Economy News

India surpasses China, US to emerge as top FDI destination: Report

Last year, India stood fifth in the list of top FDI destinations.

Sep 30, 2015

World will commend India's commitment to climate change: Goyal

Goyal said "polluter pay principle" should be adopted in the world..

Sep 30, 2015

SBI, Andhra Bank slash their lending rates after repo rate cut by RBI; other banks to follow

While SBI reduced its lending rate by 0.4% to 9.3% per annum, Andhra Bank slashed its interest rate by 0.25%.

Sep 29, 2015

RBI cuts repo rate by 50bps, keeps CRR unchanged; GDP growth estimate comes down to 7.4%

The RBI has cut the repo rate by 100bps to 6.75% so far this year.

Sep 29, 2015

Labour: John McDonnell declares tax war on Amazon and Google in fair share warning

Shadow chancellor said a Labour government would aggressively balance the books in power.

Sep 28, 2015

China slowdown taking the sheen off Indias global diamond hub

A year ago, Indias diamond capital hit the headlines when one of the largest polishing companies in the western city of Surat treated hundreds of employees to bonuses in the form of Fiat cars, apartments and jewellery. This year, theres no sign of a repeat bonanza in a city that by some estimates polishes about 80 percent of the worlds diamonds.

Sep 26, 2015

What brokerages expect from RBI meeting on 29 September

An impending interest rate hike by the US central bank may curtail the room for the RBI to ease policy rates further.

Sep 26, 2015

South Asian cities messy; Delhi's air pollution three times higher than Beijing's: World Bank

The report said that messy urbanisation in India is "reflected" in urban slums.

Sep 25, 2015

Yellen indicates Fed rate hike by year-end

The end of 2015 could finally see a rate hike from the US Federal Reserve, almost nine years after it signalled a regime of low rates in order to help global growth. The Feds chair Janet Yellen on Thursday 24 September, said she was confident of a US recovery amid a sluggish global economy and reiterated plans to withdraw the central banks extraordinary stimulus by year-end as long as inflation was stable and employment levels remained strong.

Sep 25, 2015

India, US launch 'ease of doing business' group as they seek to increase bilateral trade

The launch of the work stream was announced on the conclusion of the first US-India Strategic and Commercial Dialogue in Washington on Tuesday.

Sep 23, 2015

America aims to become 'India's best friend,' says US vice president

The US will do everything to support Modi's reforms, said Joe Biden.

Sep 22, 2015

India's growth expected to top last year's, hit from China minimal: Arun Jaitley

While fears of a China-led global slowdown have roiled financial markets, the FM said India stands to benefit from cooling growth in China.

Sep 21, 2015

George Osborne upbeat on slowing China economy

Chancellor George Osborne expressed his confidence in the slowing Chinese economy on 20 September, and called for more Chinese investment in the UK during a visit to Beijing.

Sep 21, 2015

US Fed leaves interest rates unchanged

Fed Chair Janet Yellen said that October remains a possibility for interest rate hike.

Sep 18, 2015

India's rank in World Bank's 'Doing Business Report' unlikely to go up sharply

In its last report, the World Bank ranked India at 142nd position.

Sep 17, 2015