Economics

  • 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...
  • Tamil Nadu's growth up at 7.29 pc in 201314, says CM Jayalalithaa September 15, 2014

    Coimbatore: Countering charges of various political parties linking poor governance to lower growth in Tamil Nadu, Chief Minister Jayalalithaa on Monday asserted that Gross State Domestic Product (GSDP) has increased to 7.29 per cent in 201314 from 3.39 per cent in 201213. Refuting the charges by the parties linking poor performance...
  • Economic prospects brighten, GDP to improve to 5.2 pc in 2014: Moody's September 10, 2014

    New Delhi: Rating agency Moody's on Wednesday said that the downside risks to the economy have receded and prospects have brightened with growth rate expected to accelerate to 5.2 per cent in 2014 and 6.5 per cent by end of 2015. "With risks receding and most sectors expanding, our 2014 forecast...
  • Gujarat seeks strong economic ties with US September 8, 2014

    Washington: Underlining that the new Indian government was focused on eliminating developmental challenges, a highlevel business delegation from Gujarat has called American companies to invest and explore business opportunities in the state and India. "The new (Indian) government is not afraid of making hard decisions and with Prime Minister (Narendra) Modi's...
  • India slips to 71st rank in global competitiveness list September 3, 2014

    Geneva/New Delhi: Weighed down by challenging economic conditions for most part of the past year, India has slipped to the 71st position the lowest among BRICS countries in an annual global competitiveness list, where Switzerland remains on top. The annual list, released on Wednesday by Genevabased World Economic...
  • Noted Historian Bipan Chandra dies at the age of 86 August 30, 2014

    New Delhi: Well known Indian author and historian Bipan Chandra died on Saturday morning at the age of 86. He was considered to be an expert in political history and economics. He has authored a number of books including The Rise and Growth of Economic Nationalism, Communalism: A Primer, The...
  • USbased Subramanian likely to be next Chief Economic Advisor August 22, 2014

    New Delhi: USbased economist Arvind Subramanian is likely to be appointed Chief Economic Advisor in the Finance Ministry. According to sources, his name has been recommended to the Appointments Committee of Cabinet (ACC) for approval. The post of CEA has been lying vacant since Raghuram Rajan left the Finance Ministry to...
  • Arvind Subramanian likely to be chief economic adviser August 22, 2014

    New Delhi: USbased economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday. If confirmed, the appointment would bring a second economist of international renown to a key policy post following the naming of...
  • Rainstorms, floods kill 27 in China August 17, 2014

    Beijing: Rainstorms and ensuing floods have affected seven provinciallevel regions in China, causing 27 deaths and relocation of over 84,000 people as of Saturday, Xinhua reported. From Monday to Thursday, heavy rains battered the provinces of Fujian, Jiangxi, Hunan, Guangdong, Sichuan, Guizhou and Guangxi Zhuang Region, affecting more than 770,000 people,...
  • Maharashtra is number one in manufacturing: Prithviraj Chavan August 16, 2014

    Mumbai: Maharashtra Chief Minister Prithviraj Chavan took a snipe at Prime Minister Narendra Modi on Saturday by claiming that the state attracts maximum number of investors. He said, "Maharashtra is number one in manufacturing, Special economic zones and employment. We also attract maximum investors." The remarks came at the inauguration of...
  • MH17 crash overshadows G20 trade summit July 19, 2014

    Sydney: Trade ministers from the world's leading economies met in Sydney on Saturday for the latest round of G20 talks, with the crash of Malaysia Airlines flight MH17 threatening to overshadow the summit. G20 chair Australia has sought to keep the meeting focused on economic growth, but Thursday's disaster in rebelheld...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 201415 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India. "Unless the budget is followed by a more specific implementation plan, as well as additional measures to address macroeconomic...
  • India @ 9 with Anubha Bhonsle July 9, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • Bihar best performing state in terms of growth rate: Survey July 9, 2014

    Bihar is the best performing state in terms of gross state domestic product (GSDP) and per capita income growth, the Economic Survey for 201314 has said. Presenting the Survey in parliament, finance minister Arun Jaitley said a few states, including Madhya Pradesh, Gujarat and Kerala, have also performed well above the...
  • Chidamabaram appreciates restrained language of Economic Survey July 9, 2014

