ECONOMICS

  • Alfred Nobel's will on display for first time in Stockholm 22 hours 20 minutes ago

    Stockholm: Alfred Nobel's will creating the prestigious awards that bear his name will go on public display for the first time in Stockholm next week, a spokeswoman said on Wednesday. The Swedish scholar and industrialist who passed away in 1896 left a will demanding most of his fortune be distributed...
  • PM Modi pitches for innovation in I-T sector for economic progress 3 days ago

    Prime Minister Narendra Modi emphasised on the importance of innovation in the I-T sector for national economic progress. Addressing the silver jubilee of the The National Association of Software and Services companies in the national capital, Modi said, "Connectivity is one of the factors which affects GDP. Better and faster...
  • Budget 'credit neutral' from a ratings perspective: Moody's 4 days ago

    Mumbai: Moody's Investors Service said India's 2015/16 budget unveiled on Saturday was "credit neutral," adding the agency would monitor whether the government can fulfill its pledge to meet its fiscal deficit by boosting economic growth. The government on Saturday pushed back the deadline to cut the fiscal deficit to 3 per...
  • Union Budget 2015: Finance Minister did a great job of reviewing economy, says Suresh Prabhu 5 days ago

    Finance Minister Arun Jaitley presented the Union Budget 2015 in Parliament on Saturday aimed at high growth. Reacting on the budget, Railway Minister Suresh Prabhu said that Finance Minister Arun Jaitley has done a amazing job of reviewing the economic growth. ...
  • India @ 9 with Zakka Jacob 6 days ago

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • Food subsidies need overhaul to curb losses: Economic Survey 6 days ago

    New Delhi: India's food subsidy regime needs to be overhauled with direct cash transfers to rein in losses in the public distribution of dietary staples to the poor, the Economic Survey said on Friday. The Economic Survey, the basis for Finance Minister Arun Jaitley's 2015/16 budget on Saturday, said reform of...
  • Key highlights of Economic Survey 2014-15 6 days ago

    New Delhi: The survey prepared by the finance ministry's chief economic adviser Arvind Subramanian on the state of Indian economy was released ahead of Saturday's Union Budget announcement for 2015/16 fiscal year that begins on April 1. Centre forecast GDP growth of over 8 per cent (y/y) in the 2015/16 fiscal...
  • Jaitley presents Economic Survey, states India an attractive destination for long-term investment 6 days ago

    Finance Minister Arun Jaitley tables the Economic Survey for FY 2014-15 ahead of the Union Budget. A growth rate of over 8 per cent is expected for the coming year. According to an Economic Survey the growth in 2014-15 is largely driven by domestic demand. ...
  • Economic Survey 2014-15: 'Scope for big bang reforms' as growth pegged at 8 per cent for next year 6 days ago

    New Delhi: Economic Survey 2014-15, tabled by Finance Minister Arun Jaitley in Parliament on Friday, pegs a growth rate of over 8 per cent for the next financial year while inflation has declined by over 6 percentage points since late 2013. "There is scope for big bang reforms now," said Jaitley...
  • Live: Economic Survey tabled in Parliament, GDP growth to be above 8%, inflation falls 6 days ago

    The Centre presents the economic survey in the Parliament a day before the Union budget. The survey reflects the government's thoughts on the state of the economy. ...
  • PM Modi's decisive leadership to bring India, US closer: America 6 days ago

    Washington: Praising the decisive leadership style of Prime Minister Narendra Modi on both the domestic and foreign policy fronts, a top American spy official told lawmakers here that India under Modi would work more closely with the US on security, terrorism and economic issues, despite maintaining an independent foreign policy. "Prime...
  • Government may soon take a decision on relaxing FDI norms for NRIs February 24, 2015

    New Delhi: The government may soon take a decision on liberalising foreign direct investment norms for NRIs and overseas citizens of India as it aims to increase capital flows into the country. A decision in this regard is expected to be taken at the highest level soon, sources said. In order...
  • No change in ease of doing business under Modi's first 9 months: HDFC Chairman Deepak Parekh February 18, 2015

    Mumbai: Pitching for relaxing "administrative controls" to improve ease of doing business, top industry leader Deepak Parekh has said that impatience has begun creeping in among businessmen as nothing has changed on ground in first nine months of the Narendra Modi government. He said the industry is still optimistic about the...
  • Sensex up 184 points, capital goods surge February 18, 2015

    Mumbai: A benchmark index of the Indian equities markets, the 30-scrip Sensitive Index (Sensex), closed on Wednesday's trade 184 points or 0.63 per cent up as capital goods stocks surged. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed the day's trade with healthy gains. It ended on...
  • PM Modi promises more reforms; rolls out red carpet to investors February 14, 2015

    Pune: Ahead of the Budget, Prime Minister Narendra Modi on Saturday assured investors more reforms as he rolled out the red carpet to multinationals, inviting them to make use of the large pool of highly talented youth in the country. "I invite all those who want to participate in the economic...
  • 'The notion of individual privacy is effectively dead' January 23, 2015

