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Govt backs banks' entry into commodity futures trading
The government is set to remove the legal hurdle in the entry of banks into commodity futures trading, despite the Reserve Bank of India’s reservations on the issue. Banks can now trade in shares, bonds and currencies, but Section 8 of the Banking Regulation Act prohibits them from trading in goods. But, the finance ministry has now supported the consumer affairs ministry’s proposal to

India's exports may rise to $500 bln by 2014 - trade min
- India's exports are likely to accelerate to $500 billion by 2014, Trade Minister Anand Sharma said on Friday, from $303.7 billion in the fiscal year that ended in March.

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Govt makes Dharmadhikari report public
Civil Aviation Minister Ajit Singh on Friday made public a report framed by a panel formed to look into the problems created due to the merger of national carriers Air India and Indian Airlines.

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Exports may rise to $500 bln by 2014: Sharma

India's exports are likely to accelerate to $500 billion by 2014, Trade Minister Anand Sharma said on Friday, from $303.7 billion in the fiscal year that ended in March. Exports are expected to grow

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Good response to nation-wide bandh in state

The nation-wide bandh called by National Democratic Alliance (NDA) on Thursday evoked good response in BJP-ruled Gujarat and remained largely remained peaceful, except for a few sporadic incidents

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CAG raps UP for high cost of tax collection
The Comptroller and Auditor General (CAG) has come down heavily on the Uttar Pradesh government for higher cost of tax collection when compared to the national average.

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