Economy

Panel rejects RBI offer to limit FII investment in sec mkt  

21 Apr 2013, 3.39 pm  |  Source: PTI

A government committee has turned down an RBI proposal to limit FII investments in the secondary market, considering the significant role foreign inve...

India sees BRICS development bank agreed by 2014 summit  

20 Apr 2013, 4.34 pm  |  Source: Reuters

The five BRICS nations hope to complete preparations for their proposed joint development bank by their 2014 summit in Brazil, India's finance ministe...

Forex reserves jump $1.4 b to $295 b  

20 Apr 2013, 4.13 pm  |  Source: PTI

India's forex reserves jumped for the second consecutive week, rising USD 1.40 billion to stand at USD 295.25 billion for the week ended April 12, due...

Stimulus packages lead to fiscal deficit and inflation: FM  

20 Apr 2013, 4.01 pm  |  Source: PTI

Finance Minister P Chidambaram today said the three stimulus packages India had provided to the economy in the wake of the global financial crisis pos...

Analysts see export growth sustaining, relief on CAD front  

20 Apr 2013, 4.00 pm  |  Source: PTI

Continued pick up in trade numbers and decline in imports show that the country's external deficit is finally turning around and the fall in oil and g...

GDP growth in Q3 weakest in last 15 quarters: ASSOCHAM  

20 Apr 2013, 3.53 pm  |  Source: PTI

Apex Industry body ASSOCHAM today said that India's GDP growth in Q3 of 2012-13, at 4.5 per cent, was the weakest in the last 15 quarters. "What is wo...

Asia's focus must be hiking FDI; EMs to lead growth: IMF   

20 Apr 2013, 2.11 pm  |  Source: CNBC-TV18

Anoop Singh, director-Asia Pacific, IMF, speaks to CNBC-TV18 at the IMF and the World Bank meet in Washington on his views on the Asian economy and th...

India tops global remittances list; received $69b in 2012   

20 Apr 2013, 1.57 pm  |  Source: PTI

India is the largest recipient of remittances in the world, receiving USD 69 billion in 2012, the World Bank has said....

Increasing FDI in insurance sector is top on UPA agenda: FM  

20 Apr 2013, 1.22 pm  |  Source: PTI

Increasing foreign direct investment in the insurance sector is top priority for the ruling UPA, Finance Minister P Chidambaram said today, hoping tha...

General insurers see growth slipping this fiscal  

20 Apr 2013, 11.44 am  |  Source: PTI

The general insurance industry is likely to see a drop in growth in the current financial year compared to the last fiscal due to a slowdown in econom...

Asian economies seen on a mild recovery path in 2013: Poll  

19 Apr 2013, 3.44 pm  |  Source: Reuters

Asian economies will likely grow faster in 2013 than the previous year, but the pace of expansion will remain subdued largely because of a weaker-than...

Polls to help economy grow by 6.4% this fiscal: Goldman  

19 Apr 2013, 2.51 pm  |  Source: PTI

Wall Street brokerage Goldman Sachs today projected an 'above-consensus' growth of 6.4 per cent for the current fiscal on factors like the upcoming ge...

PFRDA tightens investment guidelines for pvt sector NPS  

19 Apr 2013, 2.13 pm  |  Source: PTI

Tightening its norms for the private sector New Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has disallowed fre...

Oil Ministry looks for new DGH  

19 Apr 2013, 2.13 pm  |  Source: PTI

Ten months after a bureaucrat was appointed as DGH, the Oil Ministry has begun looking for a technocrat to the head the upstream oil regulatory body....

India is not imposing restrictions on investments: FM  

19 Apr 2013, 10.55 am  |  Source: PTI

Finance minister P Chidambaram on Friday rejected suggestions that India is imposing restrictions on investments and said the country's economy is ope...

