Economy News

Arvind Subramanian likely to be chief econ adviser

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NEW DELHI - U.S.-based economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday.

RBI to conduct frequent term repos for flexible cash management

MUMBAI - The Reserve Bank of India (RBI) said it would conduct more frequent term repos but retained the overall borrowing limit for lenders, in a bid to make borrowing more flexible without injecting additional liquidity into markets.

22 Aug 2014

India flags rosier economy, vows to tighten up on banks

NEW DELHI - Government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks.

21 Aug 2014

U.S. housing, jobs data bolster economic outlook

WASHINGTON - U.S. home resales raced to a 10-month high in July and the number of Americans filing new claims for jobless benefits fell last week, signaling strength in the economy.

22 Aug 2014

RBI reiterates commitment to bring down inflation

MUMBAI - The Reserve Bank of India (RBI) reiterated on Thursday its commitment to bring down the consumer price index to 6 percent by January 2016, saying it was ready to use monetary policy to address high inflationary expectations and sticky core inflation.

21 Aug 2014

China economy fears deepen as August HSBC flash PMI at three-month low

BEIJING - Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, heightening concerns about increasing softness in the economy.

21 Aug 2014

Fed's Williams sees first rate hike in middle of 2015 - CNBC

- The head of the San Francisco Federal Reserve said on Thursday the U.S. labor market has improved a lot but he held steady his view that the Fed should wait to hike interest rates until the summer of next year.

22 Aug 2014

RBI deputy gov says cbank tweaking policies for affordable housing

MUMBAI - The Reserve Bank of India (RBI) is tweaking its policies recognising the need for affordable housing and other essential real estate sectors, Deputy Governor R. Gandhi said on Wednesday.

20 Aug 2014

Fed notes labor market progress, but not convinced yet - minutes

WASHINGTON - The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting.

20 Aug 2014

Still awash with cash, world economies take turn for the worse

LONDON - China's economy is slowing. The euro zone's is a flat line. Japan's sank in the second quarter. Britain has wage deflation. The U.S. economy is ticking over at best.

Japan 20 Aug 2014

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SEBI orders PACL to return $8.1 billion raised from investment scheme

MUMBAI - The Securities and Exchange Board of India (SEBI), India's capital markets regulator, has ordered property developer PACL Ltd to return at least $8.1 billion raised from retail investors after finding the company had failed to register its land investment scheme.

REUTERS SHOWCASE

Health Reforms

Health Reforms

India reviews state hospitals to end widespread corruption.  Full Article 

New Rules

New Rules

RBI says all companies must apply 2-step payments for credit cards.  Full Article 

Still Popular

Still Popular

Indians keep faith with Modi, best hope for economy - poll.  Full Article 

New Adviser

New Adviser

Arvind Subramanian likely to be chief econ adviser.  Full Article 

Pricing Mechanism

Pricing Mechanism

Govt sets up a four-member panel to re-examine gas pricing.  Full Article 

Royalty Rates

Royalty Rates

India to hike iron ore royalty, miners may struggle to pass on extra cost.  Full Article 

Diesel Deregulation

Diesel Deregulation

Oil ministry to seek Cabinet nod on diesel deregulation - sources  Full Article 

Commodities

Commodities

Gold near two-month low; set for weekly drop on interest rate fears  Full Article 

Helping Regional Mills

Helping Regional Mills

Govt raises sugar import duty to 25 pct from 15 pct.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage