Economy News

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

Tourism in Africa Taking a Big Hit Due to Ebola virus

The Ebola outbreak has stagnate the economic growth of West African countries, as they struggle to deal with the deadly contagion.

Aug 28, 2014

Air India's ₹100 Offer a Sign of Unhealthy Fare War?

Such price wars among domestic carriers in India may spell good news for fliers but could mean trouble for the airlines

Aug 27, 2014

Air India Day: Website Crashes on Day 1 of ₹ 100 Offer

Fliers could not use the website to book tickets for the attractive prices, and many took to Twitter to vent

Aug 27, 2014

Supreme Court's Coal Block Ruling Will Burden Economy With Imports, Cripple Power Sector

Drop in coal production will push India to import more and increase current account deficit.

Aug 26, 2014

All Coal Block Allocations Since 1993 are Illegal: Supreme Court

All coal block allocations since 1993 are illegal and licenses of mining companies involved will be cancelled.

Aug 25, 2014

RBI Report 2013-14: Highlights and Growth Outlook

The Reserve Bank of India on Thursday released its annual report of 2013-14.

Aug 22, 2014

IFC Raises $2.5 billion from Onshore Rupee bonds

International Finance Corporation launched bonds worth $2.5 billion in the Indian market to fund infrastructure projects and to boost energy supply.

Aug 21, 2014

Indian Companies Come out in Support of Modi's 'buy India' Pledge

Analysts expect that India, which is currently the largest arms importer, will spend $250 billion in the next decade.

Aug 21, 2014

A potential buyer looks at a model of Riva, one of the latest developments by Sun Hung Kai Properties, in Hong Kong

China Property Prices Fall on Weak Demand

China has been witnessing a consistent decline in its property prices since 2011 due to weak demand.

Aug 19, 2014

'Clean India' Campaign Receives ₹200 Crore from TCS and Bharti

Tata Consultancy Services and Bharti Foundation have announced a contribution of over ₹200 Crore for government's "Clean India" campaign.