Global crude oil prices fall by 2 per cent

Global crude oil prices fell about 2 percent, today, after Iran dashed hopes that there would be a coordinated output freeze any time soon. So Brent crude oil futures fell 70 cents, to 39.69 dollars a barrel. Brent had hit a 12-year low in January. U.S. crude was down 79 cents, at 37.71 dollars a ba...

WPI inflation stays in negative zone for 16th straight month at 0.9%

The food articles, mainly vegetables and pulses have turned cheaper as per the Wholesale Price Index (WPI) inflation data for February released today. The index for food articles declined by 3.2 per cent in February as compared to the previous month due to lower price of fruits and vegetables, eggs,...

IMF MD hopes China-led AIIB and BRICS-NDB will work together

Managing Director of the International Monetary Fund (IMF) Christine Lagarde expressed hope today that the China-led Asian Infrastructure Investment Bank (AIIB) and the BRICS New Development Bank (NDB) work together. The NDB is a development institution that was created in July 2014 by the BRICS mem...

Prime Minister Narendra Modi has said, reform of global institutions has to be an on-going process.Addressing the International Monetary Fund - IMF Conference in New Delhi Saturday morning, Mr. Modi said it must reflect changes in the global economy, as also the rising share of emerging economies.He...

Exchange rate not impacting exports: RBI Governor<br/>

RBI Governor Raghuram Rajan today brushed aside the contention that exchange rate is impacting exports.Stating that exchange rate is unlikely to be a helpful tool in increasing exports, he said the shipments can only be increased by raising productivity, improving infrastructure and simplifying regu...

Prime Minister Narendra Modi has said, reform of global institutions has to be an on-going process.Addressing the International Monetary Fund - IMF Conference in New Delhi Saturday morning, Mr. Modi said it must reflect changes in the global economy, as also the rising share of emerging economies.He...

India expresses concerns over talks of scrapping non-immigrant H1B visa by Donald Trump<br/>

India has voiced concerns over talks of scrapping non-immigrant H1B visa for professionals by the US presidential candidate Donald Trump. Chief Economic Adviser Arvind Subramanian on Saturday said, such a move would impact export-led growth. He was speaking at the Advancing Asia Conference co-hosted...

Structural reforms need of the hour to raise potential growth: RBI Governor

RBI Governor Raghuram Rajan has said structural reforms are the need of the hour to raise potential growth. Speaking at the International Monetary Fund - IMF Conference in New Delhi Saturday evening, Mr Rajan said growth is necessary for inter-generational equity. He said below par growth for long p...

FM, RBI Governor caution against over-stating bad loan

Amid outrage over Vijay Mallya&apos;s massive default on loans, Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan today cautioned against overstating the bad loans crisis in the banking system lest it hampers the entire lending operations and growth. Talking to media after the Centra...

All willful loan defaulters would stand disqualified from board positions at listed companies: UK Sinha

Securities and Exchange Board of India (SEBI) Chairman U K Sinha today said that all willful loan defaulters would stand disqualified from board positions at listed companies under new rules. Addressing media in New Delhi, Mr Sinha said, willful loan defaulters barred from fund raising, taking posit...