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Economy News
  • 28 Aug 15
    06:00 AM
    Japan's core consumer inflation was flat in the year to July and household spending unexpectedly fell, casting deeper doubt on the central bank's forecast that a solid economic recovery will help accelerate inflation to its 2% target.
    05:02 AM
    Stating that agriculture in India has tremendous potential of being transformed into a vibrant sector, a delegation of US companies, which recently visited New Delhi, has called for necessary policy reforms to enhance foreign direct investment in the food
    02:36 AM
    The dramatic collapse of China's stock markets has shaken global investors, but for Chinese factory executives the real problem is a decline of another kind - the remorseless erosion of profits thanks to nearly four years of price deflation.
    12:59 AM
    Reserve Bank of India (RBI) has warned that the slow pace of reform in the banking sector will lead to greater risk.
    12:57 AM
    Bengaluru and Kolkata are among the top cities that did not make it to the list of 98 that have been nominated for the government’s ambitious Smart City project.
    12:55 AM
    India's southwest monsoon might show signs of withdrawal from India's north-western parts from beginning of September, which could widen the overall shortfall more than the existing 12 per cent, weather experts said.
    12:43 AM
    Ahead of their planned strike on September 2, trade unions were a divided lot on Thursday, following a meeting with a panel of ministers of the National Democratic Alliance government.
    12:40 AM
    In its annual report, the Reserve Bank of India (RBI) has said the efficacy of the monetary policy transmission mechanism needs to improve, as the pass-through of recent cuts in policy rate to the bank lending rate has only been partial.
    12:40 AM
    In the second round of clarifications on the unaccounted money law next week, the government is likely to ask those holding such funds to make disclosures based on their income expectations from foreign bank accounts more than 10 years old, in case of
    12:39 AM
    The BJP-led government in Maharashtra has prepared an action plan for the development of Mumbai, Nagpur, Thane, Navi Mumbai,Pune, Nashik, Amravati, Solapur, Kalyan Dombivli and Aurangabad as smart cities.
    12:35 AM
    The public sector banks (PSBs) mandated by the government to carry out several public interest activities such as opening of accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) are not fully compensated, the Reserve Bank of India (RBI) Governor
    12:34 AM
    The Reserve Bank of India (RBI)'s balance sheet expanded 10.1 per cent to Rs 28,89,159 crore for the year ended June 2015 (FY15) as against Rs 26,24,367 crore the previous year. The growth was mainly due to a rise in foreign currency assets (FCA).
    12:30 AM
    The Reserve Bank of India (RBI) has criticised the promoters of large companies, saying they take undue advantage of banks’ fear of recognising a loan as a non-performing asset (NPA).
    12:29 AM
    The Reserve Bank of India (RBI) has doubled the limit for cash withdrawal at point-of-sale (POS) in Tier III to VI centres from Rs 1000 to Rs 2000 a day. This will be available for debit cards and open system prepaid cards issued only by banks.
    12:20 AM
    Even as the government gears up for another round of fighting at the World Trade Organization (WTO) for its domestic content requirement (DCR) policy under the National Solar Mission (NSM), the low capacity of Indian solar manufacturing could be a
    12:19 AM
    To develop environment-friendly national highways with the active participation of the local community, farmers, private sector, institutions and government agencies, the Union government will launch the Green Highway (Plantation, Transplantation,
    12:17 AM
    The US economy grew faster than initially thought in the second quarter on solid domestic demand, showing fairly strong momentum that could still allow the Federal Reserve to hike interest rates this year.
    12:16 AM
    The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to a steadily firming labour market.
    12:15 AM
    The finance ministry has prepared a draft Cabinet note for the proposed monetary policy committee (MPC), the formation for which will have to be cleared by the Cabinet and Parliament, Minister of State for Finance Jayant Sinha said on Thursday.
    12:04 AM
    After the Metro, the national Capital of Delhi may get the Metrino: Driverless pods suspended midair from wire on a 70 km stretch between Delhi's Dhaula Kuan and Manesar (Haryana). The plan is to develop this system in the next two-three years.
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