Economy News

ECB to launch €1tn bond buying scheme on 9 March

The European Central Bank said on 5 March that it will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

Mar 5, 2015

China's Defence Budget to Rise by 10% Despite Slowing Economy

Money would also likely go into cyber capabilities and satellites

Mar 4, 2015

Centre Pushes Legislation on Auction of Coal, Other Minerals

The government has already identified 199 mines for auction.

Mar 2, 2015

Government Inks Monetary Policy Deal with RBI on Inflation Control

The new monetary policy framework is likely to get constitutional recognition during the course of the next fiscal.

Mar 2, 2015

Hours After Budget Fuel Retailers Hike Petrol, Diesel Prices

Following the steep rise in international crude oil prices, the prices of fuel has been hiked twice in two weeks.

Mar 1, 2015

Jaitley Avoids 'Big Bang' to Present Budget of Promise, Inclusion

Falling just short of big bang reforms called for by his own economic survey, Finance Minister Arun Jaitley on Saturday presented a Rs.17.78 lakh crore (nearly $300 billion) national budget.

Feb 28, 2015

Union Budget 2015: 'India is about to take off,' Says Jaitley Delivering His Maiden Full-Year Budget Focused On Growth

The Finance Minister presented a balanced budget on Saturday aiming to go for high growth

Feb 28, 2015

Union Budget 2015: Black Money Law Violation to Attract Rigorous Imprisonment of up to 10 Yrs

The FM introduced the initiatives of the Prime Minister Narendra Modi government in tackling the menace of black money.

Feb 28, 2015

Union Budget 2015: Excise Duty on Cigarettes go up, Tobacco Company Stocks Slip

The FM increased excise duties on cigarettes, which saw industry stocks slip.

Feb 28, 2015

Union Budget 2015: Boost to Infrastructure as Jaitley Announces ₹70,000 Cr Investment

The FM decided to go for growth and to slow down the rate of fiscal consolidation.

Feb 28, 2015

Union Budget 2015: Will Achieve Fiscal Deficit Mid-Term Target of 3%, Says Jaitley

The FM has confirmed that he will stick to the 3% fiscal deficit, but would spread it out over the next three years.

Feb 28, 2015

Economic Survey 2015: Adopt Direct Cash Transfer; Overhaul Food Subsidies, Says Report

The report, which acts as the basis for the Union Budget 2015-16, noted that food subsidy reforms needed more work.

Feb 27, 2015

Economic Survey 2015: India's FY2016 Growth Estimated at 8.5%; FY2015 to Grow at 7.4%

Highlights of the Economic Survey presented on Friday

Feb 27, 2015

Economic Survey 2015: Should India Focus on 'Make In India' or 'Skilling India'? Both, Says Survey

The Economic Survey's take on the direction and the strategy India will need to adopt to expand its economy.

Feb 27, 2015

Jordan and Israel agree $900m Red Sea-Dead Sea pipeline

Jordan and Israel signed an agreement on 26 February to go ahead with a World Bank-sponsored project to build a desalination plant in the Gulf of Aqaba and a pipeline linking the Red Sea with the Dead Sea.

Feb 27, 2015