Fiscal pressure mounts on GCC due to dropping oil prices

Last Updated: Tuesday, March 3, 2015, 15:46

According to the latest Economic Insight report, private sector job creation and maintaining an inclusive labor market are crucial to achieve long term fiscal sustainability.

Modi assures US of predictable and stable tax regime

Last Updated: Thursday, February 12, 2015, 19:58

Asserting that economic and financial cooperation between India and the US was an important pillar of their strategic ties, Prime Minister Narendra Modi today assured the US that his government was committed to provide predictable and stable tax regime and policies.

Oil plunge to cost GCC exporters $300 billion: IMF

Last Updated: Wednesday, January 21, 2015, 22:54

The plunge in the oil price will cost the powerful energy exporters of the Gulf Cooperation Council around $300 billion, threatening to send many into budget deficits, the IMF reported Wednesday.

India top investment destination for Japanese firms: Survey

Last Updated: Friday, January 16, 2015, 14:11

The poll was conducted in July 2014 and covered 1,000 companies in the Japanese manufacturing sector.

India, Sweden to explore areas of cooperation in trade

Last Updated: Thursday, January 15, 2015, 19:55

Commerce Minister Nirmala Sitharaman will visit Sweden later this month to identify areas of closer economic cooperation between the countries.

Middle East needs to invest $18 bn on new pipelines

Last Updated: Tuesday, January 13, 2015, 14:29

The Middle East will need to invest around USD 18 billion over the next five years in new pipelines and associated infrastructure to ensure a high volume to weight ratio, according to a global energy agency.

Gulf braces for tough times over oil price plunge

Last Updated: Friday, December 19, 2014, 10:21

Pumping about 17.5 million barrels per day, GCC countries are forecast to lose at least half their oil revenues, or around $350 billion a year, at current price levels.

India sees clear pick up in growth momentum: OECD

Last Updated: Monday, December 8, 2014, 18:54

Reflecting improved prospects, India is the only major economy seeing a "clear pick up in growth momentum" while mixed trends are predicted for developed countries, according to Paris-based think tank OECD.

SBI to take part in Arab Asia Business Partnership Summit 2014

Last Updated: Monday, December 8, 2014, 14:23

The theme of the event scheduled from December 9-12, is 'Reinventing Regional Markets', which is organised in collaboration with the Confederation of Indian Industry (CII).

India, Mozambique ink MoU for oil, gas cooperation

Last Updated: Friday, November 28, 2014, 14:28

India and Mozambique Friday signed a memorandum of understanding (MoU) for cooperation in the oil and gas sector for a period of five years, the petroleum ministry said in a statement.

Raghuram Rajan slams lack of global monetary cooperation

Last Updated: Friday, January 31, 2014, 11:31

RBI governor Raghuram Rajan slammed what he said was a breakdown in global monetary coordination, as the prospect of continued withdrawal in monetary stimulus by the US Federal Reserve threatens emerging markets.