Economy News

RBI issues updates to FAQs on Rs 500, Rs 1,000 notes

The latest set of updates have been issued by the RBI on Friday (November 18) in the context of demonetisation.

Nov 18, 2016

Price revival of iron ore not in sight

With production rising and no sight of pickup in steel demand, price of the ore is unlikely to revive in the near-term.

Nov 18, 2016

'This is serious, there may be riots,' says Supreme Court on demonetisation

The court refused to impose a stay on PILs filed in various courts, saying they will help understand the issues being faced locally.

Nov 18, 2016

Demonetisation decision by PM Modi 'worst mistake of his career': The Economist

PM Narendra Modi's move to demonetise high-value currencies evokes different views from the Economist and the Financial Times.

Nov 18, 2016

Demonetisation: Election Commission asks Finance Ministry not to use indelible ink in banks

The Centre has taken this decision to ensure that black money hoarders do not use other people to get their currency notes exchanged or deposited.

Nov 18, 2016

President Reuven Rivlin's visit: Israel wants FTA with India to increase bilateral trade

On his first visit to India, Israeli President Reuven Rivlin visited PM Narendra Modi and president Pranab Mukherjee.

Nov 18, 2016

Demonetisation: Now, you can get Rs 2,000 cash at 2,500 petrol pumps with SBI tie-up

Up to Rs 2,000 per person per day can be dispensed against swiping of debit card at select petrol pumps.

Nov 18, 2016

Demonetisation row: New notes will take six months to recirculate into economy, not fifty days, says eminent economist

The reason is due to the limited capacity of the printing presses in the country for such a sudden, huge job.

Nov 17, 2016

Singapore is seeking London's FinTech talents after Brexit

The city-state aims to become a leading FinTech hub and is developing talent and building a dedicated research centre to that end.

Nov 17, 2016

Evening wrap: Kejriwal and Mamata on demonetisation, Mallika Sherawat attacked, Jio SIM home delivery and more

Read about Twitter suspending account of White supremacists, and Isis losing key supply line in Iraq.

Nov 17, 2016

Arun Jaitley contradicts finmin bureaucrat Shaktikanta Das, says Rs 1,000 note not on cards

Last Thursday, senior bureaucrat Shaktikanta Das had said new Rs 1,000 note with enhanced security features will be brought soon.

Nov 17, 2016

Is the govt planning to demonetise Rs 50 and Rs 100 notes too?

Jaitley also said that around 22,500 ATMs were being recalibrated on Thursday to be able to dispense new currency notes.

Nov 17, 2016

Medical tourism in India to grow at 20-25% over next 5 years: Nomura

Rising internationally accredited healthcare facilities and lower costs are boosting medical tourism in India, Nomura said in a report.

Nov 17, 2016

Iran overtakes Saudi Arabia as top oil supplier to India

India's oil imports from Iran have shot up this year after those sanctions were lifted in January.

Nov 17, 2016

Income tax authorities to impose 200% penalty on any "abnormal" rise in income

The government will review any high-value cash deposits and match them with the income tax return filed by the person and scrutinize in case of any mismatch.

Nov 17, 2016