Economy

122 Results

  • China third quarter growth meets expectations at 6.8 pc

    China third quarter growth meets expectations at 6.8 pc

    China's economy grew 6.8 per cent between July and September, according to official data released on Thursday, slowing slightly from the prior quarter. The growth rate, which compares expansion with the same three months in the previous year, met forecasts,......

    October 19, 2017
  • RBI orders banks to immediately pay interest under GMS

    RBI orders banks to immediately pay interest under GMS

    The Reserve Bank of India (RBI) on Tuesday advised commercial banks to "immediately" pay interest due on the Gold Monetisation Scheme (GMS), 2015. "It has been decided that reimbursement of payments made by banks, relating to Medium and Long Term......

    October 17, 2017
  • No one can beat climate change like nature itself: Study

    No one can beat climate change like nature itself: Study

    Nature can provide cost-effective and permanent solutions to check climate change, so much so that it can reduce over a third (37%) of greenhouse gas emissions by 2030, a new study by scientists from global conservation organisation, The Nature Conservancy......

    October 17, 2017
  • Jobs, slowing investment, US Fed hike policy challenges: Jaitley

    Jobs, slowing investment, US Fed hike policy challenges: Jaitley

    Employment creation, the global slowdown in investments and the possible impact that the US Federal Reserves move normalise monetary conditions can have on emerging economies are three major policy challenges, Finance Minister Arun Jaitley has said. "The risks posed to......

    October 15, 2017
  • Indian economy on 'very solid track': IMF chief Lagarde

    Indian economy on 'very solid track': IMF chief Lagarde

    Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde on Sunday said the Indian economy is on a "very solid track" in the mid-term. "Turning to India...we have......

    October 15, 2017
  • Turturi tea garden in Bengal closed, 600 workers lose jobs

    Turturi tea garden in Bengal closed, 600 workers lose jobs

    As many as 600 tea workers have lost their jobs as Turturi tea garden in West Bengal's Alipurduar district has been closed, a union leader said. "Turturi tea garden remained shut as the management was not able to pay both......

    October 12, 2017
  • PM Modi's economic council asks govt to stick to fiscal consolidation

    PM Modi's economic council asks govt to stick to fiscal consolidation

    The newly-constituted Economic Advisory Council to the Prime Minister (EAC-PM) held its first meeting here on Wednesday, deciding to focus on 10 areas of interest in a bid to rev up the slowing Indian economy. This panel of economists and experts......

    October 11, 2017
  • Rupee jumps 10 paise to 65.18 against dollar

    Rupee jumps 10 paise to 65.18 against dollar

    The rupee climbed 10 paise to 65.18 against the dollar today after US president's tax cut plans failed to sustain interest in the US currency among traders. Banks and exporters turned their back on the greenback. The rupee looked good,......

    October 11, 2017
  • Rupee jumps 11 paise against dollar to 65.25

    Rupee jumps 11 paise against dollar to 65.25

    The rupee appreciated by 11 paise to 65.25 against the dollar today as rising risk appetite pushed back the US currency amid a higher opening in domestic equities. The risk-on approach pushed exporters and banks increasingly away from the dollar.......

    October 10, 2017
  • Strive for sufficiency, not abundance

    Strive for sufficiency, not abundance

    Many modern societies are experiencing a surfeit of material possessions. People have ever-increasing material possessions, ever more choices and amounts of food, ever more world travel, and instant world-wide communications. Indeed, they have everexpanding horizons on all sides. They are,......

    October 9, 2017
  • India has to grow faster, running against time: Jaitley

    India has to grow faster, running against time: Jaitley

    India needs to grow at a faster pace, Finance Minister Arun Jaitley has said, while asserting that there was public support for the government's reform initiatives despite the difficulties arising from implementing GST, for instance. "The obvious challenge to the......

    October 8, 2017
  • Discussion on economy good for democracy: Venkaiah Naidu

    Discussion on economy good for democracy: Venkaiah Naidu

    Vice President M. Venkaiah Naidu said on Friday that the ongoing discussion on management of economy was good for democracy and noted that there will be some initial hiccups in the process of any transformation. Naidu, who inaugurated the International......

    October 7, 2017
  • Rupee softens 13 paise against dollar to 65.27

    Rupee softens 13 paise against dollar to 65.27

    The rupee depreciated 13 paise to 65.27 against the dollar today as expectations rose that US President Donald Trump's tax cut plan will be signed into law. The US currency put on more lustre on increased demand from banks and......

    October 6, 2017