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November 13, 2015 8:02 AM
International Monetary Fund, IMF, has said it broadly supports the series of economic reforms undertaken by India. Addressing a press conference in Washington, IMF spokesman Gerry Rice said economic reforms being undertaken by Modi's government is moving in the right direction. Rice was res...
November 13, 2015 7:30 AM
Government has announced increase in weekly seat entitlements on flights to Oman, Kenya and Ethiopia besides measures to boost air services with Scandinavian countries, including Sweden and Denmark. The decision to enhance seat entitlements and air connectivity with multiple countries comes at a tim...
November 13, 2015 7:20 AM
Telecom regulator TRAI has refuted claim by mobile operators that call drop compensation will have huge financial implications for them and may not be technically possible to implement. In a statement, TRAI said it's technically possible for the operators to implement the regulation and ter...
November 12, 2015 7:35 PM
Government has offloaded over 4,660 tonnes of seized pulses in market to check prices and boost availability. This is out of 1.33 lakh tonnes seized pulses from hoarders in raids across the country recently. According to an official release, Delhi, Odisha, Karnataka, Madhya Pradesh and Chattisgarh h...
November 12, 2015 7:35 PM
Industrial production fell to four-month low of 3.6 per cent in September due to subdued performance by manufacturing and non-durable consumer goods segments. Industrial output growth, measured in terms of the Index of Industrial Production (IIP), was also revised slightly downwards to 6.2 per cent ...
November 12, 2015 7:09 PM
Retail inflation climbed to 5 per cent in October due to costlier pulses and other food items for the second straight month.The Consumer Price Index (CPI) based inflation in September stood at 4.41 per cent. In October 2014, the retail inflation was 4.62 per cent. According to government data, overa...
November 12, 2015 6:44 PM
Former RBI Deputy Governor Subir Gokaran was today appointed as an Executive Director on the board of the International Monetary Fund (IMF). The name of the renowned economist was cleared by Appointments Committee of Cabinet headed by Prime Minister Narendra Modi, as per an order issued by the Depar...
November 12, 2015 2:32 PM
The international Magazine "THE ECONOMIST" has said, India can be a China-like global growth powerhouse of the 2020s, provided it addresses several challenges. The Chief of the Intelligence Unit of the magazine Simon Baptist said in a report, that India is the only country that has...
November 12, 2015 2:17 PM
Government has extended by one year the tenure of a high-level committee set up under former Chief Economic Advisor Ashok Lahiri to suggest steps to sort out taxation problem being faced by the trade and industry. The panel was given the task of interacting with the industry on tax related issues on...
November 12, 2015 2:16 PM
India can be a China-like global growth powerhouse of the 2020s, provided it addresses several challenges, the Economist Intelligence Unit,EIU, has said. In a report, the EIU's Chief Economist Simon Baptist said India is the only country that has the potential to change the world in the 202...
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