Economy News

Saudi Arabia plans to impose income tax on foreign workers: Report

The move could hit nine million foreign residents, including three million Indians. Saudi economy has been hit due to falling crude oil prices.

Jun 8, 2016

RBI Governor Rajan says never had 'even one serious disagreement' with FM Jaitley

RBI Governor Raghuram Rajan also says a response to BJP MP Subramanian Swamy's attacks on him are not "deserving".

Jun 8, 2016

Modi US visit 2016: Jeff Bezos says Amazon to invest $3 billion more in India

PM Narendra Modi promises more reforms at USIBC's CEO round-table; Jeff Bezos says Amazon to invest $3 billion in India.

Jun 8, 2016

Asian shares near six-week high on oil, Fed expectations

The gains were led by 2.1 percent gains in energy shares.

Jun 8, 2016

How RBI Governor Raghuram Rajan views the global economy

Rajan said outlook on emerging market economies remains challenging on account of geo-political tensions and high volatility in financial markets.

Jun 7, 2016

RBI Monetary policy: Rajan holds rate but inflation reference suggests hawkish policy

The unchanged rate signals the prospect of another cut later this year if monsoon rains dampen upward pressure

Jun 7, 2016

US asks China to remove barriers for foreign business

U.S. business groups have also complained about new Chinese regulations which favour local firms.

Jun 7, 2016

Steering committee to analyse, recommend restructuring of PSU banks' bad loans

The banks were asked to propose a "commercially prudent" mechanism for loan settlements.

Jun 6, 2016

Ease of doing business: India jumps 13 positions in one year to rank at second in 2016

The Global Retail Development Index (GRDI) 2016 places India at 2nd position in the list of 30 developing countries.

Jun 6, 2016

PM Modi 'unhappy' with 'blue-eyed boy' Suresh Prabhu over delays in redevelopment of stations, Rail University

Narendra Modi expressed unhappiness over little "visible progress" with regard to redeveloping railway stations, augmenting ad revenues.

Jun 6, 2016

Compensation for flight delays, cancellations may be doubled

In April, 1,149 passengers were denied boarding by the airlines and compensation worth of Rs. 40 lakh was paid to them.

Jun 6, 2016

Saudi Arabia's reform plan 'Vision 2030' approved by economic council

Deputy Crown Prince Mohammed bin Salman will be put before the cabinet the Vision 2030 reforms plan for approval on Monday.

Jun 6, 2016

China promises to improve laws, Govt services to boost private investment

China is counting on its private sector to invest more in the economy as the government tries to shift away from state-run heavy industry.

Jun 5, 2016

India will double its investment in clean energy research in five years: Harsh Vardhan

The investment will go up from $72 million to $145 million in the next half decade, the minister said at a meet in the U.S.

Jun 4, 2016

India in talks with Bangladesh over developing Payra sea port

Bangladesh reportedly cancelled an agreement with China regarding the Payra port, and instead, was ready to hand it over to India.

Jun 4, 2016