the term of Reserve Bank of India Governor D Subbarao by two more years, a PMO spokesperson said in New Delhi. A career bureaucrat and finance ministry veteran, D Su

Foreign Direct Investment into India grew 310 per cent to 5.65 billion US dollar in June this year. Government data released ON 7th August said, the increase is highest in the past 11 years and it in

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