Economy News

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

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

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 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

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

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

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

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Economy News

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

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

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

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

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

Budget Deficit: India Slashes Healthcare Budget by Almost a Fifth

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

Alwar DC receives best district award; Prez Murmu hails empowerment of Divyangjan [details]

Drug abuse emerges as bigger enemy than gun-wielding terrorists in J&K [details]

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