Economy News

Car makers report upbeat sales in March

The month also marked the end of the sale of BS-III vehicles, in accordance with a Supreme Court order.

Apr 1, 2017

ATMs, credit, debit cards poised to disappear: Niti Aayog CEO Amitabh Kant

Amitabh Kant was speaking at an event organised by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi on Friday.

Apr 1, 2017

Indian economy likely to grow at 7.7% in 2018: FM Arun Jaitley

He was speaking at the second annual meeting of the New Development Bank (NDB) in New Delhi on Saturday.

Apr 1, 2017

Aviation fuel, petrol and diesel prices slashed

The reduction in aviation fuel prices is 5.17 percent; petrol and diesel will now cost Rs 3.77 and Rs 2.91 lesser per litre, respectively.

Apr 1, 2017

Indian rupee is third best-performing Asian currency in March quarter

The Indian rupee performed the third best in the March quarter and the other two currencies that did well are Korean won (up 8 percent) and Taiwan dollar (up 6.4 percent).

Apr 1, 2017

7th Pay Commission: Annual increment rate retained at 3% for central govt employees

On Friday, March 31, the government said the 3 per cent annual rate hike is in accordance with the recommendations of the 7th Pay Commission.

Mar 31, 2017

Small savings schemes: Interest rates on PPF, KVP, others reduced

The revised rates were announced on Friday and will be applicable for the April-June quarter, 2017.

Mar 31, 2017

GST Council to review preparedness at 13th meeting on Friday

The most crucial aspect — fixing of GST rates for various goods and services — is unlikely to be taken up at the Friday meeting.

Mar 31, 2017

Tobacco Institute of India urges Centre to address illegal cigarette trade

Legal cigarettes in India account for just 11 per cent of the overall tobacco consumption.

Mar 30, 2017

Deadline for exchanging demonetised notes ends on Friday for resident Indians

Resident Indians can exchange their old notes at designated RBI officials till Friday, while the deadline for NRIs is June 30, 2017.

Mar 30, 2017

EPFO likely to take up provident fund cover for Anganwadi workers: Report

The EPFO meeting, scheduled for Thursday, could deliberate on raising wage ceiling for bringing more employees under the PF net.

Mar 30, 2017

GST Bill: Lok Sabha passes key tax reform bill

The GST Bill, passed by the lower house, would next be presented before the upper house of parliament.

Mar 30, 2017

Former Mexican president calls Trump ‘a big mouth, a Twitter-er, and a liar’

Outspoken ex-Mexican President Vicente Fox has slammed US President Donald Trump as a failing leader on 28 March.

Mar 29, 2017

Brexit day: Prime Minister Theresa May tells parliament that Article 50 has been triggered

Prime Minister Theresa May has formally told the UK parliament that Article 50 has been triggered on 29 May. Sir Tim Barrow, the British Ambassador to the EU, handed Donald Tusk a letter signed by May signalling the UKs desire to begin formal divorce proceedings.

Mar 29, 2017

Shadow Defence Secretary Nia Griffith urges Theresa May to get down to work

Labours Shadow Secretary of State for Defence as told IBTimes UK that Thresay May need to get down to work and that there is still a lot of uncertainty surrounding Brexit. The UK has officially triggered Article 50 as Sir Tim Barrow, the British Ambassador to the EU, handed Donald Tusk a letter signed by Theresa May signalling the UKs desire to begin formal divorce proceedings.

Mar 29, 2017