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Economy News

Alibaba's Jack Ma and Donald Trump

Alibaba's Jack Ma calls US-China trade frictions a mess, warns of two-decade-long impact

Ma said trade tensions would likely impact Chinese and foreign companies immediately and negatively. Sep 18, 2018
Arun Jaitley

Central govt merges Bank of Baroda, Vijaya Bank and Dena Bank; all you need to know

The proposal was made after the trade was closed with Bank of Baroda ending 0.41% to Rs.135.10 on Bombay Stock Exchange (BSE). Vijaya Bank rose 0.93% to Rs 59.80 while Dena Bank tanked 0.62% to Rs 15.95. Sep 18, 2018
Indian rupee tax evasion

Karnataka has the richest MLAs in India with annual income of Rs 1.1 crore

According to the Association for Democratic Reforms (ADR), on an average, a male MLA's annual self-income is Rs 25.85 lakh whereas, for a female MLA, it is Rs 10.53 lakh. Sep 18, 2018
rupee

Indian rupee has lost 11% value against US dollar in last one year, says IMF spokesperson

Gerry Rice said the IMF continues to assess the impact of demonetization on an ongoing basis. As with most things, there have been pluses and there have been minuses of demonetization, he said. Sep 18, 2018
Donald Trump

Trump admin may introduce additional tariffs worth $200 billion on China: Report

Ever since Donald Trump has assumed office, he has demanded China to cut its $ 375 billion trade surplus with the United States. Sep 17, 2018
Rising fuel prices

Karnataka govt to reduce petrol, diesel prices by Rs 2 per litre amid rising fuel rates in the country

Earlier on September 10, Karnataka's neighboring state, Andhra Pradesh also slashed the prices of petrol and diesel by Rs. 2. Sep 17, 2018
Baba Ramdev and PM Narendra Modi

Rise in fuel price will prove costly for Modi govt in 2019 elections, says Yoga guru Ramdev

Ramdev also said he would not campaign for the BJP in the 2019 elections, unlike in 2014 when he actively worked in favor of Prime Minister Narendra Modi. Sep 17, 2018
A road sign is seen next to Bombay Stock Exchange (BSE) building in Mumbai

Foreign portfolio investors cautious, pull out Rs 9,400 crore from capital markets

The reasons could be attributed to widening current account deficit due to a surge in oil prices and depreciating rupee. Sep 16, 2018
BJP president Amit Shah addresses at "Prabudhajan Sammelan" in Noida, Uttar Pradesh on June 30, 2016.

Govt will soon fix fuel price hike, rupee devaluation: BJP president Amit Shah

Some incidents have happened at an international level - US-China trade war, the tension behind US and oil manufacturing nations," Shah said while addressing a press conference here. Sep 15, 2018
A woman buys wheat from a government-run ration shop

Human Development Index report shows glaring inequalities in India

The value of India's Inequality-adjusted HDI (IHDI) tanked to 0.468, which is a 26.8 per cent decline. This value is far worse than the global average decrease in the global HDI value which fell by 20 per cent. Sep 15, 2018
Indian railways, Railway coolies, India rail porters, coolies

Forced Employment? Millions of engineers apply for gangman's job in Indian Railways

This is not the first the first time that people having technical degrees are applying for such low qualification-required jobs. The exam held by Railways Recruitment Board (RRB) on 31st August for 1.27 lakh posts also witnessed a huge number of overqualified people applying for the job Sep 15, 2018
Iran Oil

India's oil imports from Iran to decrease further

The United States is under the process of imposing new economic sanctions after the Trump administration decided to pull out of the nuclear deal with Iran. Sep 15, 2018
Arun Jaitley

Finance ministry swings into action; announces measures to CAD and rupee depreciation

Despite strong GDP growth, the rupee has weakened about 11 per cent this year amid higher oil prices and an emerging markets sell-off. Sep 15, 2018
India GDP agriculture gdp estimate rural demand

Afghanistan seeks agriculture tie-ups with India

The current bilateral trade between India-Afghanistan is $900 million and expected to touch $2 billion by 2020. Sep 15, 2018
Arun Jaitley with Narendra Modi

Finance Minister Arun Jaitley outlines measures to stem fall in rupee

The moves follow sharp declines in the rupee, the worst-performing Asian currency this year. Despite strong GDP growth, the rupee has weakened about 11 percent this year amid higher oil prices and an emerging markets sell-off. Sep 15, 2018
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