Economy News

Greece okays new austerity, reform package bill

The new Left-led government passed the first crucial test since taking office after the September 20 snap general elections, as expected.

Oct 17, 2015

India's CAD to widen to 1.6% of GDP, says DBS Bank economist

India's merchandise exports fell 24.3% on a year-on-year basis to $21.8 billion, the tenth consecutive monthly fall.

Oct 16, 2015

Young talent harnesses YouTube to grab fans, earn revenue and become millionaires

There's a lot of money to be earned on YouTube. Forbes has just published its first-ever list of top earners on the video platform.

Oct 15, 2015

Top 1% of India's richest now own over 50% of country's wealth: Credit Suisse

Reflecting a dismal picture of the wealth owned by poor, the report said that they just possess 4.1% of the nation's wealth.

Oct 14, 2015

Consumers didn't get full benefit of plunge in global crude oil prices

Due to the tax effect, petrol prices have come down by just about 5% since the beginning of November 2014.

Oct 13, 2015

Bihar election outcome will not impact government's reform process: Citi

The firm said that the reforms process may remain intact due to a presence of "broad consensus" on key bills like Goods & Service Tax (GST) boosting "ease of doing business".

Oct 13, 2015

EU referendum: Stuart Rose launches campaign for UK to remain in EU [Video]

British pro-Europeans launched their campaign to keep their country inside the European Union on 12 October, cautioning that turning away from the worlds biggest economic bloc would hurt jobs and torpedo Londons global financial clout.

Oct 12, 2015

Inflation soars to 4.4%, industrial production beats estimates

The Reserve Bank of India (RBI) estimates retail inflation to be at 5.8% in January 2016.

Oct 12, 2015

Government may grant more licenses for opium cultivation

The essential criterion of minimum qualifying yield (MQY) is specified in number of kg per hectare.

Oct 12, 2015

UKs largest ever street art project launched to promote countrys creative industries

Local graffiti artist Chu launches UK-wide street art project in Birmingham.

Oct 12, 2015

Over 8 lakh medical shops to be shut on 14 October to protest online sale of drugs

AIOCD president JS Shinde said that an indefinite strike may be called if the government does not stop online sale of medicines.

Oct 10, 2015

India's growth to surpass China's in next two years: IMF

India is expected to grow at 7.3 percent in 2015, rising to 7.5% in 2016, according to IMF.

Oct 10, 2015

US sees massive progress in India-US ties under Modi

US says it looks forward to its further deepening and becoming more productive.

Oct 10, 2015

Govt's claim of saving Rs 12,700 crore on LPG subsidy transfer large overestimate: Canada's IISD

The IISD estimate is just 1.12% of the government's claimed figure.

Oct 8, 2015

Greek PM says first bailout review must be concluded within November

Athens hopes that a debt relief will help it regain market access in 2017.

Oct 8, 2015