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Sensex ends 205 points higher in third straight session

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Rising for the third straight session, benchmark Sensex finished over 205 points higher at 33,455.79 today on persistent buying by domestic institutional investors amid positive global cues.  The broader NSE Nifty too closed above the 10,300-mark. Optimistic buying in blue-chip stocks ahead of release of industrial production and retail inflation …

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Deposits made by citizens in banks will be protected: Arun Jaitley

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Addressing the raising concerns over the FRDI Bill, finance minister Arun Jaitley on Monday said deposits made by public in banks and other financial institutions will be protected. The finance minister’s statement came after doubts had been raised over the Financial Resolution and Deposit Insurance Bill, 2017, (FRDI Bill) .  …

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India needs to trim its overdependence on OPEC crude oil

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In December 2015, the United States (US) lifted the 40-year-old ban on oil export which opened up avenues for India to capitalise on the opportunities to import oil from the US.  Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) placed orders to …

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A Chinese idea that stripped India of growth

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Nearly two decades ago, special economic zones (SEZs) fired up several dreams in India. Many believed SEZs, a borrowed idea from Shanghai and Shenzhen, would fuel the country’s manufacturing growth. In March 2001, on a week-long media trip to the two Chinese cities, we had an exclusive peek at how …

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