Economy

RBI Vs Govt: Jawaharlal Nehru said RBI autonomy subject to government direction, it’s still true, says a top government functionary

Benegal Rama Rau quit in 1957 after Nehru supported his finance minister T T Krishnamachari in his clash with the then RBI governor over a proposal, the functionary said.

RBI imposes Rs 1 crore fine on Fino Payments Bank for opening new account despite directions

The Reserve Bank Monday imposed a fine of Rs 1 crore on Fino Payments Bank for opening new accounts despite directions not to do so until further order.

It’s official! US grants India waiver on Iran sanctions; here’s how Modi govt convinced Trump administration

The United States on Monday officially announced that it is granting a temporary waiver to India and seven other nations on Iran sanctions.

India’s 53 rank jump on Ease of Doing Business; here’s what we are still missing

Last year, the government eased FDI rules across various sectors for ease of investments, along with implementing GST and the Insolvency and Bankruptcy Code (IBC).

Demonetisation should not be forgiven; developed nations would have booted out govt: Udayan Mukherjee

With all these macroeconomic problems popping up just a few months before elections, triggered by higher crude oil prices, Udayan Mukherjee says that the government will now try to divert the public's

Excessive competition can at times put particular sector under stress, says Arun Jaitley

Excessive competition at times can result in stress in a particular sector, Finance Minister Arun Jaitley said pointing out that these are challenges of the growing economy. He also said that with the

Alibaba’s Jack Ma calls US-China trade war “most stupid thing in this world”

The U.S.-China trade war is the "most stupid thing in this world," Jack Ma, the chief of Asia's most valuable public company, Alibaba Group Holding Ltd , said on Monday.

RBI vs Govt: Why central bank transfers surplus profit and here’s how it works

The reasons for conflict between the RBI and the government are many, including surplus profits transfer. What is surplus profits transfer? How does it work? Why has it put the RBI in a protectionist

China’s imports of goods, services to exceed USD 40 trillion in 15 years, says President Xi Jinping

China's imported goods and services are set to exceed USD 40 trillion in the next 15 years, President Xi Jinping pledged Monday as he kicked off a major import fair in which India and 80 other countri

China’s import expo opens, President Xi Jinping urges building open world economy

Chinese President Xi Jinping announced the opening of the world's first import-themed national-level expo here on Monday, calling it a "trail-blazing" move in the history of international trade develo

UAE amps up oil and gas output as Iran sanctions hit

UAE oil company ADNOC has announced the discovery of new oil and gas resources, with an eye on full self-sufficiency as US sanctions on Iran go into effect.

Iran will ‘proudly bypass’ US sanctions, says Hassan Rouhani

Iran's President Hassan Rouhani said the Islamic republic "will proudly bypass sanctions" by the United States that took effect on Monday targeting the country's oil and financial sectors.

India, Sharjah to bolster economic ties

Over 100 Indian investors participated in a business conference in the UAE to strengthen Sharjah's trade relations with India and to promote the Gulf emirate as a leading business and investment hub i

Services October PMI at 3-month high; 3 key things to know

October Services PMI: The country’s services sector expanded at the quickest pace in the month of October, registering a 3-month high number on rise in orders leading to strong workforce expansion,

US sanctions on Iran oil sales snap back as Donald Trump keeps his promise

U.S. sanctions lifted as part of the 2015 nuclear accord with Iran snapped back at midnight New York time as President Donald Trump fulfills his vow to ramp up pressure on the Islamic Republic over it

How dominant companies can be a drag on the US economic growth

Diapers.com, the online delivery service, made one critical error. It rocketed to success in a field dominated by Amazon.com Inc. Sales by the parent company, created in 2005 by Marc Lore and Vinit Bh

GST October collection: Here are the possible reasons behind Rs 1 lakh crore bounty

For the month of October, the GST revenue collections were reported at Rs 1,00,710 crore and Rs 6,78,680 crore in the first seven months of 2018-19.

US sanctions on Iran, ‘toughest ever,’ take force

The United States is reimposing punitive measures targeting the Iranian oil and financial sectors in what US Secretary of State Mike Pompeo called "the toughest sanctions ever placed" against Iran.

No anti-dumping duty on PTFE resin from India, China: US International Trade Commission

The US International Trade Commission has ruled against putting anti-dumping duty on the imports of a synthetic fluoropolymer, a key ingredient in non-stick coating for pans and other cookware, from I

US sanctions will not hurt Iranian people, says Mike Pompeo

US Secretary of State Mike Pompeo has defended the re-imposition of sanctions on Iran, saying the new tough controls on oil, shipping and banking that start on Sunday at midnight will force Tehran to

High gold prices likely to weigh on Dhanteras sales

Established brands see rise in sales but unorganised players, still holding a dominant market share, expect subdued sales.

HCL Foundation organises Bal Ganga Mela

HCL Foundation joined hands with the National Mission for Clean Ganga (NMCG) and German development agency GIZ to organise a 'Bal Ganga Mela’ at its campus in Noida on Sunday to raise awareness abou

MSME incentives will add strength to the sector, says PM Narendra Modi

Prime Minister Narendra Modi Sunday said the measures announced by him for micro, small and medium enterprises will add strength to the sector.

Making real stuff is an increasingly large part of US economy

The share of the U.S. economy from private goods-producing industries increased to the highest level in 11 quarters, according to data released Thursday from the Bureau of Economic Analysis.

World economy risks returning to sync, this time to the downside

The world’s major economies that entered 2018 accelerating in sync risk entering 2019 decelerating in sync.

India to participate in China’s first international import expo

India will participate in China's first international import expo in Shanghai.

Rupee may touch 76 levels against dollar in next 3 months: UBS

With global crude prices remaining elevated, the rupee is likely to be under pressure, and may touch the 76 levels against the US currency over the next three months, says a report.

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