Economy News

India: Factory output growth at 3-month high on new orders, export rebound

Factory output growth in India rose to a three-month high on the back of rise in new domestic and export orders.

Jul 1, 2016

Pakistan nationals stash more money in Swiss Banks than Indians, but Chinese way ahead of both countries

Pakistan's nationals have bucked the global trend by stashing 16 percent more in 2015 with reserves of Rs. 10,362 crore in Swiss Banks.

Jul 1, 2016

Istanbul terror attack worsens the already ailing Turkey tourism industry

Eight deadly attacks in Turkey that have killed about 250 people over the last nine months have also crippled the tourism industry.

Jul 1, 2016

Pacific Alliance finance ministers eye financial integration

The ministers said that among the key goals would be to allow pension funds from the countries in the bloc to be able to make a broader range of investments in each other's economies.

Jul 1, 2016

Monsoon gains momentum, keeps hopes alive for agriculture, industry

The June to September monsoon rainfall is crucial to Indian agriculture and in turn drives rural demand for consumer goods.

Jun 30, 2016

World Bank to issue $1 billion to ramp up India's solar generation capacity

The driving force behind the investment is Prime Minister Narendra Modi's commitment toward renewable, particularly solar, energy.

Jun 30, 2016

Rakesh Mohan, Subir Gokarn top contenders for RBI chief post

A decision to appoint the governor candidate is expected to be out by July 15 after meeting between the prime minister and the finance minister.

Jun 30, 2016

Singapore's UOB suspends London property loans after Brexit

Singapore's biggest lender, DBS Group Holdings, said it continued to provide financing for property purchases in London but was advising its customers to be cautious.

Jun 30, 2016

7th Central Pay Commission highlights

The additional financial impact on implementation of all the 7th pay commission recommendations in 2016-17 will be Rs. 1,02,100 crore.

Jun 29, 2016

7th Pay Commision: Hike poised to boost consumption-led growth alongside inflation risk

Normalising commodity prices, extent of monsoonal rains and inflation expectations are the other key concerns on India's economic growth.

Jun 29, 2016

7th Pay Commission: Armed forces disappointed with pay panel recommendations

Former Chief of Army Staff General Roy Chowdhury expressed anger at the Secretariat Panel for failing to do justice with the defence forces.

Jun 29, 2016

7th Pay Commission: Cabinet approves salary, allowances hike for govt employees and pensioners

The Narendra Modi government, at a cabinet meeting on Wednesday, cleared the recommendations of the 7th Central Pay Commission.

Jun 29, 2016

Asia stocks bounce, bonds benefit from the unknown

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 percent to recoup around a third of Friday's stinging loss.

Jun 29, 2016

India's economy cannot remain insulated by low oil price: RBI

Prolonged lower oil prices will make India vulnerable to other repercussions such as reduction in private transfers and remittances.

Jun 28, 2016

Cameron wants EU split to be as constructive as possible

Arriving in Brussels for a meeting of the European Council on June 28, Prime Minister David Cameron said he wanted the process of the UK leaving the European Union to be “as constructive as possible”.

Jun 28, 2016