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Economy News

India steel

Trump's tariff on metal exports: India doesn't expect an immediate hit

Donald Trump on Thursday said the US would impose an import tariff of 25 percent on steel and 10 percent on aluminum to protect US producers. Mar 3, 2018
Arrested

Who is Archana Bhargava? CBI slaps disproportionate assets case on ex-CMD of United Bank of India

The CBI alleges that Archana Bhargava, the former chief of UBI, acquired movable and immovable assets disproportionate to her income between 2004 and 2014. Mar 2, 2018
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Warren Buffett loses $3.7 billion as US stocks tumble

World's billionaires suffered heavy losses in the last few days as US stocks slipped after Donald Trump promised high tariffs on foreign metals. Mar 2, 2018
Trump says guns should be taken from mentally ill without due process

Trump's trade war (of honor) against China is a losing game

Whenever it was hit with tariffs, China has responded in kind, inflicting equal or greater pain on the US Mar 2, 2018
Vijay Mallya court

Fugitive Economic Offenders Bill 2018: All you need to know

Union Cabinet has approved the Fugitive Economic Offenders Bill 2018 to empower the government to confiscate the properties of financial offenders, defaulters. Mar 2, 2018
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LPG prices slashed: This is how much you will have to pay for subsidized and non-subsidized cylinders

In metro cities, the subsidized LPG will be cheaper by Rs 2.50, while the non-subsidized LPG cylinders will cost about Rs 45 less. Mar 2, 2018
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Did your mobile wallet stop working? Here is how you can reactivate it by complying with RBI's KYC rules

RBI has made KYC details mandatory for Prepaid Payment Instruments (PPIs), including digital wallets, in order to eliminate money laundering and fraud. Mar 1, 2018
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SBI hikes 1-year MCLR rate to 8.15 percent: EMIs to get expensive

State Bank of India increases lending rates by 20 basis points and home loan and personal loan borrowers will be affected by the revised rates Mar 1, 2018
Money

India reclaims third spot in billionaires' list as China dominates

India, with 131 billionaires, climbed back into the third spot on the Hurun Global Rich List 2018 and replaced Germany. Mar 1, 2018
demonetisation rupee china yuan chinese global times gamble modi xi jinping president chinese currency growth bilateral trade relations

Trump sharpens attack on China as trade war looms

China sends President Xi Jinping's top economic adviser Liu He to the US in view of the worsening tensions. Mar 1, 2018
rbi, rbi mpc meeting, rbi bi monthly meeting on april 6, sensex reacts to monetary review meeting, rbi growth projections, rbi governor urjit patel

Strong GDP data stokes RBI rate-hike talk

The strong economic growth puts spotlight on the Reserve Bank of India ahead of interest rates review on April 5. Mar 1, 2018
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Economy and markets: All you need to know to start your day on March 1

SGX Nifty signals a weak start for the domestic markets after the benchmark Sensex declined 162 points or 0.47 percent to close at 34,184 on Wednesday. Mar 1, 2018
income tax, demonetisation, cash deposits in banks, rs 2.5 lakh, cbdt chief, black money, pm modi, india news

PNB, UBI and SBI top the list of employees whose prosecution was permitted by CVC from 2015 to 2017

SBI also tops the list of people who were convicted, dismissed or penalized in cases of fraud that did not reach the Central Vigilance Commission (CVC). Feb 28, 2018
GDP

India set to topple China as world's fastest-growing economy, GDP to grow at 6.9% in Q3 2016: Reuters poll

Backed by higher government spending and an enthusiasm in the manufacturing and service sectors, India could regain the position of world's fastest-growing major economy, a Reuters poll has predicted. Feb 28, 2018
Modi Trump, Modi in US

Harley-Davidson: All you need to know about the India-U.S. tariff issue

U.S. President Donald Trump has slammed India for a high import tariff on Harley-Davidson motorcycle, calling it "unfair". Feb 28, 2018
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