Economics

Policy doesn’t go down well with markets; rupee takes a hit Ahead of the festival season, consumers have been spared the burden of another increase in their EMIs (equated monthly instalments), thanks to the Reserve Bank of India holding its key rate unchanged at 6.5% in its policy review announced …

198 existing structures in 7 States will benefit from scheme The government has approved a 65% hike, and extended by two years, a project to improve the stability and working of dams in 11 States. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the …

ONGC Videsh Ltd. (OVL) has rejected Venezuela’s offer for additional stake in an oilfield as it fears the Latin American nation may use it as an excuse to not pay $449 million of dues, a top official said. State oil firm Petroleos de Venezuela SA had last year offered a …

Stresses need for special package for rain-affected crops A high-level meeting will be held on Monday at the Coffee Board to discuss the impact of the floods on coffee-growers, a majority of whom are small cultivators. The meeting is likely to be attended by senior officials of the Union Commerce …

External developments need to be watched, though. Oil prices and exchange rate volatility can sting beyond endurance Those with a long memory must be consumed by a sense of deja vu over developments in the past few weeks. In many ways, the present turbulent times are reminiscent of what happened …

At a time when the Opposition is using the dipping employment data as a stick to beat the government with, the Information and Broadcasting Ministry has brought out a special issue of its annual journal, Yojana , on “Employment and self-employment”. The issue reportedly aims at clearing the air on …