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Economy News

Tony Blair and John Major join forces to warn against Brexit

Former political rivals and prime ministers say a Leave vote would jeopardise the unity of the UK. Jun 9, 2016
Arun Jaitley pay commission

7th Pay Commission: Government expected to take a decision by end of this week

The decision on the 7th CPC proposals, when reached, will benefit 47 lakh central government employees and 52 lakh pensioners. Jun 9, 2016
power situation tamil nadu electricity power surplus deficit industrial production

Tamil Nadu is no longer power deficit, turns largest energy surplus state: Report

For four years, Tamil Nadu witnessed acute power shortage, forcing shutdowns at many factories. Jun 9, 2016
reserve bank of new zealand interest rate ocr inflation housing loans all Graeme Wheeler

Raghuram Rajan's New Zealand counterpart is worried inflation is not high in his country

Reserve Bank of New Zealand (RBNZ) left interest rate unchanged at 2.25 percent and said if low inflation persisted, the rate would be lowered. Jun 9, 2016
saudi arabia economy world bank tax foreigners expats in saudi migrant workers nris remittances

Saudi Arabia plans to impose income tax on foreign workers: Report

The move could hit nine million foreign residents, including three million Indians. Saudi economy has been hit due to falling crude oil prices. Jun 8, 2016
rajan second term repo rate rbi governor sub swamy rajan on arun jaitley

RBI Governor Rajan says never had 'even one serious disagreement' with FM Jaitley

RBI Governor Raghuram Rajan also says a response to BJP MP Subramanian Swamy's attacks on him are not "deserving". Jun 8, 2016
Narendra modi us visit usibc india america biz investment

Modi US visit 2016: Jeff Bezos says Amazon to invest $3 billion more in India

PM Narendra Modi promises more reforms at USIBC's CEO round-table; Jeff Bezos says Amazon to invest $3 billion in India. Jun 8, 2016
Asian Shares Bounce from 4-week low

Asian shares near six-week high on oil, Fed expectations

The gains were led by 2.1 percent gains in energy shares. Jun 8, 2016
Raghuram Rajan

How RBI Governor Raghuram Rajan views the global economy

Rajan said outlook on emerging market economies remains challenging on account of geo-political tensions and high volatility in financial markets. Jun 7, 2016

RBI Monetary policy: Rajan holds rate but inflation reference suggests hawkish policy

The unchanged rate signals the prospect of another cut later this year if monsoon rains dampen upward pressure Jun 7, 2016
US China strategic dialogue

US asks China to remove barriers for foreign business

U.S. business groups have also complained about new Chinese regulations which favour local firms. Jun 7, 2016
arun jaitley japan visit

Steering committee to analyse, recommend restructuring of PSU banks' bad loans

The banks were asked to propose a "commercially prudent" mechanism for loan settlements. Jun 6, 2016
retail ease of doing business gdri marks and spencer

Ease of doing business: India jumps 13 positions in one year to rank at second in 2016

The Global Retail Development Index (GRDI) 2016 places India at 2nd position in the list of 30 developing countries. Jun 6, 2016
IRCTC ticket sales online railway ticket sales Indian Railways

PM Modi 'unhappy' with 'blue-eyed boy' Suresh Prabhu over delays in redevelopment of stations, Rail University

Narendra Modi expressed unhappiness over little "visible progress" with regard to redeveloping railway stations, augmenting ad revenues. Jun 6, 2016
Indian civil aviation industry

Compensation for flight delays, cancellations may be doubled

In April, 1,149 passengers were denied boarding by the airlines and compensation worth of Rs. 40 lakh was paid to them. Jun 6, 2016
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  • Elephant shot dead

    Twenty-year-old elephant shot dead in Karnataka village; culprits at large [details]

  • Ladakh mishap

    Seven soldiers killed, 19 injured after bus falls into river in Ladakh; PM Modi expresses condolences [details]

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    Filmmakers restoring golden era of film shooting in J&K; maiden film policy lures producers [details]

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  • Farooq Abdullah

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