ECONOMICS

  • Arvind Subramanian is a creative thinker: US think tank 3 days ago

    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 3 days ago

    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 4 days ago

    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 6 days ago

    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 6 days ago

    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...
  • 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...