Sugar Farming Increases for Quick Profit (March 31, 2006)
More and more Indian farmers are switching from traditional crops of vegetables, pulses, and cereals to sugarcane because of the quick profit they can make from this cash crop.<More>

India 4th World GDP Growth Engine (March 30, 2006)
In continuing euphoria, the Indian economy was fourth largest contributor to incremental global GDP growth at 3.2% after the US, China, and Japan; it raced past Germany, France, and the UK in this key indicator.<More>

Major Gains in Food Processing (March 30, 2006)
Indian food processing industry is now valued at USD 92 billion and the Government says that more money from the 8-10% growth is reaching the farmers directly because of production innovations such as contract farming.<More>

India & GCC in new Partnership (March 28, 2006)
India and 6 Gulf Cooperation Countries (GCC) entered a new era of partnership with a free trade agreement (FTA) and framework agreement for economic cooperation.<More>

Cut Back in "Target Plus" Scheme   (March 28, 2006)
The Government's plan to cut back on its Target Plus program for iron ore, sugar, and rice exporters is raising the anger levels of these exporters.<More>

India Not Part of Asian Currency Unit (March 27, 2006)
Despite the size, growth, and potential of their economies, India, Australia and New Zealand will not be part of an Asian Currency Unit (ACU) being created by for ASEAN countries but will include China, Japan, and South Korea. <More>

Manufacturing Grows with Globalization (March 27, 2006)
Globalization over the last 14 years has tripled manufacturing production with more than 1/2 of produced goods being exported to mainly other Asian and African nations.<More>

Energy Deficit India Sparks Mega Projects  (March 25, 2006)
Energy deficiency in India is seeing large investments in mega projects in refinery, pipeline installations, new power generation projects, power line grid deployment, and even private sector nuclear plants.<More>

Govt to Release Spectrums, Boost Telecom (March 22, 2006)
Prime Minister Manmohan Singh said that his Government would release a part of the spectrum that it owns.<More>

India’s Stable Democracy Will Quell Chaotic Surface (March 21, 2006)
Professor of International Business at Tuck School of Business at Dartmouth College Vijay Govindarajan said that India represents a chaotic surface and stable democracy while China has a stable surface but a chaotic foundation.<More>

Suzlon Buys Hansen for USD 656 for Wind Energy (March 18, 2006)
Suzlon Energy Limited, makers of windmills, announced the acquisition of the second largest wind energy and industrial gear box maker, Belgium-based Hansen Transmissions International NV for USD 565 million.<More>

Indo-Sino Trade Boom May Eclipse Indo-US Trade ((March 17, 2006)
Commerce Minister Kamal Nath said if the 30% growth trend in Indo-Sino trade continues, it will eclipse Indo-US trade and make China India’s largest trading partner.<More>

Govt to Control Export of High Quality Iron Ore ((March 16, 2006)
Government is likely to control the export of high quality iron ore to build domestic reserves so a string of major steel projects can achieve their targets.<More>

Government Plans to Export Sugar   (March 15, 2006)
Ministry of Food and Agriculture says that sugar production from Uttar Pradesh has exceeded the target 18.1 million tons (mt) by .4 mt and is allowing the export of this quantity to Pakistan <More>

Indian Exports May Hit USD 100 Billion in a Month (March 15, 2006)
Moving in line with long-term goal of doubling India’s share of world’s trade in 5 years, going by recent export trends, value of Indian exports would be close to the USD 100 billion mark.<More>

Indo-Mauritius Hydrocarbon MoU (March 14, 2006)
India and Mauritius signed a Memorandum of Understanding (MoU) to explore for hydrocarbons off Mauritius.<More>

ONGC, Mittal Energy JV? (March 11, 2006)
Indian oil major Oil and Natural Gas Corporation (ONGC) revealed plans to start a joint venture with steel baron Lakshmi Mittal to buy energy stakes around the work valued at USD 15 billion.<More>

NALCO Plans More Takeovers (March 10, 2006)
In a surprise move, a state owned Aluminum smelting plant near Kalimantan has formally requested Indian Public Sector Utility (PSU) Company National Aluminum Corporation (NALCO) to take over its plant. < More >

Kalam to Iron out Myanmar Gas Deal (March 09, 2006)
President Abdul Kalam is traveling to Myanmar and would try to further the natural gas deal with that country now stalled because of unsure transport mechanism. <More>

India, Australia Aim to Enhance Ties (March 08, 2006)
The Australian Prime Minister John Howard is visiting India to enhance its economic and technological ties.<More>

India-Australia Signs Trade & Economic Framework (March 08, 2006)
India and Australia are to sign a new Trade and Economic Framework that will facilitate a more balanced and comprehensive development of bilateral trade between the two countries. <More>

