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Government sets up board to boost manufacturing
New Delhi, June 3 (IANS) The government Sunday announced a board to help operationalise the national manufacturing policy that aims to create 100 million additional jobs and boost the share of manufacturing in the country's GDP to 25 percent in the next 10 years from the current around 16 percent. The new board called Manufacturing Industry Promotion Board (MIPB), will be headed by Commerce and Industry

US employers waiting and watching before hiring
Business has picked up. Yet American companies are too nervous to step up hiring.

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News Summary: US factory growth slowed in May

: U.S. manufacturing activity grew more slowly in May, according to the Institute for Supply Management. The trade group of purchasing managers said its manufacturing index fell to 53.5, down from

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Cost of new homes to rise under new Calif. rules

The cost of building a new home in California is expected to go up under tighter energy efficiency rules that follow in the state's long tradition of aggressive environmental standards, including

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High interest rates, fuel prices hit car sales in May

Passenger vehicle sales in the domestic market continued to remain weak in May, with major auto manufacturers reporting either a decline or marginal growth in volumes. If the latest figures are

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PM's office to track investment, speed up mega projects

The government on Friday announced the setting up of an investment-tracking mechanism to expedite the implementation of big-ticket projects. Within 24 hours of the release of economic growth data,

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