Economy and Policy

  • Weakening demand at home and abroad weighed on Japanese manufacturers' confidence in the first quarter and big companies cut spending plans, clouding the outlook for Prime Minister Shinzo Abe's drive to reflate the economy. Both manufacturers and non-manufacturers expect conditions to worsen slightly in the coming three …

  • The Reserve Bank of India announced late on Tuesday amendments to regulations on capital adequacy and liquidity for lenders operating in the country, in order to more closely align them with the standards ...

  • Employee welds the exterior of a vehicle along a production line at a factory in Qingdao

    Surveys of China's manufacturing and services sectors showed persistent weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. The official Purchasing Managers' Index (PMI), released by the National Bureau of Statistics …

  • Arundhati Bhattacharya, Chairman of the State Bank of India, poses with the company's logo at the bank's headquarters in Mumbai

    State Bank of India (SBI.NS), the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector. India's state banks are under pressure to improve profitability and slash bad loans, creating a more agile sector …

  • Labourers work along the construction site of a road at Ghilot in the desert Indian state of Rajasthan

    The Union Cabinet cleared a new ordinance on land purchases on Tuesday, government officials said, extending measures to make transactions easier that Prime Minister Narendra Modi has been unable to get onto the statute book. The decree, which needs the president's signature to take effect, represents a temporary workaround …

  • A farmer casts urea on her mustard field in the northern Indian city of Allahabad

    The Union Cabinet approved a move on Tuesday to supply gas for urea production at a uniform price to fertiliser plants through a pooling mechanism, lowering costs and boosting production of India's most widely consumed fertiliser. The move is expected to save 15.5 billion rupees ($250 million) by reducing India's reliance …

  • New Delhi, March 31 (IANS) Mobile operators and telecom equipment makers on Tuesday contested the Department of Telecom's (DoT) calculation on the impact of the recent spectrum (airwaves) auction on tariff. "We will be happy to understand the government's calculation on the impact of the spectrum auction and the increased …

  • New Delhi, March 31 (IANS) The union cabinet on Tuesday aligned the definition of the term "private sector company" to that in the guidelines for the Viability Gap Funding Scheme (VGF Scheme) for PPP projects. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved the change in definition …

  • New Delhi, March 31 (IANS) India's core industries output growth slowed to a four-month low of 1.4 percent in February, on the back of a contraction in the production of steel, fertilisers and refinery ...

  • New Delhi, March 31 (IANS) The Cabinet Committee on Economic Affairs on Tuesday approved the supply of gas at uniform delivered price through a pooling mechanism for 30 urea manufacturing units in the country. Calling it "a historic moment for farmers", Communications Minister Ravi Shankar Prasad announced the decision …

  • Mumbai, March 31 (IANS) Mukesh Ambani-led Reliance Industries Ltd on Tuesday said it has been awarded two offshore blocks for exploration of oil and gas in Myanmar. Myanmar had invited bids from international companies for discovery of oil and gas, in response to which it had received bids from 36 multinational companies. …

  • New Delhi, March 31 (IANS) India's external debt at the end of December 2014 stood at $461.9 billion -- a 3.5 percent or $15.5 billion rise from what it was in end of March 2014, government data showed ...

  • The Reserve Bank of India relaxed rules for foreign investors in exchange-traded currency derivatives by increasing the trading limits allowed without an underlying exposure for the USD/INR pair to $15 ...

  • Kolkata, March 31 (IANS) Over 10,000 jewellers in West Bengal downed their shutters on Tuesday in protest against the union budget making PAN number declaration mandatory for gold purchases of Rs.1 lakh and above. With more than 10,000 jewellery shops remaining closed, it is estimated that the state government today lost …

  • Cotton exports from India, the world's biggest producer and seller, are expected to fall 41 percent to a five-year low of 7 million bales this crop year ending September as top buyer China curbs purchases, a government official said. Bulging world stockpiles and waning demand from China - intent on supporting its own growers …

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