Economy News

Supreme Court asks RBI to provide list of loan defaulters

Provisioning for bad loans by Indian banks rose 29 percent during the December quarter sequentially.

Feb 16, 2016

Railways to cut operational costs, limit working expenses

The railway sector is undertaking various measures to increase its resources.

Feb 16, 2016

US crude jumps as big producers set for Doha meet

Oil exporters Saudi Arabia and Russia, will hold talks together with their counterparts in Doha on Tuesday.

Feb 16, 2016

India's exports fall for 14th straight month in January

The trade deficit for January narrowed to $7.64 billion from $11.66 billion in December 2015.

Feb 15, 2016

SIT asks Modi government to verify if $505 billion was siphoned off between 2004 and 2013

US-based non-profit organisation Global Financial Integrity had estimated the outflow from India while researching illicit financial flows.

Feb 15, 2016

Power sector likely to draw investments worth $1 trillion by 2030: Piyush Goyal

By 2020, the Power Ministry is likely to draw investment to the tune of $250 billion.

Feb 15, 2016

Civil aviation industry to hire 40 lakh people by 2035: Report

The study highlighted a need for skill development programmes across various levels in the aviation sector.

Feb 15, 2016

Banking reforms underway: Arun Jaitley

The finance minister said that the state-run banks should be more professional.

Feb 14, 2016

Cabinet may soon okay first capital goods policy

A draft policy by the Heavy Industry Ministry suggests a rationalised tax structure to facilitate the capital goods sector in the country.

Feb 14, 2016

BRO proposes India's longest road tunnel in J&K for Rs 9,000 crore

If approved, the 18 km tunnel will become the longest road tunnel in the country.

Feb 14, 2016

Global slowdown fears overshadow Singapore aviation show

Worries about the effects of a faltering global economy and tensions in the South China Sea overshadow the event in Singapore.

Feb 14, 2016

Railways opts for e-auctioning of scrap; fetches Rs 3,000 crore in FY15

Using an e-payment facility, the e-auction would enable scrap purchasers to bid online simultaneously all over the country.

Feb 14, 2016

India, Israel to explore joint defence equipment manufacturing, R&D

India will send a business delegation to Tel Aviv for a defence seminar to be held from Feb. 21 to 25.

Feb 13, 2016

Palestine Investment Fund chairman likely to visit India shortly: Report

The PIF is a private equity and venture capital firm, according to Bloomberg.

Feb 13, 2016

Abu Dhabi crown prince Sheikh Mohammed bin Zayed al-Nahyan's India visit overshadowed by market mayhem

A slew of bilateral agreements were signed, but details were not available except for tweets by the External Affairs Ministry spokesperson.

Feb 13, 2016