Economy News

SIT asks Modi government to verify if $505 billion was siphoned off between 2004 and 2013

US-based non-profit organisation Global Financial Integrity had estimated the outflow from India while researching illicit financial flows.

Feb 15, 2016

Power sector likely to draw investments worth $1 trillion by 2030: Piyush Goyal

By 2020, the Power Ministry is likely to draw investment to the tune of $250 billion.

Feb 15, 2016

Civil aviation industry to hire 40 lakh people by 2035: Report

The study highlighted a need for skill development programmes across various levels in the aviation sector.

Feb 15, 2016

Banking reforms underway: Arun Jaitley

The finance minister said that the state-run banks should be more professional.

Feb 14, 2016

Cabinet may soon okay first capital goods policy

A draft policy by the Heavy Industry Ministry suggests a rationalised tax structure to facilitate the capital goods sector in the country.

Feb 14, 2016

BRO proposes India's longest road tunnel in J&K for Rs 9,000 crore

If approved, the 18 km tunnel will become the longest road tunnel in the country.

Feb 14, 2016

Global slowdown fears overshadow Singapore aviation show

Worries about the effects of a faltering global economy and tensions in the South China Sea overshadow the event in Singapore.

Feb 14, 2016

Railways opts for e-auctioning of scrap; fetches Rs 3,000 crore in FY15

Using an e-payment facility, the e-auction would enable scrap purchasers to bid online simultaneously all over the country.

Feb 14, 2016

India, Israel to explore joint defence equipment manufacturing, R&D

India will send a business delegation to Tel Aviv for a defence seminar to be held from Feb. 21 to 25.

Feb 13, 2016

Palestine Investment Fund Gaza West Bank

Palestine Investment Fund chairman likely to visit India shortly: Report

The PIF is a private equity and venture capital firm, according to Bloomberg.

Feb 13, 2016

UAE Crown Prince Sheikh Mohamed bin Zayed Al Nahyan

Abu Dhabi crown prince Sheikh Mohammed bin Zayed al-Nahyan's India visit overshadowed by market mayhem

A slew of bilateral agreements were signed, but details were not available except for tweets by the External Affairs Ministry spokesperson.

Feb 13, 2016

Oil rockets from 12-year low on renewed talk of OPEC cut

Despite the strong daily gain, oil prices were poised to end the week down as much as 5 percent.

Feb 13, 2016

IIP contracts for second straight month in December

While electrical machinery and apparatus shrank by 44.9 percent, mining and electricity bucked the trend, growing at around 3 percent each.

Feb 12, 2016

January retail inflation hits 17-month high at 5.69%, below RBI's target of 6%

India's central bank had targeted 6 percent retail inflation by January 2016 and had tweaked its key policy rate accordingly.

Feb 12, 2016

Residential property launches fell 20% in 2015, says Colliers International

Delays in clearances, combined with other factors, caused the decline, says the report.

Feb 12, 2016

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Economy News

SIT asks Modi government to verify if $505 billion was siphoned off between 2004 and 2013

Power sector likely to draw investments worth $1 trillion by 2030: Piyush Goyal

Civil aviation industry to hire 40 lakh people by 2035: Report

Banking reforms underway: Arun Jaitley

Cabinet may soon okay first capital goods policy

BRO proposes India's longest road tunnel in J&K for Rs 9,000 crore

Global slowdown fears overshadow Singapore aviation show

Railways opts for e-auctioning of scrap; fetches Rs 3,000 crore in FY15

India, Israel to explore joint defence equipment manufacturing, R&D

Palestine Investment Fund chairman likely to visit India shortly: Report

Abu Dhabi crown prince Sheikh Mohammed bin Zayed al-Nahyan's India visit overshadowed by market mayhem

Oil rockets from 12-year low on renewed talk of OPEC cut

IIP contracts for second straight month in December

January retail inflation hits 17-month high at 5.69%, below RBI's target of 6%

Residential property launches fell 20% in 2015, says Colliers International

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