INTERNATIONAL US submits zero tariff plan, India calls it 'unfair' Geneva: India has strongly opposed the US proposal submitted to the WTO (World Trade Organisation) for eliminating tariffs on industrial and consumer goods by 2015, terming it "clearly unfair" and against interests of developing countries.
NATIONAL Bull-run ends, SENSEX down by 40.22 pts Mumbai: The prevailing bull-run was arrested on the Bombay Stock Exchange (BSE) on December 3 as emergence of profit booking by institutional investors and operators pulled down equity prices and the SENSEX reacted down sharply by 40.22 points to close at 3230.14.
Economy to grow by 5-5.5 per cent, priority to FDI New Delhi: Government on December 3 forecast that economy would grow by 5-5.5 per cent despite widespread drought in the country and promised to accelerate economic reforms including disinvestment and foreign direct investment (FDI).
IRDA against hike in FDI limit in insurance New Delhi: The Insurance Regulatory and Development Authority (IRDA) is against hiking of foreign direct investment (FDI) limit in the sector to 49 per cent as it might render Indian promoters to lose management control in their insurance ventures after 10 years.
Growth in infrastructure signals economic upturn New Delhi: The Mid-Year Economic Review on December 3 said signals of marked upturn in economic activity were evident from the impressive growth achieved by six core and infrastructure industries in the first seven months of 2002-03.
Share prices drop within 30 min of trading Mumbai: After resuming on a firm note, share prices reacted downwards in 30 minutes of trading at early stages on the Bombay Stock Exchange (BSE) on December 3 on profit booking by operators.
