Economy News

7th Pay Commission Recommendations to Push Government's Salary Bill to Over ₹ 1 lakh Crore: Finance Ministry

The 7th Pay Commission is likely to hike salaries of government employees by nearly 40%, says an analyst at Credit Suisse

Aug 12, 2015

Asian Currencies Pummelled as China Devalues Yuan Again: How a Global 'Currency War' Will Impact India

Yuan devaluation will further push back expectations of an RBI rate cut in near future.

Aug 12, 2015

Rupee Plunges to 2-Year Low on Yuan Devaluation Fears

The tumbling rupee led to a rise in share prices of Indian IT companies.

Aug 12, 2015

Dollar Lurches Higher as China Devalues Yuan to 3 Year Low

Chinese share markets were holding steady following hefty gains on Monday.

Aug 11, 2015

Indian Railways May Start Declaring Quarterly Results

Cash-starved Indian Railways aims to raise $120 billion over the next five years

Aug 10, 2015

Modi Government May Save Rs 88,800 Crore This Year From Cheaper Crude Oil Prices: Report

But the gains will be capped by a continued depreciation in Indian rupee

Aug 10, 2015

Oil Prices Drop as US Adds More Oil Rigs

US oil companies added more oil rigs this week despite the plunge in crude prices.

Aug 8, 2015

Time is Running Out for Further RBI Rate Cuts This Fiscal: BofA Merrill Lynch

The brokerage estimates the credit growth to have fallen to 10% from 21%.

Aug 7, 2015

How Pay Commissions Play a Key Role in Boosting India's Growth

Salary hike recommended by 6th Pay Commission had partly offset the impact of Lehman crisis of 2008 on India

Aug 5, 2015

RBI Keeps Repo Rate Unchanged; Analyst Says No Signal to End Loosening Cycle

A key concern for the RBI governor is impending interest rate hike by the US central bank in September.

Aug 4, 2015

Oil Prices Rise 5% Fall, But Outlook Weak

Although prices edged up in early trading on Tuesday, with Brent 37 cents higher at $49.89 a barrel, analysts said further price falls were expected.

Aug 4, 2015

RBI Governor Rajan May Cut Key Rate by 25bps at Tuesday's Meeting: Moody's

Markets are widely expecting the central bank to keep policy rates on hold at the meeting.

Aug 3, 2015

What Foreign Brokerages Expect from RBI Meeting on 4 August

The RBI had expressed concern over the rise in inflation last month.

Aug 1, 2015

Calais migrant crisis: The cost of Operation Stack to the UK economy

Local businesses suffer as M20 in Kent is closed due to chaos in Calais

Jul 31, 2015

Monsoon, Crude Oil, Global Cues Augur Well for RBI Rates Cut

In June, the RBI Governor had cautioned that the outcome of monsoon rainfall is the biggest risk ahead for the economy.

Jul 31, 2015