Economy News

Govt's claim of saving Rs 12,700 crore on LPG subsidy transfer large overestimate: Canada's IISD

The IISD estimate is just 1.12% of the government's claimed figure.

Oct 8, 2015

Greek PM says first bailout review must be concluded within November

Athens hopes that a debt relief will help it regain market access in 2017.

Oct 8, 2015

Anti TTIP campaigners hand in 3 million petition to European Commission to scrap controversial deal

Campaigners say the deal could impact on EU food, health and environmental safety laws

Oct 7, 2015

Traders earned Rs 8,000 crore by 'manipulating' onion prices in August, September

Retail prices of onions rose to as high as Rs 70/kg in many parts of the country in August and September.

Oct 7, 2015

IMF slashes India's GDP forecast to 7.3% for FY16

India would remain the fastest growing economy in the world even if it meets the current estimate of IMF.

Oct 7, 2015

Rugby World Cup 2015: Early England exit could cost country £3bn

Essay published by London Business School argues Englands Rugby World Cup exit could hurt economy.

Oct 6, 2015

Govt hopeful of implementing GST bill next year, says PM Narendra Modi

"We have clearly articulated that we will not resort to retrospective taxation," Prime Minister Narendra Modi said.

Oct 6, 2015

7th pay panel to be 'mindful' of govt's fiscal burden

The panel's report will be "scrutinised by a secretariat to be set up in the Finance Ministry".

Oct 6, 2015

Slowing Chinese economy will not impact India: Jaitley

"We are not a part of the Chinese supply chain," he said.

Oct 6, 2015

India top Asian country to send scientists and engineers to US: Report

From 2003 to 2013, the number of scientists and engineers residing in the US rose from 21.6 million to 29 million.

Oct 6, 2015

George Osborne: Whitehall will give councils control of £26bn in devolution revolution

The chancellor unveiled the major tax policy at the Conservative conference in Manchester.

Oct 5, 2015

PM Narendra Modi world's 13th most influential person, says Bloomberg's annual list

However, Modi ranked below Chinese President Xi Jinping, US President Barack Obama and German Chancellor Angela Merkel.

Oct 5, 2015

Modi, Merkel to hold discussions on technology in Bengaluru

After viewing presentations on Bosch engineering and business solutions and vocational centre, both the leaders will walk through its facilities and interact with its executives.

Oct 5, 2015

Cut in domestic gas prices will impact investment: Moody's

Earlier, Standard & Poor's said the 18% cut in domestic prices of natural gas will discourage oil exploration and production companies from committing new capital expenditure.

Oct 5, 2015

Bulk of black money still within India, says Arun Jaitley

India needs a change in attitude where plastic currency becomes the norm and cash an exception, says the finance minister.

Oct 4, 2015