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Economy News

Raghuram Rajan

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 Flag

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
Crude Oil Import

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
Direct Benefit Transfer on LPG

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

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
Jobs and hiring

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
Indian Economy

CEA Arvind Subramanium Asks RBI to Cut Rate to Spur Investment, Drive Growth

Arvind Subramanium called on the RBI to cut rates to help increase investments and boost the GDP rate to 7-8% Dec 24, 2014
Tax Collection

Budget 2015: Full Year Tax Collections Likely to Fall Short of Estimates

Even as the direct and indirect tax collection show growth, it still falls short of government expectations ₹ Dec 24, 2014
Dow Jones

Dow Jones Index Rises 18,000 on Strong US Economic Growth

The Dow Jones Industrial average broke a record milestone on Tuesday surging 18,000 points to 18,024 thanks to the sturdy economic growth in the United States. Dec 24, 2014
Gold

RBI May Allow Banks to Resume Gold Loans to Jewellers, Review Ban on Import of Gold Coins and Medallions

The RBI could lift the embargo on banks lending against gold. Dec 24, 2014
Indian Healthcare

Budget Deficit: India Slashes Healthcare Budget by Almost a Fifth

The Finance ministry has cut spending on healthcare in a struggle to contain its fiscal deficit Dec 24, 2014
Suresh Prabhu

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

The advisory group suggested reforms to open up the coal sector and to increase production, along with suggestions to make it easier to move coal to required industries. Dec 23, 2014
Russia

Russia Could Get 'Junk' Status in 2015, Says Former Minister; China Willing To Aid Falling Ruble

The Russian government's slow stance on the growing economic instability could earn it the "junk" status in 2015, former finance minister Alexei Kudrin said on Monday. Dec 23, 2014
New iPhone '5' May Support NFC Chip; Is Apple Ready To Release The iWallet?

DCB Bank Partners With iKaaz to Launch Mobile Payment Service in India

The new payment service is expected to lead cashless payment service in the country Dec 23, 2014
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