Economy News

Top 1% of India's richest now own over 50% of country's wealth: Credit Suisse

Reflecting a dismal picture of the wealth owned by poor, the report said that they just possess 4.1% of the nation's wealth.

Oct 14, 2015

Consumers didn't get full benefit of plunge in global crude oil prices

Due to the tax effect, petrol prices have come down by just about 5% since the beginning of November 2014.

Oct 13, 2015

Bihar election outcome will not impact government's reform process: Citi

The firm said that the reforms process may remain intact due to a presence of "broad consensus" on key bills like Goods & Service Tax (GST) boosting "ease of doing business".

Oct 13, 2015

EU referendum: Stuart Rose launches campaign for UK to remain in EU [Video]

British pro-Europeans launched their campaign to keep their country inside the European Union on 12 October, cautioning that turning away from the worlds biggest economic bloc would hurt jobs and torpedo Londons global financial clout.

Oct 12, 2015

Inflation soars to 4.4%, industrial production beats estimates

The Reserve Bank of India (RBI) estimates retail inflation to be at 5.8% in January 2016.

Oct 12, 2015

Government may grant more licenses for opium cultivation

The essential criterion of minimum qualifying yield (MQY) is specified in number of kg per hectare.

Oct 12, 2015

UKs largest ever street art project launched to promote countrys creative industries

Local graffiti artist Chu launches UK-wide street art project in Birmingham.

Oct 12, 2015

Over 8 lakh medical shops to be shut on 14 October to protest online sale of drugs

AIOCD president JS Shinde said that an indefinite strike may be called if the government does not stop online sale of medicines.

Oct 10, 2015

India's growth to surpass China's in next two years: IMF

India is expected to grow at 7.3 percent in 2015, rising to 7.5% in 2016, according to IMF.

Oct 10, 2015

US sees massive progress in India-US ties under Modi

US says it looks forward to its further deepening and becoming more productive.

Oct 10, 2015

Govt's claim of saving Rs 12,700 crore on LPG subsidy transfer large overestimate: Canada's IISD

The IISD estimate is just 1.12% of the government's claimed figure.

Oct 8, 2015

Greek PM says first bailout review must be concluded within November

Athens hopes that a debt relief will help it regain market access in 2017.

Oct 8, 2015

Anti TTIP campaigners hand in 3 million petition to European Commission to scrap controversial deal

Campaigners say the deal could impact on EU food, health and environmental safety laws

Oct 7, 2015

Traders earned Rs 8,000 crore by 'manipulating' onion prices in August, September

Retail prices of onions rose to as high as Rs 70/kg in many parts of the country in August and September.

Oct 7, 2015

IMF slashes India's GDP forecast to 7.3% for FY16

India would remain the fastest growing economy in the world even if it meets the current estimate of IMF.

Oct 7, 2015

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Economy News

Top 1% of India's richest now own over 50% of country's wealth: Credit Suisse

Consumers didn't get full benefit of plunge in global crude oil prices

Bihar election outcome will not impact government's reform process: Citi

EU referendum: Stuart Rose launches campaign for UK to remain in EU [Video]

Inflation soars to 4.4%, industrial production beats estimates

Government may grant more licenses for opium cultivation

UKs largest ever street art project launched to promote countrys creative industries

Over 8 lakh medical shops to be shut on 14 October to protest online sale of drugs

India's growth to surpass China's in next two years: IMF

US sees massive progress in India-US ties under Modi

Govt's claim of saving Rs 12,700 crore on LPG subsidy transfer large overestimate: Canada's IISD

Greek PM says first bailout review must be concluded within November

Anti TTIP campaigners hand in 3 million petition to European Commission to scrap controversial deal

Traders earned Rs 8,000 crore by 'manipulating' onion prices in August, September

IMF slashes India's GDP forecast to 7.3% for FY16

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react