Economy News

India's 10-year bond yield falls to 5-month low

The benchmark 10-year bond yield declined on hopes of a possible rate cut by the RBI after retail inflation eased to 5.18 percent in February.

Mar 15, 2016

Life insurance: LIC grows at a lower clip than private insurers

While state-owned LIC's new business collection grew 5 percent, private insurers recorded a 13 percent growth.

Mar 15, 2016

Highway ministry in talks with EPFO to raise Rs 50,000 crore: Report

The amount from the Employee Provident Fund Organisation will be used for highway expansion project, The Economic Times reports.

Mar 15, 2016

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The indefinite strike by jewellers will continue till the excise duty is completely withdrawn, according to the India Bullion and Jewellers Association.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