ECONOMICS

  • Manufacturing growth may moderate in December quarter: FICCI 4 hours 51 minutes ago

    New Delhi: The country's manufacturing sector is likely to witness a moderate growth in the third quarter of this fiscal, according to a FICCI survey. Showing signs of recovery, industrial production grew at a three-month high of 2.5 per cent in September on account of better mining and manufacturing output....
  • Devendra Fadnavis wants business-friendly policies to boost economy 4 days ago

    Mumbai: Asserting his willingness to make changes in the Special Economic Zone (SEZ) policy, Maharashtra Chief Minister Devendra Fadnavis has said the only way to boost the state's economy is by easing the business culture. Maharashtra's growth rate has plummeted to its lowest level in the past four years, he...
  • G20 2014: Can politics and economic reforms be delinked? 1 week ago

    Prime Minister Narendra Modi said reform process is bound to face resistance and wanted it to be insulated from political pressures. Making a strong pitch for economic reforms, Modi told fellow G20 leaders at a Retreat that reforms should lead to simplification of processes and that methods of governance must...
  • G20 to focus on economic growth, infrastructure and tax avoidance November 15, 2014

    Brisbane: Boosting global economic growth, encouraging private sector investment in infrastructure, and cracking down on multinational companies which avoid tax were the top issues on the G20 agenda, Australian Treasurer Joe Hockey said on Saturday. Hockey, who is chair of the G20 finance ministers, made these remarks before finance ministers of...
  • People believe relationship and economic ties between Myanmar and India will improve November 13, 2014

    CNN-IBN's Pallavi Ghosh spoke to Indian businessmen and women living in Myanmar. People strongly believe that with the help of PM Modi and the new engagement, relationship and economic ties will grow between the two nations. ...
  • Industrial output growth picks up in September to 2.5 per cent November 12, 2014

    New Delhi: India's industrial output grew a faster-than-expected 2.5 per cent year-on-year in September, helped by a rebound in capital goods sector, government data showed on Wednesday. Analysts polled by Reuters had forecast the output to grow a meagre 0.6 per cent. Industrial production was upwardly revised to 0.5 per cent...
  • Investor confidence of India on an all-time high: Piyush Goyal November 6, 2014

    New Delhi: As top business leaders debated growth outlook for India under its five-month-old government, Union Minister Piyush Goyal said that investor confidence of the country has reached an all-time high. "When business succeeds, we will improve the lives of the people," Goyal said here at India Economic Summit as...
  • India, isolated, toughs it out in WTO food-stockpiling row November 6, 2014

    New Delhi: India defied the world on Wednesday in a row over food stockpiling that has crippled attempts to reach a global trade agreement, raising doubts that backroom talks can reach a compromise before a Group of 20 summit in November. At the end of July, Prime Minister Narendra Modi pulled...
  • India to lose over $4.58 trillion to non-communicable diseases November 5, 2014

    New Delhi: India stands to lose $4.58 trillion due to non-communicable diseases and mental disorders between 2012 and 2030, an amount more than double India's annual GDP, according to a report. Out of this, cardio vascular diseases (CVDs) will account for $2.17 trillion and mental...
  • Ashamed to say my children studied abroad, says Uday Kotak November 5, 2014

    New Delhi: Pitching for major reforms in the country's education system, noted banker Uday Kotak on Wednesday said that he is "ashamed" to say that his children had to go overseas to study as he felt those courses were better abroad. Speaking during a session on education at the India...
  • India can grow at 8-9 per cent; good governance key: Arun Jaitley October 30, 2014

    New Delhi: India has the capacity to grow at 8-9 per cent and good governance would make economic expansion "more exuberant", Finance Minister Arun Jaitley said. "I have always wondered to myself that in the last two years with average to moderate governance (economic growth was sub-five per cent). "India...
  • RSS top brass meets Union Ministers to discuss economic issues October 28, 2014

    New Delhi: Some Union ministers met leaders from RSS and its affiliates in New Delhi on Tuesday. Discussion was primarily on the economic issues. The RSS leaders Suresh Soni, Krishna Gopal, Dattatreya Hosabale and Bajranglal Gupta were present in the meeting. From BJP Murlidhar Rao, Ram Madhav and Purshottam Rupala...
  • India ranks 114 out of 142 nations on World Economic Forum's Gender Gap Report October 28, 2014

    New York: India has performed poorly in removing gender-based disparities, ranking 114 out of 142 countries in World Economic Forum's 2014 gender gap index, scoring below average on parameters like economic participation, educational attainment and health and survival. India's slipped 13 spots from its 2013's ranking of 101 on the Gender...
  • Pakistan institute shows Manmohan Singh as president of Pakistan October 24, 2014

    Islamabad: In an embarrassing blunder, a leading Pakistani economic institute invited "President of Islamic Republic of Pakistan, Manmohan Singh" to preside over its annual convocation next week, a media report said on Friday. Pakistan Institute of Development Economics (PIDE), located in the capital, is holding its convocation on October 28 and...
  • Congress leader writtes to Modi, expresses wish to acquire Ambedkar's home in London October 22, 2014

