Economy News

Meghalaya: Once successful, strawberry crops now failing due to climate change

The state is the third largest producer of strawberries in India.

Nov 28, 2015

Saudi Arabia: Bad PR effort fuels riyal devaluation rumours

Bankers said that capital city Riyadh has the available tools to protect the country as low oil prices push the current account.

Nov 27, 2015

High-level panel soon to tackle banks' bad loans, says official

NPAs is a matter of concern and the government is vigilant in this regard, he added.

Nov 27, 2015

WTO talks deadlocked as ministers prepare to meet in December

The ministers are scheduled to meet in Nairobi on 15 December and disagree on a worldwide package of trade reforms.

Nov 27, 2015

India to have more than 500 million mobile subscribers by 2015 end: Report

Another 250 million subscribers would be added by 2020.

Nov 27, 2015

RBI to hold rates steady, growth to be 7.3% in Sept quarter: poll

All 45 economists surveyed expected the RBI to stand pat at its policy review on Tuesday.

Nov 27, 2015

HSBC planning to shut down private banking business in India

Yet another exit by a foreign bank from the cut-throat wealth management business in Asia's third-largest economy.

Nov 27, 2015

E-commerce: Number of Indians who buy from global online retailers to soar

Cross-border trade has been predicted to grow; high customs duty and delivery shipping costs are key deterrents.

Nov 27, 2015

Government facing difficulties convincing Indians inflation will stay low

Convincing Indians that the central bank can keep inflation low is proving difficult.

Nov 27, 2015

India to become 3rd largest air passenger market by 2026: IATA

India will displace Britain as the third-largest market by 2026.

Nov 27, 2015

Brazil: Destruction of Amazon rainforest rises 16% in 2015

The data released by the environment ministry on Thursday confirmed preliminary information released recently.

Nov 27, 2015

ADB, Pakistan sign agreement for $800 million loan to boost power sector

Power shortages are a major obstacle in Pakistan's economic development.

Nov 27, 2015

Rupee tumbles to 26-month low on US Fed rate hike fears

The rupee has depreciated by 5.5% so far this year.

Nov 27, 2015

UK house prices: Are Osbornes plans helping to turn around the situation for first time buyers?

The Help to Buy: ISA scheme will be introduced on 1 December 2015.

Nov 26, 2015

Assocham appeals to opposition parties to pass GST bill

Assocham urged the Congress party to "rise up to the national call" and help the passage of the bill.

Nov 26, 2015