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Economy

Piyush Goyal

After snubbing Amazon, Modi govt now wants to go swadeshi by selling local goods

Commerce Minister Piyush Goyal urges traders to promote, sell and use swadeshi goods to boost country’s economy.
Economy_Stocks

Quant funds are the new craze in India even as stocks keep breaking records

Quant strategies seek to reduce role of human bias. They follow data-driven approach to pick stocks, using pre-defined parameters such as momentum or valuation.
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2020-21 on 1 February | Photo: ANI

These are the top 5 officials working behind the scenes on Modi govt’s budget

As FM Nirmala Sitharaman prepares to deliver her budget speech on 1 Feb, here’s a look at the 5 key people working to draw up the income-and-spending plan.
File image of an Air India carrier | Wikimedia Commons

3 reasons why Modi govt is sure its second bid to sell Air India won’t fail

Modi govt Monday began the process of selling flag carrier Air India, whose accumulated debt stands at Rs 60,000 crore.
An Air India aircraft | PTI

Modi govt begins new process to sell Air India, asks buyer to absorb Rs 23,000 crore debt

Air India will be sold fully but effective control needs to stay with Indian nationals, according to preliminary terms published Monday.
Shoppers walk through the New Market area in Kolkata, India, on Tuesday, April 30, 2019. Prime Minister Narendra Modi is seeking a re-election bid in national elections | Photo by Prashanth Vishwanathan | Bloomberg

India needs foreign capital to fund record borrowing, IDFC says

Overseas funds have long sought greater access to Indian debt but they hold just 3.4% of the almost Rs 60 trillion of outstanding sovereign bonds.
Pedestrians walk past the Bombay Stock Exchange (BSE) building | Dhiraj Singh/Bloomberg

Animal spirits of Indian economy seem to be perking up

India’s economy appears to be shaking off a slump, as activity in services & manufacturing sectors expanded for a second straight month in December.

Pakistan says trade with India has plunged, blames tension with Delhi over Kashmir

Pakistan's exports to India in the first half of 2019-20 totalled $16.8 million as compared to $213 million during the same period in 2018-19.
Labourers clean glass of newly build Indiabulls finance centre at Lower Parel area in Mumbai

SBI chairman says Yes Bank will not be allowed to fail

SBI chairman Rajnish Kumar says he’s certain ‘some solutions will emerge’ to steady Yes Bank, which has been on a prolonged quest to raise new capital.
File image of Amazon chief Jeff Bezos

Modi govt’s slap to Amazon and Jeff Bezos should worry foreign investors

India has turned inward. The era of openness & trade that raised hundreds of millions out of poverty and kept growth high seems to have ended.

On Camera

File photo of the CBI M Nageshwara Rao

Ban foreign donations to Indian NGOs: Ex-CBI acting chief writes in RSS mouthpiece

About Rs 2 lakh crore in foreign ‘donations’ has been pumped into India in last two decades. Why do foreigners' have this unrequited love for Indians?

Homoeopathy for coronavirus: Is AYUSH commitment to alt meds healthy or promoting quackery?

AYUSH ministry issued a health advisory Wednesday for the prevention of coronavirus infections through homoeopathy and ayurveda.

Defence

Army chief General Manoj Mukund Naravane

Army will pull forces out of internal security duties in Northeast: Gen MM Naravane

Working on a plan for the next 18-24 months on how to draw down regular forces from security duties in Northeast, Army Chief General M.M. Naravane says.

The world has a message for Modi: Brand India is severely damaged

India’s image — and by extension Modi’s — has been damaged by a combination of identity politics and economic decline. But the world isn’t writing us off, not yet.