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Economy News
  • 15 Sep 14
    01:30 PM
    The Supreme Court today directed advocate Prashant Bhushan, who has levelled allegations against CBI Director Ranjit Sinha of protecting accused in the 2G case, to reveal the name of the whistleblower from whom he got CBI documents and guest list at the
    01:28 PM
    Signalling their intent to move closer in various spheres, India and Vietnam Monday signed seven agreements, including one for direct flights between their capitals, for scouting for oil, and an extended line of credit for purchase of defence equipment.
    12:36 PM
    "Paper money, that has dominated transactions for centuries, could be on its way out. We see the warning to cash. There is a clear possibility of 30-40% substitution of cash in circulation in India with digital transactions," said the report.
    12:02 PM
    The wholesale price index (WPI)-based inflation fell substantially to a five-year low of 3.74% in August from 5.19% in July as all broad categories showed decline in the rate of price rise over this period.
    11:29 AM
    The Reserve Bank of India (RBI) Governor Raghuram Rajan said India's macroeconomic indicators are improving and inflation has been coming down consistent with the central bank's forecast, but Asia's third-largest economy needs investment
    11:20 AM
    Completing its probe into 'chit fund scam' of 14 Saradha group firms, SFIO today said these companies were running 'ponzi schemes' and would face prosecution for violation of several laws.
    12:50 AM
    To sort out the liability issue plaguing Indian nuclear reactors, the Centre has asked General Insurance Company (GIC) to work on a model that could be applied to insure such facilities in the country.
    12:50 AM
    A special session of the Rajasthan legislative Assembly has been called on Monday to pass the new Rajasthan Land Acquisition Bill and to endorse the National Judicial Appointments Commission Act.
    12:49 AM
    China will pledge to invest billions of dollars in India's rail network during a visit by President Xi Jinping this week, bringing more than diplomatic nicety to the neighbours' first summit since Narendra Modi became prime minister in May.
    12:48 AM
    The Airports Authority of India (AAI), which owns Mumbai Airport land, has given an “in -principle&" approval to the Maharashtra government’s proposal to rehabilitate 90,000 slum dwellers living on airport land, on the same siteThe state
    12:47 AM
    The southwest monsoon is likely to start withdrawing from western Rajasthan any time in the week starting Monday, said private weather forecasting company Skymet Weather Services.
    12:35 AM
    Even as trade and industry bodies welcomed the state's new industrial policy (2014-19), they have appealed to the government to set up a proper mechanism for Centre-State coordination to ensure speedy clearances for several projects.
    12:31 AM
    The Andhra Pradesh government is contemplating setting up ultra-mega solar parks of 2,500-Mw capacity in Ananthapur, Kurnool and Kadapa districts through an MoU among APGenco, New and Renewable Energy Development Corporation of Andhra Pradesh (Nredcap)
    12:19 AM
    The state government has sought technical and financial help from Airport Authority of India (AAI) to develop Jeypore airstrip into a commercial airport, citing its proximity to top industrial sites in the state.
    12:18 AM
    The Supreme Court has extended the deadline for central empowered committee (CEC) to submit the report on status of illegal mining in Odisha by a month.
    12:16 AM
    Seeking to build capabilities of Indian private sector warship builders, the Defence Ministry has rejected the plea of a state-owned shipyard to participate in the Rs 25,000 crore project to construct four amphibious warfare vessels for the Indian Navy.
    12:16 AM
    Cash-rich China is looking to outwit rival Japan by pledging to invest billions of dollars in India's railway, manufacturing and infrastructure projects during President Xi Jinping's maiden visit to the country this week.
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