Economy News

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

Russian Ruble Falls to 16-year Low despite Interest Rate Hike; Putin's Power at Stake?

The Russian ruble fell to a new 16-year low on Wednesday despite the government's frantic efforts to prevent a slide reflecting a possible weakness in Putin's power grip over the region.

Dec 17, 2014

SpiceJet to Resume Flights From 4 PM Today

The flight operations of the cash-strapped airline was grounded due to non supply of jet fuel by oil marketing companies

Dec 17, 2014

Rupee Falls to 13-months Low, CAD Widens on Gold Import

The Indian Rupee lost about 1% against the dollar, reflecting the global trend.

Dec 16, 2014

November Gold Imports Up Six-fold in November, Trade Deficit at 18-month High

Trade Secretary Rajeev Kher terms increase in gold imports 'phenomenal'

Dec 16, 2014

Petrol and Diesel Prices Cut By Rs 2; Currency Weakness Erodes Possible Savings

Petrol and diesel prices have been cut by Rs.2, including state taxes for the second time in a fortnight, reflecting crashing crude prices globally

Dec 16, 2014

Jan Dhan Yojana Beneficiaries Face ATM Access Shortage; Cap On Transactions Risks Scheme

The Government's Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme faces a severe shortage of ATMs for the beneficiaries. Cap on ATM transactions hinders adoption.

Dec 15, 2014

India Records Wholesale Price Inflation at Zero; Lowest in 5 Years

For October and November, the Wholesale Price Index (WPI)-based inflation was recorded at 1.77% and 7.52% respectively.

Dec 15, 2014

Shinzo Abe Cruises to Victory in Japan Snap Elections; Abenomics will Prevail

Japanese Prime Minister Shinzo Abe and his LDP cruised to a big win in the snap elections on Sunday.

Dec 15, 2014

Stake Sale in PSUs to Gain Momentum in Next Three Months

The Government of India is engaged in pushing through as many stake sales as possible before the fiscal year ends.

Dec 15, 2014

Economic Output Shrinks for October amid Clamor for Rate Cut

India's industrial output for October suffered a three-year low, even as inflation reduced, bringing back the clamor for a rate cut.

Dec 13, 2014

Alibaba Founder Jack Ma Becomes Asia's Richest Person

Meanwhile, Indian businessman Mukesh Ambani is ranked 32nd on the list

Dec 13, 2014

Oil Price Crash: What Does a $12 Billion Windfall Mean for Jaitley's Budget?

Finance Minister Arun Jaitley has his work cut out with the crash in oil price by almost half; seeks to balance fiscal deficit better

Dec 13, 2014

Rajan seeks 'Make in India' to become 'Primarily for India'

Raghuram Rajan cautioned the government on its Make in India strategy, wants to harness regional and domestic growth given the circumstances.

Dec 13, 2014