Economy News

Strengthening rupee swells India's foreign reserves: Experts

Foreign exchange reserves stood at $352.04 billion for the week ended 25 December.

Jan 2, 2016

Pathankot terror attack bound to derail Indo-Pak peace process, trade talks

The visits of PM Narendra Modi and Indian Foreign Minister Sushma Swaraj could prove to be futile.

Jan 2, 2016

Railways may introduce 'safety cess' to raise funds for NRSF: Report

A proposal to set up a safety fund comes in the wake of rising number of accidents on its network.

Jan 2, 2016

Highest quantity of pulses seized in raids in Maharashtra, Karnataka

The seizures in these two states accounted for almost 86% of the total quantity seized.

Jan 1, 2016

Suresh Prabhu seeks Rs 32,000 crore grant to implement salary hikes for Railway employees

Railways will need additional fund of about Rs 28,450 crore annually to implement salary hikes.

Jan 1, 2016

Indian Oil hikes price of non-subsidised LPG cylinder by Rs 50

The new rate will be applicable from 1 January, 2016.

Jan 1, 2016

Andhra Pradesh CM Chandrababu Naidu's capital city plans hit roadblock

The state government has asked approval for diversion of over 19,000 hectares of forest land for the capital city in Amravati.

Jan 1, 2016

ECBs, NRI deposits push India's external debt by $8 billion to $483.2 billion by September 2015

Long-term external debt accounted for 82.2%, while the remaining was short-term external debt.

Dec 31, 2015

Fiscal deficit in eight months touches 87%, likely to overshoot target

The fiscal deficit till November 2015 was Rs. 4.84 lakh crore compared to the budgeted Rs.5.55 lakh crore for FY16.

Dec 31, 2015

Foreign tourist arrivals up, earnings down during January-November 2015

FTAs were up 4.5% at 7.10 million, but earnings down 3.8% at $17.68 billion.

Dec 31, 2015

Modi govt increases allocation for rooftop solar power project to Rs 5,000 crore

The project entails installation of 4,200 MW solar rooftops systems on non-commercial buildings by 2019-20.

Dec 31, 2015

Indian mobile subscriber base breaches 1 billion mark: TRAI

The report further mentioned that Airtel is leading with 200 million subscribers.

Dec 31, 2015

UK to halt financial aid to India from January 2016

In 2012, former finance minister Pranab Mukherjee had called British aid "a peanut" in India's total spending on development.

Dec 31, 2015

Govt's disinvestment shortfall stands at Rs 50,000 crore

Poor stock market conditions have forced the government to delay stake sale in PSUs.

Dec 31, 2015

Oil ends trading session of 2015 in downbeat mood, hangover to continue

Crude prices held losses after falling 3% in the previous session.

Dec 31, 2015