Economy News

Indian Railways to get 7 lakh metric tonnes of rails to renew old tracks

The decision comes after reports suggested earlier this month that Indian Railways will spend Rs 1,000 crore over the next six months to replace old and outdated tracks with new ones.

Oct 26, 2017

Cash ban, GST disruptions to cool India's GDP growth to a 4-year low: Reuters poll

But despite the broad and marked slowdown expected in economic activity, India's projected growth rate will be second to the world's fastest growing major economy - China - if predictions are met.

Oct 26, 2017

RBI governor, chief economic advisor hail govt's bank recapitalisation plan

Many analysts believe that bank recapitalisation will boost credit growth by 10-11 percentage points over the next one year.

Oct 26, 2017

Bharatmala: The road-building project to generate 14 crore mandays of jobs over 5 years

According to the plan of Bharatmala scheme, Rs 2.09 lakh crore would come from market borrowings, Rs 1.06 lakh crore as private investments and the balance from the Central Road Fund.

Oct 25, 2017

Govt retaliates to 'Gabbar Singh Tax' jibe by Rahul Gandhi as September collection hits Rs 92,150 crore

With the decision to waive off late fee payment, the government also knocked off Rahul Gandhi. The Congress vice-president had earlier said that GST is not Goods and Services Tax but "Gabbar Singh Tax."

Oct 25, 2017

India projected to become the third largest aviation market by 2025

IATA expects India to surpass the UK in 2025. It is projected to add 337 million new passengers in 2036 for a total of 478 million.

Oct 25, 2017

Government announces Rs 2.11 lakh crore recapitalisation for PSBs: PM Modi plays big gamble on job front?

The Central government on Tuesday announced recapitalisation of PSBs to the tune of Rs 2.11 lakh crore. Read to know how PM Modi looks to gain from this.

Oct 24, 2017

Government waives GST late fee for August and September, but you still may have to pay it!

The Central government on Tuesday waived the late fee for filing GST returns for August and September. Read to know why you still may have to pay the fee.

Oct 24, 2017

India gets further push on road to progress: Rs 7 lakh crore project for 83,000 km of highways gets Cabinet nod

The Union Cabinet has reportedly given the nod for the construction of 83,000 km of highways across India over five years at a cost of Rs 6.9-7 lakh crore.

Oct 24, 2017

India say goodbye to slow internet! Government has begun process for fast broadband connectivity

The Central government has begun the process that will bring 2 Mbps broadband connectivity to each and every corner of India. Read to know more.

Oct 24, 2017

Stalled infrastructure projects cost government Rs 1.72 lakh crore extra

The expenditure incurred on these 1,257 projects till July is Rs 6.80 lakh core, which is 38.87 per cent of the total anticipated cost. Moreover, of the 1,257 projects there are 331 projects, whose cost overran by 274 times.

Oct 23, 2017

Japans Prime Minister Shinzo Abe clinches landslide victory in snap election

Japans Prime Minister Shinzo Abes gamble paid off as his ruling bloc secured two-thirds of majority in the Lower House in the snap election. Following the results, Abe promised to deal firmly with North Korea amid the rising tensions in the region.

Oct 23, 2017

If your Rajdhani train tickets are not confirmed, you could soon opt to fly!

The proposal was pushed by the Chairman of the Indian Railway Board Ashwani Lohani last summer when he was Chairman and Managing Director of Air India.

Oct 23, 2017

Decisions on key lending rates entering trickier waters, show RBI monetary policy panel minutes

Observers are wary about the deep divide within the RBI Monetary Policy Committee when it comes to deciding key interest rates. Read to know more.

Oct 20, 2017

Railways to spend Rs 3,000 cr to automate yards; how will it impact jobs?

The Railway Board has already identified 38 yards which would be developed into smart yards, and are currently awaiting the clearance from the board.

Oct 18, 2017