Economy News

Govt Appoints Panel to Evaluate Controversial New GDP Series

The panel has been asked to review manufacturing data used to calculate GDP growth.

Jun 5, 2015

India's Black Money Exceeds Govt's Expenditure on Education and Health

The report found more illicit money flowing out of poor countries.

Jun 5, 2015

All Eyes on OPEC Meeting; No Chance of Cut in Oil Output

OPEC may also be little interested to consider Iran's proposal to allow more oil exports from the country.

Jun 4, 2015

Birmingham: City plans 1 million sq ft of office space to rival London for business

The UKs second largest city wants to become a global financial services hub by 2030.

Jun 4, 2015

OECD Trims its Outlook for Global Economy

OECD expects the world economy to grow by 3.1% in 2015.

Jun 3, 2015

'Make in India' Symbol Row: DIPP Secretary Amitabh Kant Hits Back at Plagiarism Charges on Twitter

"The logo is inspired by India's strongest symbol ever, the Ashoka emblem + a bit of RBI," Kant tweeted.

Jun 3, 2015

Skymet Contradicts IMD Forecast, Sees Normal Monsoon this Year

El Nino conditions are unlikely to lead to drought in India, says Skymet.

Jun 3, 2015

Finance Minister Arun Jaitley Pitches for Larger Usage of Plastic Currency

"It's about time that we start at least printing our own currency with our own ink and paper," said Jaitley

Jun 2, 2015

Edmund Shing: UK house prices, stocks and bonds are too expensive - look to Aim and Asia

Nobel Prize winner Professor Robert Shiller famously warned that how stock markets were overvalued at height of dot-com boom

Jun 2, 2015

PM Modi's Second Year Will Also be Marked by Slow Reforms, Says Nomura

The Japanese brokerage sees the Parliament passing new land acquisition law by September and GST by December.

Jun 2, 2015

RBI to Issue Some New Banking Licences by August, Says Raghuram Rajan

Twenty-six applicants were vying for a new banking licence, of which two - Tata Sons and Videocon - withdrew their applications later.

Jun 2, 2015

Over 4 Lakh Indians to Tour US this Year, Up 42% from 2014

Number of Chinese tourists visiting US is estimated to increase by a massive 163% in 2015

Jun 2, 2015

RBI Cuts Repo Rate by 25bps for the Third Time this Year

Chances of further rate cut seem to be limited beyond this meeting.

Jun 2, 2015

Why RBI Cannot Cut Rates Beyond June Meeting

Scope for RBI rate cuts after June meeting appears to be slim.

Jun 1, 2015

Rebound in Indian Economy is in Initial Stages, Says Foreign Brokerage

Nomura still remains confident of country's GDP reaching 8 percent in the current fiscal year

Jun 1, 2015