OPEC had been widely expected to stick with its year-old policy, despite pressure from poorer members of the cartel for a cut in output to prop up the price of oil.
Posts tagged MC
OPEC to raise oil output ceiling: Sources (04-12-2015)
Constitutionalising GST rate: Is Congress’ demand legible? (04-12-2015)
CEA Arvind Subramanian, while submitting the recommendations, said that he does not agree with the demand to include the GST rate in the Constitution.
Constitutionalising GST rate: A legitimate demand? (04-12-2015)
CEA Arvind Subramanian, while submitting the recommendations, said that he does not agree with the demand to include the GST rate in the Constitution.
Solid US employment report a green light for Dec rate hike (04-12-2015)
The unemployment rate held at a 7-1/2-year low of 5 percent, even as people returned to the labor force in a sign of confidence in the jobs market. The jobless rate is in a range many Fed officials see as consistent with full employment and has dropped seven-tenths of a percentage point this year.
CEA-led panel recommends standard GST rate of 17-18% (04-12-2015)
The chief economic advisor, Arvind Subramanian, has submitted his report on the goods and services tax (GST) to Finance Minister Arun Jaitley that outlines the scope of the ambitious reform that aims to rehaul the country’s indirect code.
CEA-led panel recommends 15-15.5% GST revenue neutral rate (04-12-2015)
The chief economic advisor, Arvind Subramanian, has submitted his report on the goods and services tax (GST) to Finance Minister Arun Jaitley that outlines the scope of the ambitious reform that aims to rehaul the country’s indirect code.
Sensex sinks 249 pts, Nifty below 7800 on global sell-off (04-12-2015)
Investors digested European Central Bank policy and Fed rate hike fears post comments from the Fed chair Janet Yellen. Banking financials, FMCG, IT and auto stocks pulled the market down.
Why Saudi Arabia won’t play nice at OPEC meeting (04-12-2015)
Oil prices rallied on Thursday amid a weaker dollar and a report by Energy Intelligence that suggested that Saudi Arabia, the de facto leader of the 12-member oil producing group, could be ready to make a formal proposal for OPEC output cuts — as long as non-OPEC producers did the same.
ECB stimulus not enough; Fed may not be hawkish: Ashmore (04-12-2015)
Jan Dehn, head of research, Ashmore Investment Management, says the ECB’s easing programme is a defense against high interest rates in the US
Did You Know: Galaxy Ent owned by Biyani, Ruias has mkt cap of Rs 40 cr (04-12-2015)
The company was incorporated on August 13, 1981. It has leisure and entertainment centres across country. The facilities include bowline, pool, video games, restaurant services, bakery, food court etc.