Economy News

Brent crude oil prices dip on US profit taking

Brent crude oil prices dipped in early Asian trading hours on Friday, but remained near two-month highs with Brent still holding above $50 per barrel in a bull-run.

Aug 19, 2016

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

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013

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

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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

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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

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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

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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

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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

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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

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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

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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