Economy News

india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty

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

demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

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

OPEC President Suhail Mohamed Al Mazrouei

In yet another U-turn, OPEC to consider cuts in oil production next year

The development has come at the backdrop of rising oil prices during the summers and political pressure from US President Donald Trump resulting in Saudi Arabia, Russia and other producers increasing the outputs.

Nov 8, 2018

China fails to reveal if it offered financial aid to cash-starved Pakistan

A day after Khan's four-day China visit ended, Pakistan's Finance Minister Asad Umar said that Beijing has offered $6 billion loans Islamabad to resolve country's economic crisis.

Nov 8, 2018

Arun Jaitley takes on demonetisation critics; calls it a key step to formalise economy

Congress has launched a campaign using hashtag '#DestructionByDemonetisation'. And responding to the campaign, the BJP has started a Twitter war by using hashtag #CorruptCongressFearDemo.

Nov 8, 2018

From Kejriwal to Manmohan, Opposition leaders train guns on BJP over demonetisation

On the second anniversary of the ban on Rs 500 and Rs 1,000 currency notes, the Congress called it a "black day" for the democracy and national economy, while the CPI-M termed it the "biggest scam in the history".

Nov 8, 2018

new rs 1000 note, new series of rs 1,000 note, rbi new currencies, demonetisation, note ban, rbi updates on note ban, pm modi

PM Modi's demonetisation drive a 'black day' for India's democracy, economy: Congress

On November 8, 2016, the Centre had declared Rs 500 and Rs 1,000 notes as non-legal and introduced new Rs 500 and Rs 2,000 notes.

Nov 8, 2018

steel production in india, steel production japan, steel exports by india, steel imports by india, india news, steel, tata steel, factory, iip, indian economy, gdp

India suffers WTO setback in Japan's steel tariff dispute

India fears a WTO ruling on safeguard tariff following a Japanese challenge on steel import duty will have an impact on import from other sources

Nov 8, 2018

Indian Bank raises Rs 110 crore through bonds

According to the statement, the credit rating assigned to these bonds is "CRISIL AAA/Stable" and "CARE AAA".

Nov 7, 2018

Centre demands one third of RBI reserve, RBI says no

The issue is related to the Centre seeking transfer of Rs.3.6 lakh crore that is more than a third of the total Rs.9.59 lakh crore reserves of RBI.

Nov 6, 2018

Raghuram Rajan defends RBI call for autonomy

Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.

Nov 6, 2018

Rupee recovers 21 paise against US dollar in early trade

The dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers said.

Nov 6, 2018

Reserve Bank of India bought 37% of gold reserves in Q3 of 2018: WCD report

RBI has bought 21 tonnes of gold between January to September, with the highest purchase in the Q3. Currently, the total gold reserves with RBI is 566 tonnes.

Nov 5, 2018

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Economy News

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

In yet another U-turn, OPEC to consider cuts in oil production next year

China fails to reveal if it offered financial aid to cash-starved Pakistan

Arun Jaitley takes on demonetisation critics; calls it a key step to formalise economy

From Kejriwal to Manmohan, Opposition leaders train guns on BJP over demonetisation

PM Modi's demonetisation drive a 'black day' for India's democracy, economy: Congress

India suffers WTO setback in Japan's steel tariff dispute

Indian Bank raises Rs 110 crore through bonds

Centre demands one third of RBI reserve, RBI says no

Raghuram Rajan defends RBI call for autonomy

Rupee recovers 21 paise against US dollar in early trade

Reserve Bank of India bought 37% of gold reserves in Q3 of 2018: WCD report

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