Economy

Ranking should have been significantly higher in World Bank index: FM Arun Jaitley

Not fully satisfied with 12 position jump in India’s ranking on ease of doing business index, Finance Minister Arun Jaitley today said the World Bank has not factored in all the steps taken by the government to improve business environment and ranking should have been “significantly higher”. In the same breath, he also stated that there was a need to ... Read More »

NITI Aayog seeks inputs on innovation panel report by November end

NITI Aayog has invited comments on recommendations of the expert committee on innovation and entrepreneurship under the Atal Innovation Mission by November 28. “NITI invites comments/suggestions on specific recommendations of the Expert Committee on Innovation and Entrepreneurship,” NITI Aayog said in its latest tweet on its website. The Atal Innovation Mission (AIM) has been set up under the aegis of ... Read More »

‘Foreign investors more keen on govt bonds than PSU stocks’

Facing challenges in meeting the disinvestment target, the Department of Disinvestment believes that foreign investors are showing preference for government bonds over the PSU stocks on offer. Government has mopped up Rs 12,700 crore in the first half of the current fiscal, highest recorded in the past seven years despite volatile market conditions. However, it has a long way to ... Read More »

Too early for India to replace China as global engine: BNP Paribas

India is quietly assuming the mantle of fastest-growing major emerging-market economy, but it is too small on economic parameters to replace China as a new global growth locomotive, a new report says. According to global financial services firm BNP Paribas, the hope that India can replace China as a key locomotive of global demand is “misplaced”. China posted a 6.9 ... Read More »

Biocon’s Kiran Mazumdar Shaw ‘disturbed’, Infosys founder N R Narayan Murthy says minorities afraid

Kiran Mazumdar Shaw, chairperson of Indian pharma major Biocon Limited, on Saturday joined Infosys founder N R Narayana Murthy in expressing concern over fringe elements not being reined in by ruling political forces. “I am very disturbed by fringe elements trying to disturb communal harmony. Communal harmony has to be preserved for economic progress to happen. When fringe elements disturb ... Read More »

Don’t depend on sops, work in market economy: FM Arun Jaitley to builders

Hopeful that the age of slowdown will end soon for the real estate business, finance minister Arun Jaitley on Saturday said the Indian real estate sector cannot survive on subsidies. Speaking at Credai Bankcon, a housing market conference, in Mumbai, Jaitley said, “The essence of your industry can’t be that I will only survive on subsidies. You will have to ... Read More »

Rental Housing: Too Rental Housing: Too little, too late

The need to create rental housing, not only as an interim arrangement for those saving up to own a home, but also for those who simply cannot afford to buy, has finally been recognised by the Union government. The acknowledgment comes in the form of the draft National Urban Rental Housing Policy, 2015, which will, for the first time, provide ... Read More »

Petrol price cut by 50p to Rs 60.70 effective midnight, diesel rates left unchanged

Petrol price was today cut by Rs 0.50 per litre but there will be no change in rates of diesel. Petrol will cost Rs 60.70 per litre in Delhi from midnight tonight as against Rs 61.20 currently, Indian Oil Corp, the nation’s largest fuel retailer, said. This is first change in petrol price since September 1 when it was cut ... Read More »

Arun Jaitley hopes for sustained low rates, inflation under control

Other Articles Villagers in Varanasi blame Coca-Cola for water scarcity Delhi’s redevelopment policy: The rush before the announcement Ahead of winter, hint of GST thaw Expecting inflation to remain under control, Finance Minister Arun Jaitley today said he is hopeful that the downward move in interest rates will stay. Speaking at a housing market event here, he said the Reserve ... Read More »

RBI Guv Raghuram Rajan: Excessive political correctness stifles economic growth

Amid a raging debate over intolerance, Reserve Bank of India Chief Raghuram Rajan today said excessive political correctness stifles progress and called for an improved environment for tolerance and mutual respect. Raghuram Rajan also said protection of right to question and challenge was essential for India to grow. Speaking at the convocation of IIT Delhi, the RBI Governor said actions ... Read More »