Economy News

Elections 2015: Is Sri Lanka Ready for Peace and 'Inclusive' Democracy?

Even as Rajapaksa and Sirisena fight out the elections, the promise of lasting peace appears like an illusion.

Jan 7, 2015

Budget 2015/16 Must Induce People To Spend - India Inc To Jaitley

India Inc asks for tax rationalization and gold-backed schemes to help monetize funds for retail and public spending.

Jan 7, 2015

Putin's Leadership Threatened as Russian Economy Starts to Slide

As the Russian economy is threatened by a deep recession, analysts say Putin's leadership is at stake and that he might have to resign.

Jan 7, 2015

Banking Consortium Slaps Vijay Mallya with Contempt Application

The new year brings a new set of trouble for Vijay Mallya with the banking consortium alleging violation on the undertaking given to the DRT.

Jan 7, 2015

Unionization Of IT Employees? A Resounding 'No!'

The move to unionize IT staff is shortsighted and would steal the industry of its ability to self-regulate and adapt to economic and technological realities.

Jan 6, 2015

TCS Jobcuts and Unionisation Drive: Existential Threat to India's Knowledge-Driven IT Industry?

Trade unions, until recently considered a taboo in the IT industry, are seeking to ingrain themselves with employees facing the axe.

Jan 6, 2015

Dholera, Gujrat To Kick-Off India's Ambitious Smart Cities Infra Project, Japanese Investment at $4.5bn

The 2,700 km DMIC project is finally taking shape, with the Japanese helping with technology, consultancy services and funding

Jan 5, 2015

Crude Oil Freefall: 'Picking a Bottom Could be Deadly'

Brent Crude prices took another hit falling 1.8 percent to $55.42 per barrel on Monday marking another decline due to the global oil oversupply.

Jan 5, 2015

Coal Unions Plan 'Militant' Five-day Strike From Tuesday; Power Cuts Possible

CIL has increased coal rake movement to 225 a day from 207 in a bid to increase coal stocks with power generation units.

Jan 5, 2015

IT Workers To Unionise? TCS Retrenchment 'Limited' to 3,500 Employees

IT workers with eight-years of work experience are allegedly marked for retrenchment to make way for younger colleagues.

Jan 5, 2015

Modi's 'Make in India' Hugely Successful: Facebook Page Adds New Members Every 3 Seconds [VIDEO]

According to an unofficial statement from the government, "Make in India" has already touched over 2.1 billion global impressions on social media.

Jan 4, 2015

Banking Sector Needs Reforms, Says Jaitley

He called for 'conceiving' several reforms to the banking sector and 'the need for greater autonomy' being granted to banks.

Jan 3, 2015

Arvind Panagariya -- Meet the Man Who Will Implement Modi's Plans for Economy

Jagdish Bhagwati favored his protege, Panagariya, to become the chief economist to Narendra Modi, in April.

Jan 3, 2015

Government Plans Massive Public Investment to Boost Economy

The Narendra Modi government's growth strategy for fiscal 2015-16 is three-pronged – increase in public investment, easing fiscal roadmap and higher revenue generation from oil, spectrum and disinvestment.

Jan 3, 2015

Javadekar Eases Green Norms For 'Linear' Infra Projects

On receiving the necessary approvals, infra projects can go ahead with tree cutting and commence work if the necessary funds are in place

Jan 2, 2015