Economy News

RTGS, NEFT transaction charges scrapped; RBI directs banks to pass on benefits

As far as charges on transactions are concerned, there will be more good news for customers as the RBI declared that it was setting up a panel to review charges imposed by banks on ATM withdrawals.

Jun 6, 2019

Does Huawei's Russia 5G deal signal a new world trade order split down middle?

Chinese giant ties up with Russia's MTS to deploy 5G technology as Xi begins three-day Russia visit for a summit with Putin amid escalating US-China trade war.

Jun 6, 2019

RBI cuts repo rate by 25 basis points to 5.75%, bank loans to be cheaper

The Reserve Bank of India's Monetary Policy Committee today announced its decision to slash the repo rate to 5.75 per cent from 6 per cent.

Jun 6, 2019

World Bank retains India's growth rate for fiscal 2020 at 7.5%

In the next three years, India's growth rate will be supported by robust investment and private consumption.

Jun 5, 2019

Indian industry seek corporate tax rate cut to 20% in upcoming budget

The Confederation of Indian Industry (CIII) called on Modi to push reforms in the budget so as to boost private investment and domestic consumer demand and achieve 8-10 percent economic growth rates over the next few years.

Jun 4, 2019

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Is global economy showing signs of slowdown?

There have been concerns about the impending recession by seeing the present scenario of an aggressive overheating of the market. The US market might get to a standstill or a slowdown.

Jun 3, 2019

Digital India gets a boost as government sets 100-day horizon for 5G trials

India will join a select band of countries with commercial 5G-grade communication services; Ravi Shankar Prasad pushes for spectrum auction this year for the first time after 2016.

Jun 3, 2019

US-China trade war could trigger prolonged global recession this year

Escalating US-China trade wars may trigger prolonged global recession this year

Morgan Stanley warns investors must take into account the threat of a prolonged recession for their investment strategy given the worsening trade war rhetoric between the US and China

Jun 3, 2019

After a week of euphoric hearts, expect cautious heads to return to the market

Indices are expected to trade sideways as the euphoria of Modi 2.0 ebbs and worries of global tensions and domestic slowdown begin to take hold; time ripe for stock specific play.

Jun 2, 2019

Global airlines slash profit forecast 21% on protectionism fears

The International Air Transport Association, which represents about 290 carriers or more than 80% of global air traffic, said the industry is expected to post a $28 billion profit in 2019, down from a December forecast of $35.5 billion.

Jun 2, 2019

India plays down Trump decision to remove US trade privileges

In a relatively tame response to the announcement from Washington on Friday, the government said it was "unfortunate" that its attempts to resolve significant US requests had not been accepted.

Jun 1, 2019

US-China trade wars: Markets panic as Beijing's 25% tariff on US imports bites

The US has already raised from 10 percent to 25 percent tariffs on imports from China to the tune of $200 billion.

Jun 1, 2019

Donald Trump to end trade privileges for India on June 5

Donald Trump had announced his intention to remove India from the Generalized System of Preferences (GSP) program in early March.

Jun 1, 2019

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PM Modi faces 'jobs crisis' as unemployment hits 6.1%

Pronab Sen said that small businesses had been especially weak, while the unemployment rate was likely to have spiked after the country replaced the majority of its banknotes in a shock move in 2016.

May 31, 2019

Rs 30 lakh crore transport infrastructure bonanza to be game changer for economy

Modi 2.0 is likely to set apart a huge outlay for infrastructure, including the national highways, railways, ports, and airports over five years; spending on dedicated freight corridors expected to see massive a spurt.

May 31, 2019