Economy News

India's retail inflation eases to 5.18% in February

Food prices eased considerably to 5.30 percent from 6.85 percent last month, bringing inflation well within the RBI's target of six percent.

Mar 14, 2016

Trinity of India, Asia, IMF can spur world economy: Arun Jaitley

Ease of doing business and rationalising taxation are still a work in progress, the finance minister said at the IMF's Advancing Asia Conference.

Mar 14, 2016

Govt rules out excise duty rollback, invites jewellers for talks

The indefinite strike by jewellers will continue till the excise duty is completely withdrawn, according to the India Bullion and Jewellers Association.

Mar 14, 2016

'Revised pension benefits under OROP paid to ex-servicemen,' says Govt

The revised pension along with arrears wasdeposited March 1, the defence ministry said in a statement Monday.

Mar 14, 2016

Interest rates on small savings could go down, again

The small savings products are sold through post offices.

Mar 14, 2016

IMF chief bullish on India, Asia

Asian economies led by India will be a major growth driver in future, International Monetary Fund chief Christine Lagarde said.

Mar 14, 2016

Falling food prices seen easing retail inflation in Feb

Raghuram Rajan could soften monetary stance after Finance Minister stuck to a fiscal deficit target of 3.5 percent of GDP for next fiscal year.

Mar 14, 2016

Prime Minister inaugurates rail projects worth Rs 7,200 cr in Bihar

The prime minister unveiled a rail-cum-road bridge in Munger and laid the foundation stone of an additional bridge at Mokama over the Ganga river.

Mar 13, 2016

Govt to set up 20 water recycling plants along Ganga

Recycled water from the plants would be used at 13 railway stations and a refinery in Mathura.

Mar 13, 2016

Sebi bars wilful defaulters from accessing stock markets

Under Indian law willful defaulters are firms or individuals "who deliberately thwart repayment of dues to lenders"

Mar 12, 2016

Pakistan's trade deficit rises 4.22% to $15 billion

The country's cumulative exports for the 8-month period ended February declined 13.26 percent to $13.87 billion, government data showed.

Mar 12, 2016

Economy is recovering, process is volatile, says RBI governor Raghuram Rajan

Raghuram Rajan says the markets and the RBI are comforted by the government's commitment to fiscal consolidation.

Mar 12, 2016

'India's star shines bright,' says IMF chief Christine Lagarde; PM Modi calls for realistic quotas

At the IMF's "Advancing Asia" event in Delhi Saturday, Lagarde hailed the Narendra Modi-led government's "Make in India" and "Digital India" campaigns.

Mar 12, 2016

China central bank to keep policy flexible to counter possible shocks

The central bank is trying to keep liquidity flush to support the economy and cushion it from impact of structural reforms.

Mar 12, 2016

India's forex reserves up $4 billion during week ended March 4; Sensex, rupee gain

The reserves had dropped by $3.57 billion in the week ended Feb. 26, the sharpest since August 2014.

Mar 11, 2016