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Economy News

Arun Jaitley says India;s top priority is GST, Infra, banks

Jaitley reiterates commitment to GST, rules out privatisation of govt banks

Arun Jaitley said the country's economic policy must deliver growth benefits to the citizens. Sep 7, 2016
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RBI deputy governor R Gandhi to head monetary policy department

The portfolios of the deputy governors at the Reserve Bank of India were revised on the day Raghuram Rajan handed over governorship to Urjit Patel. Sep 7, 2016
Vegetable vendor

Majority of Indians cannot afford fruits and vegetables: Study

To bridge the gap, it would require more than half of the household's income to be spent in achieving consumption levels, a Lancet report pointed out. Sep 6, 2016
kerala tourism dancers

Domestic tourism expected to attract $8 billion investment

About 144 investors from 70 companies will take part in the event to explore various sectors associated with tourism such as aviation, hospitality, civic amenities, roadways. Sep 6, 2016
rupee currency

Rupee reaches 4-month high trade rate of 66.51 against US dollar

The rupee was trading at 66.51 per dollar, up 0.46%, the maximum gain since May 25, from its previous close of 66.83. Sep 6, 2016
Reserve Bank of India

A look at Urjit Patel, previous governors of Reserve Bank of India

On Sept. 4, 2016, Urjit Patel took over as the 24th governor of the Reserve Bank of India. Here is a look at few previous RBI governors. Sep 5, 2016
Nitin Gadkari

Nitin Gadkari's former OSD named in Maharashtra irrigation scam

The chargesheet is related to irregularities in over Rs 100-crore work of the Ghodazari branch of the Left Bank Canal (LBC) of Gosikhurd dam. Sep 5, 2016
tourism india rajasthan earnings fee fta indian infra summit investors investment woo govt modi 2016 all places hotspots promotion incredible india

Tourism Investors' Summit 2016: India to showcase projects for improving infrastructure

The three-day Tourism Investors' Summit aims to lure both Indian and foreign investors to develop tourism infrastructure across the country. Sep 5, 2016
pmi india services gdp growth manufacturing drinking restaurant bar liquor enjoy life growth sector activity

Services sector growth hits record high in August

After manufacturing activity growth, services sector grows to a 3.5 year-high, reveals PMI data for August. Sep 5, 2016
Theresa May

Theresa May aims to make UK global leader in free trade, will hold talks with Modi

The British PM will also hold talks with Xi Jingping, Vladmir Putin and Barack Obama during the G20 summit. Sep 4, 2016
RBI governor

Raghuram Rajan bids farewell to RBI, says new governor will carry forward the work on inflation

In his last speech at the RBI, Rajan urged the government to elevate the ranking of the governor and also defended the need to ensure independence of the apex bank. Sep 4, 2016
Pump Jacks and Oil fields

Rising oil import costs may become Asia's growing pain

Asia's net oil imports are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade. Sep 4, 2016
Indian Railways

$5 billion fund for railway infrastructure projects coming soon

The proposed Railways of India Development Fund (RIDF) will soon be placed before the Cabinet for its approval. Sep 4, 2016
Vijay Mallya

ED attaches Vijay Mallya's assets worth Rs. 6,630 crore in bank fraud case

So far, the total attachment made by the agency in the case has now gone up to over Rs. 8,000 crore. Sep 3, 2016
rbi rajan ficci event fibac global conference bank banking bankers 2016 icfai mumbai cyber security regulator npa repo rate policy statement

Ranking of India's bank governor should be raised: Raghuram Rajan

Rajan said the ranking of the RBI governor, currently at cabinet secretary level, needed to be commensurate with the role. Sep 3, 2016
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