Economy News

Oil jumps to highest in more than a week after Libyan shutdowns

In the latest development in a long-running conflict in Libya, the National Oil Corporation (NOC) on Sunday said two big oilfields in the southwest had begun shutting down.

Jan 20, 2020

'We are too small to take trade action on India,' says Malaysian PM after palm oil boycott

India, the world's largest edible oil buyer, this month halted Malaysian palm oil imports after Mahathir's comments criticising New Delhi over its policy on Kashmir.

Jan 20, 2020

Chinese Vice Premier Liu He and US President Donald

China will increase imports from US according to 'market principles': Report

China will boost purchases of US goods and services by $200 billion over two years in exchange for the rolling back of some tariffs.

Jan 19, 2020

To defuse palm row, Davos diplomacy likely between India, Malaysia

Hindu-majority India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against its recent policies.

Jan 19, 2020

Global Economist Portia Antonia Alexis To Attend World Economic Forum 2020 As She Shares How Artificial Intelligence Will Be Helpful In Banking

Companies are more inclined to invest in Artificial Intelligence as well as larger and shorter-term projects

Jan 17, 2020

Day after Piyush Goyal snub, Amazon CEO Jeff Bezos offers 10 lakh jobs in India

Jeff Bezos promised to create additional 10 lakh jobs a day after Commerce and Industry Minister Piyush Goyal snubbed him during a public event.

Jan 17, 2020

Budget 2020: Check date, time; what can we expect from this year's budget?

The union budget for the fiscal year, 2020-21 will be presented by Sitharaman on February 1 at 11 am, which is a Saturday, and the Economic Survey will be published on January 31.

Jan 17, 2020

Budget 2020: Centre may impose customs duty hike on more than 300 items

Besides giving relief to the domestic industry and boosting employment, the move is expected to keep imports down and help to raise revenue.

Jan 17, 2020

Finance ministry plans new law to protect foreign investment in India: Report

In a 40-page initial draft, the finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors and the government.

Jan 16, 2020

inflation, retail inflation, inflation for march 2017, india news, indian economy

As retail inflation soars high, RBI likely to put hold on rate cuts

Economists say that rising headline and food inflation would soon feed into core inflation - stripping out food and fuel prices.

Jan 14, 2020

US, China agree to semi-annual talks aimed at reforms, resolving disputes

An official familiar with the deliberations said the resumption of the US-China Comprehensive Economic Dialogue will be announced on Jan. 15.

Jan 12, 2020

India may soon allow FDI in nuclear power area; PMO mulls over decision

The decision would be a paradigm shift in India's nuclear power policy, and subsequently, open the gates for multinational companies to invest in the country's nuclear energy projects.

Jan 12, 2020

'Lack of credit, lower consumption led India's growthrate to 5%': World Bank

India's growth rate is forecast to be only 5 per cent for the current fiscal year, weighed down by growth of only 4.5 per cent in the July-September quarter.

Jan 9, 2020

Gold goes ballistic amid rising war fears as Iran missiles hit US bases in Iraq

Yellow metal prices have soared Rs 2,000 per 10 grams in four days, fuelled by a war of words between President Trump and Teheran.

Jan 8, 2020

Union budget 2020: Income tax relief for middle class on cards

The central government has held multiple discussions on this issue to spur economic growth and the proposal to reduce the tax burden as a step to boost demand in the country.

Jan 7, 2020