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The U.S. dollar advanced versus several key currencies after a Federal Reserve statement announcing that a number of stimulus to help the economic recovery will be lifted, as according to central bankers, the economy is already showing enough evidences of improvements to allow these measures.

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Gold prices rose for the third day on Friday in spite of the strong dollar, as the ongoing speculation on European central bank stimulus measures lifted demand for the commodity. Gold futures for October 2012 contract, at MCX, were trading at

According to Richard Gibbs of Macquarie Securities reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation Richard Gibbs Global HD, Macquarie More about the Expert Richard Gibbs, Global Head of Macquarie Securities is upbeat on India because he thinks there is room for structural expansion and the demand is much better than anywhere else in the world. According to him reduced crude prices goes in favour of the Indian economy and gives RBI a scope for monetary accommodation. It is also likely to produce some tailwind for the global economy. "It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well." The house remains a buyer on India. What is the sense you are getting. Are we now facing a fairly big challenge to global growth and therefore are risk assets going to head lower? A: I think the International Monetary Fund (IMF) is articulating that fairly well as we move into the IMF World Bank annual meeting in the next few days. It really is a case where the US is I suppose the best if you see IMF's parlance and that's for investors who have been searching for growth is a disappointment. So, now I suspect we are going to have people turning back towards in search for yield and that has become difficult as well with the expansion in quantitative easing measures around the world but most particularly by the European Central Bank of course. At the end of the day lower crude prices are probably growth positive and the issue there is whether they pertaining further disinflationary pressure/deflationary pressure in the major economies. Certainly for an economy like India, cooling in crude prices is a positive. It certainly provides latitude on the trade side but also in terms of the inflation side for the economy as well. It's a bit of a two-edged sword as I suppose in that sense but overall lower crude prices are likely to produce some tailwind for the global eco

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Trade4target : GDP growth at 5.3% in the second quarter Indian economy has grown at 5.3 percent in the second quarter of the fiscal year as against 5.7 percent in the first three quarters and 5.2 percent on a year-on-year basis, the Central Statistics Office data revealed on Friday. The GDP grew at 5.5 percent against 4.9 percent in the first half of the fiscal year-on-year.

Central Govt.:The Finance Ministry is accept two of the three reports submitted to it on the assessment of black money in India and abroad which were commissioned by the UPA government three years ago.

According to the news network on December 12, the US media said that US President Donald Trump and senior Mexican immigration officials made a completely different description of the large number of Central American immigrants stranded on the US-Mexico border on December 11.

NEW DELHI: In order to boost garment exports, the Revenue Department has started the process to operationalise the Rs 5,500-crore ROSL scheme from September 20, under which exporters will be compensated for state levies. Presently, exporters get only duty drawback on the central levies imposed during the process of manufacturing of goods for exports. In a first of its kind move, the Cabinet had cleared Rebate of State Levies (ROSL) on export of garments to refund the State levies which were not refunded so far. "The main objective of the scheme is to provide for remission of State levies in addition to the duty drawback scheme, through the scheme for ROSL on export of garments on an average basis only," the Central Board of Excise and Customs (CBEC) said in a notification.

The U.S. military B-1 supersonic bomber will be suspended temporarily for the time being due to safety reasons. A U.S. military B-1 bomber landed in an emergency on May 1 due to an emergency in flight, and four crew members were not injured. Taiwan's Central News Agency quoted foreign media source

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Union Bank of India Limited Union Bank of India, commonly referred to as Union Bank or UBI, is a central public sector undertaking under the ownership of the Ministry of Finance, Government of India. It has 120+ million customers and a total business of US$106 billion. Duration = 3 months Target Price = 55 INR RecommendationPrice = 40.00 INR Click on the link to open your Demat account and start trading

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