Economy & Nation

At a time when the country’s economy is facing severe crisis due to rising fuel prices and the falling value of the rupee, a survey by Pew Research Center has revealed that Indians are fast loosing confidence in the country’s economy.    Last year 83 percent Indians thought their...
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Income Tax department officials conducted "verification surveys" at the business premises of Jet Airways at four locations in New Delhi and Mumbai on Wednesday.   According to sources in the Income Tax department, surveys were carried out to verify the expenses claimed by the...
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Ahead of Assembly elections in five states, the Union Cabinet on Wednesday approved an ordinance making triple talaq a criminal offence, with the government stating that there was a "compelling necessity" and "overpowering urgency" to do so.   The ordinance, which will be sent to the...
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In a significant development, the Bombay High Court on Wednesday ordered issuing of notices to the Election Commission of India (EC), Maharashtra State Election Commission (M-SEC) and two public sector makers of electronic voting machines (EVM) and others in a public interest litigation filed...
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The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee's depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday.   As per the report, during the June 2008 to May 2009 period, when rupee depreciated by 13 per...
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