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Economy - Total results - 4762

Italy passes 2017 budget, paving way for PM Renzi's resignation | Reuters

Updated : Dec 07, 2016

By : Reuters

Category : World

Italy passes 2017 budget, paving way for PM Renzi's resignation | Reuters

By Giuseppe Fonte | ROME ROME The Italian parliament on Wednesday gave its final approval to the government's 2017 budget, which has irked the European Union, paving the way for Prime Minister Matteo Renzi to hand in his resignation.Renzi said he would quit following his crushing defeat in Sunday's referendum when Italians rejected his proposed reforms to the constitution, but the head of state Sergio Mattarella told him to delay his resignation until the budget was passed.Sweeping away all amendments to speed up its parliamentary passage, the upper house Senate approved the budget in a vote of confidence, with 173 votes in favour and 108 against.Minutes later, Renzi announced he would hand in his resignation to Mattarella at 7 p.m. (1800 GMT). "Budget approved #United States #Economy #India #Business #Middle East #Budget #lifestyle
RBI monetary policy: Key rates unchanged as Urjit Patel defends demonetisation

Updated : Dec 07, 2016

By : FP Staff

Category : Business

RBI monetary policy: Key rates unchanged as Urjit Patel defends demonetisation

Urjit Patel kept short term lending rate unchanged even as the RBI lowered GDP growth rate to 7.1 per cent. #Economy #RBI #Reserve Bank of India #Monetary policy #NewsTracker #bank #Repo rate #Demonetisation #Urjit Patel
RBI sees growth moderating to 7.1% in FY17 as demonetisation to inflict short-term pain on economy

Updated : Dec 07, 2016

By : PTI

Category : Business

RBI sees growth moderating to 7.1% in FY17 as demonetisation to inflict short-term pain on economy

RBI said the impact of demonetisation should ebb with the progressive increase in the circulation of new currency notes and greater usage of non-cash based payment instruments in the economy #Economy #RBI #Reserve Bank of India #Repo rate #Growth #industrial activity #Demonetisation
Demonetisation will not put an end to black money-generation, says economist Arun Kumar

Updated : Dec 07, 2016

By : Debobrat Ghose

Category : Business

Demonetisation will not put an end to black money-generation, says economist Arun Kumar

The government, in a single stroke has scrapped a large volume of currency, which was in circulation, without having an alternative arrangement in place. It has created chaos and panic. #Economy #Black money #Banks #Narendra Modi #Currency #Demonetisation #fake notes #Counterfeit notes #ATMs #Prof Arun Kumar #small demonination currency notes #cash pain
Demonetisation, dwindling growth prospects: RBI most likely to cut repo rate by 25 bps today

Updated : Dec 07, 2016

By : FP Staff

Category : Business

Demonetisation, dwindling growth prospects: RBI most likely to cut repo rate by 25 bps today

In its bid to push growth further, the government has been pushing RBI to cut rates all along, but this time there is even more compelling reason to lower rates since the demonetisation exercise being implemented by the government would likely inflict more pain on the economy in the approaching quarters #Inflation #Economy #GDP #RBI #Repo rate #Raghuram Rajan #Demonetisation #Urjit Patel #PMI services
Demonetisation seals RBI rate cut deal, but that will not reboot a battered economy

Updated : Dec 07, 2016

By : Dinesh Unnikrishnan

Category : Business

Demonetisation seals RBI rate cut deal, but that will not reboot a battered economy

Will an RBI rate cut make any major difference at this stage to aid growth? It is doubtful for a few reasons. #Economy #Manmohan Singh #GDP #InMyOpinion #Repo #Demonetisation #Urjit Patel #RBI rate cut #DBS Bank #MPC
Investigation urges coalition apology for Yemen hospital attack | Reuters

Updated : Dec 07, 2016

By : Reuters

Category : World

Investigation urges coalition apology for Yemen hospital attack | Reuters

DUBAI An investigative body set up by the Saudi-led coalition fighting in Yemen said on Tuesday it should apologise for a deadly attack on a Medecins Sans Frontieres (MSF) hospital in August that the group said killed 11 people.But the Joint Group to Assess Incidents found the coalition was not responsible for or had legitimately targeted fighters in four other incidents that rights groups blamed on Saudi-led bombings and together killed dozens of people. #United States #Economy #Middle East #Iran #lifestyle
Violence erupts in Athens on anniversary of student killing by police | Reuters

Updated : Dec 07, 2016

By : Reuters

Category : World

Violence erupts in Athens on anniversary of student killing by police | Reuters

ATHENS Hooded protesters threw petrol bombs and set off fireworks during clashes with Greek riot police in Athens on Tuesday on the eighth anniversary of a teenager's killing by police.The fatal shooting of 15-year-old Alexandros Grigoropoulos in 2008, a year before Greece's economic crisis began, triggered the worst riots seen in Greece for decades and they lasted for weeks.The annual march to commemorate the incident usually draws thousands of anti-establishment and anti-austerity protesters. Tuesday's violence erupted after hundreds marched peacefully in Athens. #Economy #Greece #science #Europe #Argentina #Innovation
Libyan forces clear last Islamic State holdout in former bastion Sirte - spokesman | Reuters

Updated : Dec 06, 2016

By : Reuters

Category : World

Libyan forces clear last Islamic State holdout in former bastion Sirte - spokesman | Reuters

SIRTE, Libya Libyan forces backed by U.S. air strikes have finished clearing the final district of former Islamic State stronghold of Sirte in which the jihadist group had been holding out, a spokesman for the forces said on Tuesday.Rida Issa said the forces had "secured all the buildings and the streets" in the Ghiza Bahriya area, where Islamic State fighters have dug in for weeks. A Reuters witness confirmed the battle for control of Ghiza Bahriya had ended #Economy #India #markets #Africa #Security #United Kingdom