Economy News

NDA Government's Pre-Budget Shockers and Surprises

The Centre has been doling out alternating pre-budget shockers and surprises through its decisions to hike prices of some services and commodities and holding back on others.

Jun 26, 2014

International Financial Firms Put Faith in Modi Government's Budget

Union Budget 2014-15: Morgan Stanley has expressed hope that the Modi government would bring about policy reforms.

Jun 25, 2014

Budget Session: What to Expect

The Budget session that will kick off on July 7 is anticipated to hold both, 'bitter pills' as well as positive announcements. Here is a list of the probable positives that may come out of the session.

Jun 24, 2014

Railway Minister May Consider Change in Hike of Suburban Train Fares in Mumbai

After facing a backlash, not just from the Opposition but also allies and party units over its decision to hike rail fares, the Railway Minister has reportedly promised to consider the situation for Mumbaiites, who use the suburban railways for daily commute.

Jun 24, 2014

Rupee, Market Open High but Decline during Monday Trade; Cement Stocks Down Due to Rail Fare Hike

The rupee recorded 60.18 per dollar on Friday against Monday's opening at 60.10 a dollar.

Jun 24, 2014

Gas Rates Set to Go Up after Rail Fares and Sugar Prices

While the Bharatiya Janata Party had promised "Acche Din" to citizens during its election campaign that brought the Narendra Modi-government to power, prices of several essentials have seen a rise, the most recent being an anticipated hike in gas prices.

Jun 24, 2014

Government Raises Import Duty on Sugar by More than Double to Strengthen Industry

India is all set to raise the import duty on sugar, in order to boost the domestic industry.

Jun 23, 2014

Union Budget to be Presented on 10 July

The country will get its annual budget for 2014-15 on 10 July, Cabinet Committee on Parliamentary Affairs decided.

Jun 23, 2014

Maharashtra BJP to Send Delegation to Delhi to Ask for Rollback in Fare Hike for Suburban Railways

Even as the Bharatiya Janata Party-led central government faces stinging opposition to its decision to hike railway fares from various parties across the country, it is now also seeing growing resentment within its own party, with the Maharashtra BJP unit also demanding a rollback.

Jun 23, 2014

Rail Fare Hike Likely to Divert Passengers towards Air Travel?

Indian Railways might be looking forward to surplus revenues for FY15 through rail fare hike, but the experts hold a different view and note that the hike might shift passengers towards air travel.

Jun 23, 2014

Analysts Expect Range Bound Trade; Agro-based Stocks Down Ahead of Monsoon and Budget

On Friday, BSE Sensex recorded a two-week low at 25,105.51 points. Along with Sensex; BSE 100, Mid Cap, Small Cap and BSE 200 also recorded low.

Jun 23, 2014

Raghuram Rajan Assures that India has Sufficient Oil Reserves to Sustain Iraq Crisis

While the whole world has its eyes on the Iraq crisis and the effect it is going to have on the supply of crude oil, RBI governor Raghuram Rajan has said that the country need not worry about the external shocks due to Iraq crisis, as India has sufficient reserves to deal with inflation and budget risk arising from hike in oil prices.

Jun 23, 2014

India to Get List of Swiss Account Holders Soon, SIT Set to Fulfill Modi's Promise

One of the first things that Prime Minister Narendra Modi did after coming to power was promise to bring back India's black money stashed abroad and constituted a Special Investigation Team (SIT) for the purpose.

Jun 23, 2014

Five Things to Expect from Union Budget 2014-15

With just a few weeks to go for the Budget Session to kick off in the Parliament, several proposals have been put forth to the government. We have highlighted five things to expect from the Budget if the proposals are accepted.

Jun 21, 2014

UP Budget: Focus on Development Sectors, Free Skill Development Training for Six Lakh Youth

In the 2014-15 state budget, UP chief minister has wiped out most of the freebies and has focused on basic necessities including infrastructure, energy and job creation.

Jun 21, 2014