Economy News

Indian Oil hikes price of non-subsidised LPG cylinder by Rs 50

The new rate will be applicable from 1 January, 2016.

Jan 1, 2016

Andhra Pradesh CM Chandrababu Naidu's capital city plans hit roadblock

The state government has asked approval for diversion of over 19,000 hectares of forest land for the capital city in Amravati.

Jan 1, 2016

ECBs, NRI deposits push India's external debt by $8 billion to $483.2 billion by September 2015

Long-term external debt accounted for 82.2%, while the remaining was short-term external debt.

Dec 31, 2015

Fiscal deficit in eight months touches 87%, likely to overshoot target

The fiscal deficit till November 2015 was Rs. 4.84 lakh crore compared to the budgeted Rs.5.55 lakh crore for FY16.

Dec 31, 2015

Foreign tourist arrivals up, earnings down during January-November 2015

FTAs were up 4.5% at 7.10 million, but earnings down 3.8% at $17.68 billion.

Dec 31, 2015

Modi govt increases allocation for rooftop solar power project to Rs 5,000 crore

The project entails installation of 4,200 MW solar rooftops systems on non-commercial buildings by 2019-20.

Dec 31, 2015

Indian mobile subscriber base breaches 1 billion mark: TRAI

The report further mentioned that Airtel is leading with 200 million subscribers.

Dec 31, 2015

UK to halt financial aid to India from January 2016

In 2012, former finance minister Pranab Mukherjee had called British aid "a peanut" in India's total spending on development.

Dec 31, 2015

Govt's disinvestment shortfall stands at Rs 50,000 crore

Poor stock market conditions have forced the government to delay stake sale in PSUs.

Dec 31, 2015

Oil ends trading session of 2015 in downbeat mood, hangover to continue

Crude prices held losses after falling 3% in the previous session.

Dec 31, 2015

Delhi: Authorities to crack down on vehicles emitting smoke to save choking city

A plan to fit particulate filters in diesel vehicles has been put into immediate effect.

Dec 31, 2015

Income tax defaulters: Names of 18 persons owing Rs 1,100 crore revealed

The biggest defaulter from Mumbai has a liability of Rs 779 crore.

Dec 30, 2015

Global growth will be disappointing in 2016: IMF managing director Christine Lagarde

Prospect of rising interest rates in the US and an economic slowdown in China were contributing to uncertainty, she said.

Dec 30, 2015

Railways want to import crude directly, set up refinery to benefit from soft prices globally: Report

Indian Railways is the largest consumer of diesel in India, at 2.8 billion litres annually.

Dec 30, 2015

Indian Railways to form joint ventures for improved connectivity, faster land acquisition

It also envisages participation by banks, ports and PSUs

Dec 30, 2015