Economy News

Modi government pushes ahead with proposal to scrap RBI governor's veto power: Report

In July, the government came under fire when it was reported that it was proposing to clip the central bank governor's veto power.

Oct 21, 2015

Corruption in UPA govt giving bad name to country: BJP

BJP spokesperson Narsimha Rao also alleged that Congress is synonymous with corruption.

Oct 21, 2015

Govt may pay sugarcane farmers directly in part for produce sold to mills

It's an effort to help politically strong growers and companies struggling with a global glut.

Oct 21, 2015

Chinese President protested against in London

Hundreds of activists turned out to protest the official visit of Chinese President Xi Jinping in London on 20 October.

Oct 20, 2015

Four India-designed 700 MW reactors being built at brisk pace

The first such reactor is expected to go on stream by end 2016.

Oct 20, 2015

Edmund Shing: Next and Sports Direct benefit from Rugby World Cups boon to retail sector

Rugby World Cup has boosted Britains high street performance.

Oct 20, 2015

S&P's keeps India's rating, outlook unchanged

S&P's move will "disappoint" Prime Minister Narendra Modi's government as it was looking for higher rating.

Oct 20, 2015

7th pay panel, OROP won't hurt govt's finances: Jayant Sinha

The pay panel recommendations are expected to raise the government's salary estimates to over Rs 1 lakh crore this fiscal.

Oct 19, 2015

Weak dollar boosts India's Forex reserves to $353 billion: RBI

The rupee had closed at 64.74 to a US dollar during the week ended 9 October.

Oct 17, 2015

Greece okays new austerity, reform package bill

The new Left-led government passed the first crucial test since taking office after the September 20 snap general elections, as expected.

Oct 17, 2015

India's CAD to widen to 1.6% of GDP, says DBS Bank economist

India's merchandise exports fell 24.3% on a year-on-year basis to $21.8 billion, the tenth consecutive monthly fall.

Oct 16, 2015

Young talent harnesses YouTube to grab fans, earn revenue and become millionaires

There's a lot of money to be earned on YouTube. Forbes has just published its first-ever list of top earners on the video platform.

Oct 15, 2015

Top 1% of India's richest now own over 50% of country's wealth: Credit Suisse

Reflecting a dismal picture of the wealth owned by poor, the report said that they just possess 4.1% of the nation's wealth.

Oct 14, 2015

Consumers didn't get full benefit of plunge in global crude oil prices

Due to the tax effect, petrol prices have come down by just about 5% since the beginning of November 2014.

Oct 13, 2015

Bihar election outcome will not impact government's reform process: Citi

The firm said that the reforms process may remain intact due to a presence of "broad consensus" on key bills like Goods & Service Tax (GST) boosting "ease of doing business".

Oct 13, 2015