Economy News

Infrastructure Growth Rises to 5-Month High of 6.7% in November

The core sector of India's infrastructure platform, accounting for 38% of its total output, grew by a five-month high at 6.7%.

Jan 1, 2015

A farm worker next to the Tata Motor's mothballed plant in West Bengal

Modi's Land Acquisition Reforms are Industry-Friendly but Farmers Feel Ripped Off

The ambitious agenda belies complex and worrisome socio-economic issues.

Dec 30, 2014

Brent Crude Prices Fall to Five-Year Lows at $57 Despite Libyan Output Disruption

Brent Crude prices slid to a new five-year low hovering at $57 on Tuesday even though output disruptions in Libya put a temporary hold on the global supply glut.

Dec 30, 2014

No Pressure on RBI To Cut Rates, Insists Jaitley

The finance minister has denied pressurizing the RBI Governor to cut rates, after his reference to 'high cost of capital' sent the markets soaring in the expectation of a rate cut.

Dec 29, 2014

Commerce and Industry Minister Nirmala Sitharaman on the right

FDI rises 25% in April to October to $17.35 bn, Says Nirmala Sitharaman

The nation has witnessed foreign direct investment raise by 25%

Dec 29, 2014

Vijay Mallya's Kingfisher Airlines Set to Lose Flying Licence on 31 December

Mallya is all set to be slapped with a wilful defaulter tag by UBI, after the Calcutta High Court rejected the bank's action on technical grounds; also Kingfisher Airlines would see its Air Operator Permit expiring on 31 December. ₹

Dec 29, 2014

RBI Governor Raghuram Rajan Questions Govt's Farm Debt Waiver Schemes

Rajan said that studies show such measures to be ineffective, adding that debt waivers effectively dry up formal credit facilities post waiver to the farmers.

Dec 27, 2014

US-Russia Trade Improves Despite Sanctions

Trade between the United States and Russia spiked by 7 percent despite the economic sanctions levied by the U.S. on the country, President Vladimir Putin said.

Dec 27, 2014

No Flip-Flops on Interest Rate, says Rajan; Will Wait for Inflation to Stabilise

Raghuram Rajan reiterated his stand on the interest rate cut, economic growth, inflation and Uber.

Dec 27, 2014

Japan's Inflation Falls for Fourth Consecutive Month

But economists believe that the turmoil is only temporary and growth is right around the corner despite the falling oil prices.

Dec 26, 2014

arun-jaitley-stresses-on-need-for-meaningful-employment-at-second-edition-of-services-conclave

Jaitley to Meet State FMs and Stakeholders to Discuss FY 2015/16 Budget

Jaitley will meet the state finance ministers and representatives of other stakeholders to help formulate the forthcoming budget in order to address economic fundamentals

Dec 26, 2014

India Hikes Import Duty on Crude, Refined Oil by 5%

The Finance Ministry has increased import duties by 5% on crude and edible oil, in a bid to protect local producers

Dec 26, 2014

India Becomes World's Largest Direct Benefit Transferer on LPG Subsidy Scheme

The world's second most populous nation successfully rolls out its Direct Benefit Transfer for LPG in 54 districts, with others to be covered in 2015

Dec 26, 2014

Putin Calls for Vodka Price Cap Amid Economic Crisis

Russian President Vladimir Putin called for a cap on vodka prices on Wednesday in a drastic attempt to preserve his popularity as the Russian economy falters.

Dec 25, 2014

US Jobless Claims Drop for Fourth Consecutive Week Reflecting Stronger Economy

The number of applicants claiming unemployment benefits dropped unexpectedly last week showing the growing strength in the U.S. economy, a Wednesday report released by the US Labor Department revealed.

Dec 25, 2014

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Economy News

Infrastructure Growth Rises to 5-Month High of 6.7% in November

Modi's Land Acquisition Reforms are Industry-Friendly but Farmers Feel Ripped Off

Brent Crude Prices Fall to Five-Year Lows at $57 Despite Libyan Output Disruption

No Pressure on RBI To Cut Rates, Insists Jaitley

FDI rises 25% in April to October to $17.35 bn, Says Nirmala Sitharaman

Vijay Mallya's Kingfisher Airlines Set to Lose Flying Licence on 31 December

RBI Governor Raghuram Rajan Questions Govt's Farm Debt Waiver Schemes

US-Russia Trade Improves Despite Sanctions

No Flip-Flops on Interest Rate, says Rajan; Will Wait for Inflation to Stabilise

Japan's Inflation Falls for Fourth Consecutive Month

Jaitley to Meet State FMs and Stakeholders to Discuss FY 2015/16 Budget

India Hikes Import Duty on Crude, Refined Oil by 5%

India Becomes World's Largest Direct Benefit Transferer on LPG Subsidy Scheme

Putin Calls for Vodka Price Cap Amid Economic Crisis

US Jobless Claims Drop for Fourth Consecutive Week Reflecting Stronger Economy

Bigg Boss Malayalam 3 elimination: Came with a bang and Michelle could be out of the house

India in WTC finals: How lower order batting disappointed Washington Sundar's father again

Meet the man behind Tom Cruise's viral deepfakes; explains process behind it [read]

Pooja Bhatt opens up about kissing scene with Sanjay Dutt; Mahesh Bhatt's advice she lives by

Here's why Rakhi Sawant is extremely upset with Rubina Dilaik and Aly Goni [details here]