Economy News

Modi govt unlikely to shift financial year to January-December

Switching the financial year would mean the budget would have to be presented by end of October or early November, which is unrealistic.

Aug 29, 2017

Niti Aayog proposes to remove agriculture from Essential Commodities Act: Report

The move is aimed to organise trading and is likely to reduce handling costs, reduce prices and increase returns for farmers, the report stated.

Aug 28, 2017

RBI to introduce brand new Rs 1,000 note: Report

The new Rs 1,000 currency note will come with enhanced security features and could be out as early as December 2017.

Aug 28, 2017

5,954 wilful defaulters face recovery action from PSU banks

Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore, according to the finance ministry data.

Aug 27, 2017

6 foods that can last a century

Some foods can last a century. Here are 6 foods that can last forever. If stored properly they will never spoil and will stay as fresh as the day you bought them.

Aug 27, 2017

Urban India has potential to switch over to electric cooking: Niti Aayog

The suggestion may appear to be ahead of its time and will be difficult to achieve as the government is still struggling to bring electricity to all the villages and households.

Aug 26, 2017

Amazon is changing Whole Foods

Retail giant Amazon recently purchased Whole Foods for more than $13 billion - and its bringing some big changes to the supermarket chain.

Aug 26, 2017

VMAs 2017: What to expect

The 2017 MTV VMAs will air on Sunday at 8 p.m. ET on MTV. Heres what to expect from it. 

Aug 26, 2017

Over 2.9 million file GST returns under new tax regime

An estimated Rs 50,000 crore had come in as taxes from those returns.

Aug 26, 2017

RBI to introduce Rs 200 notes tomorrow; all you need to know

The new denomination has a motif of Sanchi Stupa on the back side of the tender, which depicts the country's cultural heritage.

Aug 24, 2017

Basmati rice overtakes buffalo meat as top export commodity for India

The short-lived ban on buffalo meat's sale is partly another reason why export took a hit and basmati rice climbed to the top spot.

Aug 23, 2017

RBI likely to introduce Rs 200 notes from September

The broader objective of the introduction of Rs 200 notes is to eliminate counterfeit currency notes and eradicate black money from the system.

Aug 23, 2017

Indian Navy eyes over 200 helicopters worth $5 billion amid rising tensions with China

The Request For Information was issued for 111 Naval Utility Helicopters and 123 Naval Multi-role Helicopters with anti-submarine warfare capabilities.

Aug 23, 2017

RBI Governor hinted PSU bank mergers as recapitalisation plans

RBI Governor Urjit Patel said that PSBs will need to take haircut on current exposure, and higher provisions requirement will affect the capital position of several banks.

Aug 20, 2017

Indian railway projects worth Rs 1 lakh crore halt over GST confusion

Before GST was introduced, contractors had to pay a maximum of 4 percent service tax depending on the state but after the new tax system was launched, a GST of 18 percent was imposed.

Aug 19, 2017