Economy News

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

India's industrial output slows by 1.5 % in January

The manufacturing component of the index slumped by 2.8 percent, pulling down the entire index.

Mar 11, 2016

Real Estate Bill: Positive but risks remain

The complex nature of land laws in India will make the implementation of the real estate bill difficult, says Kotak Equities.

Mar 11, 2016

Rise in bank credit growth won't be sustainable, say analysts

Both lenders and borrowers have constraints, limiting credit growth, says analysts at Nomura and DBS Bank.

Mar 11, 2016

Govt approves Navy's proposal to buy 2 rescue subs worth Rs 1,900 cr: Report

The Navy's proposal of buying the rescue submarines has been hanging for the last 15 years.

Mar 11, 2016

Vijay Mallya case: No lapses in initiating action against former United Spirits chairman, says State Bank of India

In a statement on Thursday, India's biggest lender listed a series of steps taken to recovery the overdue loans.

Mar 10, 2016

RBI may lower rates on prudent budget, subdued inflation

The RBI may cut key policy rates on April 5, a Reuters poll found.

Mar 10, 2016