Economy News

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

Shah Rukh Becomes First Actor to Enter 'Richest Indians List'; Mukesh Ambani Remains on Top

Shah Rukh Khan, who was named as the second richest actor in the world, has now secured a place in the richest Indian list.

Sep 4, 2014

Lantern Days Back in India? Power Plants Left with 2 Days of Coal Stock

Currently no solution for low coal stocks. Government is yet to arrange for import of coals: CIL official

Sep 4, 2014

Pak's Commitment to IMF Seems Uncertain as Protests Erode Economic Stability

The worsening protest and violence has turned off the confidence of IMF and investors towards Pakistan.

Sep 3, 2014

Reserve Bank Rule Stalls Modi's Infrastructure Dream

The RBI's ban on banks to invest in infrastructure bonds has stalled Modi's dream of infrastructure development of India by 2022.

Sep 1, 2014

What Does Q1 Economic Growth, Fastest in Two Years, Mean for You?

The growth could push industrial growth, job opportunities and income.

Aug 30, 2014

India Sees Fastest Growth in Two Years, But is it Really a Sign of Turnaround?

The Gross Domestic Product (GDP) grew by 5.7 percent in April-June, the highest in nine quarters.

Aug 30, 2014

IMF List of 25 Brightest Young Economists Features 4 of Indian Origin

Raj Chetty, Gita Gopinath, Parag Pathak and Amit Seru among global economic thought leaders.

Aug 29, 2014

Modi Launches Jan Dhan Yojana: 1.5 Crore Bank Accounts Opened

Modi stated that the scheme will help get rid of financial untouchability in the country.

Aug 28, 2014

Tourism in Africa Taking a Big Hit Due to Ebola virus

The Ebola outbreak has stagnate the economic growth of West African countries, as they struggle to deal with the deadly contagion.

Aug 28, 2014

Air India's ₹100 Offer a Sign of Unhealthy Fare War?

Such price wars among domestic carriers in India may spell good news for fliers but could mean trouble for the airlines

Aug 27, 2014

Air India Day: Website Crashes on Day 1 of ₹ 100 Offer

Fliers could not use the website to book tickets for the attractive prices, and many took to Twitter to vent

Aug 27, 2014

Supreme Court's Coal Block Ruling Will Burden Economy With Imports, Cripple Power Sector

Drop in coal production will push India to import more and increase current account deficit.

Aug 26, 2014

All Coal Block Allocations Since 1993 are Illegal: Supreme Court

All coal block allocations since 1993 are illegal and licenses of mining companies involved will be cancelled.

Aug 25, 2014

RBI Report 2013-14: Highlights and Growth Outlook

The Reserve Bank of India on Thursday released its annual report of 2013-14.

Aug 22, 2014

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