March 07, 2014 21:05 (IST)
The survey of households from which the jobless rate is derived showed a rise in the number of people without jobs, which accounted for the rise last month. The labor force participation rate was steady at 63 percent.
March 07, 2014 12:12 (IST)
Finance Minister P. Chidambaram and Reserve Bank of India chief Raghuram Rajan are addressing a press conference.
March 06, 2014 22:00 (IST)
According to a Revenue Department circular, the baggage receipt issued by Customs will now include the engraved serial number on gold bars and item-wise list of ornaments.
March 06, 2014 20:22 (IST)
While growth is likely to quicken this year, the threshold for changing course on stimulus withdrawal is "pretty high," said New York Fed President William Dudley during an event hosted by The Wall Street Journal.
March 06, 2014 19:11 (IST)
Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 323,000, the Labor Department said on Thursday. That was the lowest level since the end of November and the drop more than unwound the prior week's rise.
March 06, 2014 18:43 (IST)
While the Q1 CAD, the difference between outflow and inflow of foreign exchange, stood at a high of 4.9 per cent, it improved to 1.2 per cent in Q2 and to 0.9 per cent, or $4.1 billion, in Q3 of the current fiscal from 6.5 per cent a year ago. In FY13, the gap was at a record high of 4.8 per cent, or $88 billion.
March 06, 2014 17:49 (IST)
The manufacturing and services sectors in India expanded at a faster rate than China in February even as emerging market economies grew at the slowest pace since September 2013, an HSBC survey said today.
March 06, 2014 16:57 (IST)
It further said that state governments' debt in 2013-14 is estimated to increase marginally to 21.7 per cent of GDP from budget estimate of 21.5 per cent.
Dubai | March 05, 2014 23:02 (IST)
Qatar's vast natural gas wealth means the tiny country, with a population of about 2.1 million, could probably continue operating indefinitely despite the displeasure of Saudi Arabia, the United Arab Emirates and Bahrain.
Brussels | March 05, 2014 22:57 (IST)
European Commission President Jose Manuel Barroso said the assistance, to be discussed by European Union leaders at a summit in Brussels on Thursday, would require widespread reforms by the new Ukrainian government and the signing of a deal between Ukraine and the International Monetary Fund.
New York | March 05, 2014 22:43 (IST)
The news of global services expansion came in contrast to recent reads on manufacturing growth, which indicated a rebound in the U.S. while markets in Europe and Asia eased.
March 05, 2014 20:01 (IST)
The CAD, which reflects difference between inflow and outflow of foreign currency, stood at $31.9 billion, or 6.5 per cent of GDP, in October-December quarter of 2012-13.
March 05, 2014 18:41 (IST)
Mr Rajan dubbed the 'Rockstar Economist' is an apparent sports fan and is known to draw cricket analogies while explaining economic scenarios.
March 05, 2014 18:24 (IST)
The current account deficit for October-December 2013 narrowed to $4.2 billion, or 0.9 percent of gross domestic product, from $31.9 billion year ago, when it was at 6.5 percent, the Reserve Bank of India said on Wednesday.
March 05, 2014 18:00 (IST)
Thailand and Malaysia have emerged as the easiest for foreign investors.
March 05, 2014 16:45 (IST)
Poor rainfalls could push up the already high food inflation further and drag down GDP, the report warned. A normal monsoon, leading to 3 per cent growth in agriculture, was a key assumption behind Crisil's 6 per cent GDP growth outlook for FY15.
March 05, 2014 14:36 (IST)
Rising bad loans especially among state-run banks have become a key concern for lenders in India where recently a state-run lender, United Bank of India, saw a huge surge in its non-performing loans, triggering worries over its capital needs.
New Delhi | March 05, 2014 13:21 (IST)
India's exports will not be able to achieve the target of $325 billion in the current fiscal and will fall short by about $10 billion, FIEO today said.
Bangalore | March 05, 2014 10:46 (IST)
India's services sector accounts for about 60 per cent of gross domestic product. The weak PMI follows lower-than-expected GDP growth of 4.7 per cent at the end of 2013, suggesting there may be worse to come for the economy as India heads into an election due by May.
March 04, 2014 20:01 (IST)
The Department of Industrial Policy and Promotion (DIPP) has proposed to allow 100 per cent Foreign Direct Investment (FDI) in high speed train systems, suburban corridors, high speed tracks and freight lines connecting ports and mines.