India has replaced the US as the second most important foreign directive investment (FDI) destination for transnational corporations during 2010-2012

Inadequate regulation was one of the reasons for the sharp rise in private sector debt in many countries, prior to the global financial crisis

Poland invited Indian industry to invest in the country with a slew of incentives for setting up operations in manufacturing and the services sectors

India's net direct tax receipts in the first five months of the fiscal year rose 13.91 percent to 1 trillion rupees from a year-ago

Seafood exports grew by about 22 per cent to $ 170 million (Rs 790.55 crore) in July compared to the same month last fiscal, thanks to increasing demand from markets like Japan and the US.

Prime Minister Manmohan Singh said he appreciated the Supreme Court's sentiment behind its suggestion about distributing foodgrain free to the poor, but made it clear that it was not a practical idea.

Nearly a dozen villages in Punjab's Ropar district were flooded as the overflowing Satluj river breached its banks near Laudipur village, officials said Monday.

There may be more to prime minister Manmohan Singh?s apparently benign decision to solicit the opinion of states on food minister Sharad Pawar?s sugar sector de-regulation proposal.

Economic advisor to the finance ministry Kaushik Basu threw his weight behind labour reforms, saying the industrial labour disputes Acts needs to be recast to help increase employment.

A decision is likely to be taken at the Economic Intelligence Council meeting scheduled for this month to be chaired by finance minister Pranab Mukherjee.

Industry body Assocham has said that India may miss the $200 billion export target for 2010-11 due to sluggish demand in Europe.

Govt's upward correction of growth estimates from the demand side for the first quarter of this fiscal have reduced apprehensions that the economy might slow down.

Maharashtra attracted maximum foreign inflows at $1.53 billion and accounted for 35 per cent of the country's total FDI during April-June this fiscal.

The probe would look into the imports between January 2009 and March 2010 (15 months) and its subsequent impact on the local industry, he said.

Government has set up an expert group to devise better methods to achieve convergence of MGNREGA activities with that of various water conservation and management programmes.

There may be more to prime minister Manmohan Singh?s apparently benign decision to solicit the opinion of states on food minister Sharad Pawar?s sugar sector de-regulation proposal.

Inadequate regulation was one of the reasons for the sharp rise in private sector debt in many countries, prior to the global financial crisis

Poland invited Indian industry to invest in the country with a slew of incentives for setting up operations in manufacturing and the services sectors

According to the report, about 7-8 per cent of households are pushed below the poverty line because of expenses incurred on health care.

Prime Minister Manmohan Singh said he appreciated the Supreme Court's sentiment behind its suggestion about distributing foodgrain free to the poor, but made it clear that it was not a practical idea.

The governing council of the Indian Premier League cricket tournament today increased the purse size of franchises for auction of players and decided on the number of players that could be retained by teams in the coming seasons.

The integrated action plan for the Naxal-affected areas is likely to be finalised in the next two weeks.

Terms creation of thousands of private jobs as positive news.

Pakistans High Commissioner to the UK, Wajid Hasan, today criticised International Cricket Council (ICC) Chief Executive Haroon Lorgat and President Sharad Pawar, saying he sensed a conspiracy behind the suspension of three Pakistani cricket players facing allegations of spot-fixing.

The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.

While the tax burden for an average taxpayer will lighten marginally, for tax evaders the Direct Taxes Code (DTC) proposes to reduce penalties substantially. The DTC Bill, tabled in Parliament on Monday, proposes that anyone under-reporting their tax base would have to pay a maximum penalty of two times the tax sought to be evaded.

The Supreme Court today decided to review its 1996 judgement in the Bhopal gas case, following which a local court had imposed a two-year jail sentence on Keshub Mahindra and six others who were executives of Union Carbide at the time of the tragedy. The apex court has issued notices to the accused and informed the attorney-general.

The Supreme Court on Tuesday clarified that it was an order, not a suggestion, to the government to distribute free of cost foodgrain rotting in godowns. Tell your minister that distribution of rotting foodgrain was a part of our order and not just an observation, a two-judge bench of Justices Dalveer Bhandari and Deepak Verma told Additional Solicitor-General Mohan Parasaran, who represented the agriculture ministry.

Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.

Levies up for women taxpayers, investors in Ulips and SEZ developers.

This is the first of a four-part special series on the countrys critical, yet significantly delayed, submarine development programme.

NPPAs price analysis findings could result in a mechanism to check the cost of medicines.

Forget the traffic snarls or the crowded local trains. Mumbaikars staying at Borivali could take the waterway and reach Nariman Point in 45 minutes flat while enjoying the Arabian Sea breeze.

There is a fresh ray of hope for the new airport at Panvel in Navi Mumbai, with the environment and civil aviation ministries attempting to bridge their differences over the project.

As key world capitals scrutinise the Nuclear Liability Bill, passed by the Lok Sabha on Wednesday, for word on how the new legislation would affect potential civil nuclear agreements with India, a senior Union minister has said that private suppliers could still sign agreements with the Nuclear Power Corporation of India (NPCIL) clearly stating that their responsibility ended with the handover of equipment and other material to the operator.

Bill is scheduled to be tabled in Parliament on Monday.

The UPA government today successfully shepherded the Civil Liability for Nuclear Damage Bill, 2010, through the Lok Sabha, with active support from the BJP and strategic absence of some fence-sitters such as the Samajwadi Party.

In a setback to its plans, metals and mining major Vedanta Resources today failed to get environmental clearance for its $1.7-billion (Rs 7,820-crore) bauxite mining project in the Niyamgiri hills of Orissa.The ministry of Environment and Forests rejected Stage-II forest clearance for the project in Lanjigarh, Kalahandi and Rayagada districts.

India Inc today expressed deep reservations over the supplier liability provision the contentious Clause 17(b) in the Civil Liability for Nuclear Damages Bill, 2010, saying it would seriously hinder nuclear commerce.

But fiscal constraints limit Sharmas largesse to Rs 1,000 crore.