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Economy News

Indian Prime Minister Narendra Modi

Budget 2015: Modi Chairs Maiden NITI Aayog Meeting, Discusses Economic Policy Formulation with Noted Economists

The maiden NITI Aayog meeting saw discussions between the PM and economists on attracting investment, boosting domestic savings and the condition of agricultural sector and financing infrastructure. Feb 7, 2015
Defence Minister Manohar Parrikar

Defence Production Reforms Will be Ready Soon, Says Parrikar

He says 'proper' laws should be framed for defence projects Feb 6, 2015
Finance Minister Arun Jaitley

Global Bodies Lined up for Funding Infrastructure Development: Arun Jaitley

Arun Jaitley told industrialists that the expected infra boom would witness a combination of funding, which would see significant participation from international bodies. Feb 6, 2015
Huawei P8 Release Date; Invites Sent Out For April 15; Fingerprint Scanner, OIS Camera In The Books

'Make in India' Scheme: Huawei Invests $170 mn in R&D Facility in Bangalore

Huawei has opened its largest R&D center in Bangalore, which is expected to seat 5,000 employees. Feb 6, 2015
Raghuram Rajan

Budget 2015: RBI Governor Raghuram Rajan Favours Higher Tax Exemption Limit On Financial Investments

A rise in the limit will improve savings rate Feb 5, 2015
Finance Minister Arun Jaitley

₹80,000 Cr of Unspent Funds at Jaitley's Disposal to Help Limit Fiscal Deficit to 4.1%

The finance minister is expected to use the amount unspent by government agencies to help cover the budget deficit. Feb 4, 2015
AirAsia India launched a week-long sale offering one-way tickets prices as low as Rs 699 including taxes.

AirAsia India Planning To Launch Red-Eye Flights; Fares May Go Down

AirAsia India is planning to launch red-eye flights. Feb 4, 2015
Indian Prime Minister Narendra Modi

World's Top Sovereign Wealth Funds Listen to Modi's Reform Plans

He was addressing 20 top global investors who manage assets worth about $11 trillion globally Feb 4, 2015
ONGC

Modi Gets Cracking on State-Owned Institutions to Spend $19bn Cash Hoard

The Modi government has gone after state-owned entities, sitting on piles of cash, to deploy the asset into capital expenditure and to increase overseas investments. Feb 3, 2015
Dr.Raghuram Rajan, RBI Director

RBI Holds Rate; Says Tracking Govt Fiscal Consolidation and Inflation

The RBI has decided to hold rates steady, at least until the Fiscal Budget to be presented on Feb 28. Instead, it decided to lop off 50 basis points on SLR, which frees us additional funds for banks to increase lending. Feb 3, 2015
Mukesh Ambani

Reliance, Bharti, Aditya Birla Apply for India's Payments Bank Licence

Some of India's largest business houses and a few obscure names have applied for the payments bank licence with the RBI. Feb 3, 2015
Narendra Modi

Budget 2015: Prime Minister's Office Solicits Inputs from Economists

The Prime Minister's Principal Secretary has reached out to economists and help define and design the upcoming Budget Feb 3, 2015
ONGC

Govt to Opt for More PSU Stake Sale in Feb and March, Hopes to Raise ₹43,425 crore to Meet Disinvestment Target

The government is expected to see ONGC, IOC and NHPC share being sold in the next two months to help fund the fiscal deficit. Jan 31, 2015
Oil storage tanks

India to Commission 5-mt Underground Oil Storage Reserves by October

The Indian Government is expected to commission a 5 million tonne underground storage facility. Jan 31, 2015
Growth

Fiscal Deficit Breaches Full-Year Target in December 2014

The fiscal deficit target was breached in end of December 2014. The government hopes that the disinvestment and mobile spectrum auction would provide the necessary funds to meet the 4.1% deficit target Jan 31, 2015
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