    Maharashtra Congress leader Nitin Raut wrote to the Narendra Modi government expressing his wish to acquire a residential property in London where Dr Bhim Rao Ambedkar lived while studying at the London School of Economics in 1921-22. The 2,050 sq ft property on King Henry's Road, London, is expected to...
  • Arvind Subramanian is a creative thinker: US think tank October 16, 2014

    Washington: Arvind Subramanian, appointed as India's Chief Economic Adviser, is more than just a mainstream macro-economist and is a creative thinker, the head of a top American think tank on economic issues said on Thursday. "Arvind is much more than your mainstream macro-economist. He is an immensely knowledgeable and creative...
  • US-based economist Arvind Subramanian appointed next Chief Economic Advisor October 16, 2014

    New Delhi: The US-based economist Arvind Subramanian has been appointed as India's chief economic adviser. An official order has been issued by the Centre in this regard. Subramanian, a senior fellow at the Peterson Institute for International Economics, was informally recommended to the post by Finance Minister Arun Jaitley and later...
  • Modi government replaces Arvind Mayaram with Rajiv Mehrishi as Economic Affairs Secretary October 16, 2014

    New Delhi: The Narendra Modi government on Thursday replaced Arvind Mayaram as Economic Affairs Secretary with Rajiv Mehrishi. In orders issued on Wednesday, Mayaram, a 1978-batch IAS officer belonging to Rajasthan cadre, was made the Tourism Secretary in place of Parvez Dewan on his retirement at month end. In his place,...
  • Work on 'taming' firms wins Frenchman Jean Tirole economics Nobel October 13, 2014

    Stockholm: 2014 Nobel Laureate in Economic Sciences, Jean Tirole said that he hasn't recouped yet, after winning the acclaimed prize. Tirole is the director of Toulouse School of Economics and the third French laureate in Economic Sciences. Tirole was incredibly surprised when he got the news that he has been awarded the...
  • France's Jean Tirole wins the 2014 Nobel Prize in Economic Sciences October 13, 2014

    Stockholm: The 2014 Nobel Prize in Economic Sciences was awarded to French economist Jean Tirole "for his analysis of market power and regulation". The Royal Swedish Academy of Sciences decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2014 to Jean Tirole for breathing new...
  • PM Narendra Modi seeks state election wins to support reform agenda October 12, 2014

    Mumbai: Prime Minister Narendra Modi spearheaded his party's campaign for elections later this week in Maharashtra state, knowing that victory in the home of financial hub Mumbai will make it easier to push through economic reforms. The state of Haryana also votes on Wednesday. But it is Maharashtra that will provide...
  • India's air pollution policies more successful than water pollution ones: Study October 9, 2014

    New Delhi: India's air pollution policies are more successful than the water pollution ones because of the country's Supreme Court's effective intervention to address matters polluting the atmosphere, according to a new study. The study, published in the October issue of the American Economic Review, says that high levels of...
  • PM Modi seeks names for appointment of Chief Economic Advisor October 7, 2014

    New Delhi: The appointment of the Chief Economic Advisor (CEA) in the Finance Ministry is likely to be delayed further as Prime Minister Narendra Modi wants more names of prospective candidates for the job. The post of CEA has been lying vacant for over a year now after Raghuram Rajan...
  • Indian economy to grow by 6.4 per cent in 2015-16: World Bank October 7, 2014

    Washington: Indian economy, which accounts for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16 as against 5.6 per cent in 2014-15, the World Bank has said. With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi,...
  • With Senate at stake, Barack Obama touts economic gains October 3, 2014

    Washington: President Barack Obama on Thursday told voters that he and Democrats succeeded in pulling the US economy back from the brink of collapse during the Great Recession but acknowledged it was still tough going for the middle class. He spoke at Northwestern University's Kellogg School of Management in a suburb...
  • Job loss fears may trigger asthma risk: Study September 23, 2014

    Washington: The fear of losing job may boost the risk of developing asthma for the first time, a new study has warned. The findings back up other epidemiological studies pointing to a link between the development of asthma and stress, particularly work related stress, researchers said. They base their findings on...
  • 'Xi's visit to India shows China's neighbourhood diplomacy' September 21, 2014

    Beijing: Chinese President Xi Jinping's visit to India and three other countries highlighted China's sincerity and determination in advancing its neighbourhood diplomacy, official media said on Sunday. India, Sri Lanka, the Maldives and Tajikistan which Xi visited are emerging countries struggling for prosperity, a commentary by staterun Xinhua news agency said....
  • Cambridge says 'alumnus' Manmohan Singh has standing invite September 21, 2014

    New Delhi: Eager to host its "famous and valued alumnus" Manmohan Singh, Cambridge University has said it has a standing invite for the former prime minister of India and it would love to see him on the campus. Singh, a well known economist, studied economics at St John's College, Cambridge. He...
  • ModiXi meet: Can strategic divergence meet economic convergence? September 17, 2014

    A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart. India's new Prime Minister, Narendra Modi, is determined to build closer...
  • Gujarat to roll out red carpet for China President, economic cooperation high on agenda September 17, 2014

    New Delhi: The stage is all set for one of the biggest diplomatic events of the year as Chinese President Xi Jinping will arrive in India on Wednesday for a 3day visit. Breaking the protocol, Prime Minister Narendra Modi would personally receive Jinping in Ahmedabad as a special gesture. While...