Economy News

George Osborne Woos Modi With Lavish Praises; Admires PM's 'Ambition, Drive, Pace'

British Chancellor George Osborne has thrown lavish praises on the PM declaring his admiration for Modi's "ambition, drive and pace."

Jul 7, 2014

Budget Session Live: Before Railway Budget, Jaitley Blames Congress For Poor Condition of Railways, Defends Rail Fare Hike

Timely updates from the first day of the Budget Session (Live Updates)

Jul 7, 2014

Arun Jaitley Fears Hoarding as Probability of Drought Looms in India

In light of drought forecasts, Jaitley asked the state governments to take effective measures to crack down hoarders and black marketers.

Jul 4, 2014

Modi Wants Indian Railways to be Better Than Airports, Calls for Private Sector Role

This comes as an indication of the Modi government's willingness to increase private investment in the Railways just a few days ahead of the presentation of the Railway Budget.

Jul 4, 2014

Union Budget 2014: Know Your Facts

The newly elected Narendra Modi government is set to present its first Budget on 10 July, three days after the Budget session begins in Parliament.

Jul 3, 2014

India Allocates Additional 50 Lakh Tonnes Rice for People Below and Above Poverty Line

Indian government has allocated additional 50 lakh tonnes of rice for the BPL and APL families across the country.

Jul 3, 2014

LPG, Kerosene Price Hike Withheld Until Government Reviews State Specific Costs Scheme

The Union government has put on hold the upward revision of the domestic LPG and PDS kerosene prices to be brought into effect in July 2014 in certain states. The government will review the State Specific Costs scheme and will come up with a final decision.

Jul 3, 2014

Arun Jaitley Lists Out Economic Problems; Promises Solutions ahead of Union Budget

Jaitley said that the government would focus on fiscal prudence over "mindless populism" for the Union Budget.

Jul 2, 2014

Prices on Rise Days before Union Budget

It's less than a week to go before the Modi government's first budget session begins in the Parliament on 7 July, and it seems to be facing one price hike after another in quick succession.

Jul 1, 2014

Indian Rupee, Market Open High; Oil prices Hiked

The BSE-Sensex rose 0.44 percent, while the NSE Nifty gained 0.31 percent on Tuesday.

Jul 1, 2014

A rangoli showing a map of India with an image of Modi, prime ministerial candidate for BJP, is pictured in the premises of the party's regional office in the western Indian city of Ahmedabad

Government to Increase Social Sector Spending through Plan Outlay?

Modi government is also expected to spend more on social sector schemes in this fiscal year.

Jun 30, 2014

Ranbaxy's Journey over the Years

In 1937, cousins Ranjit Singh and Gurbax Singh started as Indian distributors of vitamin-drugs for Japanese pharmaceutical company in Amritsar.

Jun 30, 2014

As Western Nations Seek to Invest in India's Defence, A Look at the Sector in Numbers

With the Centre likely to announce a bigger cap of foreign investment in India's defence sector, leaders from various western nations are set to visit India soon to discuss the deal.

Jun 30, 2014