Economy News

India jumps 12 positions, ranks 40th on Travel and Tourism Competitiveness Report

Improved measures like e-visa, visa on arrival and better road transport helped India raise the bar for itself in tourism and reach the 40th position from the earlier 52.

Apr 8, 2017

Income tax department extends deadline for obtaining PAN to June 30

Bank account holders have to compulsorily submit either PAN or Form 60 to their respective banks, under income tax rules.

Apr 7, 2017

GST crosses last hurdle; Bill gets passed in Rajya Sabha

Former PM Manmohan Singh urged the Congress to not seek changes to the bill in order to "maintain consensus and federal agreement".

Apr 6, 2017

India must wave goodbye to loan waivers: RBI Governor Urjit Patel

Two days after the BJP govt of UP waived farm loans to the tune of Rs 36,000 crore, Patel said farm loan waiver undermines honest credit culture, impacts credit discipline.

Apr 6, 2017

The volatile relationship between China and the United States

Throughout the years, the United States and China have had a differing relationship. With Barack Obama in the White House the relationship had grown friendly and open but with the election of Donald Trump, and his many controversies, the future is unclear. Newsweek takes a look at the relationship from Nixon to Trump. 

Apr 6, 2017

RBI leaves repo rate unchanged at 6.25%; FY2018 growth projected at 7.4%

Retail inflation for 2017-18 is projected at 4.5 per cent in the first half and 5 per cent in the second half and economic growth estimate (GVA) for 2017-18 is 7.4 per cent.

Apr 6, 2017

India's growth to bounce back to 7.4% in 2017-18: Asian Development Bank

The country's economy will grow at a higher clip despite drag caused by excessive corporate investment in the past and banking woes.

Apr 6, 2017

Financial institutions risk 24 percent revenue loss from fintech: PwC

In banking specifically, consumer services such as personal loans, were seen as most at risk, according to PwC's annual Global FinTech Report.

Apr 6, 2017

India's falling earnings from service exports pose risks: DBS Bank economist Radhika Rao

The net earnings are on a free fall and could stay that way, especially because of increasing protectionism followed by Donald Trump's USA.

Apr 5, 2017

BJP MP Subramanian Swamy rakes up security aspect of GSTN in Rajya Sabha, again [VIDEO]

On Wednesday, BJP lawmaker Subramanian Swamy questioned the shareholding pattern of GSTN, the IT backbone of Goods and Service Tax.

Apr 5, 2017

Bengaluru vs Hyderabad in IPL 2017 is about more than cricket...it's about the soul of the IT sector

Hyderabad, the joint capital of Telangana and Andhra Pradesh, is increasingly challenging Bengaluru, India's 'Silicon Valley' in wooing IT firms.

Apr 5, 2017

Angootha chaap gets a boost: PM Modi to launch Aadhaar Pay

After Bharat Interface for Money (BHIM), Aadhaar Pay now aims at making banking transactions even more easier and accessible with just the help of one's thumb impression.

Apr 5, 2017

Changed H-1B visa norms don't mean much for India: Nasscom

The Indian IT industry body Nasscom says the guidance by the US administration on eligibility for computer programmers under the H-1B visa norms has been the practice for years.

Apr 5, 2017

7th Pay Commission: Central govt employees want Modi govt to act fast on raising HRA, other allowances

While seeking a quick decision on HRA, Central government employees want a higher rate than recommended by the 7th pay commission.

Apr 4, 2017

Two charts that explain trends of Indian economy over past 12 months

Data compiled by brokerage Motilal Oswal Securities for the 12-month duration ending February 2017, during which the economy witnessed signficant developments, show mixed macroeconomic trends.

Apr 4, 2017