Economy News

Fuel prices keep falling but looming output cut by S. Arabia, Russia could reverse trend

The oil producers have decided to act after oil dropped as much as 20 percent in one month, after hitting a four-year high in early October.

Nov 12, 2018

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust

Exports shrank in September, 16 out of 30 key sectors were in negative zone

Outbound shipments of as many as 16 key sectors — including rice, tea, coffee, tobacco, engineering, leather, spices, cashew, fruits and vegetables, marine products and gems and jewellery — dipped during the month under review.

Nov 12, 2018

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What was Modi Govt's 'tearing hurry to fix' RBI capital framework?, asks Chidambaram

In a series of tweets, the senior Congress leader slammed the government for allegedly seeking funds from the RBI despite claiming that its (Centre) fiscal math was correct.

Nov 11, 2018

India's strategic petroleum reserves programme attracts overseas players

Major overseas players are interested in India's strategic petroleum reserves programme which the nation plans to expand by adding another 6.5 million tonnes capacity over and above the current 5.33 MT.

Nov 11, 2018

BJP govt greedy, plans to take away RBI reserves, says P Chidambaram

The former Union Finance Minister says that the Modi government needs to understand the roles and functions of the central bank.

Nov 10, 2018

Festive season fails to light up passenger vehicle sales; registers marginal 1.55% growth in October

The month-long period from Navratri to Diwali usually sees increased vehicle sales in India. However, multiple factors, including rising fuel prices seem to have played spoilsport this time.

Nov 10, 2018

Modi govt to sell enemy property shares worth Rs 3,000 cr to boost disinvestment receipts

The move highlights the government's decision to dispose of enemy property which are now estimated at Rs 3,000 crore at current market prices.

Nov 9, 2018

NBFC cash shortage hits real estate sector amid IL&FS episode

The scale of the problem is so humungous that even the sanctioned home loans are not being disbursed.

Nov 9, 2018

Govt. denies move to appropriate Rs 3.6 lakh crore from RBI reserves

"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track," says Economic Affairs Secretary Subhash Chandra Garg.

Nov 9, 2018

Visa and Mastercard losing market share in India to indigenous UPI, RuPay card: Arun Jaitley

PM Modi has said when Indians use RuPay they were serving the country as its transaction fees stay within India and could help build roads, schools, and hospitals.

Nov 9, 2018

Delhi, Mumbai success spurs India plan to privatise six more airports

Experts expect a strong global response to the move as the aviation sector is poised for a major surge.

Nov 9, 2018

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Fed leaves rates unchanged, says US economy strong

Data released in late October showed the U.S. economy grew at a 3.5 percent annual rate in the third quarter.

Nov 9, 2018

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Demonetisation spurred Indian economy's digitisation but issues remain

Whatever the avowed objectives of the controversial demonetization, it did help the Digital India initiative. However, the weak internet infrastructure has affected the government efforts to bridge the digital divide.

Nov 9, 2018

Scars and wounds caused by demonetisation more visible with time: Manmohan Singh

Describing demonetisation as an "ill-fated" and "ill-thought" exercise, Singh said the havoc unleashed on the Indian economy and society is now evident to everyone.

Nov 8, 2018

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Moody's predicts slowdown in economic growth for India in 2019

The agency attributed the reason to the fall in the domestic demand on higher borrowing cost due to rising interest rates

Nov 8, 2018

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Economy News

Fuel prices keep falling but looming output cut by S. Arabia, Russia could reverse trend

Exports shrank in September, 16 out of 30 key sectors were in negative zone

What was Modi Govt's 'tearing hurry to fix' RBI capital framework?, asks Chidambaram

India's strategic petroleum reserves programme attracts overseas players

BJP govt greedy, plans to take away RBI reserves, says P Chidambaram

Festive season fails to light up passenger vehicle sales; registers marginal 1.55% growth in October

Modi govt to sell enemy property shares worth Rs 3,000 cr to boost disinvestment receipts

NBFC cash shortage hits real estate sector amid IL&FS episode

Govt. denies move to appropriate Rs 3.6 lakh crore from RBI reserves

Visa and Mastercard losing market share in India to indigenous UPI, RuPay card: Arun Jaitley

Delhi, Mumbai success spurs India plan to privatise six more airports

Fed leaves rates unchanged, says US economy strong

Demonetisation spurred Indian economy's digitisation but issues remain

Scars and wounds caused by demonetisation more visible with time: Manmohan Singh

Moody's predicts slowdown in economic growth for India in 2019

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react