Economy News

Rate Cut Effect: Govt Banks to Post Higher Treasury Gains, Use it to Offset Higher Provisioning

With 28% of deposits tied to government bonds, the state-run banks can now use the treasury gains made from the RBI rate cut to offset their bad loans and shore up capital

Jan 16, 2015

Government to Invest ₹5 Lakh Crore on Road Construction Over 5 Years

The Center is focused on improving connectivity and in reducing road accident deaths.

Jan 16, 2015

Audi R8 LMX and Datsun Go+ Launched in India

A budget and a super car share the same launch day.

Jan 15, 2015

Nation's Top Bankers Welcome RBI Rate Cut, Confirm Banking Rates to Come Down Soon

India's top bankers have welcomed the RBI rate cut and confirmed that banking rates will also go down soon.

Jan 15, 2015

FM Jaitley Hails Rate-Cut as 'Positive for Indian Economy'

FM Jaitley called the RBI rate cut as a very positive move for the economy and hopes that the investment cycle would get a boost

Jan 15, 2015

RBI Signals More Rate Cuts after 25 Basis Point Reduction in Repo Rate

In a surprise move the RBI brings down the lending rate to 7.75% from 8%, the first reduction in almost a year.

Jan 15, 2015

World Bank Projects India's GDP to Surpass China's by 2017

The World Bank's Global Economic Prospects projects India to post 6.4% GDP growth rate in 2015, with the economy expanding by 7% in 2016.

Jan 14, 2015

Budget 2015 - Increase Infra Spending, Allow Fiscal Deficit To Widen, Adopt Fiscal Consolidation, Says Financial Experts

Investors are willing to cut the government some slack, if it invests in infrastructure projects while reforming the tax revenues.

Jan 14, 2015

India Pins Hopes on Budget 2015; Will it be the Harbinger of Growth?

2015 Budget and reforms to revitalise Indian economy. Sensex to reflect GDP expansion more closely.

Jan 13, 2015

Government Will Work Towards Non-Adversarial Tax Regime: Arun Jaitley

Union Minister Arun Jaitley said India must have credibility in terms of governance.

Jan 12, 2015

Coal India Shares Fall 4% on Reports of 10% Stake Sale by Government

The Center is likely to offload 10% of its 89.65% stake in the coal major, in a bid to reach the disinvestment target and to help limit the fiscal deficit to 4.1%

Jan 12, 2015

Jaitley: Major PSU Disinvestment before March 31, Govt Trying Hard To Limit Fiscal Deficit to 4.1%

Jaitley expresses hope that 2015 would be a much better year for the Indian economy, even as the government tries to deal with 'legacy of the past'.

Jan 10, 2015

FM Jaitley, RBI Governor Rajan Stand United ahead of Budget 2015

Prime Minister Narendra Modi's government is expected to announce major reforms during the budget session.

Jan 10, 2015

US Adds More Jobs but Pays No Money

Employment in the US increased by a seasonally adjusted 252,000 jobs in December and unemployment fell to 5.62%.

Jan 10, 2015

Govt to Introduce National Skill Development Policy to Train 50 Crore People by 2020: Rudy

In a bid to tackle the problem of shortage of skilled workers, the government plans to introduce necessary skill development programmes.

Jan 9, 2015