Economy News

Jharkhand Government Shuts 12 Iron Ore Mines Following Lease Expiry

The Jharkhand state government has ordered the closure of 12 out of its 17 iron ore mines due to expired leases.

Sep 11, 2014

Demand-Supply Mismatch: Electricians Earn as Much as Desktop Engineers

Sourcing of skilled workers is becoming harder than before

Sep 10, 2014

World Bank Warns G20 Members of Global Jobs Crisis

The World Bank said an additional 60 crore jobs are needed by 2030.

Sep 9, 2014

Crisil Chief Executive Roopa Kudva Stepping Down After 7 Years at Helm

Crisil shares fall after the news broke that lont-time CEO is stepping down.

Sep 9, 2014

Diesel may get Cheaper as Crude Oil Price Tumbles

Price review likely on 15 September. Final decision to be taken after consulting finance ministry.

Sep 9, 2014

RBI Governor Raghuram Rajan's First Year: Actions and Impact

After Rajan became RBI governor, the rupee gained, inflation slid and economic output got stronger

Sep 6, 2014

India Hopes Oz Nuclear Deal will Boost Power Supply after Adding 10 Power Plants, Industries Keen

After the deal, Indian government hopes to increase its nuclear capacity to 63,000 MW by 2032 by adding 10 more reactors with an estimated cost of $85 billion.

Sep 5, 2014

Shah Rukh Becomes First Actor to Enter 'Richest Indians List'; Mukesh Ambani Remains on Top

Shah Rukh Khan, who was named as the second richest actor in the world, has now secured a place in the richest Indian list.

Sep 4, 2014

Lantern Days Back in India? Power Plants Left with 2 Days of Coal Stock

Currently no solution for low coal stocks. Government is yet to arrange for import of coals: CIL official

Sep 4, 2014

Pak's Commitment to IMF Seems Uncertain as Protests Erode Economic Stability

The worsening protest and violence has turned off the confidence of IMF and investors towards Pakistan.

Sep 3, 2014

Reserve Bank Rule Stalls Modi's Infrastructure Dream

The RBI's ban on banks to invest in infrastructure bonds has stalled Modi's dream of infrastructure development of India by 2022.

Sep 1, 2014

What Does Q1 Economic Growth, Fastest in Two Years, Mean for You?

The growth could push industrial growth, job opportunities and income.

Aug 30, 2014

India Sees Fastest Growth in Two Years, But is it Really a Sign of Turnaround?

The Gross Domestic Product (GDP) grew by 5.7 percent in April-June, the highest in nine quarters.

Aug 30, 2014

IMF List of 25 Brightest Young Economists Features 4 of Indian Origin

Raj Chetty, Gita Gopinath, Parag Pathak and Amit Seru among global economic thought leaders.

Aug 29, 2014

Modi Launches Jan Dhan Yojana: 1.5 Crore Bank Accounts Opened

Modi stated that the scheme will help get rid of financial untouchability in the country.

Aug 28, 2014