New Delhi, July 22: Annual food inflation fell to 12.47 per cent for the week ended July 10 from 12.81 per cent in the previous week on back of decline in prices of vegetables, especially potato and o

New Delhi, July 22: The authority set up to collect data for the issue of tamper-proof biometric identity cards to each of India's 1.17 billion citizens has been granted Rs.3,023 crore for the second

New Delhi, July 21: Finance Minister Pranab Mukherjee Wednesday said the country can have two goods and services tax (GST) effective from April 1, 2011.

He proposed a dual rate structure during the f

New Delhi, July 20: Amid the Reserve Bank expressing reservations over the ULIP ordinance, the Finance Ministry today said a bill to replace the ordinance would be placed in the forthcoming session of

New Delhi, July 20: The government is likely to use a new index for measuring inflation from next month, Industry Secretary R.P. Singh said Tuesday.

"We are in the process of seeking formal approval

New Delhi, July 20: Upping its ante against the oil ministry, Reliance Industries has refused to give natural gas to new customers by cutting supplies to power and fertiliser plants saying the ministr

New Delhi, July 20: India's defence spending is expected to touch about $80 billion over the next five years, creating opportunities for global aerospace and defence (A&D) companies, says consulting f

New Delhi, July 19: The government today said it is considering cutting import duty on natural rubber, a long pending demand of tyre manufacturers.

"Yes, I have seen requests ... we are thinking abou

New Delhi, July 19: Refusing to swayed by the IMF's growth projection of around 9.5 per cent for 2010, Finance Minister Pranab Mukherjee today said he would be happy if the economy clocks a growth rat

New Delhi, July 19: Oil and Natural Gas Corporation has told oil regulator DGH that its KG basin block may hold about 3 trillion cubic feet of gas reserves from which it plans to produce 25-30 million