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Economy News

A coal mine in India

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

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
Chinese New Year

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

Money would also likely go into cyber capabilities and satellites Mar 4, 2015
A coal mine in India

Centre Pushes Legislation on Auction of Coal, Other Minerals

The government has already identified 199 mines for auction. Mar 2, 2015
The Reserve Bank of India logo is pictured outside its head office in Mumbai

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
petrol diesel price hike

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
Arun Jaitley

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
Finance Minister Arun Jaitley

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
Black money

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
Indian cigarette smoker

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
Infrastructure

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
Finance Minister Arun Jaitley

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
Indian Economy

Economic Survey 2015: Adopt Direct Cash Transfer; Overhaul Food Subsidies, Says Report

The report, which acts as the basis for the Union Budget 2015-16, noted that food subsidy reforms needed more work. Feb 27, 2015
Indian Economy

Economic Survey 2015: India's FY2016 Growth Estimated at 8.5%; FY2015 to Grow at 7.4%

Highlights of the Economic Survey presented on Friday Feb 27, 2015
Indian Economy

Economic Survey 2015: Should India Focus on 'Make In India' or 'Skilling India'? Both, Says Survey

The Economic Survey's take on the direction and the strategy India will need to adopt to expand its economy. Feb 27, 2015
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