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Cabinet nod to BRICS bank for contingency fund, development projects

Feb 25, 2015 at 21:22 | Source: FirstPost

New Delhi: Union Cabinet on Wednesday cleared the creation of the proposed 5-nation BRICS bank that will mobilise resources for infrastructure projects and provide short-term liquidity to emerging economies in case of payment crisis.The proposal was ...

Budget 2015: A cut in corporate tax rate will boost Make in India but FM unlikely to oblige

Feb 20, 2015 at 18:06 | Source: FirstPost

India's corporate tax rate is 30 percent for domestic companies and 40 percent for foreign companies and their branches. A surcharge of 5% is applicable for domestic companies and 2 percent on foreign companies, if their earnings is upwards of Rs 1 c...

Coal auctions to ensure cheaper power instead of state-offered subsidy, says Jaitley

Feb 17, 2015 at 19:23 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley today said the ongoing auction of coal mines would help in ensuring cheaper electricity to the common man in a sustained manner as against the practice of states subsidising power. The minister, who will prese...

Modi 2.0: Is the PM doing an Advani by doning a secular hat?

Feb 14, 2015 at 19:58 | Source: FirstPost

The Delhi defeat seems to have triggered a strong churning for Prime Minister Narendra Modi who looks set to turn a new leaf and reinvent himself as a secular, visionary statesman not a hardcore Hindu fundamentalist leader that most people within In...

Modi 2.0: Is the PM doing an Advani by donning a secular hat?

Feb 14, 2015 at 19:58 | Source: FirstPost

The Delhi defeat seems to have triggered a strong churning for Prime Minister Narendra Modi who looks set to turn a new leaf and reinvent himself as a secular, visionary statesman not a hardcore Hindu fundamentalist leader that most people within In...

Did Modi government just scrap the SAARC Development Bank?

Feb 03, 2015 at 16:16 | Source: FirstPost

Even though Prime Minister Narendra Modi had proposed a SAARC Development Bank last year to fund the infrastructure needs of the region and save the developing economies from paying high borrowing costs, the NDA government has now reportedly junked t...

Sushma Swaraj proposes 6 point template to broaden China-India ties

Feb 01, 2015 at 08:53 | Source: FirstPost

Beijing: On her maiden visit to China, External Affairs Minister Sushma Swaraj today proposed a six point "template" to broaden China-India engagement with an action oriented approach to usher in Asian century.Addressing an India-China Medi...

Economy set to take off to reach 8-9 percent growth in the years to come: Jaitley

Jan 22, 2015 at 22:42 | Source: FirstPost

Davos: The economy is set to clock a 6.5 percent growth next year and then take off to reach 8-9 percent in the years to come on the back of huge public support for reforms initiated by the government, Finance Minister Arun Jaitley said on Thursday.&...

South Africa profile

Jan 22, 2015 at 14:42 | Source: BBC

Diversity is a key feature of South Africa, where 11 languages are recognised as official, where community leaders include rabbis and chieftains, rugby players and returned exiles, where traditional healers ply their trade around the corner from stoc...

IMF growth forecast for India needs to be taken with a pinch of salt

Jan 21, 2015 at 15:27 | Source: FirstPost

The only function of economic forecasting is to make astrology look respectable. John Kenneth GalbraithEvery bull market needs a story. In fact, different phases of the same bull market need different stories.The latest story to hit the Indian stock...

Mind the gap in multi-speed world economy after oil plunge

Jan 11, 2015 at 22:15 | Source: FirstPost

WASHINGTON/NEW DELHI (Reuters) - Robust recovery in the United States, a moribund euro zone and slowing Chinese growth reflect global splits which plunging oil prices are likely to widen.On the face of it, lower energy bills should give consumers and...

India's manufacturing, services sector grew faster than China's in December

Jan 07, 2015 at 13:43 | Source: FirstPost

New Delhi: The manufacturing and services sectors in India expanded at a faster pace than those in China in December, even as emerging market growth remained lacklustre, an HSBC survey said today.The HSBC Emerging Markets Index (EMI), a monthly indic...

Nifty rises over 30% in 2014, best rally since 2009

Dec 31, 2014 at 12:37 | Source: FirstPost

Mumbai: Indian shares edged up on Wednesday, capping a record-setting year with hopes that the momentum would sustain in 2015 should the government announce additional economic reforms and the RBI start cutting interest rates.The Nifty has gained 30....

RBI to cut rates in Feb, defend rupee at 62-63/$ range, says Bank of America

Dec 25, 2014 at 12:46 | Source: FirstPost

New Delhi: The Reserve Bank is likely to cut rates by 0.25 percent in February's monetary policy review as its target of six percent inflation by January 2016 is likely to be met, Bank of America Merrill Lynch has said."In our view, inflation is...

BRICS bank needs to ensure easy realisation of bonds, say Rangarajan

Dec 24, 2014 at 16:51 | Source: FirstPost

Former RBI Governor C Rangarajan today said the bonds to be floated by the New Development Bank promoted by the BRICS countries should have liquidity to ensure their easy realisation.Speaking after releasing a study undertaken by ASSOCHAM on 'BRICS D...

Oct industrial output contracts, builds case for rate cut

Dec 15, 2014 at 01:45 | Source: FirstPost

NEW DELHI (Reuters) - India's industrial output contracted in October, its worst performance in three years, while retail inflation continued its declining trend, building the case for the Reserve Bank of India to lower interest rates early next year...

PM Modi holds talks with Putin to boost cooperation with Russia

Dec 11, 2014 at 13:31 | Source: FirstPost

New Delhi: Russian President Vladimir Putin on Thursday held talks with Prime Minister Narendra Modi to further boost cooperation between the two strategic partners in crucial sectors like defence, energy and trade at a time when Russian economy was ...

For PM Modi, English switchover came naturally (IANS Special)

Dec 08, 2014 at 00:30 | Source: FirstPost

New Delhi, Dec 7 (IANS) For those following Prime Minister Narendra Modi's addresses abroad, his switch to English instead of the expected Hindi during his recent foreign visits may have come as a surprise. But, for a politician known to be a powerfu...

Will Modi-Putin summit reinvigorate Indo-Russian ties?

Dec 07, 2014 at 08:57 | Source: FirstPost

The 15th India-Russia annual summit in New Delhi on 11 December will not be a routine annual ritual. It will be an occasion for the age-old special strategic partners to address a string of contentious issues that have cast a shadow on their bilatera...

Will Putin-Modi summit reinvigorate Indo-Russian ties?

Dec 06, 2014 at 13:42 | Source: FirstPost

The 15th India-Russia annual summit in New Delhi on 11 December will not be a routine annual ritual. It will be an occasion for the age-old special strategic partners to address a string of contentious issues that have cast a shadow on their bilatera...

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