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About 9 results for "fy 2009 10"

IOC raises oil import from Iran to 5 MT for FY'17

Indian Oil Corp, the nation's biggest oil firm, has raised crude oil import from Iran to four fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased. "We have contracted to import 5 million tonnes (MT)of crude ... The Financial Chronicle, 5 hours ago
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All's not well with the Indian economy, cautions Citigroup

A strong investment recovery is essential for India to sustain high GDP growth rates in the medium term It has been a bumpy road to recovery for the Indian economy as the average investment index for fiscal year 2015-16 is almost 35 per cent lower than the peak of the earlier cycle in financial year 2006-07, says a Citigroup report. According to the global financial services major, the monthly investment indicator improved smartly in February-March 2016 to a five-year high level on the back of ...
 Rediff.com3 weeks ago
Rediff.com

CAG red-flags $1.6 bn excess cost recovery by RIL

CAG had in its previous reports slammed Oil Ministry and its technical arm DGH for not exercising enough control and vigil over KG-D6 block, leading to instance of excess cost recovery. Government auditor CAG has red-flagged $1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block and took note of state-owned ONGC's gas flowing into the eastern offshore fields of the Mukesh Ambani-led firm. The Comptroller and Auditor General of India (CAG), in a report tabled in ...
 Rediff.com4 weeks ago CAG red-flags $1.6b excess cost recovery by RIL  The Financial Chronicle4 weeks ago

CAG flaws public debt system

The national auditor has pointed out several lacunae in the public debt management system, including inconsistencies in figures reported by the finance ministry and the Reserve Bank of India. Accordingly, the auditor has recommended setting up a central ...
 The Financial Chronicle1 month ago

Not out of mud yet

Tractor manufacturers are set for a big time this year, as monsoon has started covering the initial deficit of June with bountiful of rains all across the country, inducing farmers to plant more crops, so far, than last year. But a complete recovery is not ...
 The Financial Chronicle1 month ago
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Tamil Nadu: In debt, state faces pressure to implement pay hike

This time, five states, including Tamil Nadu, have requested the Centre to delay the pay hikes. The Tamil Nadu government, which is witnessing financial stress due to high debt, may come under more pressure when it implements the recommendations of the Seventh Pay Commission.  “We have to get the order from the central government before starting the process. I can’t comment (on) anything now,” said K Shanmugam, additional chief secretary to the government, ministry of ...
 Rediff.com1 month ago

Fly!

For India, sky is the limit, literally. Consider these salacious statistics. If every middle class Indian takes merely one flight a year, it will prop up annual air ticket sales four-fold to 35 crore from an estimated 8.5 crore at the end of 2015-16. It that ...
 The Financial Chronicle1 month ago

A sip at a time

In the last two years, more than Rs 2,500 crore in equity funds has flown in monthly through the mutual fund’s systematic investment plan or SIP. This figure, in 2014, stood at Rs 1,000 crore per month. Surprised? You should not be because increasingly for ...
 The Financial Chronicle2 months ago
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