Why there are more hits than misses in the two years of Modi government
May 23, 2016 at 17:43 | Source:
While there is nothing sacred about two years in power, it is always tempting to take stock of the situation when evaluating any governments performance. It is true that we can neither give credit to the government for the good economic numbers nor b...
Saudi Aramco finalises IPO options and plans global expansion| Reuters
May 11, 2016 at 02:15 | Source:
DHAHRAN, Saudi Arabia Saudi Arabia's state-owned oil giant Aramco is finalising proposals for its partial privatisation and will present them to its Supreme Council soon, its chief executive said about the centrepiece of the kingdom's efforts to over...
NALCO to buy back 25 percent stake from government| Reuters
May 03, 2016 at 00:15 | Source:
NEW DELHI State-controlled National Aluminium Co Ltd (NALCO) has agreed to buy back 25 percent of its shares from the government, Mines Secretary Balvinder Kumar told Reuters after a meeting with the company on Monday to discuss pricing.The buyback, ...
GST rollout, infra funding an uphill climb for India, says Moody's
Apr 27, 2016 at 09:54 | Source:
New Delhi: Implementation of the Goods and Services Tax (GST) and bridging large infrastructure deficit are a difficult task before the Indian government, Moody's Investors Service said today.In a report, Moody's said a history of double-digit inflat...
Indian economy like 'one-eyed' king in land of blind: Raghuram Rajan
Apr 16, 2016 at 14:39 | Source:
Washington - With India being often described as 'the bright spot in the global economy', Reserve Bank of India governor Raghuram Rajan sees this as a case of "the one-eyed man" being king in the land of the blind.Amid gloomy global economi...
Stick to fiscal discipline, spend on infrastructure: Jaitley tells states
Apr 12, 2016 at 08:54 | Source:
New Delhi - Stressing that public expenditure is the main driver of growth, Finance Minister Arun Jaitley on Monday asked states to focus on infrastructure and socialsector while staying on the fiscal discipline path.Jaitley, while addressing the con...
Dear Modi, there is indeed progress but this is not time to celebrate
Mar 29, 2016 at 16:10 | Source:
Prime Minister Narendra Modi speaking at an event organised by Bloomberg on Monday (28 March), fiercely defended the economic growth his government has achieved in the first 20 months of his rule that followed the UPA days.Modi refuted the criticism ...
Pressure on Brazil's Rousseff may rise as jobless lose benefits | Reuters
Mar 24, 2016 at 05:31 | Source:
BRASILIA More than 2 million Brazilians are set to lose unemployment benefits by June, data obtained by Reuters show, threatening to erode support for embattled President Dilma Rousseff among her core working class supporters when she needs them most...
Looming debt sales threaten India's bond rally| Reuters
Mar 24, 2016 at 03:15 | Source:
MUMBAI/NEW DELHI A rally in India's bond market this month could prove short-lived as investors brace for as much as $157 billion in sovereign debt sales over the next year, including from states financing a big bailout of electricity utilities, anal...