Economy News

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

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

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

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

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

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

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

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

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

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

India needs to be extremely vigilant over rupee, rising fuel prices: PM Modi's economic panel member

Finance ministry officials said reducing the fiscal deficit may be difficult as India heads into the election year, but the government could consider raising import duties on some electronic items and ease rules for foreign investors.

Sep 14, 2018

Wholesale inflation drops to four-month low of 4.53%

India's annual rate of inflation based on wholesale prices eased to 4.53 per cent in August from a rise of 5.09 per cent in July, official data showed on Friday.

Sep 14, 2018

'Next global financial crisis could trigger a 50% plunge in emerging market stocks'

In India, the projected fall in energy prices could be a silver lining amid the gloom of the next meltdown.

Sep 14, 2018

Amazon CEO Jeff Bezos launches $2 billion fund for homeless, low income families

Bezos said in remarks to the Economic Club of Washington that it is "really really hard" for a child to catch up if they fall behind in their early years.

Sep 14, 2018

US offers fresh trade talks with China

The two economic superpowers have already imposed tariffs of 25 per cent on more than $50 billion of each other's exports this year.

Sep 13, 2018