Economy News

Budget 2015: Full Year Tax Collections Likely to Fall Short of Estimates

Even as the direct and indirect tax collection show growth, it still falls short of government expectations ₹

Dec 24, 2014

Dow Jones Index Rises 18,000 on Strong US Economic Growth

The Dow Jones Industrial average broke a record milestone on Tuesday surging 18,000 points to 18,024 thanks to the sturdy economic growth in the United States.

Dec 24, 2014

RBI May Allow Banks to Resume Gold Loans to Jewellers, Review Ban on Import of Gold Coins and Medallions

The RBI could lift the embargo on banks lending against gold.

Dec 24, 2014

Budget Deficit: India Slashes Healthcare Budget by Almost a Fifth

The Finance ministry has cut spending on healthcare in a struggle to contain its fiscal deficit

Dec 24, 2014

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

The advisory group suggested reforms to open up the coal sector and to increase production, along with suggestions to make it easier to move coal to required industries.

Dec 23, 2014

Russia Could Get 'Junk' Status in 2015, Says Former Minister; China Willing To Aid Falling Ruble

The Russian government's slow stance on the growing economic instability could earn it the "junk" status in 2015, former finance minister Alexei Kudrin said on Monday.

Dec 23, 2014

DCB Bank Partners With iKaaz to Launch Mobile Payment Service in India

The new payment service is expected to lead cashless payment service in the country

Dec 23, 2014

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

India Inc forex debt issuance finds acceptance in investor community, a record $19bn raised in 2014.

Dec 22, 2014

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

Brent crude prices increased 2 percent to $63 on Monday as investors believed that prices would remain around $60 for the rest of the year. News of the spike comes right after Saudi Arabia defended its decision to not impose any cuts on oil production and said they would stick to it.

Dec 22, 2014

Centre to Raise ₹14,900 crore Via 5% Stake Sale in ONGC; Retail Allocation at 20%

The Central government is all set to divest 5% of its holdings in the oil and petroleum explorer, ONGC, helping raise ₹14,900 crore.

Dec 22, 2014

China Offers $3 Billion in Aid to Thailand, Vietnam and Other Neighbours

China has offered aid to neighbours Cambodia, Vietnam, Myanmar, Thailand and Laos

Dec 20, 2014

GST Bill Will be Single Most Important Tax Reform: Finance Minister Arun Jaitley

The Goods and Services Tax bill will be introduced in the next budget session

Dec 19, 2014

Russia will Emerge from Rouble Collapse in Two Years: Putin

The rouble is down 46% against the dollar this year.

Dec 18, 2014

Why US Federal Reserve Won't Raise Interest Rates Anytime Soon

The US economy has been mapping a steady growth over the past 11 months.

Dec 18, 2014

China, India and Russia Among Most Corrupt Developing Countries

Some of the biggest developing economies in the world that include China, India and Russia are also the most corrupt, a new report by Global Financial Integrity (GFI), an international corruption watchdog showed.

Dec 17, 2014