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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 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...

The second coming? Here's why Putin-Modi summit will change Indo-Russian ties

Dec 06, 2014 at 11:35 | 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...

The second coming? Here's why Putin-Modi summit will transform Indo-Russian ties

Dec 06, 2014 at 10:28 | 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...

A happening six months of foreign policy under Modi government (Six months of Modi rule)

Nov 27, 2014 at 04:15 | Source: FirstPost

New Delhi, Nov 25 (IANS) A very happening six months of foreign policy has been one of the highlights of Prime Minister Narendra Modi's government, with interactions with most of the world, including even the distant islands in the South Pacific. For...

Singapore tops ranking of best place to do business

Nov 20, 2014 at 08:32 | Source: BBC

Wealthy city-state Singapore has once again topped a ranking of the best places in the world to do business. The Economist Intelligence Unit (EIU) ranked Singapore as number one out of 82 countries for its efficient [and] open economy . The tiny Asia...

LIVE: Prime Minister Modi thanks Fiji for its role in success of India's Mangalyaan

Nov 19, 2014 at 15:29 | Source: FirstPost

2.00 pm: Prime Minister leaves FijiPrime Minister Narendra Modi on Wednesday left for home after concluding his 10-day three nation tour during which he attended the East Asia and ASEAN-India Summit in Myanmar, the G-20 Summit in Australia and held b...

LIVE: Prime Minister Modi calls Fiji an important partner, concludes 10-day trip, leaves for India

Nov 19, 2014 at 14:51 | Source: FirstPost

2.00 pm: Prime Minister leaves FijiPrime Minister Narendra Modi on Wednesday left for home after concluding his 10-day three nation tour during which he attended the East Asia and ASEAN-India Summit in Myanmar, the G-20 Summit in Australia and held b...

LIVE: Fiji opposition boycotts PM Modi's address to Parliament

Nov 19, 2014 at 12:55 | Source: FirstPost

12.20 pm: Proud to have India as a partner, says Fijian PMIn response to PM Narendra Modi's visit to Fiji, Prime MinisterJosiah Bainimarama said that he was proud to have India as a future partner. According to reports in DNA,Bainimarama said that he...

Live: Abbott-Modi becomes Tony-Narendra as bonhomie continues

Nov 18, 2014 at 17:05 | Source: FirstPost

4.51pm: Abbott-Modi bonhomie on full swing at Melbourne cricket stadiumAustralian Prime Minister Tony Abbott and his Indian counterpart Narendra Modi held a joint press conference after summit talks, stressing how the two countries were expanding the...

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