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Prithviraj ChavanMaha plans exit option for SEZs, to turn land into local parks

Mumbai, May 17: Maharashtra is in the process of preparing an exit policy for SEZ developers and then convert the surrendered land-banks into local industrial parks, as the Centre is unlikely to rollback its decision to tax such clusters, Chief Minister
RupeeRupee recovers from record low, up 27 paise against USD

Mumbai, May 17:  After plunging to a record low in yesterday's trade, the rupee recovered by 27 paise to trade at 54.23 against the dollar on the Interbank Foreign Exchange market in early trade today on selling of US currency by
Petrol HikePetrol likely to see Rs 5/litre hike, diesel Rs 3

New Delhi, May 17: Petrol is likely to see Rs 5 per litre hike, while diesel by Rs 3 per litre after the Parliament's budget session ends on May 22 owing to the losses suffered by oil companies.Talking about the price
Pranab MukherjeeUnpopular austerity measures on way, says Pranab Mukherjee

New Delhi, May 16: Worried over deteriorating global economic situation and its impact on India, the government on Wednesday announced that it would resort to "unpopular" austerity measures to deal with fiscal problems but made it clear there is no pressing of
2G ScamGovt decided on inviting limited bidders: Former Trai chief

New Delhi, May 16: A former chief of TRAI today told a Parliamentary panel that the decision to invite limited bidders for the telecom regime change in 1999 was taken by the government and the regulator had no role in it.
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