NATIONAL Finance Ministry approves 23 FDI proposals
New Delhi: The government has approved 23 foreign direct investment (FDI) proposals involving Rs 492 crore FDI inflow, including the Rs 460 crore plan of Shell Gas BV to set up a 100 per cent subsidiary in India to market transportation fuels.
BSE: SENSEX gains 10 points in uneven trading
Mumbai: Equities fluctuated erratically with some scoring remarkable gains aiding the SENSEX to close 10 points up in exceptionally choppy trading on the Bombay Stock Exchange (BSE) on October 28 on selective purchases by foreign funds alternated by fresh continued winding up by operators.
ONGC, GAIL to share LPG, kerosene subsidy
New Delhi: The Rs 8,200 crore loss from not increasing domestic cooking gas (LPG) and kerosene prices despite rise in cost will partly be borne by upstream firms Oil and Natural Gas Corporation (ONGC) and Gas Authority of India Ltd (GAIL) and partly recovered from selling petrol and diesel above the cost, Petroleum Minister Ram Naik said on October 28.
INTERNATIONAL IMF releases $ 247.54 mn for Pakistan under PRGF
Washington: Observing that Pakistan's economic performance has been "strengthening", the
International Monetary Fund (IMF) on October 27 approved a $ 247.54 million loan to the country under its Poverty Reduction and Growth Facility (PRGF).
'India to become the third biggest economy by 2050'
Washington: By the year 2050, India is projected to become the third largest economy in the world, behind China and the United States, in that order, according to a recent report by Goldman Sachs.
