Economy News

A look at Urjit Patel, previous governors of Reserve Bank of India

On Sept. 4, 2016, Urjit Patel took over as the 24th governor of the Reserve Bank of India. Here is a look at few previous RBI governors.

Sep 5, 2016

Nitin Gadkari's former OSD named in Maharashtra irrigation scam

The chargesheet is related to irregularities in over Rs 100-crore work of the Ghodazari branch of the Left Bank Canal (LBC) of Gosikhurd dam.

Sep 5, 2016

Tourism Investors' Summit 2016: India to showcase projects for improving infrastructure

The three-day Tourism Investors' Summit aims to lure both Indian and foreign investors to develop tourism infrastructure across the country.

Sep 5, 2016

Services sector growth hits record high in August

After manufacturing activity growth, services sector grows to a 3.5 year-high, reveals PMI data for August.

Sep 5, 2016

Theresa May aims to make UK global leader in free trade, will hold talks with Modi

The British PM will also hold talks with Xi Jingping, Vladmir Putin and Barack Obama during the G20 summit.

Sep 4, 2016

Raghuram Rajan bids farewell to RBI, says new governor will carry forward the work on inflation

In his last speech at the RBI, Rajan urged the government to elevate the ranking of the governor and also defended the need to ensure independence of the apex bank.

Sep 4, 2016

Rising oil import costs may become Asia's growing pain

Asia's net oil imports are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.

Sep 4, 2016

$5 billion fund for railway infrastructure projects coming soon

The proposed Railways of India Development Fund (RIDF) will soon be placed before the Cabinet for its approval.

Sep 4, 2016

ED attaches Vijay Mallya's assets worth Rs. 6,630 crore in bank fraud case

So far, the total attachment made by the agency in the case has now gone up to over Rs. 8,000 crore.

Sep 3, 2016

Ranking of India's bank governor should be raised: Raghuram Rajan

Rajan said the ranking of the RBI governor, currently at cabinet secretary level, needed to be commensurate with the role.

Sep 3, 2016

India offers $500 million worth credit line to Vietnam for defence cooperation

India and Vietnam earlier signed 12 agreements.

Sep 3, 2016

Bharat Bandh impact: Assocham pegs losses at Rs. 18,000 crore

Industrial production and businesses were affected in the states of Karnataka, Uttar Pradesh and Haryana.

Sep 3, 2016

Bharat bandh: Sept. 2 strike likely to cause loss of more than Rs. 25,000 crore

A similar strike last year on Sept. 2 paralysed normal life in many parts of India besides causing a loss running into thousands of crores, as estimated by Assocham.

Sep 1, 2016

India's manufacturing PMI hits 13-month high in August

The country's manufacturing PMI rose to 13-month high in August to 52.6 on the back of domestic and export orders, according to IHS Markit Nikkei India PMI.

Sep 1, 2016

Jet fuel prices fall 3.8% in September, aviation stocks rise

The new aviation turbine fuel prices will be effective from September 1.

Sep 1, 2016