Economy News

#RailFail trends on Twitter after average rail fare price hike

#RailFail trended on Twitter on 2 January as many people returned to work after the Christmas holidays, only to discover average rail fares across the UK had gone up by 3.4%. The price rise is the biggest increase since 2013, resulting in protests at 40 stations across the U.K.

Jan 2, 2018

Factory activity expands at fastest pace in 5 years in December: PMI

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 54.7 in December from November's 52.6, marking its fifth straight month above the 50 level that separates expansion from contraction.

Jan 2, 2018

Fund allocation for school education could increase by up to 14% in Budget 2018-19

The government's financial constraints will make it difficult for them to spend aggressively or increase budgetary allocation in a large way.

Jan 2, 2018

India to see $50 bn mergers and acquisitions in 2018: Assocham

The forecast in 2018 was picked by Assocham Year Ahead Outlook from the trends in 2017 when India's M&A transactions witnessed a quantum jump of 170 per cent in valuations and over 70 per cent in the number of transactions.

Jan 1, 2018

SBI cuts base rate to 8.65% to benefit retail borrowers

With this reduction from the earlier base rate of 8.95 percent, SBI's base rate has become the lowest among commercial banks, coming as a relief to its many retail borrowers, particularly of home and student loans.

Jan 1, 2018

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A flashback to 5 major economic events in 2017

Besides the implementation of demonetisation and Goods and Services Tax (GST), read to know the other major economic events that India witnessed in 2017.

Dec 30, 2017

Electronic goods made in India exceeds imports for the first time in 2016-17

Domestic manufacturing has gained momentum and witnessed a strong growth over the past three financial years.

Dec 30, 2017

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Modi govt overshoots full year fiscal deficit target of 3.2% in November itself

Data released by the Controller General of Accounts (CGA) revealed that during April to November period, government's fiscal deficit was 112 percent of its Rs 5.5 trillion budgetary target.

Dec 29, 2017

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Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

The report further stated that seasonal factors are expected to contribute to a shrinking of the current account deficit to below $5 billion in fourth quarter of fiscal 2018.

Dec 28, 2017

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Modi government to come up with banking reforms in New Year

"Reform agenda is the highest priority which has to be implemented along with capitalisation," said Financial Services Secretary Rajiv Kumar.

Dec 28, 2017

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Following the Centre's decision of borrowing, it is almost certain that the government will breach the fiscal deficit target this financial year, adversely affecting government's financials.

Dec 28, 2017

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Govt to borrow additional Rs 50,000 crore in Jan-March, might miss fiscal deficit target

The move could also hit the bond and equities markets.

Dec 28, 2017

Bharatmala project: Road transport ministry seeks additional Rs 25,000 crore to decongest cities' traffic

With the Rs 25,000 additional fund the ministry also proposed to offer financial aid to states to procure electric bus and personal rapid transport initiatives.

Dec 27, 2017

Fiscal woes may worsen as GST collections fell to lowest in November

The decline in tax collection will amplify the Centre's fiscal concerns ahead of the Union Budget, scheduled for February next.

Dec 27, 2017

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

It will be the first time that the Indian economy will catch up and overtake the UK and France.

Dec 27, 2017

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Economy News

#RailFail trends on Twitter after average rail fare price hike

Factory activity expands at fastest pace in 5 years in December: PMI

Fund allocation for school education could increase by up to 14% in Budget 2018-19

India to see $50 bn mergers and acquisitions in 2018: Assocham

SBI cuts base rate to 8.65% to benefit retail borrowers

A flashback to 5 major economic events in 2017

Electronic goods made in India exceeds imports for the first time in 2016-17

Modi govt overshoots full year fiscal deficit target of 3.2% in November itself

Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

Modi government to come up with banking reforms in New Year

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Govt to borrow additional Rs 50,000 crore in Jan-March, might miss fiscal deficit target

Bharatmala project: Road transport ministry seeks additional Rs 25,000 crore to decongest cities' traffic

Fiscal woes may worsen as GST collections fell to lowest in November

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react