    New Delhi: Former Finance Minister P Chidambaram on Wednesday appreciated the restrained language of the preBudget Economic Survey but expressed disappointment over it envisaging a five year period to put in place reforms. Reacting to the Survey tabled in Parliament on Wednesday, he said that he was glad that it...
  • High expectations of industry, middle class from Jaitley's maiden Budget July 9, 2014

    New Delhi: Amid high expectations from the middle class and industry, Finance Minister Arun Jaitley will present his maiden budget on Thursday that may contain tax sops for the salaried, dumping of the controversial retrospective tax and spelling out steps to revive investment and manufacturing for growth. There are high hopes...
  • Government approves expansion of highways in five states July 9, 2014

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved four and sixlaning of highways covering over 676 kilometres in Uttar Pradesh, Rajasthan, Delhi, Kerala and Andhra Pradesh at a total cost of about Rs 13,987 crore. "The CCEA today approved development of fourlaning of the KazahakkottumMukkola section of...
  • News 360: Economic Survey sees GDP growth for FY15 between 5.4 to 5.9 per cent July 9, 2014

    India will probably unveil bold reforms in its Budget on Thursday in a bid to turn around an economy growing at decade lows, but major changes to taxes will be absent, a survey showed. ...
  • Economic Survey suggests economy was robust in UPA regime: Congress July 9, 2014

    New Delhi: On the eve of the Union Budget, Congress on Wednesday latched on to the Economic Survey in seeking to puncture government claims that it has inherited 'empty coffers' and a bad economy. Party spokesman Abhishek Singhvi quoted profusely from the highlights of the Survey presented to Parliament on Wednesday,...
  • High tariff needed to make bullet trains viable: Economic survey July 9, 2014

    New Delhi: High tariff and large passenger volumes are required to justify investment in highspeed train projects as these are highly capital intensive in nature, the Economic Survey (ES) has said. Railways has in consultation with state governments selected seven corridors for carrying out prefeasibility studies for the introduction of highspeed,...
  • Fiscal deficit for 201415 projected at 4.5 per cent of GDP: Arun Jaitley July 9, 2014

    New Delhi: Finance Minister Arun Jaitley on Wednesday presented the Economic Survey 201415 in the Lok Sabha and pointed towards the worsening Fiscal situation. He said that the fiscal deficit for 201415 year is projected at 4.5 per cent of Gross Domestic Product (GDP). He assured that the government will...
  • Worsening structural constraints led to sub5per cent growth: Survey July 9, 2014

    New Delhi: Worsening structural constraints like "illtargetted" subsidies and a low manufacturing base, are among reasons that dragged down economic growth rate to sub5 per cent level, the Economic Survey said on Wednesday. "The accentuation of structural constraints has been one of the factors contributing to sub5 per cent growth without...
  • Economic Survey highlights the 'mess' we inherited: Piyush Goyal July 9, 2014

    New Delhi: Blaming the UPAled government for the poor state of economy, Power Minister Piyush Goyal on Wednesday said the new government has inherited 'mess' from the previous UPAled regime. "A robust economy with euphoric investor sentiment that NDA left in 2004, has been brought down to a faltering economy with...
  • Economic Survey urges strong steps to contain fiscal deficit July 9, 2014

    New Delhi: Fiscal situation is worse than it appears, Prime Minister Narendra Modi's government said in an economic report on Wednesday that called for tough measures to shore up public finances and reduce inflation. The report's tone will increase speculation that Finance Minister Arun Jaitley, in presenting his first Budget to...
  • Urgent need to revamp Mahatma Gandhi NREGA: Economic Survey July 9, 2014

    New Delhi: Calling for an urgent revamp of previous UPA government's flagship job guarantee programme, Mahatma Gandhi NREGA, the Economic Survey on Wednesday said it needs to be made more development oriented and prevent its misuse. The survey also said there is a need for revamp or reorganisation of some of...
  • Economic Survey presents realistic macroeconomic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 201314 as a "realistic" assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth. "The bold reform measures outlined in the Economic Survey need to...