Economy News

G20 Deal Opens Way for India to Track Black Money Stashed Abroad

The G20 deal would make it mandatory for all countries to share bank details, including account balances at the end of each year, starting 2017.

Sep 21, 2014

RBI Should Hike Policy Rates to Curb Inflation: IMF

IMF suggests RBI to hike policy rates to curb inflation ahead of Ahead of the G20 Summit meet on 20-21 September at Cairns in Australia

Sep 19, 2014

China's Alibaba to Make a Foray into India through Snapdeal

With China's heightened interest in Indian e-commerce, will Modi's vision of making India a manufacturing base take a hit?

Sep 19, 2014

Fed Renews Zero Rate Pledge, but Hints at Steeper Rate Hike Path

The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving.

Sep 18, 2014

August Inflation Drops to 5-Year Low of 3.74 %; Market Dips

The August Wholesale Price Index inflation is the lowest since October 2009 when it stood at 1.8%.

Sep 15, 2014

Floods Cause ₹5,700 Crore Loss to J&K; Trade, Tourism Worst Hit

The state's tourism is divided into three regions: Jammu, Kashmir and Ladakh in the ratio of 40:40:20.

Sep 15, 2014

Economy to Grow at 5.6% in 2014-'15: FICCI Survey

India's GDP is likely to accelerate 5.6% from the projected growth of less than 5% in the current fiscal

Sep 15, 2014

Modi Govt Can Create 69 Million Jobs by 2020 with Pro-job Policy: CRISIL

CRISIL says the time is ripe for that one big, concerted push towards a pro-jobs policy by the Indian Govt

Sep 12, 2014

Jharkhand Government Shuts 12 Iron Ore Mines Following Lease Expiry

The Jharkhand state government has ordered the closure of 12 out of its 17 iron ore mines due to expired leases.

Sep 11, 2014

Demand-Supply Mismatch: Electricians Earn as Much as Desktop Engineers

Sourcing of skilled workers is becoming harder than before

Sep 10, 2014

World Bank Warns G20 Members of Global Jobs Crisis

The World Bank said an additional 60 crore jobs are needed by 2030.

Sep 9, 2014

Crisil Chief Executive Roopa Kudva Stepping Down After 7 Years at Helm

Crisil shares fall after the news broke that lont-time CEO is stepping down.

Sep 9, 2014

Diesel may get Cheaper as Crude Oil Price Tumbles

Price review likely on 15 September. Final decision to be taken after consulting finance ministry.

Sep 9, 2014

Raghuram Rajan speaks during a news conference on the World Economy Outlook in Singapore September 14, 2006.

RBI Governor Raghuram Rajan's First Year: Actions and Impact

After Rajan became RBI governor, the rupee gained, inflation slid and economic output got stronger

Sep 6, 2014

India Hopes Oz Nuclear Deal will Boost Power Supply after Adding 10 Power Plants, Industries Keen

After the deal, Indian government hopes to increase its nuclear capacity to 63,000 MW by 2032 by adding 10 more reactors with an estimated cost of $85 billion.

Sep 5, 2014