Economy

Arun Jaitley to inaugurate conference on ‘Networking the Networks’

Union Finance Minister Arun Jaitley will inaugurate the three-day international conference on ‘Networking the Networks’ in the national capital today. The proposal to hold the ‘Networking the Networks’ meeting in India was agreed during the last visit of the Executive Director, UNODC, to India on December 3, 2014, and his meeting with the Revenue Secretary. Subsequently, the Executive Director, UNODC, ... Read More »

China October factory activity shrinks again but at slower pace: Caixin PMI

C hina’s factory activity fell for an eighth straight month in October but at a slower pace as export orders flickered into life, a private survey showed on Monday, pointing to continued sluggishness in the world’s second-largest economy. The Caixin/Markit China Manufacturing Purchasing Managers’ Index(PMI) edged up to 48.3 in October from 47.2 in September. The highest reading since June ... Read More »

With poor infra, urban haats fail to lure customers

It’s not exactly brisk business for some of the new Urban Haats being set up across the country. A new haat in Jaipur inaugurated by Rajasthan chief minister Vasundhara Raje Scindia on October 16 is unfolding into an ordeal for participating artisans. Having brought their products from across the country in the hope of good sale over the 24 days ... Read More »

Haryana govt increases minimum wages of unskilled, skilled workers by Rs 1,700 and Rs 3,163 respectively

Haryana government today announced to increase the monthly minimum wages of unskilled labourers from Rs 5,900 to Rs 7,600 and that of skilled labourers from Rs 6,536 to Rs 9,699. Chief Minister Manohar Lal Khattar announced this while addressing a gathering here on the occasion of ‘Haryana Day’ today. Besides, he also announced that Social Welfare Department would set up ... Read More »

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 »