Rediff Money News

Have you seen India's Pandora? NGO asks Cameron
Survival International, a London-based NGO, has appealed to the director of the Hollywood blockbuster Avatar, James Cameron, to lend his support in fighting against London-listed mining and metals major Vedanta Resources from setting up its aluminium plant in Orissa.

Centre mulls domestic sugar ban for bulk users
The Centre, under attack for rising sugar prices, is weighing the option of asking bulk consumers, like makers of sweets, soft drinks, fruit juice, chocolate, ice cream and biscuits, to use only imported refined sugar instead of buying domestic supplies.

Stimulus drawback likely on higher GDP growth
Advance estimates of national income growth released today by the Central Statistical Organisation (CSO) project it at 7.2 per cent in 2009-10, pegging it a notch below earlier forecasts of the Reserve Bank of India (7.5 per cent) and finance ministry (7.75 per cent). With economic growth back on track the government may initiate a phased withdrawal of the fiscal stimulus package.

Govt may peg fiscal deficit at 6.1% for 2010-11
Finance Minister Pranab Mukherjee might aim for a fiscal deficit of 6.1 per cent of the GDP for the year 2010-11, although he has been stressing on the need to keep fiscal deficit at 5.5 per cent of the GDP in 2010-11 and 4.0 per cent in 2011-12. The current year's fiscal deficit is estimated to be at 6.8 per cent levels.

Delivery of Prius in India on schedule: Toyota
So far the company has got orders for 54 units of Prius from customers in India.

East India Company to sell tea, coffee in London
Items to be stocked include furniture, chocolates, leather goods, fruit pickles and sushi.

India's growth likely to exceed China's: Official
India and China are the world's two fastest growing economies, coming out of the global financial crisis relatively unscathed.

Why do prices rise during Congress rule, asks BJP
Bharatiya Janata Party president Nitin Gadkari on Monday held Prime Minister Manmohan Singh and Agriculture Minister Sharad Pawar responsible for the unprecedented rise in food prices in India.

ICICI to compensate for wrongly claiming Rs 1.19l
The ICICI bank accused him of spending money to the tune of Rs 1.19 lakh by using platinum credit card but Kumar denied the allegations, saying that he had never received the said card.

All about Cadbury's silk route
A dominant leader in the volume segment, the company's latest move is designed to strengthen its presence in the value market as well.

Turkish Airlines takes 3 Jet aircraft on lease
Turkish Airlines is the national airline of Turkey and has already taken four Boeing 777 aircraft on lease from Jet Airways.

Tyres: Cut Customs duty on raw materials
Remove anomaly of higher customs duty on inputs by cutting the customs duty on natural rubber, other inputs and on tyre manufacturing machinery and / or hike in customs duty on tyres.

Cement: Give abatement on excise duty
Surplus scenario emerges despite double digit growth in demand on accelerated capacity additions; seeks abatement of excise duty on cement, removal of customs duty on inputs.

Sugar: Govt to focus on rising prices
Riding on the rising price scenario, the sugar sector can hardly expect any benefit from the Union Budget 2010-11.

Retail sector seeks industry status
We expect the outlook of Union Budget 2010-11 on retail sector be positive. The much needed industry status grants to retail industry will boost the industry in many aspects.

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