Economy News

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

IFC Raises $2.5 billion from Onshore Rupee bonds

International Finance Corporation launched bonds worth $2.5 billion in the Indian market to fund infrastructure projects and to boost energy supply.

Aug 21, 2014

Indian Companies Come out in Support of Modi's 'buy India' Pledge

Analysts expect that India, which is currently the largest arms importer, will spend $250 billion in the next decade.

Aug 21, 2014

A potential buyer looks at a model of Riva, one of the latest developments by Sun Hung Kai Properties, in Hong Kong

China Property Prices Fall on Weak Demand

China has been witnessing a consistent decline in its property prices since 2011 due to weak demand.

Aug 19, 2014

'Clean India' Campaign Receives ₹200 Crore from TCS and Bharti

Tata Consultancy Services and Bharti Foundation have announced a contribution of over ₹200 Crore for government's "Clean India" campaign.

Aug 19, 2014

Export Growth Slows to 7.33% in July; Trade Deficit Hits 12-Month High

The export growth dipped to 7.33 percent in July, after recording two digit figures in the last two months, in turn pushing up the trade deficit to a one year high of $12.2 billion.

Aug 16, 2014

Modi's I-Day Promises for Economy: Boost for Manufacturing, Exports, Farming and Tourism

Manufacturing, Exports, Farming and Tourism to Get Boost if Modi's I-Day Promises Bear Fruit

Aug 15, 2014

7,200 Tickets Per Minute: Indian Railways Launch Next Gen e-Ticketing System

Indian Railways on Wednesday launched the next generation e-ticketing system, enhancing the booking capacity on the IRCTC website.

Aug 14, 2014

Wholesale Inflation Falls to 5-Month Low But Price Pressures Remain

India's wholesale price inflation eased to a five-month low in July, helped by a moderation in fuel costs.

Aug 14, 2014

Government to Raise ₹40,000 Cr via PSU Stake Sales in 2 Months

The government is looking to raise around Rs 40,000 crore in the next two months to meet its FY15 disinvestment target of Rs 58,425 crore,

Aug 13, 2014

For the First Time, India Buys More Arms From US Than Russia

This is the first time that the United States has emerged as the largest arms supplier to India, displacing Russia in sales.

Aug 13, 2014

Weaker Industrial Output in June as Inflation Surges

The industrial output decelerated in June, while the inflation rate surged in the same month.

Aug 13, 2014

Crony Capitalism Leads to Decline in Economic Growth: Raghuram Rajan

RBI governor Raghuram Rajan has warned against crony capitalism, explaining that the trend creates plutocracy or oligarchies, along with slowing down the economic growth of the country.

Aug 12, 2014