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Economy News

Jaya Jaware at the company's headquarters in Mountain View, California, U.S. April 21, 2017. [Representational Image]

Number of Indians seeking work in the US falls 38 percent

Data from a job site shows a sharp drop in the number of Indians seeking to move to the US and the UK over the past year, compared to the corresponding year-ago period. Read to know more. Oct 18, 2017
People wade through a water-logged road past a stalled passenger bus during rains in Mumbai, August 29, 2017.

India plans to shell out Rs 20 billion to perk up weather prediction

Collection data stations and mathematical models will also go through upgradation-cum-modernisation. Oct 18, 2017
Jobs and hiring

Festive season boosts temporary recruitment amid lacklustre economic growth

While the salaries for temporary profiles are unchanged, the demand has however shot up. Oct 17, 2017
India infrastructure

India's Infrastructure Fund to receive $1 bn from Abu Dhabi Investment Authority

This agreement will make ADIA get the tag of becoming the first institutional investor and a shareholder in the NIIF's Master Fund. Oct 17, 2017
labourers  in India

Govt gears up to implement Rs 1.2 lakh crore universal social security plan for poorest

The government is keen on rolling out this mandatory scheme by next year, ahead of the 2019 general elections. Read on to know more. Oct 17, 2017
GST Council meeting

GST on AC and non-AC restaurants likely to be at same rate soon

The final decision is yet to be taken by the five-member GST council at the November 9 meeting. Oct 16, 2017
inflation, retail inflation, inflation may 2017, rbi inflation target, rbi, pay commission, modi govt

Wholesale inflation cools to 2.6% in September from four-month high in August

And inflation in vegetable prices cooled to 15.48 percent in September as against a high of 44.91 percent last month. Oct 16, 2017
iGate

Foreign firms lining up 5.5 lakh crore investment; 7 lakh jobs on the anvil

The country has recorded highest inflow of foreign direct investment (FDI) in tune of Rs 2.7 lakh crore ($43 billion) in financial year 2017, an increment of 9 percent from the previous year. Oct 16, 2017
Arun Jaitley in Washington

US Federal Reserve's new move could affect emerging economies: Jaitley

Jaitley said the highest priority for the government is to create new jobs as millions of young people enter the workforce every year. Oct 15, 2017
Arun Jaitley

India carried out structural reforms at right time, keeping long-term benefits in mind: Arun Jaitley

Targeting his critics — primarily Congress, Arun Jaitley said that BJP simply did what Congress couldn't do while in power. Oct 15, 2017
Christine Lagarde IMF chief

After World Bank, IMF chief hails PM Modi's economic reforms; calls his efforts 'monumental'

The IMF and the World Bank chief have praised PM Modi's economic policies despite downgrading India's growth projections. Read on to know what the IMF chief said. Oct 15, 2017
Narendra Modi, Jim Yong Kim

World Bank chief hails PM Modi's economic reforms; calls them 'significant'

While many experts have been blaming Narendra Modi for India's economic slowdown, World Bank chief Jim Yong Kim has a completely different view. Read on to know what Kim said about Modi. Oct 13, 2017
Economic Advisory Council to the Prime Minister

PM Modi's economic council identifies 10 areas to spur growth, favours fiscal consolidation exercise

The advisory council opined that maintaining a fiscal consolidation roadmap is important, and warned the government against going for a stimulus at the cost of fiscal prudence. Oct 12, 2017
mobile sales, mobile sales in india, handset makers, smartphones, smartphone makers in india

Economic downturn: Sales plunge 36% ahead of Diwali, traders blame demonetisation, GST

"The Current Situation Index (CSI) slipped further into the pessimistic zone, reflecting deterioration in sentiments on the employment scenario, the price level and income.": RBI Oct 11, 2017
india, gdp, growth rate, q3 gdp data, india vs china, world's fastest growing economy

After IMF and ADB, World Bank lowers India's GDP growth forecast to 7%

The World Bank has said that India's growth rate may slow down to 7.0 percent in 2017 from the previous 8.6 percent in 2015 and the slowdown has been attributed to demonetisation and GST. Oct 11, 2017
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