Economy News

Donald Trump proposes 'one of the biggest tax cuts in American history'

As he heads closer to 100 days of his presidency, Trump is now seeking to follow through on a flagship pledge he made during his presidential campaigns last year.

Apr 27, 2017

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7th Pay Commission: Ashok Lavasa panel on raising allowances for Central govt employees likely to submit report soon

The Ashok Lavasa committee was formed last June to examine 7th pay commission's proposals on raising allowances of Central govt staff and pensioners.

Apr 27, 2017

TCS, Infosys, Wipro go slow on hiring lane

Hiring by the top IT software services companies — TCS, Infosys and Wipro — continues to remain weak amid multiple headwinds.

Apr 26, 2017

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Trump tax plan will sharply slash corporate tax rates

Donald Trump will propose cutting the income tax rate paid by public corporations to 15 percent from 35 percent, officials said.

Apr 26, 2017

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US loses 1st trade battle with Mexico in Trump era

Mexico and the US have fought for years over tuna. The US has started imposing tariffs on Canada too.

Apr 26, 2017

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RBI chief Urjit Patel favours merger of public sector banks

It would help deal with the problem of non-performing assets (NPA) of state-owned banks, Patel said.

Apr 25, 2017

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India's oil and gas sector at a glance

The government's official body, the Petroleum and Planning Analysis Cell (PPAC), has come out with its report for FY2017.

Apr 24, 2017

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India's economy poised to hit $7.25 trillion by 2030: NITI Aayog

On Sunday, PM Narendra Modi met state chief ministers and senior members of government's think-tank NITI Aayog to discuss many issues.

Apr 24, 2017

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Australian retailers to 'wage war' against Amazon

Some analysts have said Amazon could take in as much as three billion dollars in sales in its first five years in Australia.

Apr 24, 2017

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PM Modi's cooking gas drive makes India world's second-largest LPG importer in FY2017

In FY2017, India imported 11 million tonnes of LPG, racing ahead of Japan's 10.6 million tonnes, while China remains world's top importer; PM Narendra Modi has been aggressively pushing gas-for-all-households.

Apr 24, 2017

Nano-technology will soon make GM obsolete: MS Swaminathan

Speaking on the efforts for commercial cultivation of GM crops in India as well as the opposition to this by environment activists, Swaminathan said there was no clear public policy on GM crops.

Apr 23, 2017

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Waiting for green cards, Indian visa-holders see hope in Trump review

Estimates show there are some 1.5 million H-1B visa holders in the country waiting for green cards, many of whom are from India.

Apr 22, 2017

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Global steel demand likely to slow down next year: World Steel Association

From 1.3 percent growth rate forecast for this year, global steel demand is expected to rise 0.9 percent next year, mainly due to modest uptick in China, says WSA.

Apr 22, 2017