Page 2503 - Economy & Policy News

Finance Ministry says it is confident that rupee will gain, oil will slip

Ministry officials said the stock market has been affected by external factors, and that the fundamentals of the Indian economy remain strong

Top US envoy to hold talks with India, European nations on Iran oil import

In addition to India, Special Representative for Iran Brian Hook will be travelling to Europe to further discuss US foreign policy toward Iran

Credit growth may slip to 10% on band-aids in future, warn analysts

India Ratings said the 15 top NBFCs have around Rs 5 trillion loan assets that are 'preferred for assignment or securitisation'

These are the best countries to live and work in and to boost your salary

In HSBC's annual Expat Explorer, Singapore topped the ranking as best place to live and work for a fourth straight year, beating New Zealand, Germany and Canada

India ranks 115 in World Bank's Human Capital Index; govt dismisses report

Says index doesn't capture government initiatives to improve lives

Govt raises import duties up to 20% on telecom equipment, components

The latest move brings the restrictive measures imposed by India to a total of six times in the current year

RBI firm on data localisation; 80% of firms to comply by Oct 15 deadline

Despite a suggestion from the finance ministry to allow data mirroring instead of exclusive storage, the RBI did not budge

Industrial commodities dip on broad-based sell-off in stocks, trade tension

Base metals and energy shed up to 3% on Thursday, declining for the second day in a row at the LME, Nymex and Shanghai Futures Exchange

'India will soon find out': Donald Trump on US sanctions over S-400 deal

India last week inked a deal to purchase the S-400 Triumf air defence system from Moscow

Govt extends Jayakumar's term as Bank of Baroda's MD & CEO by a year

The extension is being seen as an important move aimed at steering the proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank

Govt raps CIL execs over production as coal availability remains a worry

The normative coal stock at power units - which used to be for 20-25 days - is down by half to 10-12 days

Odisha shines as top manufacturing spot ahead of 'Make in Odisha 2.0'

In the 72nd Survey of Projects Investment in India conducted by a magazine, the state has topped in terms of fresh projects expenditure

Information Technology and youth are India's two major assets, says PM Modi

He said the '4th Industrial Revolution' will change the nature of jobs and provide more opportunities

India's manufacturing sector likely to witness robust growth in Q2: Survey

The estimates are part of Ficci's latest quarterly survey which assessed the sentiments of manufacturers for the second quarter for twelve major sectors

Govt looking to amend FEMA to cut costs associated with remittances

Move among a series of measures to control CAD

Gujarat govt's panel may bring Rs 1.29 bn relief to Tata, Adani and Essar

If the recommendations are implemented, the consumers will have to face the brunt of high power tariffs

Number of direct taxpayers may double to 76 mn in PM Modi's regime: FM

The number of direct taxpayers was 38 million when the Modi-led government took office in May 2014

Stubble Burning: Farmers blame high cost for limited use of key equipment

Haryana confident of handling the fires; to add over 1,230 new custom hiring centres soon

RBI sold net $2.3 bn in forex mkt; dollar purchases stood at $5.7 bn in Aug

On Thursday, the unit was last traded at 74.14 per dollar versus its previous close of 74.21

Will not ask OMCs to further subsidise petrol, diesel prices, says FinMin

'The Re 1 absorption by OMCs in their pricing was a one-time thing,'the official said