Economy News

Arun Jaitley meets Prime Minister Modi to finalise next RBI governor

Out-going central bank Governor Raghuram Rajan will exit office on Sept. 4.

Aug 19, 2016

India-US business leaders target $500 billion trade and investment

According to the IACC, stronger economic ties with the U.S. will boost India's GDP and Per Capita Income.

Aug 18, 2016

7th Pay Commission: Salary arrears to Central govt employees estimated at Rs. 34,600 crore

India Ratings has estimated the outgo over salary arrears for seven months and August as per the 7th pay commission proposals at Rs. 34,600 crore.

Aug 17, 2016

FICCI-IBA Annual Global Banking Conference: Here is what RBI governor Raghuram Rajan spoke

RBI governor Raghuram Rajan touched upon many bank-related issues during his inaugural address at the FICCI-IBA banking conference.

Aug 17, 2016

Oil trades at fresh August high on hopes producer action

Oil prices reached their highest levels in more than five weeks on Tuesday.

Aug 16, 2016

7th Pay Commission: Inflation could offset salary hike bonanza for Central government employees

Central government employees and pensioners have not much to cheer from 7th pay comission's salary hike benefit as inflation rises sharply.

Aug 16, 2016

Wholesale inflation doubles, hits 2-year-high in July; sugar, vegetable prices soar

A day after PM Modi's Independence Day speech claiming success over inflation, comes data that WPI inflation doubles to 3.55 percent in July.

Aug 16, 2016

Raghuram Rajan at Ficci: RBI keen to strengthen cyber security

It's time to "closely look" at cyber security at Indian banks and RBI is working towards it, says governor Raghuram Rajan.

Aug 16, 2016

Narendra Modi's Independence Day speech: Prime Minister gets it wrong on inflation

During his Independence Day speech, PM Narendra Modi said inflation has been contained below 6 percent, a factually wrong statement.

Aug 15, 2016

FM gives nod to merge Rail, Union Budget from next fiscal

Finance Ministry accepts Railway Minister Suresh Prabhu's proposal to club Rail and Union budgets.

Aug 14, 2016

Brexit is win-win for India-UK ties, says UK minister Priti Patel

Priti Patel, Secretary of State for International Development, U.K., is on an official visit to India to strengthen ties.

Aug 13, 2016

India's July retail inflation stays above RBI target

The outlook for core inflation remains uncertain due to a shrinking output gap and an expected pick-up in demand-driven price pressures, following full implementation of a major hike in government salaries and pensions.

Aug 12, 2016

Ticketless travel continues to bleed Indian Railways

The menace of ticketless travel is spread across India, as revealed by periodical checks and penalty collected by the Indian Railways.

Aug 12, 2016

Weeks after exiting EU, Britain likely slipping into mild recession

According to a Reuters poll, Britain's economy would contract 0.1% this quarter and in the next, technically meeting the definition of recession.

Aug 11, 2016

7th Pay Commission: Central government employees can expect revised allowances by November

Finance Minister Arun Jaitley informed the Rajya Sabha about the panel to examine the allowances proposed by the 7th Pay Commission.

Aug 11, 2016