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  • China to Shut Factories During APEC to Curb Beijing Pollution

    China to Shut Factories During APEC to Curb Beijing Pollution

    Chinese Vice Premier Zhang Gaoli ordered a temporary shutdown of factories to ensure air quality during a meeting of Asia-Pacific leaders in Beijing next month, the official Xinhua news agency reported late on Friday.

  • Finance Minister Arun Jaitley Favours Interest Rate Cut: Report

    Finance Minister Arun Jaitley Favours Interest Rate Cut: Report

    Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation.

  • Commerce Ministry Sets Up Panel to Draft National IPR Policy

    Commerce Ministry Sets Up Panel to Draft National IPR Policy

    The Commerce and Industry Ministry on Friday constituted a six-member think tank to draft the National Intellectual Property Rights Policy.

  • Government Aims at 50th Position in Ease of Doing Business Ranking: Report

    Government Aims at 50th Position in Ease of Doing Business Ranking: Report

    The government is aiming to improve India's ranking in the ease of doing business index to 50th position in the next two years from 134th at present.

  • Government Clears 20 FDI Proposals Worth Rs 988 Crore

    Government Clears 20 FDI Proposals Worth Rs 988 Crore

    The Finance Ministry has cleared 20 foreign direct investment (FDI) proposals including 6 in the pharmaceuticals sector envisaging a total inflow of Rs 988.3 crore.

  • India's Growth Pace to Pick Up as Reforms Draw Investment: Poll

    India's Growth Pace to Pick Up as Reforms Draw Investment: Poll

    India's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi implements reforms to attract investment, a Reuters poll of economists showed on Friday.

  • Asia Economic Growth to Languish as China Slows: Reuters Poll

    Asia Economic Growth to Languish as China Slows: Reuters Poll

    China's economy is expected to expand 7.4 per cent this year, narrowly missing the government's 7.5 per cent annual target, as Beijing tries to derive more future growth from consumer demand rather than exports. In 2015, economists predict growth to slow further to 7.1 per cent.

  • US Consumer Prices Rise 0.1 Per Cent in September

    US Consumer Prices Rise 0.1 Per Cent in September

    US consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny gain was the latest evidence that inflation remains benign.

  • Government Eyes Steps to Improve Business Climate

    Government Eyes Steps to Improve Business Climate

    The government is considering a series of steps, including drastically reducing the time for registration of business to one day, single registration of all labour laws and a cut in number of taxes to improve ease of doing business in India.

  • After DLF Ban, Will Other Tough Penalties Follow for Businesses?

    After DLF Ban, Will Other Tough Penalties Follow for Businesses?

    An unprecedented ban on DLF, India's largest property developer, from tapping capital markets has fuelled expectations of tougher penalties ahead.

  • One Week, Many Reforms: PM Modi Burnishes Economic Credentials

    One Week, Many Reforms: PM Modi Burnishes Economic Credentials

    Prime Minister Narendra Modi has unleashed a slew of reforms in the past week, scrapping fuel subsidies, simplifying labour rules and pledging to open coal mining to private players in a bid to kickstart the economy.

  • Falling Global Crude Prices Bolster India's Economic Outlook

    Falling Global Crude Prices Bolster India's Economic Outlook

    Cheaper oil allowed PM Modi to end government price caps on diesel without it hurting consumers. In fact, the decision on Saturday led to an immediate 5.7 per cent fall in pump prices for the fuel that drives rural tractors and urban SUVs.

  • President Promulgates Ordinance for E-Auction of Coal Blocks for Private Firms

    President Promulgates Ordinance for E-Auction of Coal Blocks for Private Firms

    The e-auction of coal blocks for private companies on Tuesday received the nod from President Pranab Mukherjee who promulgated an Ordinance cleared by the Union Cabinet in the backdrop of a Supreme Court order quashing 214 coal blocks to companies since 1993.

  • Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Fuel Subsidy to Reduce to Rs 75,000 Crore This Year: Oil Minister

    Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the best time to make the most of this opportunity.

  • Government Decision to Deregulate Diesel is 'Credit Positive': Moody's

    Government Decision to Deregulate Diesel is 'Credit Positive': Moody's

    Still, Moody's also noted the fiscal savings for the government's diesel measures "are likely to be limited" given total subsidies account for less than 1 per cent of the country's 2013/14 gross domestic product.

  • Modi Government to Allow Commercial Mining of Coal in Reform Push

    Modi Government to Allow Commercial Mining of Coal in Reform Push

    The Narendra Modi government has set in place building blocks for reforms in the coal sector with the cabinet recommending an Ordinance or executive order with a provision to allow commercial mining for domestic companies, though it has set no timeline for this. The move comes days after the government kicked off reforms in the energy sector by decontrolling diesel prices and hiking gas prices.

  • Private Fuel Retailers to Dip Toe, Not Dive Back, Into India

    Private Fuel Retailers to Dip Toe, Not Dive Back, Into India

    The scrapping of diesel price controls by the government opens the door for private sector refiners to return to a domestic retail market from which they have been excluded for years because they could not compete with state firms.

  • PM Modi Steps Up Economic Reforms, Eyes Privatisation

    PM Modi Steps Up Economic Reforms, Eyes Privatisation

    The government promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls.

  • Closer to Finding Solution on Goods and Services Tax: Commerce Minister

    Closer to Finding Solution on Goods and Services Tax: Commerce Minister

    The Centre is closer to finding a solution to approve a legislative scheme that will enable the introduction of Goods and Services Tax (GST), Union Minister of State for Commerce and Industry Nirmala Sitharaman said on Monday.

  • Government Pushes Ahead With Coal Reforms

    Government Pushes Ahead With Coal Reforms

    The government moved on Monday to open up its coal industry to commercial mining, signalling the most serious shift in 42 years toward allowing private players full participation in the sector.

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