Economy News

coal block allocation

Coal India's Price Pooling under Review: Coal Secretary

The proposal was earlier shelved during the United Progressive Alliance (UPA) rule, as most state electricity boards opposed it fearing increase in power tariffs.

Oct 28, 2014

Automobile Industry in India

India's GDP to Grow 5.6 Percent this Fiscal: World Bank

Dismantling inter-state check posts by implementing the indirect tax reform will help India grow faster.

Oct 28, 2014

rupees

Black Money Probe: Centre Reveals 3 Names, Tainted Businessmen on First List

According to Times Now, businessmen Pradip Burman, Pankaj Lodhiya and Radha Timblo are the Indians likely to be named on the first list.

Oct 27, 2014

Reliance Oil

Crude Oil Drops as Goldman Sachs Predicts Price Free Fall

Brent for delivery in December 2014 declined 0.29% to $85.88 (£53.37, €67.76) barrel as at 23:52 pm ET, while WTI was down 8 cents at $80.93.

Oct 27, 2014

Arun Jaitley

Arun Jaitley Favours Interest Rate Cut to Trigger Demand in Construction Sector

The Reserve Bank of India has signalled that it will not ease policy until it is confident of lower inflation.

Oct 25, 2014

Arvind Subramanian

Modi Appoints Arvind Subramanian as Chief Economic Adviser

Subramanian's appointment inserts a friend of RBI Governor Raghuram Rajan at the heart of policy making.

Oct 17, 2014

oil prices

Oil Prices Slump to Four-Year-Low Below $83 a Barrel

Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.

Oct 16, 2014

Indian Economy to Recover in 2 Years, Says Fitch

The large privately-owned banks are best positioned to capitalise on India's recovery, according to Fitch.

Oct 16, 2014

WTO

WTO TFA-Bali Deal: India Likely to Curtail its Demands ahead of Geneva Meeting

Though India will persist its demand on food security, it will not press WTO on future welfare schemes' protection.

Oct 15, 2014

IndiGo

IndiGo Makes Largest Global Order for 250 Airbus A320neo aircraft

The deal would be worth $25.7 billion at list prices.

Oct 15, 2014

petrol

Petrol Price Cut by ₹ 1 a litre as Crude Oil Prices Dip

Petrol per litre will cost ₹66.65 in Delhi, ₹74.46 in Mumbai,₹74.21 in Kolkata and ₹69.59 in Chennai.

Oct 15, 2014

Poultry

WTO Overturns India's Ban on US Poultry

India had claimed its import restrictions, imposed in 2007, were justified by international rules on animal health.

Oct 15, 2014

Reliance Oil

New Price War in Oil Market Could See Prices Free-Falling for a While

The free fall of oil prices is, of course, good news for India.

Oct 14, 2014

Street side vegetable vendor

Cheaper Food Pushes Retail Inflation to Record Low of 6.46% in Sept

The inflation came down to record low even before the RBI set target to achieve CPI inflation at 6% by 2016.

Oct 14, 2014

Stock Market Crash

Coming Stock Market Crash: Why World's Central Banks Can't Prevent it

Commodity prices, especially energy, are breaking multi-year lows due to fears of a steeper than expected global slowdown.

Oct 14, 2014

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