Economy News

EU referendum: British farmers conflicted on whether to cut loose

After decades of generous subsidies from Brussels, some British farmers are starting to think the unthinkable – that they might be better off outside the European Union. Farmers were strong supporters of EU membership when Britons last voted on it in 1975, and for years they flourished as funds flowed into the sector to encourage ever-rising production.

Feb 17, 2016

Govt okays railway projects worth Rs 10,700 crore ahead of Rail Budget

The projects comprise construction of six railway lines and a bridge, and will be mainly funded by institutional finance.

Feb 17, 2016

E-commerce, start-ups to offer highest pay hike in 2016: Survey

An Aon Hewitt survey projected the average salary across all categories to go up by 10.3 percent this year.

Feb 17, 2016

India to save Rs 30,000 crore from fall in coal imports this fiscal

The government is planning to stop importing the kind of coal that is present in the country, coal secretary Anil Swarup told ET.

Feb 17, 2016

PF interest rate hiked to 8.8% for FY16; trade unions upset

The EPFO-proposed rate is higher than the current 8.75%, but lower than 8.95% recommended in January.

Feb 16, 2016

Saudi Arabia, Qatar, Russia and Venezuela agree to cap crude oil output

The decision, which is subject to other oil producers agreeing to the output freeze, failed to lift crude prices.

Feb 16, 2016

Supreme Court asks RBI to provide list of loan defaulters

Provisioning for bad loans by Indian banks rose 29 percent during the December quarter sequentially.

Feb 16, 2016

Railways to cut operational costs, limit working expenses

The railway sector is undertaking various measures to increase its resources.

Feb 16, 2016

US crude jumps as big producers set for Doha meet

Oil exporters Saudi Arabia and Russia, will hold talks together with their counterparts in Doha on Tuesday.

Feb 16, 2016

India's exports fall for 14th straight month in January

The trade deficit for January narrowed to $7.64 billion from $11.66 billion in December 2015.

Feb 15, 2016

SIT asks Modi government to verify if $505 billion was siphoned off between 2004 and 2013

US-based non-profit organisation Global Financial Integrity had estimated the outflow from India while researching illicit financial flows.

Feb 15, 2016

Power sector likely to draw investments worth $1 trillion by 2030: Piyush Goyal

By 2020, the Power Ministry is likely to draw investment to the tune of $250 billion.

Feb 15, 2016

Civil aviation industry to hire 40 lakh people by 2035: Report

The study highlighted a need for skill development programmes across various levels in the aviation sector.

Feb 15, 2016

Banking reforms underway: Arun Jaitley

The finance minister said that the state-run banks should be more professional.

Feb 14, 2016

Cabinet may soon okay first capital goods policy

A draft policy by the Heavy Industry Ministry suggests a rationalised tax structure to facilitate the capital goods sector in the country.

Feb 14, 2016