Economy News

Government may grant more licenses for opium cultivation

The essential criterion of minimum qualifying yield (MQY) is specified in number of kg per hectare.

Oct 12, 2015

UKs largest ever street art project launched to promote countrys creative industries

Local graffiti artist Chu launches UK-wide street art project in Birmingham.

Oct 12, 2015

Over 8 lakh medical shops to be shut on 14 October to protest online sale of drugs

AIOCD president JS Shinde said that an indefinite strike may be called if the government does not stop online sale of medicines.

Oct 10, 2015

India's growth to surpass China's in next two years: IMF

India is expected to grow at 7.3 percent in 2015, rising to 7.5% in 2016, according to IMF.

Oct 10, 2015

US sees massive progress in India-US ties under Modi

US says it looks forward to its further deepening and becoming more productive.

Oct 10, 2015

Govt's claim of saving Rs 12,700 crore on LPG subsidy transfer large overestimate: Canada's IISD

The IISD estimate is just 1.12% of the government's claimed figure.

Oct 8, 2015

Greek PM says first bailout review must be concluded within November

Athens hopes that a debt relief will help it regain market access in 2017.

Oct 8, 2015

Anti TTIP campaigners hand in 3 million petition to European Commission to scrap controversial deal

Campaigners say the deal could impact on EU food, health and environmental safety laws

Oct 7, 2015

Traders earned Rs 8,000 crore by 'manipulating' onion prices in August, September

Retail prices of onions rose to as high as Rs 70/kg in many parts of the country in August and September.

Oct 7, 2015

IMF slashes India's GDP forecast to 7.3% for FY16

India would remain the fastest growing economy in the world even if it meets the current estimate of IMF.

Oct 7, 2015

Rugby World Cup 2015: Early England exit could cost country £3bn

Essay published by London Business School argues Englands Rugby World Cup exit could hurt economy.

Oct 6, 2015

Govt hopeful of implementing GST bill next year, says PM Narendra Modi

"We have clearly articulated that we will not resort to retrospective taxation," Prime Minister Narendra Modi said.

Oct 6, 2015

7th pay panel to be 'mindful' of govt's fiscal burden

The panel's report will be "scrutinised by a secretariat to be set up in the Finance Ministry".

Oct 6, 2015

Slowing Chinese economy will not impact India: Jaitley

"We are not a part of the Chinese supply chain," he said.

Oct 6, 2015

India top Asian country to send scientists and engineers to US: Report

From 2003 to 2013, the number of scientists and engineers residing in the US rose from 21.6 million to 29 million.

Oct 6, 2015