Economy News

Thomas Piketty says Brexit would be political suicide for UK

Rock star French economist made remarks at announcement his book Capital will be turned into a film.

May 14, 2016

NITI Aayog's new 15-year vision to replace Five-Year Plan from 2017

The new vision will include internal security, defence and sustainable goals alongside the social and economic goals.

May 14, 2016

Stronger dollar weighs on oil; Dow drops 1 percent

Wall Street closed lower, with the Dow down 1 percent, as oil's decline dragged on energy shares.

May 14, 2016

Foreign exchange reserves fall $1.13 billion to $362 billion

India's foreign exchange reserves fell from $363.12 billion to close at $361.99 billion in the week ended May 6, according to RBI data.

May 14, 2016

India's April trade deficit falls to $4.8 billion

India's export for April 2016 also fell for the 17th month in a row.

May 13, 2016

Raghuram Rajan evinces interest in 2nd term, says there is 'always more to do'

The governor recently said that he had not heard from the government on extension of his term at the central bank.

May 13, 2016

EU referendum: IMF warns Brexit could lead to sizeable losses in income

IMF warns the UK Brexit could lead to prolonged uncertainty and sizeable losses in income.

May 13, 2016

Konkan Railway to spend Rs. 20,000 crore to improve operations: Report

Projects worth Rs. 20,000 crore are being implemented on the 741-km railway line to enhance efficiency, a Konkan Railway official told FE.

May 13, 2016

RBI modifies shareholding norms for Indian private banks

Promoters (natural persons) can now hold 15 percent as against 10 percent earlier, according to the amended guidelines issued by the RBI.

May 13, 2016

Railways withdraws the Rs. 4 crore estimate sent to Latur for 'water train'

In the last one month, the railways has provided about six crore litres of water to Latur.

May 13, 2016

India's retail inflation snaps easing trend, interest rates seen on hold

Consumer price inflation, which the RBI targets in setting interest rates, rose at a faster-than-expected pace, to 5.39 percent last month.

May 13, 2016

India's bad loans could get worse before better: Report

Increasing provisions by banks to cover for bad loans will hurt profits and stop credit growth, in turn slowing the economy.

May 12, 2016

Indian Railways announces creation of non-fare revenue directorate to boost earnings

The non-fare revenue directorate's (NFR) mandate is to enhance non-tariff income by 10 to 20 percent, said Indian Railways.

May 12, 2016

10 lakh bank employees to go on nationwide strike on July 29

The employees are planning to protest against the government's proposed reforms in the banking sector.

May 12, 2016

UN retains India's economic growth projections for 2016, 2017

India is expected to grow at 7.3 percent and 7.5 percent post in 2016 and 2017, says UN in its latest report.

May 12, 2016