Economy and Policy

  • Pump Jacks are seen at sunrise near Bakersfield

    Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. U.S. crude was down 30 cents at $59.42 …

  • A dealer displays gold pendants at a jewellery shop near the Grand Mosque during the annual Haj pilgrimage in Mecca

    Gold prices were marginally lower on Monday, as the dollar gained traction against major currency rivals, on signs the Federal Reserve is preparing to tighten monetary policy for the first time in six years in 2015. Fed Chair Janet Yellen indicated on Friday that the U.S. central bank was poised to raise rates this year, …

  • Thiruvananthapuram, May 25 (ANI): UST Global, a leading digital technology services company, on Monday stated that its mobile app 'iSafe' has won the award for 'Best Use of Mobile Technology' at the Elets ...

  • New Delhi, May 25 (IANS) Women have broken through the glass ceiling not just in India's financial services space, holding top positions in top banks, but have also made a significant mark in a host of other industries, says Naina Lal Kidwai, executive director of HSBC Asia Pacific. The editor of "30 Women in Power: Their …

  • Bhubaneswar, May 25 (IANS) Seeking to counter charges by union Commerce Minister Nirmala Sitharaman that the Odisha government was responsible for the uncertainty about the $12 billion Posco steel plant, state Steel and Mines Minister Prafulla Mallick on Monday said the government was committed to the project. He said …

  • New Delhi, May 25 (IANS) Finance Minister Arun Jaitley on Monday said direct tax collections for the current financial year were likely to increase by 14-15 percent, enabling the government to improve upon its fiscal deficit target of 3.9 percent. The fiscal deficit targets have been set at 3.9 percent for 2015-16, 3.5 …

  • Development, industrialization and jobs are intrinsically linked to entrepreneurship. The greater the number of entrepreneurs in a society the greater are the chances of prosperity for the people residing in it. Entrepreneurship is critical as it also leads to innovation, betterment in the quality of life and greater …

  • Chennai, May 25 (IANS) Tyre maker TVS Srichakra Ltd will be expanding its capacity by 300,000 tyres per month to 2.3 million tyres per month at an outlay of Rs.150 crore this year, said a senior official. He said the company is also developing tyres for two-wheelers to be rolled out jointly by TVS Motors Ltd and BMW.  …

  • Kolkata, May 25 (IANS) Eastern Railway is rolling out a fortnight-long consumer connect programme from Tuesday when its senior officials will interact directly with the passengers to understand their problems as well as create awareness about services, a senior official said. "During this period, a number of passenger-amenity …

  • Kolkata, May 25 (IANS) Eastern Railways has set a target of ferrying 72 million tonnes of freight this fiscal after surpassing its target of 65 million tonne in the last fiscal (2014-15), a senior official said here on Monday. "We had overachieved our last years' loading (of freight) target and the major commodity was …

  • As the Prime Minister Narendra Modi government enters its second year in office on Tuesday, there is no dearth of bouquets and brickbats for the "NaMo" regime in the media. On analysing the government's electoral assurances, the actions taken so far and the respective timelines being followed to achieve these, one would …

  • Brokers trade on their computer terminals at a stock brokerage firm in Mumbai

    The BSE Sensex and Nifty fell more than 1 percent on Monday, tracking weaker regional markets as fears about an earlier-than-expected U.S. rate hike weighed on sentiment, while cigarette-maker ITC Ltd ...

  • New Delhi, May 25 (IANS) The Congress on Monday refuted contentions of the ruling NDA that the opposition was trying to "obstruct" key bills in parliament. "I reject the argument that we are obstructing," senior Congress leader and former finance minister P. Chidambaram said at a press conference here. Did we obstruct …

  • New Delhi, May 25 (IANS) Finance Minister Arun Jaitley on Monday asked the Income Tax department to squeeze the parallel economy, also called black economy, in a fair manner without being harsh. "The parallel economy has to be squeezed and this has to be done in a very fair manner, not in a harsh manner. In doing so, …

  • A general view of the Frankfurt stock exchange

    European shares fell in thin trade on Monday while the dollar held firm after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year. U.S. shares fell on Friday after Yellen suggested the Fed was ready to act if the economy kept improving as expected, though …

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