New Delhi: The International Monetary Fund has lowered its forecast for global economic growth in 2015, with diminished expectations almost everywhere except the U.S., citing persistent weakness in the eurozone and a broad slowdown in
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 today while terming
Geneva: India will see a gradual growth acceleration with its GDP expected to reach 5.9 per cent this year and 6.3 per cent in 2016, the UN said today while partly crediting the recovery to
New Delhi: NITI Aayog, the revamped Planning Commission, will actively monitor and evaluate implementation of government programmes and initiatives, Planning Minister Rao Inderjit Singh said on Monday."A major task before the NITI Aayog is to
Mumbai: Following its interest rate cut last week after nearly two years, the Reserve Bank of India (RBI) on Monday asked banks to notify the base, or minimum, lending rate at least once every three
New Delhi: PSU bank employees' unions have deferred the proposed four-day strike from January 21 after the management of banks (IBA) assured that wage related issues will be resolved by early February.“Four-day strike has been
Chennai: With one-and-a-half months left for the Budget, Finance Minister Arun Jaitley on Monday said the government will take "special steps" to boost public spending on infrastructure and initiate measures to rationalise subsidies."Even with the
New Delhi: In the year 2016, the wealthiest 1 per cent will own more than the rest of the world's population, according to a study by anti-poverty charity Oxfam."The scale of global inequality is quite
Chennai: Ahead of the 2015-16 Budget, Finance Minister Arun Jaitley today said there was a need to rationalise all subsidies and ensure stability in policies to attract investment and drive growth. “From January 1 LPG
New Delhi: After petrol and diesel, the NDA-government is contemplating to deregulate urea. The proposed deregulation plan may be announced in the coming Union Budget for 2015-16.The government is reportedly working on a three-year plan
Barauni (Bihar): The capacity of the 50-year old Barauni refinery will be raised to 9 million tonnes per annum (MTPA), Petroleum Minister Dharmendra Pradhan said Sunday."The refining capacity of the Barauni refinery will be raised
Washington: The International Monetary Fund (IMF) had lauded India's efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies.While speaking about the outlook for
New Delhi: Ahead of the budget, Finance Minister Arun Jaitley has said the NDA government is not in favour of high taxation, instead it would want to leave more money in the hands of consumers
New Delhi: Weeks ahead of schedule, Reserve Bank of India (RBI) Governor Raghuram Rajan cut interest rates for the first time in almost two years on the day data showed the December trade deficit had
New Delhi: Finance Minister Arun Jaitley on Saturday assured trade unions that the government did not intend privatizing either the Indian Railways or Coal India."Government has no intention to privatize either railways or Coal India.
Mumbai: Foreign direct investment into the country jumped 22.65 per cent to Rs 15,08,960 crore as of end March 2014, up from Rs 12,30,250 crore as of 2012-13, with equities dominating the pie with share
New Delhi: Prime Minister Narendra Modi on Friday called for making India a USD 20 trillion economy, while stressing laws must evolve with time and his government had taken several initiatives towards "transforming India".Addressing the
New Delhi: Petrol price was today cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.The
New Delhi: The government today hiked excise duty on petrol and diesel by Rs 2 per litre each to take away gains coming by way of global oil prices dipping to six-year lows.Retail pump rates
New Delhi: A day after oil companies skipped revising petrol and diesel prices despite steep fall in global rates, Petroleum Minister Dharmendra Pradhan today said the state-owned firms will do what is "appropriate".As per the
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