India, Australia to Sign MoU (March 05, 2006)
Australian Prime Minister John Howard will visit India this week and is expected to sign a Memorandum of Understanding (MoU) to cover defense, customs cooperation, trade, economic framework, and biotechnology.<More>

Large Gas Reserve Find (March 04, 2006)
A consortium of Oil and Natural Gas Corporation (ONGC), Reliance Industries, and Great Eastern Energy Corporation discovered 6 trillion cubic feet of gas reserves below the coal seams. <More>

New Petro & Gas Regulatory Authority (March 03, 2006)
Petroleum Minister Murli Deora introduced a new Petroleum and Natural Gas Regulatory Board Bill in the Rajya Sabha (Upper House of the Parliament) to create a new regulator of downstream petroleum and natural gas investments.<More>

Australia Gets Wheat Contract (March 02, 2006)
Australia has beaten the US to supply the 500,000 tons of wheat to Southern States. <More>

FM Presents “Election Year” Budget (March 01, 2006)
Finance Minister P. Chidambaram presented the much-anticipated budget that looked and felt like an election-year budget. Therefore, with the economy doing well, the thinking seems to not do much; consequently, the budget is very unimaginative.<More>

Larger Investments in Agri, Energy and Infrastructure? (February 28, 2006)
On the eve of the much anticipated budget, the Government economic survey called for large investments in agriculture, energy, and infrastructure and called for fiscal discipline and economic and labor reforms.<More>

BSNL Plans 60m GSM Lines (February 27, 2006)
Government owned Bharat Sanchar Nigam Limited (BSNL) is planning to invite bids for 60 million GSM lines valued at USD 4.5 billion. <More>

55 Oil Exploration Blocks Offered (February 24, 2006)
In the largest ever effort to attract investments in oil and natural gas exploration, the Government is offering 55 oil exploration blocks and 10 coal bed methane blocks for bidding.<More>

FBT to Track Corporate Malpractice (February 23, 2006)
Experts are questioning the Constitutional validity of the controversial Fringe Benefit Tax (FBT), which may force the Government to either withdraw it or amend the Income Tax Act of 1961.<More>

IT to Track Down Bank Depositors (February 17, 2006)
The Finance Ministry has worked out modalities where banks will report a list names and permanent account numbers (PAN) of customers who earn less than Rs. 5000 interest. <More>

North-South and East-West Road Project Progress Slow (February 15, 2006)
Despite allocations of money, award of contracts, and public claim of success, the North-South and East-West road corridor project, connecting the corners of India remains a distant team.<More>

Stock Market Takes a Beating (May 19, 2006)
The Indian Stock Market index SENSEX tumbled 826 points or 6.77% in the worst ever correction (in point terms) since 1992 prompted by a slew of international events, ill-informed reporting, Foreign Institutional Investor (FII) selling, and Government fumbles.<More>

India wants TAPI  (May 19, 2006)
With a dead-on-arrival Iran-Pakistan-India (IPI) pipeline, India signaled strong interest in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project that will transport natural gas for a severely energy deficient and rapidly expanding India.<More>

Service Tax Collections Up  (May 18, 2006)
The Chief Controller of Accounts reported that Service Tax collection went up 62.83% year on year from USD 3.19 billion to USD 5.19 billion.< More>

Textiles Gearing Up, Cotton Bear Hugged  (May 17, 2006)
In a proactive move, the Government is preparing a series of measures that will benefit the Textiles industry and remove clogs to increase its competitive against the Chinese when trade restrictions on China will be lifted by 2008.<More>

Steel Projects Suffer as Govt Plans Ore Export  (May 17, 2006)
Major steel projects announced largest year with much publicity have reportedly not started because of administrative difficulties and iron ore supply issues while the Government plans to export high quality Iron Ore to China and Japan.<More>

No Price Reduction Proposal from Cement Manufacturers  (May 16, 2006)
Commerce and Industry Minister Kamal Nath announced that cement manufacturers will supply cement for Government projects at a 5% discount and increase production but did not say what proposals the manufacturers had to keep the price down. < More>

500% Growth Projection for Insurance  (May 15, 2006)
An Associated Chambers of Commerce & Industry (ASSOCHAM) study projected a 500% growth in value of insurance policies from USD 10 billion to USD 60 billion by 2010 with rural and semi-urban communities contributing to most of the growth.< More>

Industrial Growth Slow Down  (May 15, 2006)
Government data suggested that industrial growth slowed to 8% from 8.4 because of steep fall in mining and slower year-on-year growth in electrical and manufacturing sectors.< More>

Chinese Counterfeit Indian Brands; (May 12, 2006)
Chinese counterfeit manufacturers have managed to duplicate several well-known Indian brands to close perfection and selling them all over the world including India.< More>