    Davos: Imagine a world where mosquito-sized robots fly around stealing samples of your DNA. Or where a department store knows from your buying habits that you're pregnant even before your family does. That is the terrifying dystopian world portrayed by a group of Harvard professors at the World Economic Forum in...
  • Internet will 'disappear,' says Google's Eric Schmidt January 23, 2015

    Davos: Google boss Eric Schmidt predicted on Thursday that the Internet will soon be so pervasive in every facet of our lives that it will effectively "disappear" into the background. Speaking to the business and political elite at the World Economic Forum at Davos, Schmidt said: "There will be so many...
  • Subsidies to be rationalised, joint session on insurance: Arun Jaitley January 23, 2015

    Davos: Wooing global investors, Finance Minister Arun Jaitley on Thursday hinted at rationalising subsidies on kerosene and cooking gas, rebuilding credibility of taxation structure and calling a joint session of Parliament to get the insurance bill passed if it is not cleared in the coming session. Laying the fiscal road map...
  • Slide in global oil prices great for India: Economic Professor at Harvard University January 22, 2015

    Economic Professor at Harvard University said that investors at the World Economic Forum were buzzing with the names of only 2 countries US and India. ...
  • Sachin Tendulkar invited to speak at World Economic Forum: sources January 22, 2015

    According to sources, Bharat Ratna awardee Sachin Tendulkar has been invited by PepsiCo CEO Indra Nooyi to speak on team building and leadership aspects at Davos on Thursday. ...
  • Government to keep up pace on reforms: Arun Jaitley January 22, 2015

    Davos: Finance Minister Arun Jaitley assured that the government will keep up pace on reforms but said he doesn't want to build expectations in the run up to the Budget. "I am not building up the expectations but yes we are going to keep up the pace. I have already...
  • Economic ties, defence deals to top the talks during Obama's India visit January 22, 2015

    Washington: US President Barack Obama will arrive in India on Sunday for the second time, to build on what he calls one of the 'defining relationships of the 21st Century'. Here are some key areas likely to be discussed during his visit: Strategic importance India's size, location, fast-growing economy and potential as a...
  • Automation to cause temporary replacement of jobs: Vishal Sikka January 21, 2015

    Davos: As companies are moving towards automation, Infosys CEO Vishal Sikka on Wednesday said that there would be temporary replacement of jobs and lower IT costs. Sikka, who was speaking as a panelist in a session on 'Inclusive Growth in the Digital Age' at the World Economic Forum, said that...
  • India's power sector set for $250 billion investment, says Piyush Goyal January 21, 2015

    Davos: Confident about foreign and domestic investors participating in a big way in the Indian growth story, Union Minister Piyush Goyal on Wednesday said that the country's power sector is set for $250 billion investment across different segments. Speaking on the sidelines of the World Economic Forum (WEF) meeting, Goyal...
  • Modi government to present its second Union Budget on February 28 January 21, 2015

    New Delhi: Prime Minister Narendra Modi's government will present its second General Budget on February 28 while the Economic Survey will be out a day earlier on February 27. The Railway Budget will be unveiled on February 26, four days after the start of Parliament's Budget Session. The session will start...
  • World Bank trims estimate of Ebola economic cost January 21, 2015

    Washington: The World Bank trimmed its estimates of the economic damage of the Ebola epidemic on Tuesday, but warned that the three main affected countries would still bear a heavy cost. After warning last October that the outbreak, which has killed more than 8,600, could wreak $25 billion in economic losses...
  • India's growth rate will increase by 6.3 per cent this year, surpass China's by 2016: IMF January 20, 2015

    Washington: India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China's projected growth rate, the IMF said while terming the new government's reforms as "promising" but insisted that their implementation is key. In 2014, India's growth...
  • Every fishing vessel in India's EEZ to be tracked: Manohar Parrikar January 19, 2015

    Panaji: The government is working on a "special mechanism" to track all vessels operating in India's Exclusive Economic Zone (EEZ), Union Defence Minister Manohar Parrikar said on Monday. "Any vessel entering India's exclusive economic zone will be tracked through a special mechanism. Every fishing boat will be given an electronic identity...
  • World Bank cuts global economic outlook despite oil price drop January 14, 2015

    Washington: The World Bank on Tuesday lowered its global growth forecast for 2015 and next year due to disappointing economic prospects in the euro zone, Japan and some major emerging economies that offset the benefit of lower oil prices. The global development lender predicted the global economy would grow 3 percent...
  • India on the cusp of a second economic revolution, says Jagdish Bhagwati January 14, 2015

    Mumbai: Renowned economist Jagdish Bhagwati said that India is on the cusp of a second economic revolution. Speaking exclusively to Network18, Bhagwati praised Prime Minister Narendra Modi and the first steps taken by his government. He expects the Modi government to soften it's stance on FDI in retail sector. He also...