Economy News

Mid-year economic review: Govt lowers FY16 GDP growth projection to 7-7.5% from 8.5%; Senex, Nifty fall

The government said so in the mid-year economic review tabled in Parliament on Friday.

Dec 18, 2015

India ranks 97th on Forbes' Best Countries for Business list

India has been ranked three ranks below China.

Dec 18, 2015

China: Beijing issues second 'red alert' on choking smog

The smog will begin rolling in from Saturday evening and last until Tuesday.

Dec 18, 2015

RBI announces new base rate calculation method

The guidelines will be effective from 1 April, 2016.

Dec 17, 2015

China ranked first in the world for online retail trade

Internet has been the biggest boon to China, contributing 7% GDP to the country's economy.

Dec 17, 2015

What analysts say about future US Fed rate hike path

Shrugging off the possible negative impact, most of the global markets rallied after the US Fed rate hike.

Dec 17, 2015

Fed liftoff: Janet Yellen says not to ‘overblow’ recent rate hike

US Federal Reserve Chairman Janet Yellen cautioned Americans not to overblow the Federal Reserves move 16 December to raise US interest rates a quarter of a point, saying the hike reflects the Federal Reserves confidence in the US economy.

Dec 17, 2015

Make in India: Modi govt throws open defence labs, facilities to private sector

This is the boldest move by the NDA government to indigenise defence production.

Dec 17, 2015

Several scenarios projected as to when the oil slump might end

The US is still pumping near-record volumes of crude, while OPEC is keeping output at all-time highs to maintain market share.

Dec 17, 2015

US Fed hikes interest rates after almost a decade by quarter of a percentage point

It signals faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

Dec 17, 2015

SC ban on diesel vehicles: Siam says verdict 'most unfortunate'

Siam also said the auto industry is being singled out because it is a "soft target".

Dec 16, 2015

Ban on diesel SUVs inappropriate: Car dealers

They said the decision will lead to huge job cuts at auto companies.

Dec 16, 2015

Four names from India in Swiss list of unclaimed bank accounts

The list of 2,600 names having dormant accounts have been published for the first time.

Dec 16, 2015

Arun Jaitley says ready to consider scrapping 1% manufacturing tax, hints at lower-than-18% GST rate

The 1% tax has been sought by states such as Gujarat and Tamil Nadu.

Dec 16, 2015

European nations get ready to review economic sanctions against Russia

Italy wants a debate on the sanctions as it has significant economic ties with Russia.

Dec 16, 2015