July 29, 2014 19:53 (IST)
After registering a huge decline in the recent past, foreign direct investment (FDI) in the telecom sector grew manifold to $1.5 billion in the first two-months of fiscal year 2014-15.
July 29, 2014 18:27 (IST)
Engineering exports grew at an impressive rate of 24.15 per cent to $16.94 billion during the April-June quarter this fiscal year helped by robust expansion in shipments of aircraft and spacecraft parts and automobiles.
July 29, 2014 14:06 (IST)
Prime Minister Narendra Modi on Tuesday said the government's policy should be focused on increasing farmers' income and asked scientists to take scientific technology to the field for raising crop productivity.
July 29, 2014 12:18 (IST)
Pacific Ocean temperatures have eased in recent weeks and an El Nino weather event later this year is now indicated by only a slight majority of climate models, the Australian Bureau of Meteorology said on Tuesday.
July 28, 2014 23:39 (IST)
An expert panel constituted by the government on Monday submitted the draft of the new National Textiles Policy, which aims to achieve $300 billion exports by 2024-25 and create additional 35 million jobs by attracting investments.
July 28, 2014 23:09 (IST)
Deficit in monsoon rains has come down and good rainfall is expected in the coming days that will help complete sowing operations, Agriculture Minister Radha Mohan Singh said on Monday.
July 28, 2014 23:06 (IST)
With the manufacturing sector showing signs of a nascent recovery, the National Council of Applied Economic Research (NCAER) has said it expects India's GDP to expand at 5.2-5.7 per cent this fiscal year.
July 28, 2014 22:28 (IST)
US economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014.
July 28, 2014 19:48 (IST)
India's agriculture growth is likely to remain muted at 1 per cent in fiscal year 2014-15 largely due to a strong statistical base effect, rating agency Crisil said on Monday.
July 28, 2014 18:57 (IST)
Union Shipping Minister Nitin Gadkari on Monday said India's 12 major ports will double their cargo handling capacity to 1,600 million tonnes per annum (MTPA) in the next five years.
July 28, 2014 17:20 (IST)
With state-specific levies adding up to Rs 7 a litre in price of diesel, the Centre has called a meeting with 12 states with the highest incidence of taxes like octroi and entry tax, to impress upon them to cut these duties and bring down prices.
New Delhi | July 27, 2014 17:19 (IST)
Mr Jaitley, who presented his maiden budget, is likely to inform the RBI board about the steps taken to contain the fiscal deficit and may underline the need to reduce interest rates to promote growth.
New Delhi | July 27, 2014 15:37 (IST)
The official said the finance ministry will impress upon rating agencies the resolve of the government to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
Mumbai | July 27, 2014 11:57 (IST)
India's sovereign is currently rated BBB- by all rating agencies; only S&P has India on a negative outlook.
July 26, 2014 18:39 (IST)
The issue of coal shortage was also deliberated upon in the meeting, sources said, adding matters related to transmission and distribution of electricity along with fuel scarcity being faced by the power sector was also discussed.
Washington | July 26, 2014 14:13 (IST)
The delegation of Indian CEOs from Confederation of Indian Industry in an interaction with the Washington audience at Carnegie Endowment for International Peace yesterday highlighted the growing sense of optimism amongst both the public and industry in India following the recent election results which brought BJP to power with a landslide majority.
Mumbai | July 26, 2014 11:29 (IST)
Following the May 22 announcement by the Fed, there was a heavy depreciation in the rupee due to India's external sector vulnerabilities. From a level of 55 against the dollar, it touched an all-time high of 68.54 in August.
July 25, 2014 23:29 (IST)
The government will shortly take a call on the controversial tax proposal General Anti-Avoidance Agreement, which was deferred till April 2015 by the UPA regime, Finance Ministry Arun Jaitley said on Friday.
July 25, 2014 20:06 (IST)
Committing to bring back black money stashed abroad, Finance Minister Arun Jaitley on Friday said the government is taking action on information received from France as well as tax haven Lichtenstein and sharing it with the Supreme Court.
Written By: Ramarko Sengupta | July 25, 2014 19:17 (IST)
The Kotak report counts 1,17,000 Indians as super rich and defines the term to mean any household worth over $250 million or Rs 1,500 ($1=60).