Economy News

Demonetisation effect: Railways cancels service charge for online bookings until December 31

IRCTC currently charges service fee of Rs 40 per ticket for AC class and Rs 20 per ticket for non-AC sleeper class.

Nov 23, 2016

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Switzerland will soon cease to be haven for tax-evading Indians

India and Switzerland sign an agreement whereby Indian tax authorities will be accessing data on money stashed in Switzerland.

Nov 22, 2016

Cut petrol prices sharply to boost growth: Analyst

Market participants are hopeful of some stimulus from the government amid demonetisation-induced slowdown risks to the economy.

Nov 22, 2016

Govt considers refresher course for retail pharmacists to get valid drug selling license

India is facing acute shortage of qualified pharmacists at retail chemist shops.

Nov 22, 2016

India's crude steel production rises 12.3% in October 2016

While China, Japan and Russia also produced more crude steel year-over-year, the US, Germany and Brazil witnessed a drop in production.

Nov 22, 2016

Financial strength of Indian banks remains 'fragile': Fitch

The rating agency also said that impact of government's demonetization move on Indian banking sector remained uncertain.

Nov 22, 2016

Gopalpur port, which was hit by two cyclones in 2013-14, has commenced normal operations in December last year.

Shapoorji Pallonji to acquire majority stake in Gopalpur port

Gopalpur port is the second private port in Odisha promoted by Orissa Stevedores Ltd (OSL) and Sara International.

Nov 22, 2016

PM asks citizens to share feedback on note ban through Narendra Modi App

The government said that the decision was taken to curb the black money menace in India and, therefore, had to be kept a secret.

Nov 22, 2016

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Fake Rs 10 coins: RBI denies rumours, calls them 'legal tender'

RBI clarifies that coins were issued in June with minor changes, and both old and new coins continue to be legal.

Nov 22, 2016

Winter session round up: Make in India gives a big push to FDI flow in last 2 years

India received $77.86 billion of FDI during October 2014 - September 2016 period, a jump of around 60 percent after the launch of 'Make in India' initiative.

Nov 22, 2016

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All you need to know about RBI guidelines to claim withdrawals of Rs 2.5 lakh for marriage expenses

The RBI is encouraging citizens to use electronic payments and bank transfers to carry out their expenses.

Nov 22, 2016

India gets muted response to small discovered field auction

Auction of small discovered oil fields by India witnessed subdued interest from global bidders.

Nov 22, 2016

Play

Autumn Statement 2016: What to expect

Phillip Hammond will deliver his first Autumn Statement on 23 November. The Chancellor of the Exchequer will outline his plans for Britains post-Brexit economy, as he tries to secure a strong economic position for EU negotiations. Hammond will also have to overcome obstacles such as the deficit, a potential £100bn reduction in public finances and the housing crisis.

Nov 21, 2016