Economy

Government may auction coal blocks in Dec-Jan

The government is likely to auction explored coal blocks this December or in January next year, Coal Secretary S.K. Srivastava…

10 years ago

India-Japan expand currency swap pact to $50 bn

India and Japan have decided to expand their currency swap agreement, a financial tool to help cushion volatility in foreign…

10 years ago

Rupee will regain value: Chidambaram

Finance Minister P Chidambaram on Thursday said the Indian rupee should recoup its recent losses as the depreciation was overdone…

10 years ago

The Raghuram Rajan effect pushes rupee 2 percent upward.

The Indian currency jumped over 2 percent against the U.S. dollar and the BSE Sensex surged around 550 points after…

10 years ago

Indian economy is fundamentally strong: Rajan

The recent 'œgloom and doom' in India is overdone as the medium-term fundamentals of the economy remain strong, Reserve Bank…

10 years ago

India’s ratings downgrade warning crystal gazing

The Indian economy does not have to fear a downgrade, as warned by some ratings agencies, since some key domestic…

10 years ago

RBI to issue new bank licences by January 2014

The Reserve Bank of India (RBI) will issue new bank licences by January 2014, Raghuram Rajan said on Wednesday after…

10 years ago

Economic slowdown affecting auto sector: Praful Patel

Union Heavy Industries and Public Enterprises Minister Praful Patel on Wednesday said the automobile industry was facing turbulent times due…

10 years ago

Raghuram Rajan takes over as 23rd governor of RBI

Raghuram Govind Rajan on Wednesday took over as the 23rd governor of the Reserve Bank of India (RBI).

10 years ago

Unconventional monetary policies need to go: PM

Prime Minister Manmohan Singh on Wednesday called for an "orderly exit from unconventional monetary policies" in developed countries, so that…

10 years ago

Cabinet nod to plan to reduce urban poverty

Aiming to reduce poverty and vulnerability of urban poor, the Cabinet Committee on Economic Affairs on Tuesday approved restructuring of…

10 years ago

Raghuram Rajan to take over as RBI governor

Raghuram Govind Rajan, chief economic advisor in the finance ministry, is scheduled to take over as governor of the Reserve…

10 years ago

Indian stocks, currency sink as Syrian tension worsens

Indian rupee and stock markets plunged today, with bechmark Sensex sliding by 650 points on reports that missiles were fired…

10 years ago

Sensex sheds 129 point in pre-noon trade

A benchmark index of Indian equities markets was trading down by 129.37 points or 0.69 percent during pre-noon trade today.

10 years ago

Government’s proposal to shut oil pump at night may prompt black-marketing.

The government is mulling over the proposal of shutting oil pumps after 8PM to decrease the fuel demand in the…

10 years ago

India needs a government with ‘international outlook’: Sam Pitroda

The Indian economy and society is at the "tipping point" and needs a strong government with "international outlook" to take…

10 years ago

Moily’s austerity plan to shut petrol pumps at night

With the falling rupee and rising oil import bills fuelling the current account deficit, the petroleum ministry is planning to…

10 years ago

India doesn’t need IMF help for stabilising rupee: Montek

India does not need the International Monetary Fund's help to ensure the stability of the rupee, which has depreciated by…

10 years ago