Economy News

Crude Oil Seen Dropping to $40 or Even $20 a Barrel this Year

King, who forecast in January that oil could test the $30 to $35 a barrel level, said he was confident of prospects for another push lower, to below $40.

Mar 16, 2015

India Telecom Spectrum Auction Bids Cross One Trillion Rupees

Major telecom operators in the market include UK-based Vodafone, Bharti Airtel, Idea Cellular, Reliance Communications, Tata Teleservices and Reliance Jio.

Mar 16, 2015

EU nears deal on €315bn plan to tackle drop in investment

EU finance ministers agreed the details of a €315bn (£224bn, $338bn) investment plan on 10 March to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year.

Mar 10, 2015

Another ₹12,600 Crore from Day 3 of Coal Auctions

Three more blocks will be put up for auction when the bidding starts on Sunday.

Mar 8, 2015

ECB to launch €1tn bond buying scheme on 9 March

The European Central Bank said on 5 March that it will launch into quantitative easing next week having increased its economic growth forecasts for this year and next.

Mar 5, 2015

China's Defence Budget to Rise by 10% Despite Slowing Economy

Money would also likely go into cyber capabilities and satellites

Mar 4, 2015

Centre Pushes Legislation on Auction of Coal, Other Minerals

The government has already identified 199 mines for auction.

Mar 2, 2015

Government Inks Monetary Policy Deal with RBI on Inflation Control

The new monetary policy framework is likely to get constitutional recognition during the course of the next fiscal.

Mar 2, 2015

Hours After Budget Fuel Retailers Hike Petrol, Diesel Prices

Following the steep rise in international crude oil prices, the prices of fuel has been hiked twice in two weeks.

Mar 1, 2015

Jaitley Avoids 'Big Bang' to Present Budget of Promise, Inclusion

Falling just short of big bang reforms called for by his own economic survey, Finance Minister Arun Jaitley on Saturday presented a Rs.17.78 lakh crore (nearly $300 billion) national budget.

Feb 28, 2015

Union Budget 2015: 'India is about to take off,' Says Jaitley Delivering His Maiden Full-Year Budget Focused On Growth

The Finance Minister presented a balanced budget on Saturday aiming to go for high growth

Feb 28, 2015

Union Budget 2015: Black Money Law Violation to Attract Rigorous Imprisonment of up to 10 Yrs

The FM introduced the initiatives of the Prime Minister Narendra Modi government in tackling the menace of black money.

Feb 28, 2015

Union Budget 2015: Excise Duty on Cigarettes go up, Tobacco Company Stocks Slip

The FM increased excise duties on cigarettes, which saw industry stocks slip.

Feb 28, 2015

Union Budget 2015: Boost to Infrastructure as Jaitley Announces ₹70,000 Cr Investment

The FM decided to go for growth and to slow down the rate of fiscal consolidation.

Feb 28, 2015

Union Budget 2015: Will Achieve Fiscal Deficit Mid-Term Target of 3%, Says Jaitley

The FM has confirmed that he will stick to the 3% fiscal deficit, but would spread it out over the next three years.

Feb 28, 2015