Economy News

Gas Rates Set to Go Up after Rail Fares and Sugar Prices

While the Bharatiya Janata Party had promised "Acche Din" to citizens during its election campaign that brought the Narendra Modi-government to power, prices of several essentials have seen a rise, the most recent being an anticipated hike in gas prices.

Jun 24, 2014

Government Raises Import Duty on Sugar by More than Double to Strengthen Industry

India is all set to raise the import duty on sugar, in order to boost the domestic industry.

Jun 23, 2014

Union Budget to be Presented on 10 July

The country will get its annual budget for 2014-15 on 10 July, Cabinet Committee on Parliamentary Affairs decided.

Jun 23, 2014

Maharashtra BJP to Send Delegation to Delhi to Ask for Rollback in Fare Hike for Suburban Railways

Even as the Bharatiya Janata Party-led central government faces stinging opposition to its decision to hike railway fares from various parties across the country, it is now also seeing growing resentment within its own party, with the Maharashtra BJP unit also demanding a rollback.

Jun 23, 2014

Rail Fare Hike Likely to Divert Passengers towards Air Travel?

Indian Railways might be looking forward to surplus revenues for FY15 through rail fare hike, but the experts hold a different view and note that the hike might shift passengers towards air travel.

Jun 23, 2014

Analysts Expect Range Bound Trade; Agro-based Stocks Down Ahead of Monsoon and Budget

On Friday, BSE Sensex recorded a two-week low at 25,105.51 points. Along with Sensex; BSE 100, Mid Cap, Small Cap and BSE 200 also recorded low.

Jun 23, 2014

Raghuram Rajan Assures that India has Sufficient Oil Reserves to Sustain Iraq Crisis

While the whole world has its eyes on the Iraq crisis and the effect it is going to have on the supply of crude oil, RBI governor Raghuram Rajan has said that the country need not worry about the external shocks due to Iraq crisis, as India has sufficient reserves to deal with inflation and budget risk arising from hike in oil prices.

Jun 23, 2014

India to Get List of Swiss Account Holders Soon, SIT Set to Fulfill Modi's Promise

One of the first things that Prime Minister Narendra Modi did after coming to power was promise to bring back India's black money stashed abroad and constituted a Special Investigation Team (SIT) for the purpose.

Jun 23, 2014

Five Things to Expect from Union Budget 2014-15

With just a few weeks to go for the Budget Session to kick off in the Parliament, several proposals have been put forth to the government. We have highlighted five things to expect from the Budget if the proposals are accepted.

Jun 21, 2014

UP Budget: Focus on Development Sectors, Free Skill Development Training for Six Lakh Youth

In the 2014-15 state budget, UP chief minister has wiped out most of the freebies and has focused on basic necessities including infrastructure, energy and job creation.

Jun 21, 2014

Centre Slammed for Rail Fare Hike, Opposition says it will Affect Poor and Increase Food Inflation

The Central government, which hiked rail fares for passengers by 14.2 percent on Friday, came under the line of fire from the opposition and other parties who demanded a rollback.

Jun 21, 2014

Government Hikes Rail Fare by 14.2%

The railway ministry has raised the ticket fare by 14.2 percent and freight charges by 6.5 percent.

Jun 20, 2014

Union Budget 2014-15: 10 Terms Buzzing ahead of Budget Session

With a few weeks to go for the Budget session to begin, certain terms are being popularly used in the run up to the Union Budget.

Jun 20, 2014

Rupee Records 13 Paise Loss, Crude Oil Hits Nine-month High on Iraq Crisis

The Indian Rupee opened lower by 13 paise at 60.21 per dollar at early trade on Friday in Interbank foreign exchange market. Its previous closing value recorded 60.08 a dollar on Thursday. The rupee weakened due to demand for dollars amid rising global crude oil prices.

Jun 20, 2014

Raghuram Rajan Criticizes Srikrishna Committee Recommendations, Opposes Bringing All Regulators into One

Reserve Bank of India (RBI) governor Raghuram Rajan opposed recommendations in the BN Srikrishna Committee report, and termed merging of all regulators into one entity as "schizophrenic".

Jun 19, 2014