Spanish stock market rises
Madrid, Feb 27 (IANS) The Spanish stock market index Ibex-35 rose 1.63 percent to close at 8,349.20 points, up from the 8,125.60 points of the previous session. Share values were up 1.9 percent in the…
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Finance
US stocks fluctuate after upbeat GDP report
New York, Feb 27 (IANS) US stocks traded narrowly mixed as the country’s economic growth was revised up to one percent in the fourth quarter of 2015. By Friday noon, the Dow Jones Industrial Average…
More funding needed for child nutrition, says CRY
New Delhi, Feb 26 (IANS) The government should provide for greater funding of the Integrated Child Development Scheme (ICDS) in the budget for 2016-17, a child rights organisation said on Friday. CRY, an NGO, also…
Economy to grow 7-7.5 percent next year: Survey
New Delhi, Feb 26 (IANS) Noting the challenge posed by a global slowdown, the Economic Survey 2015-16 tabled in parliament by Finance Minister Arun Jaitley on Friday pegged India’s growth for the next fiscal in…
Europe braces for major ‘humanitarian crisis’ in Greece
London, Feb 26 (IANS) European governments are bracing for a major humanitarian emergency in Greece amid rising panic that the European Unions (EU) fragmented efforts to cope with its migration crisis are nearing breakdown. EU…
Japan to grant funds to tackle Zika outbreak
Tokyo, Feb 26 (IANS) Japan is to grant $1 million in emergency aid to help curb the outbreak of the Zika virus in Latin America. The government announced on Friday that it will provide the…
South Korea’s education spending hits record high
Seoul, Feb 26 (IANS) South Koreas monthly spending on private education per child hit a record high in 2015, with seven out of 10 students taking private lessons, official data showed on Friday. According to…
IMF chief urges G20 countries to continue reforms process
Shanghai, Feb 26 (IANS) International Monetary Fund (IMF) chief Christine Lagarde on Friday urged G20 countries to continue structural reforms process in order to restore confidence in short-term recovery. Growth is slowing down throughout the…
IMF chief stresses structural reforms
Beijing, Feb 26 (IANS) China is not the only economy in need of structural reforms as they are fundamental for the success of every G20 economy, IMF Managing Director Christine Lagarde said on Friday. This…
Indian stock markets more resilient than peers: Survey
New Delhi, Feb 26 (IANS) The Economic Survey for 2015-16 tabled in parliament on Friday stated that despite heavy volatility in global financial system, the Indian stock markets were more resilient than their global peers….
Only taxes on carbon emissions can cut fuel consumption
New York, Feb 26 (IANS) Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas, and coal we can, unless governments pass new taxes on carbon emissions, according to…
State health budgets rose 21 percent before Delhi’s cutbacks
By Prachi Salve Amid criticism, central funding of national health programmes was cut 15 percent in the union health budget of 2015-16, but state health budgets taken together had already risen 21 percent…
Distressed Indians in UAE to use community fund
Abu Dhabi, Feb 26 (IANS) Distressed Indians in the UAE have been urged to use 11.7 million dirham (Rs.21 crore) community fund to which Indian expats contribute every time they avail a consular service, a…
Norway allocates more funds to help refugees
Oslo, Feb 26 (IANS) Norway said that it has stepped up its efforts to help refugees in Greece by allocating more funds to strengthen Athens’ capacity to deal with the flow of refugees. The authorities…
US stocks extend gains on rising oil
New York, Feb 26 (IANS) US stocks kept rising as Wall Street digested a batch of generally positive economic reports amid oil recovery. The Dow jumped 1.29 percent, and the S&P 500 gained 1.13 percent,…
Budget should have also addressed our financial woes: Railway porters
New Delhi, Feb 25 (IANS) Railway porters, who will now onwards be known as sahayaks, on Thursday appreciated the government’s decision of providing them new uniforms, but demanded more reforms, which they claimed the government…
ED arrests two more accused in forex transfer case
New Delhi, Feb 25 (IANS) The Enforcement Directorate on Thursday arrested two more accused allegedly involved in illegal forex transfer involving the Bank of Baroda. Brothers Varun Bhatia and Gaurav Bhatia were presented before special…
Rupee weakens to a fresh 30-month closing low
Mumbai, Feb 25 (IANS) The Indian rupee weakened by 15 paise on Thursday to touch its new 30-month closing low. The rupee closed at 68.71 against the US dollar at a level which was last…
Is Indian railways moving to dynamic pricing of fares?
New Delhi, Feb 25 (IANS) With railway finances under strain, Railway Minister Suresh Prabhu on Thursday left fares unchanged and assured independence of a proposal rail regulator for fixing realistic fares, raising questions about whether…
Despite revenue and funding blues, Prabhu skips rail tariff hikes
By Arvind Padmanabhan New Delhi, Feb 25 (IANS) India’s rail budget has kept passenger fares and freight rates unchanged at least for now. A slew of measures has been announced for travel comfort. But the…