Briefly Business: ‘Libya,Syria unrest impac-ted fertiliser subsidy bill’

The unrest in Libya and Syria has more than doubled the fertiliser subsidy bill from Rs 40,000 crore to Rs 90,000 crore,Finance Minister Pranab Mukherjee said

Written by Press Trust Of India | Published:April 2, 2012 12:52 am

‘Libya,Syria unrest impac-ted fertiliser subsidy bill’

Kolkata: The unrest in Libya and Syria has more than doubled the fertiliser subsidy bill from Rs 40,000 crore to Rs 90,000 crore,Finance Minister Pranab Mukherjee said on Sunday. “I am directly impacted because these fertilisers are not produced in India. We have to import these totally,” Mukherjee said.

Motor insurance premium to go up from today

New Delhi: Owners of cars,commercial vehicles and two-wheelers will have to pay more towards insurance with enhanced motor insurance rates coming into effect from Monday.

Panasonic to make all handsets overseas: report

Tokyo: Japan’s Panasonic is considering shifting all its production of mobile phone handsets overseas as early as this summer,the Nikkei daily reported on Sunday.

‘Banks can save R300 cr annuals with to RuPay’

Mumbai: A switchover to RuPay,the Indian version of Visa or MasterCard,can help domestic banks save as much Rs 300 crore annually in transaction fees,says National Payments Corporation.

WalMart to source more farm items from India

New Delhi: WalMart’s 50:50 joint venture with Bharti Enterprises — Bharti Walmart is looking to engage 25,000 farmers in India by 2015 up from 4,000.

DoT pulled up for delay in resolving BlackBerry issue

New Delhi: A Parliamentary panel has pulled up Department of Telecommunication for delay in resolving the BlackBerry phone issue on concerns that security agencies are unable to get messages transmitted from it in a readable format.

Pirojsha takes over reins of Godrej Properties

New Delhi: Godrej group Chairman Adi Godrej’s son and Executive Director of Godrej Properties,Pirojsha,has taken over as MD & CEO of the firm. He takes over from Milind Korde,who resigned on March 3.

Aviation contributing 0.5% of GDP: study

New Delhi: A study conducted by Oxford Economics for IATA has said aviation sector is currently contributing Rs 33,000 crore or 0.5% of India’s GDP and supporting 1.7 million jobs in the country.

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