Economy News

Dholera, Gujrat To Kick-Off India's Ambitious Smart Cities Infra Project, Japanese Investment at $4.5bn

The 2,700 km DMIC project is finally taking shape, with the Japanese helping with technology, consultancy services and funding

Jan 5, 2015

Crude Oil Freefall: 'Picking a Bottom Could be Deadly'

Brent Crude prices took another hit falling 1.8 percent to $55.42 per barrel on Monday marking another decline due to the global oil oversupply.

Jan 5, 2015

Coal Unions Plan 'Militant' Five-day Strike From Tuesday; Power Cuts Possible

CIL has increased coal rake movement to 225 a day from 207 in a bid to increase coal stocks with power generation units.

Jan 5, 2015

IT Workers To Unionise? TCS Retrenchment 'Limited' to 3,500 Employees

IT workers with eight-years of work experience are allegedly marked for retrenchment to make way for younger colleagues.

Jan 5, 2015

Modi's 'Make in India' Hugely Successful: Facebook Page Adds New Members Every 3 Seconds [VIDEO]

According to an unofficial statement from the government, "Make in India" has already touched over 2.1 billion global impressions on social media.

Jan 4, 2015

Banking Sector Needs Reforms, Says Jaitley

He called for 'conceiving' several reforms to the banking sector and 'the need for greater autonomy' being granted to banks.

Jan 3, 2015

Arvind Panagariya -- Meet the Man Who Will Implement Modi's Plans for Economy

Jagdish Bhagwati favored his protege, Panagariya, to become the chief economist to Narendra Modi, in April.

Jan 3, 2015

Government Plans Massive Public Investment to Boost Economy

The Narendra Modi government's growth strategy for fiscal 2015-16 is three-pronged – increase in public investment, easing fiscal roadmap and higher revenue generation from oil, spectrum and disinvestment.

Jan 3, 2015

Javadekar Eases Green Norms For 'Linear' Infra Projects

On receiving the necessary approvals, infra projects can go ahead with tree cutting and commence work if the necessary funds are in place

Jan 2, 2015

Iran Calls on Saudi Arabia to Control OPEC Oil Supply; Prices Could Tumble to $30?

As oil prices fell to new six-year lows last week, Iran called on OPEC leader Saudi Arabia to take a stance on the global oil glut that has been plaguing the markets.

Jan 2, 2015

Manufacturing PMI Zooms to Two-Year High Of 54.5 in December

Expectations run high on government reforms and RBI rate cut.

Jan 2, 2015

Reforms Push Gets Boost in 2015, Says Jaitley

Reforms introduced will realise GDP expansion, said Jaitley, with projections at 5.5% for FY 2014/15.

Jan 1, 2015

US Federal Reserve Tool Recommends Immediate Rate Hike

A tool developed by the US Federal reserve to forecast financial actions and decisions reportedly calls for an immediate interest rate hike, according to a paper published by Philadelphia Fed president Charles Plosser.

Jan 1, 2015

India's Fiscal Deficit Zooms as Revenue Realisation Falters

A cut in non-plan expenditure and more disinvestment could help rein in the deficit

Jan 1, 2015

Infrastructure Growth Rises to 5-Month High of 6.7% in November

The core sector of India's infrastructure platform, accounting for 38% of its total output, grew by a five-month high at 6.7%.

Jan 1, 2015