These guidelines recognize the fact that even though tsunami is a low probability event, it is capable of resulting in enormous loss of lives, loss of property, assets and public infrastructure in the coastal areas.
These Guidelines are an important step towards comprehensive tsunami risk management in India, by developing resilience to face future tsunamis [...]

The Union Service Public Commission (UPSC) has recommended 87 candidates from Civil Services Examination, 2008.  The results of the Civil Services (Main) Examination, 2008 was declared vide Press Note dated 4th  May, 2009 recommending 791 candidates in order [...]

The government corrected the first-quarter economic growth rate number as measured by market transactions in less than 32 hours, as an error nearly damaged the credibility of its statistics and raised doubts about the much-touted growth story.
The Central Statistical Organization, or CSO, nearly tripled the initially estimated growth on the demand side to 10%, from [...]

According to the latest data by the Apparel Export Promotion Council (AEPC) here on 1st September, 2010, garment exports during July were down by as much as 22.5 per cent. In absolute terms, these have come down to $816 million from $1,053 million during the corresponding month last year.
The drop is on top of a [...]

Private companies in the US slashed as many as 10,000 jobs in August, in yet another indication that economic recovery is faltering.
The ADP National Employment Report released 1st September, 2010, showed that the American private sector cut 10,000 jobs last month, with most of the industries reducing their head count.
The report is maintained by Macroeconomic [...]

The UN Food and Agricultural Organization (FAO) says that world food prices have risen to their highest level in two years.
It says the increase is due partly to a drought in Russia and to government export restrictions which have brought about a surge in the price of wheat.
The Rome-based agency says that its food price [...]

Exports grew by 13.2 per cent to USD 16.24 billion in July compared to the same period last fiscal, posting growth for the ninth month in a row.
Imports too jumped by 34.3 per cent to USD 29.17 billion in July compared to the same month last fiscal, according to the official data released on 1st [...]

Economy grew by an impressive 8.8 per cent during the quarter ended June on the back of robust manufacturing growth.
However, certain sectors like financial services restrained the growth in economy, which had recorded 6 per cent growth rate in April-June 2009-10.
Agriculture and allied activities grew by 2.8 per cent, higher than 1.9 per cent in [...]

Agriculture and allied sectors grew by 2.8 per cent in the first quarter of 2010-11 fiscal, higher than 1.9 per cent in the same period last year.
In 2009-10 fiscal, the agriculture and allied sector had recorded the lowest growth in five years, at 0.2 per cent, due to widespread drought that affected almost half of [...]

Investment in equity-linked mutual fund schemes and ULIPs will now be less profitable for investors, with the government proposing to levy a 5 per cent tax on the dividend paid by these entities.
At present, there is no DDT applicable to equity fund schemes or insurers on income distribution to unit or policy holders.
This norm is [...]

The Indian auto market is amongst the fastest growing in the world. World famous automobile companies have been entering the market with India-specific products, much to the joy of customers.
The recent data shows that as the global economy emerges out of recession, the automobile sector in India has emerged to be amongst the best performing [...]

The Direct Taxes Code (DTC) Bill proposes to raise the exemption limit for imposing wealth tax to Rs 1 crore from Rs 15 lakh at present, a move that will help a lot of taxpayers avoid the levy.
The Rs 1 crore limit proposed in the Direct Taxes Code Bill, however, is much less that the [...]

The Ministry of Panchayat Raj and the Confederation of Indian Industry (CII) have come up with a unique Public-Private-Panchayat Partnership structure to establish a direct connection between the rural economy and Indian industry. The new Rural Business Hub (RBH) initiative aims at expanding rural prosperity, non-farming income and employment. RBH has been conceptualized to synergistically [...]

The Direct Taxes Code Bill, introduced in the Lok Sabha on Monday, has sought to bring a slew of benefits for both individual tax-payers and domestic corporate from April 1,2012.
The lower end of the taxpayers will benefit the most. They account for 90 per cent of the income-tax payers. Even those earning over Rs 8 [...]

India and Switzerland on 30th Aug, 2010 signed a treaty that will enable exchange of information on tax evaders, considered a must for getting details on unaccounted funds stashed away by Indians in Swiss banks.
The treaty is a revised version of the existing Double Taxation Avoidance Agreement between India and Switzerland and was signed by [...]