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Sugar exports to surge 80% to 20 LT in 2015-16

Sugar exports from India, the world’s second-largest producer, are likely see an over 80 per cent jump to 20 lakh tonnes in 2015-16 marketing year, even as the production is set to drop by 9 per cent. Sugar mills have…

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Govt allows 49% FDI in insurance under automatic route

Seeking to attract more foreign investment, the government has relaxed FDI norms for insurance sector by permitting overseas companies to buy 49 per cent stake in domestic insurers without prior approval. Currently, FDI up to 26 per cent is permitted…

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Maharashtra hikes general VAT rate marginally

The Maharashtra government has marginally increased the general VAT rate from 5 to 5.5 per cent in the State budget. The increase is in anticipation of revenues losses when Goods and Services Tax (GST) gets implemented. Finance Minister Sudhir Mungantiwar…

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IMF says Panama needs to stick to stronger deficit controls

Panama should follow more effective deficit controls, an International Monetary Fund (IMF) commission said late on Friday, citing waivers and extensions that could threaten to undo recent gains in reducing the country’s debt. Valerie Cerra, head of the IMF commission…

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India, Peru to expedite launch of FTA talks

India and Peru are trying to fast-track launch of negotiations on a free trade agreement (FTA) with both sides examining how ambitious the pact should be. ?In a recent meeting in Lima, the two sides discussed the possible areas the…

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