Economy News

January retail inflation hits 17-month high at 5.69%, below RBI's target of 6%

India's central bank had targeted 6 percent retail inflation by January 2016 and had tweaked its key policy rate accordingly.

Feb 12, 2016

Residential property launches fell 20% in 2015, says Colliers International

Delays in clearances, combined with other factors, caused the decline, says the report.

Feb 12, 2016

India's fuel demand up 12.7% in Jan, rises at fastest pace in 3 months

Fuel consumption in India surged 12.7 percent to 15.71 million tonnes.

Feb 12, 2016

Rupee closes at 68.30, near all-time low of 68.85 to the US dollar

On Aug.28, 2013, the rupee fell to a new depth and recorded its biggest single-day fall since October 1995.

Feb 11, 2016

Govt may hike service tax to 16% in this budget: Report

The existing service tax rate is 14 percent, excluding 0.5 percent levied under Swachh Bharat cess.

Feb 11, 2016

Insurance, pension benefits for workers in unorganised sector likely soon

The smart card will provide pension and insurance benefits to about 40 crore people employed in unorganised sectors.

Feb 11, 2016

UAE's Adnoc to store crude oil in India's strategic facility: Report

Adnoc will stock 0.75 million tonnes of crude oil in the Mangalore facility, of which 0.5 million tonnes will be for India.

Feb 11, 2016

Abu Dhabi keen to invest Rs 35,000 crore in Indian highways

India will award 104 highways through the toll-operate-transfer model, and Abu Dhabi may take up 50 of them.

Feb 11, 2016

RBI may cut repo rate by 25 bps in April: Nomura

Nomura said it would be important to watch what measures the government takes for fiscal consolidation in the budget.

Feb 10, 2016

E-commerce market in India may reach Rs 3.4 lakh crore by 2020

Around 60 percent of e-commerce sales would come from the travel segment, while electronics may contribute to about 30 percent of the sales.

Feb 10, 2016

Direct tax collection to fall short of budget estimates by Rs 40,000 crore, says Modi government

Tax collections till January 2016 reached 73 percent of FY2016 target.

Feb 10, 2016

UAE crown prince Sheikh Mohammed bin Zayed Al Nahyan on 3-day India visit from 10 February

The two countries are expected to sign about 16 agreements, including a pact on civil nuclear cooperation.

Feb 9, 2016

Global oil demand growth likely to fall sharply in 2016, says IEA

A slowdown in China, Europe and the United States will keep global oil demand growth muted in 2016.

Feb 9, 2016

US Food and Drug Administration rejected 13,334 Indian products

Reasons for rejection include packaging, labelling, misbranding and high residue levels.

Feb 9, 2016

RBI panel recommends guidelines for bond options

The working group, set up by the RBI, has called for introducing a call and put option format for trading over-the-counter.

Feb 9, 2016