Government forecast economic growth at 5..5% this year

The GDP growth in the current fiscal is expected to be around 5.5 per cent from 4.7 per cent last year on back of improving macro-economic situation. According to Mid-year economic analysis tabled in Parliament today, the investment is yet to pick up significantly. However, it noted that inflation h...

Govt committed to 4.1% fiscal deficit target for FY 15: Arvind Subramanian

The Chief Economic Advisor, Arvind Subramanian today said, government is committed to meeting the fiscal deficit target of 4.1 percent in next financial year. Addressing media after releasing the mid- term economic analysis in New Delhi, Mr Subramanian said, the government has taken many steps in th...

GDP growth in current financial year expected to be around 5.5%

The GDP growth in the current financial year is expected to be around 5.5 per cent. Mid-year economic analysis tabled in Parliament, today, said the investment is yet to pick up significantly. However, it noted that on the up side inflation has come down. It said the backlog of stalled projects need...

Sanctions, slumping oil prices cripple Russian economy

Russia's economy is in deep trouble. Crippled by sanctions and stung by slumping oil prices, the nation's currency has lost half its value against the US dollar since June. Because of the volatility of the rouble, many foreign businesses are finding it impossible to operate in Russ...

SEBI working to simplify KYC process for rural customers

Fall in global oil prices temporary problem, says Saudi Arabia's Oil Minister

Saudi Arabia's Oil Minister Ali Al Nuaimi has said that the fall in global oil prices is a temporary problem which will pass off over a period of time. He also rejected reports that the Saudi Arabia is pushing prices lower. Ali Al Nuaimi said in Riyadh that the sharp falls were not driven b...

Money from abroad only after RBI accord: SC on Sahara

The Supreme Court has said that the money likely to be arranged by Sahara Group from overseas to raise 10,000 crore rupees for the release of its jailed chief Subrata Roy will come into the country only after necessary clearances by RBI. The court agreed that legal impediments in the transfer of mon...

Russian economic crisis: Rouble will stabilize, says Putin<br/>

President Vladimir Putin has sought to ease fears over Russia&apos;s economy, insisting that the dramatic fall in the rouble will stabilize. Speaking at his end-of-year news conference, which lasted over three hours, he blamed outside factors for the currency hitting an all-time low.But he admit...

Oil prices edge higher in Asia

Oil prices edged higher in Asia today after data showed US stockpiles dipping, while the Federal Reserve indicated interest rates would not be hiked until the middle of next year. US benchmark West Texas Intermediate for January delivery rose eight cents to 56.55 dollar while Brent crude for Februar...

Oil prices edge up in Asian trade

Oil prices edged higher in Asia today after data showed US stockpiles dipping, while the Federal Reserve indicated interest rates would not be hiked until the middle of next year. US benchmark West Texas Intermediate for January delivery rose eight cents to 56.55 dollar while Brent crude for Februar...