New Delhi, Jan 30 (IANS) India’s fiscal deficit has touched 88 percent of the annual target as on end-December 2015, even as tax revenue crossed the two-thirds mark, as per the latest official estimates of…
Mumbai, Jan 28 (IANS) Reserve Bank of India (RBI) Governor Raghuram Rajan, referring to the controversial new methodology for calculating India’s GDP growth, said on Thursday that a better computation of growth is essential to…
Washington, Jan 28 (IANS) The International Monetary Fund’s historic quota and governance reforms that for the first time place four emerging market countries – Brazil, China, India, and Russia – among its 10 largest members…
An investor in the trading hall of a Chinese securities firm in China’s in Shanghai. (File Photo: Xinhua/Ding Ting/IANS) Beijing, Jan 28 (IANS) China is the locomotive of the world economic growth train, said a…
Washington/New Delhi, Jan 27 (IANS) With global crude oil prices in free fall through most of 2015, the World Bank has sharply revised downwards its forecast for oil price in 2016, at an average of…
New Delhi, Jan 24 (IANS) The Indian economy is expected to improve in six months but private sector investments will be a matter for concern due to sluggish capacity utilisation and pressure on corporate earnings,…
Davos, Jan 22 (IANS) Describing the current level of economic reforms in India moving in the right direction but inadequate, Reserve Bank of India Governor Raghuram Rajan has said that business in the country needs…
Beijing, Jan 21 (IANS) There are misguided fears about the spillover effect of China’s slowdown, said a Chinese daily on Thursday. An editorial “Caution against misguided fears on growth and oil” in the China Daily…
Mumbai, Jan 19 (IANS) Worldwide IT spending is forecast to total $3.54 trillion in 2016, barely a 0.6 percent increase over 2015 spending of $3.52 trillion, according to world’s leading information technology research company Gartner,…
Mumbai, Jan 19 (IANS) In a bid to infuse liquidity into markets, the Reserve Bank of India (RBI) will purchase government securities worth a total Rs.10,000 crore on Wednesday. “Based on the current assessment of…
Beijing, Jan 19 (IANS) The central parity rate of the Chinese currency, or the yuan, weakened by 6 basis points to 6.5596 against the US dollar on Tuesday, according to the China Foreign Exchange Trading…
By Chaitanya Mallapur Just 62 individuals had the same wealth as 3.5 billion people the bottom half of humanityin 2015, according to a new report, An Economy For The 1%, by global advocacy Oxfam….
New Delhi, January 14 (IANS) With pulses and vegetables, notably onions, continuing to remain dear, India’s annual wholesale inflation rate moved up further to (-)0.73 percent for December, against (-)1.99 percent for the month before,…
New Delhi: New Delhi: Union Minister for Finance, Corporate Affairs and Information and Broadcasting Arun Jaitley chairs the meeting regarding the Financial Stability and Development Council (FSDC), in New Delhi on Jan 13, 2016. Also…
Kathmandu, Jan 13 (IANS) Nepal’s apex business body has claimed that over 400,000 Nepalis lost their jobs in the last five months in the wake of the anti-Constitution protest in the Terai plains and the…
Washington, Jan 8 (IANS) The number of Americans initially applying for unemployment aid decreased last week, echoing a healthy job market. In the week ending January 2, the advance figure of seasonally adjusted initial claims…
New Delhi: Nobel laureate Amartya Sen during a discussion about politics and economy in India, in New Delhi on Dec 17,2015. (Photo: Amlan Paliwal/IANS) New Delhi, Jan 7 (IANS) India has progressed during the 25…
Washington, Jan 7 (IANS) The World Bank has cut the global growth forecast for 2016 to 2.9 percent, saying that weak growth among major emerging markets will weigh on the global scenario during the year….
Washington, Jan 7 (IANS) Weak growth among major emerging markets with only the South Asia region, led by India, projected to be a bright spot, will weigh on global growth in 2016, a new World…
Washington, Jan 6 (IANS) The US oil boom has changed the world’s geopolitics of energy, reducing the influence of the Middle East on oil prices, the American Petroleum Institute (API) said on Wednesday. “The American…