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EPFO to allot universal numbers by Oct 15

Retirement fund body EPFO will provide permanent or universal account numbers (UAN) on the pattern of core banking services to its over five crore active subscribers by October 15 this year.»

Improving western economies to drive Indian IT

Firms have also recognised the huge opportunity that ‘digital’ represents »

China Q1 growth falls to 7.4 %

Chinese officials said the figures reflected the economy entering a new period of lower growth where the focus would be on structural adjustment rather than on achieving double-digit growth rates. »
Cabinet Secretary Ajit Seth (right) and Commerce Secretary Rajeev Kher at the standards conclave in New Delhi on Wednesday. Photo: Kamal Narang
NEW DELHI, April 16, 2014

Industry asked to enhance quality to boost export prospects

India needs a comprehensive law for formulating standards as they have “effectively replaced tariffs in the international trade discourse,” Commerce Secretary Rajeev Kher said here on Wednesday. <... »
MUMBAI, April 15, 2014

Moderate to strong recovery in the U.S., says Bernanke

The United States has begun looking at “moderate to strong” economic growth and the impact of the financial crisis in the country was fading, former U.S. Federal Reserve chairman Ben Bernanke said... »
This Oct. 9, 2011 photo shows 55 Water Street, home of Standard & Poor's, in New York.
New Delhi, April 15, 2014

Pace of policy reforms will affect India’s sovereign ratings: S&P

The direction and pace of policy reforms, more than which political party will come to power after the Lok Sabha elections, will affect India’s sovereign ratings, global ratings agency Standard &a... »
New Delhi, April 15, 2014

Petroleum Ministry to move Cabinet to allow RIL to retain gas finds

The Petroleum Ministry is moving the Cabinet to allow Reliance Industries retain three gas discoveries worth USD 1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.» 2 comments
BANGALORE, April 14, 2014

India a laggard in supply chain logistics, says JDA CEO Hamish Brewer

While India accounts for 70 per cent of its global research and development headcount, JDA software, a leading global supply chain management company, concedes that its client base in the country... »
April 13, 2014

Changing scene, shifting tunes

What do you expect to see in a Congress manifesto? Big-buck schemes for rural India, right? And, what do you expect to see in a BJP manifesto? Shiny new infrastructure and big push to the economic... » 1 comment
“Aggregate profits are likely to drop to 3.2 per cent due to higher input costs and a weak currency,” Religare Institutional Research in its Q4 preview said. File photo
MUMBAI, April 12, 2014

Q4 earnings estimates indicate gradual revival in economy, say brokerages

Despite shrinking factory output in February and plunging car sales as well as widening trade deficit in March, the fourth quarter (Q4) earnings estimates by three brokerages indicate a gradual re... »
International Monetary Fund Managing Director Christine Lagarde, centre, accompanied by World Bank President Jim Yong Kim, left, and U.N. Secretary General Ban Ki-moon, meet reporters during the World Bank Group- International Monetary Fund Spring Meetings in Washington on Friday. Photo: AP
WASHINGTON, April 12, 2014

Finance officials confident of global growth

An ambitious goal to boost global growth by $2 trillion in the next five years is within reach, finance officials of the world’s major economies believe, despite a variety of threats, including... »

New Delhi, April 11, 2014

Exports dip 3.15 per cent in March

Exports recovered marginally to $312.35 billion in 2013-14, but remained below the UPA Government’s target of $325 billion. Official data released on Friday show that exports grew 3.98 per cent ov... »
WASHINGTON, April 10, 2014

World Bank projects 5.7 % growth for India

The World Bank on Wednesday projected an economic growth rate of 5.7 per cent in fiscal year 2014 for India on the back of a more competitive exchange rate and many large investments going forward... » 1 comment

No policy action, but big news

India’s forex reserves soar to $303.67 billion

Focus on corruption a sign of maturity, says Rajan

Tripura tops rural jobs scheme for the fifth year

Smart grid system mooted for wind energy in Tamil Nadu

Non-BJP States ahead in manufacturing

RBI adopts new CPI as key measure of inflation

UPA abandoned reforms, says Jaitley

RBI gets EC nod for granting bank licences

MUMBAI, April 15, 2014

Deterioration in credit conditions felt in India, says Moody’s

Moody’s Analytics on Tuesday said that deterioration in credit conditions was already being felt in India, where slower economic growth and rising interest rates had made it tougher for borrowers... »
The price of petrol was on Tuesday cut by 70 paise a litre, excluding local levies, the second reduction in rates this month. File photo
New Delhi, April 15, 2014

Petrol price cut by 70 paise a litre

The price of petrol was on Tuesday cut by 70 paise a litre, excluding local levies, the second reduction in rates this month as appreciation of the rupee against dollar made oil imports cheaper. <... »
New Delhi, April 15, 2014

’Food supply constraints should be addressed by new govt’

Tackling supply side constraints for arresting food prices should be the top most priority of the new government, India Inc today said, after inflation rose again in March after three months. ... » 1 comment
New Delhi, April 15, 2014

Inflation pressures continue to remain elevated

Right at the peak of the elections season, bad news on the inflation front is here to haunt the incumbent UPA Government. Growing at the fastest pace since December, wholesale price inflation hit... »
Director General of the World Trade Organization, WTO, Roberto Azevedo of Brazil, speaks to the media about the results of the WTO in 2013 and its prospects for 2014 during a press conference at the headquarters of the World Trade Organization in Geneva, Switzerland on Monday.
NEW DELHI, April 14, 2014

Global trade to rise by 4.7 % in 2014: WTO

Global trade is expected to increase by 4.7 per cent in 2014, better than the average of 2.2 per cent in the past two years, on the back of projected improvements in the developed economies, the W... »
The Reserve Bank of India has granted licence to set up banks after almost a decade.
April 13, 2014
FINANCIAL SCENE

Two new banks on the horizon

A day after reviewing the credit policy statement on April 1, the Reserve Bank of India (RBI) announced its decision to award ‘in-principle’ approval to two applicants, IDFC Limited and Bandhan Fi... » 1 comment
Arvind Mayaram
Washington, April 12, 2014

India calls for clearly communicated monetary policies

Calibrated and clearly communicated monetary policies will build trust and improve business sentiments across the world by leaving little room for speculations, Economic Affairs Secretary... » 1 comment
New Delhi, April 11, 2014

Poll panel approves urea pricing, defers investment policy

The Election Commission has approved notification of New Urea Pricing Scheme (NPS), but it has asked the ministry to defer notification of New Urea Investment Policy (NIP) till elections are over. »
Greece's finance ministry said nearly 90 per cent of the sale was to international investors. In the picture is headquarter of Greece's central bank in Athens. Photo:AP
ATHENS, April 10, 2014

Greek bond issue raises 3 billion euros

Greece’s Finance Ministry says its first return to the markets in four years has seen strong demand, with the country raising 3 billion euros through five-year bonds at a coupon rate of 4.75 per c... »
A file picture of IMF headquaretes in Washington.
Washington, April 8, 2014

India’s growth likely to recover to 5.4 % in 2014: IMF

Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India’s growth is expected to recover from 4.4 per cent... » 2 comments

Pre-election euphoria?

Forex reserves jump $5.04 bn to $303.7 bn

India needs multi-pronged approach to eradicate poverty: Report

India sees fall in air traffic demand this February

FinMin study of black money partially complete

Policy is on expected lines, say bankers

Reserve Bank steps in to shore up long-term liquidity

Govt extends ban on pulses export till further orders