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Monthly News July 2014

Revenue collection expected to exceed ta...

Revenue collection expected to exceed target this fiscal: Jaitley

After missing target in the last financial year, the government on Monday exuded confidence that tax collection during the current fiscal would exceed budget estimate of Rs. 13.64 lakh crore. “Revenue collection targets fixed for 2014-15 will not only be achieved but also surpassed,” Finance... read more »

Honda launches MPV Mobilio at Rs 6.49 la...

Honda launches MPV Mobilio at Rs 6.49 lakh onwards

Japanese car maker Honda Motors today launched its much-awaited multi-utility passenger vehicle (MPV) Mobilio in India. It will come in both diesel as well as petrol variant. Petrol versions are priced between Rs 6.49 lakh and Rs 8.76 lakh, while diesel versions will be priced between Rs 7.89 lakh... read more »

Xiaomi Mi3 sold out in half hour on Flip...

Xiaomi Mi3 sold out in half hour on Flipkart

Speaking volumes about India’s love for smartphones, the first batch of Xiaomi’s Mi3 handset were sold out within about half an hour of it going on sale on Flipkart. In fact, the volume of traffic to the e-commerce giant’s website due to the selling of the device caused it to crash... read more »

20 killed in eastern Libya clashes

20 killed in eastern Libya clashes

At least 20 people were killed in clashes between extremist militias and army forces in Libya’s eastern city of Benghazi, Libyan media reported on Tuesday. A suicide attack on a military base late Tuesday in Benghazi killed at least four people, Libyan news agency al-Tadhamun reported. The double... read more »

Chasing black money, India gets Swiss invite for discussions

As India steps up pressure on Switzerland for details of alleged black money stashed there, Swiss authorities have invited Indian officials to Berne to discuss further cooperation in these... read more »

Power production falls short of target by 8 billion units

Power generation fell short by nearly 8 billion units of the target of 975 billion units in the last financial year. “Electricity generation by the utilities was targeted at 975 billion... read more »

Gold extends gains on safe-haven bids

Gold prices on Friday rose further by Rs. 150 to Rs. 28,500 per ten gram in the national capital, tracking robust international markets as investors took shelter in precious metal on fears... read more »

World Bank chief to meet Modi, review key development priorities

World Bank Group President Jim Yong Kim will meet Prime Minister Narendra Modi this week to understand his development priorities. Mr. Kim, who arrives in New Delhi on Monday on a three-day... read more »

College girl gang-raped

A 19-year-old college girl was on Friday gang raped by four youths after tying her 24-year-old male friend to a tree in a grove at Rayakottai village of Denkanikottai taluk in Krishnagiri district.... read more »