Paul Krugman recently blogged about the dominance of the "MIT gang" in global economic policymaking. From Ben Bernanke (former Fed chairman) to Mario Draghi (ECB president) to Olivier Blanchard (IMF chief economist), the MIT educated
Brussels: A top trade official of the European Union (EU) said on Tuesday that negotiators from India and the EU will meet in September to take stock of negotiations on a free trade agreement (FTA),
Mumbai: In a conciliatory move, RBI Governor Raghuram Rajan today seemed willing to concede space on the vexed issue of veto power for the central bank chief and said a "broad consensus" has been reached
Mumbai: On the day the RBI kept interest rates unchanged, calling on commercial banks to relay onward benefits of earlier rate cuts, government-run State Bank of India (SBI) on Tuesday ruled out any interest rate
Mumbai: Ignoring the clamour for an easing of monetary policy, India's central bank kept its key lending rates unchanged on Tuesday, sticking to its stand that further cut can only be effected if commercial lenders
New York: Oil prices plunged as the market expected crude production from the Organisation of Petroleum Exporting Countries (OPEC) to hit a high in July.In June, OPEC production increased by 283,000 barrels per day to
Mumbai: Reserve Bank today kept its policy rates unchanged, with Governor Raghuram Rajan saying that the headline inflation is at elevated levels and banks are yet to pass on the full benefits of previous rate
New Delhi: The Reserve Bank of India (RBI) is widely expected to hold interest rates at its monetary policy review on today.According to the Export-Import Bank of India, the rising trend in inflation seen over
Dubai: A business forum of BRICS nations will be held here for the first time next month to provide opportunities for greater economic collaboration between the countries of the five-member grouping.The forum - initiated and
New Delhi: Going on the backfoot over a draft Bill proposing curtailing powers of RBI Governor on interest rate, the government today said it is not right to conclude that it wants to curtail the
London : Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.The bank also disclosed a number of other
New Delhi: Pressure is mounting on RBI to cut interest rate in its third monetary policy review of this fiscal tomorrow while experts are divided over the issue, saying high retail inflation may hold it
New Delhi: India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0% of GDP while for the current financial year, it is likely to remain under control, says a DBS
New Delhi: In a new twist, an FSLRC member has said the draft bill seeking to clip RBI chief's veto in deciding interest rates does not reflect the views of the panel and it actually
New Delhi: National carrier Air India may request aviation regulator DGCA to reconsider its order removing A S Soman from the post of its flight safety chief after discussing the issue tomorrow.Soman, who was appointed
New Delhi: Prime Minister Narendra Modi on Saturday called for higher ethanol content in petrol and a concerted effort to push exports in a bid to lower the current sugar surplus and protect the
Mumbai: Reliance Communications' arm Global Cloud Xchange (GCX) on Friday announced a direct access to Amazon web services via its cloud platform."Using our Cloud X Fusion, businesses can take advantage of our enterprise grade connectivity
New Delhi: NITI Aayog plans to hire a Chief Economist to conduct research on India's economic policy issues as well as to build contacts with outside institutions.In an advertisement posted on its website, the National
Mumbai: Life Insurance Corporation (LIC) chief S K Roy was yesterday elected as Chairman of the Life Insurance Council, the apex industry body of insurers in the country.Roy was elected in a poll conducted among
Hyderabad: Telangana Chief Minister K Chandrasekhar Rao has been invited to attend the World Economic Forum's “annual meeting of the New Champions 2015” to be held in China in September.The invitation came from Managing Director
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