Falling Rupee is a great cause of concern: Pranab

NI Wire,    Sun, 20 May 2012
Ruling out the rumours that Indian government is doing nothing to check the depreciation of Rupee, Finance Minister Pranab Mukherjee said, "Steep fall in the rupee is a great cause of concern and we are watching the situation not sitting idle.".......

India's forex reserve dropped by $1.37-billion

NI Wire,    Sat, 19 May 2012
Amid continuously depreciating Indian currency 'Rupee' as international currency 'Dollar', India's foreign exchange reserve (forex) dropped by US $1.37-billion, official data reflects it........

Rupee hits all time low; FM stresses on austerity

NI Wire,    Wed, 16 May 2012
The depreciating rupee today hit all time low at Rs.54.46 as against one US dollar and gave a warning signal to India. However Indian Finance Minister Pranab Mukherjee has appealed for austerity as the situation will improve if eurozone crisis would slow down........

India decides to cut 11% crude oil imports from Iran

NI Wire,    Tue, 15 May 2012
Amid mounting pressure from United State, Indian government has decided to reduce crude oil imports from Iran by 11.1%, sources say.............

DTC bill to be introduced in next Parliament session: FM

NI Wire,    Tue, 15 May 2012
The proposed Direct Tax Code (DTC) bill will be introduced in the next session of Parliament, said Finance Minister Pranab Mukherjee on Tuesday in Rajya Sabha while presenting Finance Bill 2012...........

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