Economy News

India will resist American pressure on complying with reimposed Iranian sanctions

India will resist American pressure on complying with reimposed Iranian sanctions

The Trump administration has threatened entities and countries with consequences if they do not bring down their import of Iranian oil to zero by November 4.

Sep 21, 2018, 12:14 PM IST
Petrol prices up again; Diesel remains stagnant

Petrol prices up again; Diesel remains stagnant

Amid states' demand for Centre's intervention to curb the rising fuel prices, petrol prices once again witnessed a surge on Friday.

Sep 21, 2018, 07:46 AM IST
BRICS bank approves $525-million loan for infra projects in MP

BRICS bank approves $525-million loan for infra projects in MP

The Board of Directors of the NDB on Wednesday approved a USD 350-million loan for the Major District Roads Project II of Madhya Pradesh and USD 175 million for building and upgrading 350 bridges.

Sep 20, 2018, 18:18 PM IST
BoB, Vijaya Bank, Dena Bank merger may cause short-term spurt in bad assets: Report

BoB, Vijaya Bank, Dena Bank merger may cause short-term spurt in bad assets: Report

Slippages may increase in the short-term as recognition of non-performing assets is harmonised and accelerated, India Ratings said in a note.

Sep 20, 2018, 18:17 PM IST
Industry, govt should jointly strategise for economic growth: Ficci

Industry, govt should jointly strategise for economic growth: Ficci

Ficci president Rashesh Shah indicated that the economy is on a recovery path with reforms measures, while Indian rupee is weakening and inflationary pressure going up while rising oil prices are

Sep 20, 2018, 18:14 PM IST
India to pay in rupees for Iranian oil

India to pay in rupees for Iranian oil

Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran, the official added.

Sep 20, 2018, 18:12 PM IST
Indian economy to reach $5 trillion size by 2022: PM

Indian economy to reach $5 trillion size by 2022: PM

The government, he said, has courage to take bold decisions.

Sep 20, 2018, 18:11 PM IST
Price of tea, coffee served on trains hiked from Rs 7 to Rs 10

Price of tea, coffee served on trains hiked from Rs 7 to Rs 10

The Railways circular said that ready-made standard tea will be continued to be sold at Rs 5 per cup.

Sep 20, 2018, 17:06 PM IST
Govt appoints MDs, CEOs in 10 nationalised banks; 5 from SBI alone

Govt appoints MDs, CEOs in 10 nationalised banks; 5 from SBI alone

They all will have tenure till the date of their superannuation.

Sep 20, 2018, 13:20 PM IST
SC extends deadline for completing probe in 2G, Aircel-Maxis case by 3 months

SC extends deadline for completing probe in 2G, Aircel-Maxis case by 3 months

Former finance minister P Chidambaram and his son Karti Chidambaram have been questioned by the agencies during the ongoing probe.

Sep 20, 2018, 11:30 AM IST
As petrol prices sky-rocket, here's what people are doing to ease the pain

As petrol prices sky-rocket, here's what people are doing to ease the pain

Taxes on petrol and diesel, which account for more than a third of retail fuel prices, are one of the biggest sources of income for state and central governments.

Sep 20, 2018, 11:20 AM IST
No respite for common man: Petrol breaches 90-mark in Maharashtra

No respite for common man: Petrol breaches 90-mark in Maharashtra

Petrol was being sold at Rs 89.60 per litre in Mumbai and Rs 82.22 per litre in Delhi.

Sep 20, 2018, 07:18 AM IST
FM to meet PSU banks chiefs next week; to review financial performance

FM to meet PSU banks chiefs next week; to review financial performance

The meeting scheduled for September 25 would discuss a host of issues, including progress made with regard to reduction in non-performing assets, sources said.

Sep 19, 2018, 13:51 PM IST
India considers raising import duty on steel to support rupee

India considers raising import duty on steel to support rupee

The source said there was no certainty that the proposed duty would be imposed.

Sep 19, 2018, 11:34 AM IST
Need to blend subsidy with investment to enhance agri sector growth: Jaitley

Need to blend subsidy with investment to enhance agri sector growth: Jaitley

Talking about the growth, Jaitley said India has grown at reasonable pace in the last quarter century.

Sep 18, 2018, 16:54 PM IST
States set to miss 20% debt-to-GDP ratio target by FY23: Report

States set to miss 20% debt-to-GDP ratio target by FY23: Report

From a global perspective, the country remains an outlier in terms of both consolidated debt-to-GDP and debt-to-revenue ratios.

Sep 18, 2018, 16:49 PM IST
Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's

The government Monday proposed the merger of the three state-owned banks to create the country's third largest lender as part of efforts to revive credit and economic growth.

Sep 18, 2018, 12:10 PM IST
India delays imposition of retaliatory tariffs on US goods till November 2

India delays imposition of retaliatory tariffs on US goods till November 2

In August, India said that it would raise tariffs on US goods on September 18.

Sep 18, 2018, 09:16 AM IST
IMF estimates 'real' effective depreciation of Indian rupee

IMF estimates 'real' effective depreciation of Indian rupee

Compared to December 2017, the real effective depreciation of Indian rupee is between six and seven percent, says an IMF estimate.

Sep 18, 2018, 07:39 AM IST
Fuel prices continue to scale: Diesel nears Rs 79 in Mumbai, Rs 74 in Delhi

Fuel prices continue to scale: Diesel nears Rs 79 in Mumbai, Rs 74 in Delhi

Domestic fuel prices continued to scale on Tuesday with petrol increasing by Rs 0.10 per litre and diesel by Rs 0.9 per litre.

Sep 18, 2018, 07:07 AM IST

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