Economy and Policy

  • The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. "It's appropriate ... for the Fed to gradually and cautiously increase …

  • Those with illegal money to be prosecuted: FM Arun Jaitley on Panama Papers

    Warning of strict action against people stashing black money, Finance Minister Arun Jaitley today said prosecution would be initiated against those found to have parked funds illegally in accounts named in 'Panama Papers'. "If illegal money is found in accounts of those who are named in Panama case, then they will also …

  • Mumbai, May 28 (IANS) Positive global cues, combined with a fresh influx of foreign funds and healthy fourth quarter results, catapulted the Indian equity markets to their highest weekly close in the last three months. Further, expectations of above-average monsoon rains, a rise in global crude oil and high-grade copper …

  • Affordable housing: Some relief coming in but broader pain continues

    The real estate developers and analysts were one of the most desperate and enthusiastic lot two years back when the Modi government came to power. Despite the announcements relating to housing for all by 2022 and other measures to push affordable housing by the government, the sector is far from recovery, except for some …

  • Now in Meghalaya, Congress braces for Uttarakhand, … The Financial Express - 10 hours ago
    Now in Meghalaya, Congress braces for Uttarakhand, Arunachal replay

    In a virtual replay of the revolts that ended Congress’s rule in Arunachal Pradesh and nearly uprooted its regime in Uttarakhand, the party’s government in Meghalaya is facing a crisis with a section of ministers and MLAs pushing for the removal of Chief Minister. Like in Arunachal and Uttarakhand, with the BJP waiting …

  • Jharkhand: IIT, BIT engineers among new secretaria … The Financial Express - 10 hours ago
    Jharkhand: IIT, BIT engineers among new secretarial assistants

    Nearly half of the 92 people who received appointment letters for the post of secretarial assistants from Jharkhand Chief Minister Raghubar Das on Wednesday hold engineering degrees, according to sources. While one of them has an MTech degree from IIT-Kharagpur, others are graduates of institutes such as BIT (Mesra) and …

  • Targeting RBI governor Raghuram Rajan too easy, successful inflation targeting calls for more reform

    Subramanian Swamy’s comments, though aimed at RBI governor Raghuram Rajan personally, have significance for the inflation targeting framework of the RBI. Inflation targeting has now become law. Soon, the government will notify the level of inflation it wants the RBI to target in the next five years.

  • Indian Express Edit: Against the grain The Financial Express - 11 hours ago
    Indian Express Edit: Against the grain

    The Union agriculture ministry has pegged this year’s wheat crop at 94 mt-plus, a jump of 7.5 mt over 2014-15. This, when both market arrivals and government procurement have fallen by about 5.1 mt, even as wholesale wheat prices are ruling roughly 15 per cent higher than last year.

  • Tips to invest in the stock market The Financial Express - 11 hours ago

    With the upsurge in the stock market in recent times and promising growth prospects of the Indian economy, new as well as seasoned investors are finding equities as one of the better options to invest their money. To trade in the stock market you will need to open a trading and a demat account with a stock broker. A trading …

  • New policy proposal: Can fail kids after Class V, let foreign universities in

    A five-member committee headed by former cabinet secretary T S R Subramanian has recommended that the government reinstate detention of students beyond Class V and also set up an all-India cadre of educational services on the lines of the Indian Administrative Service (IAS) in its report on the new education policy submitted …

  • Chennai, May 28 (IANS) India's foreign exchange reserves went down to $360.90 billion as on May 20, the Reserve Bank of India (RBI) said. According to the foreign exchange data released by RBI, the foreign ...

  • Data on inflation and employment, two of the economic indicators most important to a "data-dependent" U.S. Federal Reserve are expected next week. While Fed policymakers will be looking at those numbers as they decide whether to raise key interest rates as soon as June, traders will read through them to try and get ahead …

  • Sugarcane farmer dues Rs 700-800 cr, says Narendra … The Financial Express - 13 hours ago
    Sugarcane farmer dues Rs 700-800 cr, says Narendra Modi but data says Rs 5,795 cr

    At a show of strength in Saharanpur on Thursday to mark two years of his government — and also to virtually launch the BJP’s campaign for next year’s Uttar Pradesh Assembly elections — Prime Minister Narendra Modi said that the dues to sugarcane growers had reduced, under his government’s watch, from Rs 14,000 crore to …

  • At a time when the Centre is looking to attract Foreign Direct Investment (FDI), the US Republican party’s rising star and Governor of South Carolina, Nikki Haley, said on Friday that a “powerful” official system and a need for foreign companies to “know someone” in the government was making US companies “nervous” about …

  • Markets weekly roundup: Sensex registers biggest gain in nearly 3 months, surges 1,351 points

    The sentiments also got a boost  after Morgan Stanley upgraded India equities to ‘overweight’ from ‘equalweight’. In the Nifty 50-index, share price of State Bank of India soared the most — 17.30 per cent, followed by Larsen & Toubro (up 17.24 per cent), Tech Mahindra (up 12.33 per cent), Ambuja Cements (up 10.61 per cent) …

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