Economy News

IMF to identify holdings of China's yuan in reserves surveys

The move will aid China's effort to secure a bigger role for its currency by revealing quarterly reserve holdings of yuan among the 188 IMF member countries.

Mar 5, 2016

China lowers 2016 growth target, announces lowest defense budget increase in 6 years

China set a growth target of 6.5-7 percent in 2016.

Mar 5, 2016

JNU student leader Kanhaiya Kumar goes full throttle at Modi sarkar

The JNU student leader says Constitution can't be "doctored" and nationalism can't be "patented".

Mar 4, 2016

India can grow at 9% if states perform: NITI Aayog CEO Amitabh Kant

Kant admitted certain liquidity constraints caused by some stressed companies and banks, but hoped the budget proposals could iron them out.

Mar 4, 2016

Indian tourists contributed Rs 5,400 crore to Australian economy in 2015: Report

The number of Indian tourists visiting Australia rose 18.6 percent in 2015 to 2,33,100 from 1,97,000 in the previous year.

Mar 4, 2016

Rupee gains for sixth straight day on higher dollar inflows

The domestic currency has been appreciating in tandem with a rally in stocks since March 1.

Mar 4, 2016

Gyan Sangam II: FM Arun Jaitley likely to unveil M&A road map for state-owned banks

The two-day conclave that kick-starts on Friday will be addressed by Jaitley and RBI Governor Raghuram Rajan.

Mar 4, 2016

Govt to repair British-era bridges in Rs 50,000 crore project

Under the Setu Bharatam project, 208 over-bridges and underpasses will be constructed in the first phase at the cost Rs 10,200 crore.

Mar 3, 2016

Govt may hike gas prices for ONGC, Reliance Industries by 60%: Report

The aim is to help the companies for their undeveloped gas discoveries in difficult areas, the PTI reported.

Mar 3, 2016

India to end Five-Year Plans, to opt for a three-year framework

The National Institute for Transforming India (NITI AAYOG) has proposed a three-year programme to replace Nehruvian India's five-year socialist model.

Mar 3, 2016

India Inc to adopt Mahabalipuram temple, Khajuraho monuments, Lodhi garden, Sun temple

It is part of an effort by India under a dedicated fund to preserve heritage sites and places of cultural importance.

Mar 3, 2016

India to grow at 7.5% in FY17, says IMF

However, it warned that unfavourable global environment and a slow investment recovery could be disruptive.

Mar 2, 2016

Indian cement industry faces multiple headwinds

Besides weak domestic demand, Indian cement manufacturers are complaining of cheap imports from Pakistan and China.

Mar 2, 2016

World Bank approached to set up Railways Infra Development Fund

Suresh Prabhu said the government has allowed 100 percent foreign direct investment in various sectors of the railways.

Mar 2, 2016

Budget 2016: No anti-dumping duty on tyre imports from China

Truck and bus radial tyre imports from China rose 63 percent during April-December 2015, YoY, according to the government data.

Mar 2, 2016