Economy News

Bank deposit growth rate in FY16 falls below five-decade low

Bank deposits grew 9.72 percent as on April 1, 2016, year-over-year, lower than the five-decade low of 9.9 percent as on March 18, according to the RBI.

Apr 21, 2016

Indian Railways capital expenditure rose to a new high in FY16: Report

The capital expenditure of Indian Railways in 2015-16 was Rs. 94,000 crore, up Rs. 37,000 crore YoY, the Economic Times reported.

Apr 21, 2016

Generali Future Generali India Insurance Company

Future Generali India Insurance expects rural, micro-insurance to grow by 30%

Future Generali India Insurance has tied-up with 10 banks in Maharashtra to tap the growing insurance segments.

Apr 20, 2016

Rupee gains for second straight day

The Indian rupee gained 33 paise on Wednesday to close at 66.23 to the US dollar on sustained selling by bankers and exporters.

Apr 20, 2016

Steel production World Steel Association

World steel production plunges 3.6% in the first three months of 2016

The three-month steel production in 2016 was 385.67 mt, down from 400.27 mt in the corresponding period of 2015, according to World Steel Association.

Apr 20, 2016

RBI Governor Raghuram Rajan says no need to get hyper over India's growth rate

India needs to repeat this performance for the next 20 years to earn a decent livelihood for every Indian, Rajan said.

Apr 20, 2016

Indians sent $4 billion for students studying overseas in FY16

This is approximately 187 percent more than $1.32 billion in outward remittances for educational purposes in 2014-15.

Apr 19, 2016

taj mahal tourism in india incredible india FTA

Foreign tourist arrivals up 12% in March

During the month, 8.17 lakh foreign tourists visited India as compared to 7.29 lakh in March 2015.

Apr 19, 2016

Maharashtra may halt water supply to breweries in Aurangabad from May

The Maharashtra government will review on April 30 the 20 percent water supply cut to breweries and distilleries till the end of the month.

Apr 19, 2016

India, US must increase bilateral trade to $500 billion, says US official

Indian-owned companies in the U.S. employ around 44,000 people and contribute $2 billion to U.S. exports.

Apr 19, 2016

Rajan says forex intervention to continue to reduce volatility

India will intervene in the currency market when there's a sustainable risk in global markets, Rajan said.

Apr 19, 2016

India's March trade deficit narrows to $5.07 billion

Rapid shrinking in imports aided by falling crude oil prices contributed to the lowest deficit in five years.

Apr 19, 2016

India Petrol fuel consumption petrol station fuel station

Fuel consumption in India rose to 8-year high in FY16

The spurt was caused mainly by a fall in average retail prices of petrol, diesel and jet fuel, mirroring falling crude oil prices globally.

Apr 18, 2016

India demands larger say for developing countries in World Bank agencies

Speaking at the World Bank Development Committee Meeting, Arun Jaitley said the World Bank Group should expand its annual lending to $100 billion.

Apr 18, 2016

IAF charts out Rs. 2.5 lakh crore modernisation plan

The Indigenisation Roadmap for 2016-2025 would detail services and technologies that the IAF requires and share them with the private sector.

Apr 18, 2016

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Economy News

Bank deposit growth rate in FY16 falls below five-decade low

Indian Railways capital expenditure rose to a new high in FY16: Report

Future Generali India Insurance expects rural, micro-insurance to grow by 30%

Rupee gains for second straight day

World steel production plunges 3.6% in the first three months of 2016

RBI Governor Raghuram Rajan says no need to get hyper over India's growth rate

Indians sent $4 billion for students studying overseas in FY16

Foreign tourist arrivals up 12% in March

Maharashtra may halt water supply to breweries in Aurangabad from May

India, US must increase bilateral trade to $500 billion, says US official

Rajan says forex intervention to continue to reduce volatility

India's March trade deficit narrows to $5.07 billion

Fuel consumption in India rose to 8-year high in FY16

India demands larger say for developing countries in World Bank agencies

IAF charts out Rs. 2.5 lakh crore modernisation plan

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