Economy News

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

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

RBI Puts Confidence in Modi's Stable Government ahead of Budget Session

Modi government seems to be getting the backing of RBI expressing confidence of economic recovery.

Jun 27, 2014

Indian Market Opens High, Pharma and IT Sector Surge

The Sensex on Friday opened higher at 25132.08 points by surge of 69.14 points and Nifty at 7514.20.

Jun 27, 2014

Hamid Ansari Reaches China: Discussion to Achieve Stable Trade Relation

Hamid Ansari, along with Nirmala Sitharaman, is on his five-day visit to China to discuss bilateral issues.

Jun 27, 2014

Rupee Gains Against Dollar in Early Trade

The Indian rupee strengthened by 6 paise at 60.08 per dollar versus Thursday's closing of 60.14 a dollar at the Interbank Foreign Exchange Market on Friday.

Jun 27, 2014