The current account deficit and managing the currency and credit markets will remain key concerns in the second half of FY19.
NDRF and SDRF -- are not sufficient in case of disasters and a new mechanism to raise funds is required. "We had a preliminary discussion and the members felt SDRF and NDRF are not sufficient to compensate the states in case of natural calamities and disasters," GoM Convener and Bihar Finance
Mumbai, Oct 12 (IANS) Budget airlines SpiceJet on Friday said it has inducted its first Boeing 737 MAX 8 aircraft that forms part of a $22 billion purchase deal signed with the American aircraft manufacturer. "SpiceJet had signed a $22 billion deal with Boeing for up to 205 aircraft in 2017 and
NEW DELHI/MUMBAI (Reuters) - India said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee. The tariff hike, the second such move by India in a two week span, was announced late on Thursday by
The stock price of largest OMC, Indian Oil tanked from Rs 155.80 to Rs 122.7, since Jaitley's announcement.
Earnings of state-run OMCs will be “negatively affected” as they absorb Re 1 per litre cut in their pricing, says Moody’s.
The Tokyo Olympics are following a long known trend by going way above their estimated budget, with costs currently projected at $25 billion and expected to rise steadily after 2018.
The amount is also more than half the total health budget of the country and about 55% of the funds the Centre allocated to the rural jobs programme, MNREGA, in 2018-19.
Global equity markets fell on Monday amid unease over the impact of the U.S.-China trade war on China's growth, while the dollar gained against the euro as Italian bond yields spiked on a brewing spat over Italy's budget plans. European markets slid, with defensive stocks under pressure as
The Bharatiya Janata Party (BJP) chief Manoj Tiwari claimed that the Delhi government received Rs 36,776 crore from the Centre as budget in 2014, and in 2018, it got Rs 48,000 crore.
Panaji (Goa) [India], Oct 6 (ANI): Goa Deputy speaker Michael V. Lobo hit out at his own government in the state for not doing enough to provide government jobs to the youth and asserted that people are very disturbed due to growing unemployment in the state. Lobo in a letter to Goa Chief Minister Manohar
Out of six members of the Monetary Policy Committee (MPC), five members, including RBI Governor Urjit Patel voted in favour of status quo in repo rate.
Post the petrol, diesel, excise cut, how the Centre manages to stick to the fiscal deficit target of 3.3 percent is going to be interesting to watch
New Delhi, Oct 4 (IANS) Salaries in India are projected to rise the highest in the Asia Pacific region at 10 per cent in 2019, same as it did in the last four years, advisory and broking firm Willis Towers Watson said in a report on Thursday. "While salary increases in India are stabilising around
The inflation impact of the central government announced fuel price cuts could be between 10-15 basis points
India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a litre, Finance Minister Arun Jaitley said on Thursday, the government's latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency. The cut includes a reduction in excise duty of 1.50 rupees
Finance minister Arun Jaitley while announcing the rate cut had urged all state governments to match the deduction and eleven BJP-ruled states have immediately followed suit.
LONDON/SINGAPORE (Reuters) - The launch of a massive liquefied natural gas (LNG) export project in Canada could fire the starting gun on a wave of other approvals around the world, potentially curbing a supply crunch expected after 2020. Royal Dutch Shell on Tuesday said it would export LNG from the
Pakistan has announced that it is shaving off $2 billion dollars from the Chinese Silk Road Project, owing to its burgeoning debt burden.
Bengaluru, Oct 1 (IANS) In a bid to break the notion that it is just a smartphone brand, Chinese electronics major Xiaomi has amplified its products portfolio in categories like fitness and health, smart home, smart travel and more -- using Artificial Intelligence (AI) and Internet of Things (IoT) technologies
New Delhi [India], Sep 28 (ANI): The central government on Friday announced a reduction by Rs 70, 000 crore in the gross borrowing program, which would be compensated by reducing buy-back and additional flows from small savings. Addressing a presser here, Department of Economic Affairs (DEA) Secretary