EGoM to consider Thursday ONGC, Oil India buying IOC stake

Last Updated: Wednesday, January 15, 2014, 17:38

The Empowered Group of Ministers, headed by Finance Minister P Chidambaram, will meet Thursday to decide on government's 10 percent stake sale in Indian Oil Corporation (IOC).

Economy will get back to high growth path in three years: FM

Last Updated: Wednesday, January 15, 2014, 17:27

India's economic growth slipped to decade low of 5 percent in 2012-13 and in the current fiscal it estimated to be around the same level. It grew by over nine percent before it was hit by the global crisis of 2008.

Fiscal deficit will be contained at 4.8% of GDP: Chidambaram

Last Updated: Wednesday, January 15, 2014, 17:04

Chidambaram expressed his "unflinching commitment" to contain the fiscal deficit, at a time when the deficit in the first eight months of the fiscal year has touched 93.9 percent of the full-year target.

Plan to open 10,000 bank branches a year from next fiscal: FM

Last Updated: Saturday, January 11, 2014, 22:41

As part of taking banking services to rural areas, the Centre has revised its target upwards to opening 10,000 new bank branches a year, according to Union Finance Minister P Chidambaram.

Blackflag demo against Chidambaram foiled; 7 students held

Last Updated: Saturday, January 11, 2014, 18:22

Seven law students were arrested here today as police foiled their plan to show blackflags to Union Finance Minister P Chidambaram protesting the "attack" and arrests of Tamil Nadu fishermen by Sri Lankan Navy.

Min panel to discuss alternatives next week for IOC share sale

Last Updated: Saturday, January 11, 2014, 18:16

With Petroleum Ministry opposing disinvestment of IOC in the market, a ministerial panel is likely to meet next week to look at alternatives like selling its shares to other oil PSUs.

India-S Korea infra development summit in Mumbai on Jan 20

Last Updated: Saturday, January 11, 2014, 12:13

The event will see a delegation of about 20 South Korean companies visiting Mumbai to foster trade relations with the Indian counterparts, an official release said.

Uttar Pradesh need 278 runs, Karnataka need 9 wickets to reach semis

Last Updated: Friday, January 10, 2014, 21:17

Uttar Pradesh came back strongly to keep their hopes alive for an interesting finish as they needed another 278 runs with nine wickets in hand to register an outright victory over Karnataka in the Ranji Trophy quarter-final at Chinnaswamy stadium, here today.

IOC stake sale decision deferred after Oil Ministry opposition

Last Updated: Thursday, January 9, 2014, 17:32

A group of ministers headed by Finance Minister P Chidambaram today deferred a decision on disinvestment in Indian Oil Corp (IOC) following strong opposition to the stake sale by the Oil Ministry.

India seeks South Korean investment in infra sector

Last Updated: Wednesday, January 8, 2014, 19:07

Committing to deepen economic reforms, Finance Minister P Chidambaram today asked the South Korean companies to take advantage of the investments opportunities in the Indian infrastructure sector.

FM to meet South Korean Deputy PM tomorrow

Last Updated: Tuesday, January 7, 2014, 21:04

Besides, both the sides will also discuss about cooperation between the two countries under multi-lateral framework, including the G-20 and the East Asia Summit (EAS) and direction of bilateral collaboration, it added.

FM promises insurance claims to farmers in Ramanathapuram

Last Updated: Tuesday, January 7, 2014, 18:42

AIC has about 83.8 percent of the amount required to satisfy the claim to all the eligible farmers, he said, adding that the balance amount will be released on receipt of the remaining contribution.