Cricket World Cup 2019 final: Former players slam ICC’s boundary-count rule that decided winner

Former and current cricketers, including India’s Rohit Sharma and Gautam Gambhir, criticised the International Cricket Council’s boundary count rule that decided the World Cup title in England’s favour and denied New Zealand after a pulsating final in London. In a thrilling encounter on Sunday night at the Lord’s, England were adjudged the winners of the […]

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Business Economy

WPI inflation eases to near two-year low

Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02% in June, helped by decline in prices of vegetables as well as fuel and power items, according to official data released on Monday. The Wholesale Price Index (WPI)-based inflation was at 2.45% in May. It was 5.68% in June 2018. […]

Business Economy

Why is India opting for overseas bonds?

The story so far: The government, Finance Minister Nirmala Sitharaman announced in the Budget speech, plans to raise a portion of its gross borrowing from overseas markets. The government and the Reserve Bank of India (RBI) will reportedly finalise the plans for the overseas issue of sovereign bonds by September. While several commentators have argued […]

Business Economy

‘Lower fiscal deficit will allow private sector to borrow more’

Finance Secretary Subhash Chandra Garg on Friday defended the government’s decision to bring the fiscal deficit down to 3.3% this year, saying this would free up additional resources for the private sector to borrow and invest. He also acknowledged the industry’s concerns that payments by the government for services were delayed, creating a liquidity crunch […]