Govt unveils SEZ revival package; ignores MAT waiver demand  

18 Apr 2013, 10.51 pm  |  Source: PTI

The government today unveiled a package of reforms including easing of land norms to revive investments in SEZs, but refrained from accepting a major ...

Indian economy to grow at 6.4% rate in 2013: United Nations  

18 Apr 2013, 10.27 pm  |  Source: PTI

Indian economy is likely togrow at 6.4 per cent rate in 2013, outpacing the 6 per centexpansion in developing Asia-Pacific economies in the sameperiod...

Indian gems and jewellery market worth USD 30.1 bn: Report  

18 Apr 2013, 9.11 pm  |  Source: PTI

The domestic gems and jewellery market is estimated at USD 30.1 billion, according to a report by coloured gemstone producer Gemfields. Coloured gemst...

Govt hikes DA to 80%; to help 80 lakh employees, pensioners  

18 Apr 2013, 8.40 pm  |  Source: PTI

Union Cabinet today approved the proposal to increase dearness allowance (DA) to 80 per cent, from existing 72 per cent, benefiting about 50 lakh empl...

Mecklai graph: Trade deficit narrows to USD 10.32 bn  

18 Apr 2013, 6.44 pm  |  Source: Moneycontrol.com

Mecklai graph of the day: The deficit narrowed surprisingly to USD 10.32 bn with a rise of 7 percent yoy to USD 30.8 bn in exports compared to USD 28....

Exports to improve; see opportunities in textile: FIEO   

18 Apr 2013, 5.25 pm  |  Source: CNBC-TV18

Ajay Sahai, director general & CEO, FIEO, says that 2013 could be a better year for Indian exports compared to 2012. The total export from the textile...

Zero duty on EPCG to push investment in mkt: Arun Goyal   

18 Apr 2013, 4.34 pm  |  Source: CNBC-TV18

Arun Goyal, Columnist & Expert on Trade Policy believes that India is the 19th largest exporter in the world and largest grower in imports and so what...

Anxiety among investors on reforms in India: World Bank  

18 Apr 2013, 1.54 pm  |  Source: PTI

There is anxiety among investors not only on the pace and nature of economic reforms but also political stability in India, a top World Bank official ...

Will achieve our ambitious economic agenda by elections: FM  

18 Apr 2013, 1.47 pm  |  Source: PTI

Finance Minister P Chidambaram has assured global investors that their concerns over India's economy will be put to rest and the government will achie...

FY13 exports down to $300bn, trade deficit widens to $191bn   

18 Apr 2013, 11.45 am  |  Source: Moneycontrol.com

Commerce minister Anand Sharma said trade deficit had widened to USD 190.91 billion in the fiscal year 2013 versus 183.4 billion in the previous year....

Quantitative capital controls helpful in near term: RBI Guv  

18 Apr 2013, 10.34 am  |  Source: Reuters

Quantitative capital controls have been more effective for India in the short term but such limits can also be distorting, inefficient and inequitable...

India should achieve its ambitious growth targets: Citi  

17 Apr 2013, 10.01 pm  |  Source: PTI

India should be able to achieve an ambitious growth rate of over 7 percent in 2014-15 and headwinds like elevated inflation and oil and gold prices ar...

CoalMin seeks status of PPA from 8 firms by next week  

17 Apr 2013, 9.30 pm  |  Source: PTI

The coal ministry has asked eight firms, including NMDC and Neyveli Lignite, which have applied for 17 coal blocks, to submit the status of their powe...

Only 12% change of rains failing this year: Skymet   

17 Apr 2013, 8.48 pm  |  Source: CNBC-TV18

Skymet Weather Services, a private weather company has come out with its forecast for the June-September monsoon. According to the forecast, there is ...

Not overly worried about bad monsoon: Agri Secretary  

17 Apr 2013, 7.30 pm  |  Source: PTI

Amid states like Maharasthra and Gujarat facing drought, the Agriculture Ministry today said it was not "overly worried" about a bad monsoon affecting...