Economy News

Govt may hike gas prices for ONGC, Reliance Industries by 60%: Report

The aim is to help the companies for their undeveloped gas discoveries in difficult areas, the PTI reported.

Mar 3, 2016

India to end Five-Year Plans, to opt for a three-year framework

The National Institute for Transforming India (NITI AAYOG) has proposed a three-year programme to replace Nehruvian India's five-year socialist model.

Mar 3, 2016

India Inc to adopt Mahabalipuram temple, Khajuraho monuments, Lodhi garden, Sun temple

It is part of an effort by India under a dedicated fund to preserve heritage sites and places of cultural importance.

Mar 3, 2016

India to grow at 7.5% in FY17, says IMF

However, it warned that unfavourable global environment and a slow investment recovery could be disruptive.

Mar 2, 2016

Indian cement industry faces multiple headwinds

Besides weak domestic demand, Indian cement manufacturers are complaining of cheap imports from Pakistan and China.

Mar 2, 2016

World Bank approached to set up Railways Infra Development Fund

Suresh Prabhu said the government has allowed 100 percent foreign direct investment in various sectors of the railways.

Mar 2, 2016

Budget 2016: No anti-dumping duty on tyre imports from China

Truck and bus radial tyre imports from China rose 63 percent during April-December 2015, YoY, according to the government data.

Mar 2, 2016

Moody's cuts China's rating outlook to negative

The agency said the Chinese authorities' credibility to implement reforms is at risk due to incompletion or partial reversal of some reforms.

Mar 2, 2016

Budget 2016: Analysts hail FM Arun Jaitley's commitment to fiscal discipline

The fiscal commitment was also cheered by Indian stock markets that soared over 3.30 percent on Tuesday.

Mar 1, 2016

RBI likely to cut key lending rate by 50bps this year: UBS

The status quo on the fiscal consolidation path has created room for RBI to cut interest rates in the coming months.

Mar 1, 2016

February auto sales: Royal Enfield volumes up 63% in February, exports double

Eicher Motors sold 49,156 units of Royal Enfield in February 2016, as against 30,240 units in February 2015.

Mar 1, 2016

February car sales: Maruti Suzuki registers 1% decline, exports plunge 12%

India's largest car maker sold 117,451 cars in February 2016, as against 118,551 units in the same month last year.

Mar 1, 2016

Petrol, LPG cylinder cheaper; diesel, ATF to cost more from Feb. 29 midnight

The revised prices come on a day when the government presented its budget for FY2017.

Feb 29, 2016

Budget 2016: Increased excise duty on jet fuel may lead to hike in airfares

The hike in excise duty on jet fuel has drawn criticism from industry experts and airlines.

Feb 29, 2016

Budget 2016: FM Arun Jaitley almost halves disinvestment target to Rs 36,000 crore for FY2017

The target was Rs 69,500 crore for FY2016, of which the government could garner about Rs 18,300 crore till Feb.29.

Feb 29, 2016