Economy News

OECD Trims its Outlook for Global Economy

OECD expects the world economy to grow by 3.1% in 2015.

Jun 3, 2015

'Make in India' Symbol Row: DIPP Secretary Amitabh Kant Hits Back at Plagiarism Charges on Twitter

"The logo is inspired by India's strongest symbol ever, the Ashoka emblem + a bit of RBI," Kant tweeted.

Jun 3, 2015

Skymet Contradicts IMD Forecast, Sees Normal Monsoon this Year

El Nino conditions are unlikely to lead to drought in India, says Skymet.

Jun 3, 2015

Finance Minister Arun Jaitley Pitches for Larger Usage of Plastic Currency

"It's about time that we start at least printing our own currency with our own ink and paper," said Jaitley

Jun 2, 2015

Edmund Shing: UK house prices, stocks and bonds are too expensive - look to Aim and Asia

Nobel Prize winner Professor Robert Shiller famously warned that how stock markets were overvalued at height of dot-com boom

Jun 2, 2015

PM Modi's Second Year Will Also be Marked by Slow Reforms, Says Nomura

The Japanese brokerage sees the Parliament passing new land acquisition law by September and GST by December.

Jun 2, 2015

RBI to Issue Some New Banking Licences by August, Says Raghuram Rajan

Twenty-six applicants were vying for a new banking licence, of which two - Tata Sons and Videocon - withdrew their applications later.

Jun 2, 2015

Over 4 Lakh Indians to Tour US this Year, Up 42% from 2014

Number of Chinese tourists visiting US is estimated to increase by a massive 163% in 2015

Jun 2, 2015

RBI Cuts Repo Rate by 25bps for the Third Time this Year

Chances of further rate cut seem to be limited beyond this meeting.

Jun 2, 2015

Why RBI Cannot Cut Rates Beyond June Meeting

Scope for RBI rate cuts after June meeting appears to be slim.

Jun 1, 2015

Rebound in Indian Economy is in Initial Stages, Says Foreign Brokerage

Nomura still remains confident of country's GDP reaching 8 percent in the current fiscal year

Jun 1, 2015

Service Tax Raised to 14%; Travel, Mobiles, Restaurants to be Costlier from 1 June

There will be 0.5% hike in AC and First Class fare and freight charges.

May 31, 2015

India Likely to Face 'Significant' Drought, Says US Agency

It would further impact food prices that are already rising due to unseasonal rains.

May 30, 2015

India's GDP Growth Exceeds China's for Second Straight Quarter

However, analysts are not convinced by the impressive growth as the underlying picture remains weak.

May 29, 2015

What Foreign Brokerages Expect from RBI Meeting Next Week

Most of the economists including Finance Minister Arun Jaitley expect the central bank to cut repo rate by 25 basis points.

May 29, 2015