Economy News

More Russian oil drilling shows its resolve to OPEC

According to Eurasia Drilling Company (EDC), Russian drilling measured in metres rose 10% in the first 6 months of this year from a year ago.

Dec 1, 2015

RBI keeps key policy rates, GDP forecast unchanged

The Reserve Bank of India also kept its overall growth projection for 2015-16 at 7.4%.

Dec 1, 2015

India sees offset opportunity of $50-60 billion in defence, aerospace

Policy changes have made it profitable to manufacture aerospace and defence systems in India.

Dec 1, 2015

Falling rupee may limit further cuts in petrol, diesel prices

The rupee continues to trade at near two-year low against the US dollar.

Dec 1, 2015

IMF admits China's Yuan into Special Drawing Rights basket

The Dollar, Euro, Pound sterling and Yen, is already part of the basket.

Dec 1, 2015

Isis bans Syrian banknotes, may be ready to issue its own currency

The move affects businessmen, store owners and employees who put all their savings into the high value notes.

Dec 1, 2015

Israel: Netanyahu orders suspension of EU contacts over labelling of West Bank goods

EU had said all goods coming from West Bank need to be labelled, so they're differentiated from Israeli goods.

Nov 30, 2015

India: GDP grows by 7.4% in Q2; manufacturing sector shows 9.3%

Most analysts had expected the economy to grow by 7.3%.

Nov 30, 2015

India's April-October fiscal deficit touches 74% of full-year target

The deficit was 89.6% of the full-year target during the same period a year ago.

Nov 30, 2015

Gender pay gap: Study shows teenage girls expect to earn £7,000 less than boys

The City and Guilds survey showed that teenagers are unaware of the job market

Nov 30, 2015

Power sector employees to hold nationwide strike on December 8

The strike is to be observed by power employees, engineers and contract workers.

Nov 30, 2015

Australia: Supply of uranium to India to 'begin immediately'

Australia-India Nuclear Cooperation Agreement permits Australian firms to start commercial uranium export to India.

Nov 30, 2015

Central govt rules out move to curb steel imports

Steel imports in the first seven months of this financial year have gone up sharply.

Nov 30, 2015

India's financial conditions are better over previous quarter, says CII-IBA

Financial conditions have shown a healthy improvement due to low cost of funds, strong liquidity, etc.

Nov 30, 2015

RBI: 5th monetary policy review of fiscal to be declared on 1 December

Analysts say RBI is unlikely to cut rates further, ahead of the US Federal Reserve's policy review due mid-December.

Nov 30, 2015