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Economy News

Indian Railway Minister Suresh Prabhu

Rail Budget 2015: Railways to See ₹8.5 Lakh Crore Investment over Next Five Years, Says Rail Minister

Suresh Prabhu presented his first full Railway Budget and focused his attention on the much-needed investment in Indian Railways, as he laid out a game plan to achieve it. Feb 26, 2015
Indian Railways

Budget 2015: Planned Rail Investments To Receive Boost from Low Oil Prices

The Rail Budget could see considerable increase in fund allocation helped by the fall in oil prices Feb 25, 2015
chinese-100-yuan-banknotes-are-seen-in-this-file-picture-illustration-taken-in-beijing-may-7-2013

Samsung Electronics, China Trade Deal Give Boost to South Korea's Yuan Hub Ambitions

South Korea became the third country in the world to begin direct trading of the yuan for a local currency in December. Feb 25, 2015
Y V Reddy

Modi Government Accepts 14th Finance Commission Recommendations

The Commission has recommended to the Centre to allocate 42% of the divisible pool to states, including taxes and grants Feb 24, 2015
Turkey's Finance Minister Mehmet Simsek

Turkey Keen to Join 'Make In India' Programme; Invites Indian Investments

Turkish Finance Minister has offered Indian industries better access to European and Central Asian markets. Feb 24, 2015
Indian Railways

Budget 2015: Rail Budget Could See Slew Of Environment-Friendly Initiatives

The 2015 Rail Budget to be presented by Railway Minister Suresh Prabhu could provide for solar-powered coaches, platforms and stations Feb 24, 2015
Indian Economy

S&P: Low Per Capita Income, High Fiscal Deficit 'Constraints' in India's Rating Upgrade

In a report released on Monday, the ratings agency said that the slow pace of fiscal consolidation will mean an upgrade is 3 to 5 years away Feb 23, 2015
Raghuram Rajan

Budget 2015: RBI Governor Rajan Supports Strong Action Against Black Money Holders, Tax Evaders

The RBI Governor indicated his preference to go after black money holders and hold them to account Feb 21, 2015
Former RBI Governor Bimal Jalan

Budget 2015: Relax Fiscal Deficit Target, Go For Growth, Says Bimal Jalan

Former RBI Governor Bimal Jalan has asked the government to stop focussing entirely on containing fiscal deficit and allow it to expand a bit, to spur growth Feb 21, 2015
Sukhoi T-50

Aero India 2015: Russia Hopes to Sign Fifth-Gen Fighter Aircraft Deal with India in 2015

Russia has expressed confidence that it hopes to finalise the FGFA deal to be concluded in 2015. Feb 20, 2015
Airbus production facility

Aero India 2015: Airbus in Talks with Indian Firms to Manufacture Helicopters Locally

Airbus's helicopter division has opened talks with major Indian conglomerates to partner in building Indian Armed Forces' next generation light utility and medium lift helicopters Feb 20, 2015
An Ilyushin-76 plane modified with the Israeli Phalcon strategic airborne radar system

India-Israel Security Ties Are Now in the Open, Says Visiting Israeli Defence Minister

Indo-Israeli strategic partnership is more mature and more visible, remarked visiting Israeli Defence Minister in New Delhi Feb 20, 2015
railway-infrastructure-not-growing-in-proportion-with-passenger-traffic-manoj-sinha

Rail Budget 2015: No Reduction in 'Already Low' Train Fares, Says MoS Manoj Sinha

The Railway Minister for State said there could be no reduction in railway fares, as it is already low. Feb 19, 2015
Baba Kalyani

Make in India: Bharat Forge-Rafeal JV to Manufacture Spike Anti-Tank Missile in Hyderabad

Kalyani Group will hold 51% in the joint venture with the rest vesting with Rafael and will manufacture the Apike anti-tank missile for the Indian Armed Forces Feb 19, 2015
FBI Agent

US Federal Authorities Probe Mirach's 'Forged' Letter to Sahara India

Federal Authorities have began investigating Mirach Capital's alleged forged BofA letter to Sahara India in connection to their deal on boutique hotels. Feb 19, 2015
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