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Economy News

Finance Minister Arun Jaitley

Finance Minister Arun Jaitley Pitches for Larger Usage of Plastic Currency

"It's about time that we start at least printing our own currency with our own ink and paper," said Jaitley Jun 2, 2015
edmund-shing-uk-house-prices-stocks-and-bonds-are-too-expensive-look-to-aim-and-asia

Edmund Shing: UK house prices, stocks and bonds are too expensive - look to Aim and Asia

Nobel Prize winner Professor Robert Shiller famously warned that how stock markets were overvalued at height of dot-com boom Jun 2, 2015
Narendra Modi

PM Modi's Second Year Will Also be Marked by Slow Reforms, Says Nomura

The Japanese brokerage sees the Parliament passing new land acquisition law by September and GST by December. Jun 2, 2015
Reserve Bank of India

RBI to Issue Some New Banking Licences by August, Says Raghuram Rajan

Twenty-six applicants were vying for a new banking licence, of which two - Tata Sons and Videocon - withdrew their applications later. Jun 2, 2015
Statue of Liberty/Reuters

Over 4 Lakh Indians to Tour US this Year, Up 42% from 2014

Number of Chinese tourists visiting US is estimated to increase by a massive 163% in 2015 Jun 2, 2015
RBI

RBI Cuts Repo Rate by 25bps for the Third Time this Year

Chances of further rate cut seem to be limited beyond this meeting. Jun 2, 2015
RBI Governor Raghuram Rajan

Why RBI Cannot Cut Rates Beyond June Meeting

Scope for RBI rate cuts after June meeting appears to be slim. Jun 1, 2015
A worker operates a drilling machine as he makes parts for diesel water pumps inside his workshop in Ahmedabad, India, May 4, 2015.

Rebound in Indian Economy is in Initial Stages, Says Foreign Brokerage

Nomura still remains confident of country's GDP reaching 8 percent in the current fiscal year Jun 1, 2015
Arun Jaitley

Service Tax Raised to 14%; Travel, Mobiles, Restaurants to be Costlier from 1 June

There will be 0.5% hike in AC and First Class fare and freight charges. May 31, 2015
Children wash their hands in a partially dried-out natural pond at Badarganj village, in the western Indian state of Gujarat,

India Likely to Face 'Significant' Drought, Says US Agency

It would further impact food prices that are already rising due to unseasonal rains. May 30, 2015
Indian Economy

India's GDP Growth Exceeds China's for Second Straight Quarter

However, analysts are not convinced by the impressive growth as the underlying picture remains weak. May 29, 2015
RBI

What Foreign Brokerages Expect from RBI Meeting Next Week

Most of the economists including Finance Minister Arun Jaitley expect the central bank to cut repo rate by 25 basis points. May 29, 2015
one-world-trade-center-watch-this-amazing-11-year-timelapse-of-buildings-construction

One World Trade Center: Watch this amazing 11-year timelapse of buildings construction

Amazing timelapse marks opening of the One World Observatory visitors centre at the top of New York Citys tallest tower. May 29, 2015
Modi

Why Economists See PM Modi's Second Year as More Challenging

Bihar's assembly polls will have an impact on the government's reforms agenda, says Bank of America Merrill Lynch. May 28, 2015
Indian Economy

India to Outgrow China For Second Straight Quarter

The new method of calculating GDP does not match underlying weakness on various fronts. May 28, 2015
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