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Economy News

us fed rate hike, janet yellen, us credit card holders, profile of us consumers, impact of fed rate hike, wallethub

US credit cardholders to take $1.6 billion hit after US Fed hikes interest rate

Apart from credit cardholders, students and home loan buyers are also likely to be affected by the interest rate hike by the US Federal Reserve. Mar 16, 2017
Palanisamy, Palaniswamy, Palaniswami

Tamil Nadu Budget 2017: All you need to know about the state Budget

Finance Minister D Jayakumar presented the state Budget in the Tamil Nadu Assembly on Thursday. Mar 16, 2017
india pak relations, jammu and kashmir, j&k, kishanganga hydro project, hydro projects in kashmir, rivers flowing through kashmir

India fast-tracks hydro projects in Kashmir

Hydropower projects worth $15 billion are being implemented at a fast pace, ignoring warnings from Pakistan. Mar 16, 2017
india news, india external trade, india exports, india imports, gold imports by india, trade deficit, india external trade, note ban

India's exports rise 17.5% in February, up for the sixth straight month; gold imports spurt 147%

Trade data released on Wednesday shows India's imports increase 21.76 percent while exports grew 17.48 percent, widening trade deficit. Gold imports up at $3.48 billion. Mar 15, 2017
rupee hits 16 month high, usd vs ind, rupee vs us dollar, indian stock markets, foreign investors in india

Foreign investors net buyers on Indian stock markets for 9th consecutive day

Foreign institutional investors (FIIs/FPIs) have bought stocks worth Rs 12,838 crore in nine days this month, strengthening the Indian rupee. Mar 15, 2017
tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Union Cabinet announces 2% hike in DA for Central government employees, pensioners

The two percent increase in dearness allowance (DA) will be effective from January 1, 2017, for Central government staff and pensioners. Mar 15, 2017
Multiplex tickets get cheaper in Bengaluru

Tickets in multiplex get cheaper in Bengaluru: Lets remember the selfless contribution of this trio

Kirik Keerthi aka Keerthi Kumar, Dayal Padmanabhan and KM Veeresh are happy because their fight against the exorbitant ticket prices charged by multiplexes has finally met with success. Mar 15, 2017
7th pay commission, karnataka budget 2017, karnataka govt employees, salary hike for karnataka govt staff, karnataka cm siddaramaiah

Karnataka Budget 2017-18: CM Siddaramaiah announces implementation of 7th pay commission proposals for state govt employees

In November last year, Siddaramaiah had talked about appointing a panel to revise the salary of about six lakh Karnataka government employees. Mar 15, 2017
Liquor ban, highways, supreme court, delhi gurgaon expressway

Cheers Bengaluru! Alcohol prices slashed across Karnataka; other highlights of the state Budget

The Karnataka government has also lifted Value Added tax (VAT) charges on beer, wine, feni and hard liquor. Mar 15, 2017
wholesale inflation for february, wpi february, wpi janary, wholesale inflation at record high, inflation in india, indian stock markets

Wholesale inflation hits 6.55% in February, almost doubles in three months

Wholesale inflation, or WPI, had spiked to a 30-month high in January to 5.25 percent and has gone even higher in the next month. Mar 14, 2017
insurance in india, non-life insurance, life insurance, insurance premium collection, indian economy

Non-life insurers' premium income grows over 33% in February

Private sector insurers saw their business growing at a faster clip than their public sector counterparts. Mar 13, 2017
rbi, impact of demonetisation, impact of note ban, indian economy, rbi updates on note ban, pm modi, uttar pradesh election results 2017, congress, indian opposition parties

RBI lists gains and losses arising out of demonetisation even as curbs on cash withdrawals stand completely withdrawn

Effective from Monday (March 13), all curbs on cash withdrawals imposed by the RBI stand lifted. Mar 13, 2017
nirmala sitharaman, digidhan mela, cashless economy, pm modi, note ban, demonetisation, digital india

Push for digital economy led to spurt in tax collection: Nirmala Sitharaman

Recently, the Modi government published data showing a rise in tax collection for the April-February period in FY2017. Mar 13, 2017
iata world cargo symposium 2017, wcs 2017, cargo symposium in abu dhabi, cathay pacific cargo terminal, global cargo carriers

IATA's 11th World Cargo Symposium to be held from March 14

It is estimated that about 1,000 cargo executives would participate at the 11th edition of IATA's World Cargo Symposium to be held in Abu Dhabi. Mar 13, 2017
saudi king salman, saudi king salman to visit india, saudi king salman's india visit, india saudi arabia bilateral trade

Saudi King Salman likely to visit India this year

Salman was crowned the new king in January 2015, following the death of his half-brother, King Abdullah. Mar 13, 2017
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Jaguar Land Rover to Receive £1.5 Billion UK Loan Guarantee After Cyberattack Disruption
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