The Jute Corporation of India has been asked to purchase raw jute directly from farmers instead of middlemen, Union Finance Minister Pranab Mukherjee today said.

JCI asked to purchase raw jute directly from farmers

Press Trust of India

With food price inflation in double digits, the Reserve Bank is faced with the daunting task of keeping inflation in check, the bank Deputy Governor K C Chakrabarty today said.

Containing inflation a challenge: RBI

The country managed a reasonable economic growth of 6.1 per cent during the first quarter of the current fiscal despite the global financial crisis impacting manufacturing and certain services like hotels.

Economy grows by 6.1% in Q1, vs 7.8% yr ago

The government has set up a Group of Ministers under Finance Minister Pranab Mukherjee to take up the issue of overhauling the fertiliser subsidy policy and shifting towards a regime of providing the dole-out directly to farmers.

Centre forms GoM to chart new fertiliser subsidy policy

The Bihar government has written to Union Finance Minister Pranab Mukherjee seeking extension of interest subsidy for three years on short term crop loans in 26 drought hit districts.

Bihar seeks relief in interest on crop loans

Infrastructure major IL&amp;FS has replaced the B Ramalinga Raju family as promoters of crisis- hit Maytas Infra and will pump in Rs 55 crore to revive the company.

IL&FS new promoter of Maytas Infra: Khurshid

The government is committed to financial sector innovations and reforms, a senior government official said.

Govt committed to fin sector innovations, reforms: Chawla

State-owned Haryana Power Generation Corporation&nbsp;(HPGCL) has decided to set up a new super critical thermal power plant of 660 Mega Watt capacity at Yamuna Nagar.

HPGCL plans 660 Mw power project in Yamuna Nagar

The Petroleum Ministry today said it will ensure unfettered access to accounts of private oil and gas contractors to Comptroller and and Auditor General (CAG), which earlier expressed ire over the attitude of some of the operators.

Deora assures CAG access to contractors' books

India will begin its first round of consultations with the Swiss government on tracing black money stashed by Indians in banks in that country in December, but there is no guarantee of prosecution of offenders on the basis of information secured from them.

Indo-Swiss talks on black money in Dec

As the country battled swine flu, the pandemic took the lives of two men and a woman in Maharashtra and Uttarakhand, raising the nationwide toll to 102 even as 128 more tested positive for the virus in various states.

Swine flu countrywide toll rises to 102

The government should cover the entire chain of manufacturing medical textile for exports under tax benefits for promoting a promising area of growth in the global market, industry body FICCI said.

Give tax sops on exports of medical textiles: FICCI

The US Federal Reserve has made a whopping $14 billion profit on loan programmes made in the last two years, says a media report.

US Fed made $14 bn profit on loan programmes: report

Across all permanent skilled visa categories, top three occupations for successful applicants were accountancy (6,238), computing professionals (3,879) and registered nurses (3,355) and top three nations under the skill stream were the United Kingdom (23,178), India (20,105) and China (13,927).

20,000 Indians migrate to Australia in 2008-09

Business Standard

On the release of GDP data, leading business chambers said the worst was behind the global economy.

Industry sees turnaround in economy

Insurance sector regulator IRDA today said it is likely to come out with initial public offer (IPO) guidelines by October.

<b>IPO guidelines for insurance companies by Oct: IRDA</b>

Australia today said it has &quot;zero tolerance&quot; for racial attacks on Indian students on its soil and denied that such incidents led to decrease in number of students enrolling in universities in the country.

'Zero tolerance for racial attacks on Indian students in Oz'

Barely a day after Force India's historic podium finish at the Belgian Grand Prix, a war of words broke out between Sports Minister M S Gill and Vijay Mallya on the government's refusal to acknowledge Formula One as a sport.

Gill, Mallya in verbal war on Formula One

The government today said it will soon come out with a uniform and single licence fee for telecom service provider, which is currently between 6 and 10 per cent of the revenue of these companies.

Govt to announce uniform telecom licence fee

A severe drought has the potential to restrict the country's economic growth to 5.5 per cent, the Planning Commission has said.

Drought may restrict growth rate to 5.5%: Plan panel

Students would be given a moratorium on interest for education loans taken from banks sanctioned during 'Education Loan Campaigns', Union Home Minister P Chidambaram today said.

Home Min inaugurates Education Loan Campaign

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