Economy News

Budget 2016: Finance Minister Arun Jaitley pins hopes on Congress to pass GST Bill

The finance minister also said that there is a sharp divide over fiscal consolidation among economists.

Jan 30, 2016

India has potential to grow at 8 to 9%: Nouriel Roubini

Roubini said that Indian economic reforms process is hindered by the opposition parties.

Jan 30, 2016

Mumbai airport to charge passengers additional fee from April 2016

The additional surcharge will be charged from 1 April, 2016, and will be imposed at least until 31 March, 2021.

Jan 30, 2016

Flyers travelling abroad from non-metro cities boost duty-free shops' sales

Over the next 6-7 years, the Airport Authority of India will invest $12 billion on construction and expansion of non-metro cities' airports.

Jan 30, 2016

India emerges as Dubai's top source country for inbound tourists

Over 1.6 million Indians visited Dubai in 2015.

Jan 30, 2016

Indians third largest buyers of property in US

Canadians reportedly topped the list of investments made by foreign nationals in the US property market in 2015.

Jan 30, 2016

RBI likely to cut policy rate by 25bps next week: BofA-ML

The rate cut could be its final in the current cycle, BofA-ML said.

Jan 29, 2016

Spain economy grows 3.2% in 2015 as record 68.1 million tourists visit

The unemployment rate in the country also fell 2.8% in the fourth quarter.

Jan 29, 2016

Arun Jaitley may tinker with deficit targets to boost growth: Poll

Most of the participants in the poll expect the 2016-17 fiscal deficit to be raised to 3.7% of GDP.

Jan 29, 2016

'Make in India' initiative aiding FDI, central bank says

The country's gross FDI inflows have grown by 31% between September 2014 and November 2015.

Jan 29, 2016

US Fed owns up to global risks in statement shift

The slide in oil prices and slowdown in global growth may change the Fed's bias from implying steady set of future rate hikes.

Jan 29, 2016

Benefits of falling crude oil prices to India 'fading', says economist

The incremental impact of the plunge in oil prices has hit India's exports to oil-producing countries.

Jan 28, 2016

India to face airport capacity crunch by 2025: CAPA

CAPA predicted that India is dangerously under-prepared to handle its air traffic of 556 million by 2025 and needs to invest about $40 billion to improve infrastructure.

Jan 28, 2016

Rupee plunges to new 29-month low of 68.19 to US dollar

Analysts see it as a reaction to the US Fed Reserve leaving interest rates unchanged on Wednesday.

Jan 28, 2016

Gold slips from 12-week high on less dovish Fed

The less dovish tone of the Fed's statement weighed on gold, which had gained on global uncertainties from China to Europe.

Jan 28, 2016