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Economy News

Decision on gas pricing to be out next week: Goyal The power and coal minister Piyush Goyal provided some clarity on when the gas price hike might happen
Fri, 19 Sep 2014 19:11:16 +0530
India Inc most optimistic among Asian corporates: Survey Domestic companies are the most positive with a maximum score of 100 for the second consecutive quarter after Narendra Modi was elected Prime Minister, according to Thomson Reuters/Insead Asia Business Sentiment survey released today.
Fri, 19 Sep 2014 19:01:12 +0530
India's forex reserves down USD 1.61bn to USD 315.69bn In the week to September 5, the reserves had dipped by USD 1.327 billion to USD 317.313 billion. Foreign currency assets (FCAs), a major constituent of overall reserves, declined by USD 1.599 billion to USD 288.764 billion for the week under review, the RBI data showed.
Fri, 19 Sep 2014 18:54:52 +0530
Revealed: Modi govt's five-point plan to jumpstart economy Morgan Stanley met with key policymakers, business leaders, credit ratings agencies and independent consultants to try and understand the Narendra Modi government’s agenda on how to reinvigorate the Indian economy and the progress its policies had made.
Fri, 19 Sep 2014 13:38:20 +0530
RBI should consider rate hike to tame inflation: IMF report IMF's suggestion comes at a time when the market is now preparing for a downtrend in policy rates
Fri, 19 Sep 2014 11:00:53 +0530
Sidharth Birla According to Sidharth Birla, India must look at a holistic approach in railways and should not favour China, otherwise it will create investment imbalance in the country.
Thu, 18 Sep 2014 11:07:23 +0530
Govt to help MSMEs get bank loans at cheaper rates: Mishra "To ensure this, I am meeting the senior functionaries of banking and financial institutions at Lucknow on Thursday so that a decision is taken on this front early with their concurrence which will be duly endorsed subsequently by the Reserve Bank of India, Finance Ministry and the Prime Minister's Office," the MSME Minister said.
Wed, 17 Sep 2014 18:51:59 +0530
Nayantara Rai Sources suggest oil ministry seeks law minister's views on cutting diesel prices. Nayantara Rai joins us with more details.
Wed, 17 Sep 2014 17:17:30 +0530
Policy rate unlikely to change till fiscal-end: DB "The battle against inflation will continue till supply-side issues are adequately addressed. RBI would thus keep its policy rate unchanged till the end of this fiscal year with a probable action visible only in early next financial year," Dun Bradstreet India Senior Economist Arun Singh said.
Wed, 17 Sep 2014 17:08:46 +0530
Diesel loss wiped out: What will FY15 subsidy look like? For FY15, the government has forecast fuel subsidies to stand at about Rs 63,426 crore but the final figure could be less.
Wed, 17 Sep 2014 14:51:33 +0530
India to produce surplus sugar for 5th straight year: ISMA The south Asian country is likely to produce 25 million tonnes to 25.5 million tonnes in 2014/15 year starting Oct. 1, compared with local demand of about 23 million tonnes, the Indian Sugar Mills Association said in a statement.
Wed, 17 Sep 2014 12:43:23 +0530
ICRA pegs tyre industry to grow at 8% in 2014-15 The decline in natural rubber and crude oil prices would provide the requisite headroom for passing on some benefits to the consumers, it said.
Tue, 16 Sep 2014 22:38:02 +0530
Infra, construction growth may remain stressed in FY15 Only substantial improvements at the operational level would cause a meaningful improvement in their credit profile, given the high leverage levels and negligible cash generation ability of corporates in these sectors.
Tue, 16 Sep 2014 18:30:40 +0530
Efforts being taken by Modi govt in right direction: Crisil Pointing out that the sector was largely unorganised, he said the ease of funding is not there. Of 100 files reaching a banks, only five are approved. There are no set benchmarks or practises, Anurag Jhanwar, director, Real Estate Ratings, Crisil said.
Tue, 16 Sep 2014 17:32:31 +0530
Final norms for on tap bank licences this fiscal: RBI The Reserve Bank had earlier issued draft guidelines for payment and small banks and is in the process of finalising the final norms.
Tue, 16 Sep 2014 14:54:09 +0530
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Politics

Indian Home Minister Rajnath Singh on Friday proposed setting up a South Asian Association for Regional Cooperation centre.
Fareed Zakaria, the man who interviewed Indian Prime Minister Narendra Modi in a CNN world exclusive, has described the 64-year-old as being 'among the sharpest' he has met.
Congress on Friday raked up the need for having a Leader of the Opposition in the Lok Sabha insisting that it was not a titular position and is required to form a "shadow cabinet".
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India

The police have registered an FIR. The victim is presently admitted to a local hospital.
Chinese President Xi Jinping wraps up his first visit to India. Xi's landmark visit saw India and China reaffirm their commitment for mutual cooperation. China is investing $20 billion in India, and 12 agreements were signed on Thursday.
The Army said the activities of the force under 'Operation Sadbhavna' will continue and the Northern Command would provide support in close synergy with the civil administration and the police.
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Tech

The raid unleashed waves of criticism - much of it on social media, where fake profiles of celebrities and prominent politicians have long proliferated.
The new Mahindra Scorpio sports utility vehicle is being launched on September 25.
Researchers have developed a jetpack that can allow people reach the four-minute mile mark by enhancing speed and agility.
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