Economy and Policy

  • Prime Minister Narendra Modi will let an executive order making it easier for businesses to buy land lapse on Monday after failing to win support from opposition parties in a major blow to his economic reform agenda. Modi said on Sunday the government was ready to amend the proposed law and criticised the spreading of …

  • Manesar (Haryana), Aug 30 (IANS) With companies that fall under the ambit of the new guidelines of Corporate Social Responsibility (CSR) likely to report about their activities from next month, the trust deficit between them and NGOs is likely to reduce, a senior functionary in this field said. "Over the years, a fairly …

  • Mumbai, Aug 30 (IANS) Upcoming domestic macro data, rupee movement and heightened chances of a US rate hike will flare up volatility in the Indian equity markets during the coming week, experts say. The knock-out blow wiped out Rs.7 lakh crore ($100 billion) in terms of marketcap on the barometer 30-scrip sensitive index …

  • Soldier-turned-tycoon Nguyen Huu Duong is a fierce patriot still fighting to protect his country, four decades after battling American forces in the Vietnam War. The construction mogul has amassed a war chest of tens of millions of dollars to fight for greater independence for Vietnam's economy and counter an invasion …

  • U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The influential U.S. central banker was circumspect whether he would …

  • An investor chats in front of an electronic board showing stock information at a brokerage house in Beijing

    As China's stock markets have lurched wildly, seeding dramatic falls across the world, some have drawn parallels with the global financial crisis of 2008 or the Asian version a decade earlier. The abrupt end of Japan's boom in the 1990s, complete with stock crash and property bust, offers the most striking similarities, …

  • Re-commerce start-ups the new green warriors The Financial Express - 11 hours ago
    Re-commerce start-ups the new green warriors

    Several start-ups are experimenting with this new business model that offers consumers an online platform to sell their old or used gadgets like laptops, mobile phones and tablets. In essence, what is posing as a global menace is turning out to be a lucrative business opportunity for some entrepreneurial youngsters like …

  • Inside track The Financial Express - 11 hours ago

    Rahul Gandhi had for long ignored requests from Himanta Biswa Sarma, rebel Congress leader from Assam, to meet him, since he backed Assam chief minister Tarun Gogoi and opposed Sarma’s campaign to replace Gogoi. Sarma, the key organiser for the Congress during the state elections, could meet Sonia but not Rahul when in …

  • Across the aisle: At last, will we have an economi … The Financial Express - 11 hours ago
    Across the aisle: At last, will we have an economic agenda?

    For the first time in 15 months, the BJP/NDA government has been forced on the backfoot by external developments. The Hindu (dated 25-8-2015) reported that Mr Amit Shah, president of the BJP, had said that the Modi government had, in 15 months, raised the average growth of GDP from 4.5 per cent in the 10 years under UPA …

  • ‘It’s almost impossible to get land to build a metro under existing land law’: Mangu Singh

    SHALINI NAIR: Internationally metro stations are close to where people live or work, though this is not the case in India. There is not much public transport to cover that. If you see the geography of the major cities in the world, Delhi is slightly different in comparison to Paris or London or any other international …

  • ON THE SHELF The Financial Express - 11 hours ago

    Making The Elephant Dance

  • Trash evangelists The Financial Express - 11 hours ago

    With the generation of 1.7 million tonnes of e-waste in 2014—and without any robust mechanism to scientifically recycle or dispose of the discarded electronic and electrical equipment—India is literally sitting on a toxic ‘time-bomb’. The idea first struck Rohan Gupta in 2006, when he was having trouble disposing of his …

  • How we’re getting it wrong The Financial Express - 11 hours ago
    How we’re getting it wrong

    Mind you, some of these concerns may be too premature for a market as nascent as India but no better time to get things right than when the foundation is being laid. Overpriced: A recent visit to Le Bordelais wine bar in Shanghai further reinstated something I have always believed in: sensible pricing drives volumes and …

  • Infosys to invest Rs 1,918 crore to develop 3 new campuses in Bengaluru

    The Karnataka government on Saturday approved a proposal from IT major Infosys to set up three more campuses in Bengaluru at an investment of Rs 1,918 crore. The State High Level Clearance Committee (SHLCC), headed by the chief minister Siddaramaiah approved several other investment proposals for a combined investment …

  • Bengaluru, Aug 29 (IANS) Global software major Infosys Ltd will set up three more campuses here at an investment of Rs.1,918 crore ($290 million) and create an additional 27,000 jobs, a state government official said on Saturday. "The state high level clearance committee on industry has cleared the three IT projects of …

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