Economy News

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GST impact to slowdown India's 2017-18 GDP growth to 6.5%

Implementation of GST and subsequent slowdown in the manufacturing sector is expected to drag down India's growth to 6.5 percent in 2017-18.

Jan 5, 2018

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Good news for SBI customers as bank mulls reducing minimum balance requirement for savings accounts

The State Bank of India is planning to cut down its minimum balance requirement for the savings account.

Jan 5, 2018

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Income-Tax relief: Section 80C limit to go up to Rs 2 lakh in Union Budget 2018?

Arun Jaitley may increase section 80C investments limit to Rs. 2 lakh in the Union Budget 2018.

Jan 4, 2018

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New Rs 10 notes to have chocolate brown colour base, flash Konark Sun Temple

New notes of the denomination of Rs 10 will soon be rolled out in India. The new notes will have chocolate brown colour as the base.

Jan 4, 2018

#RailFail trends on Twitter after average rail fare price hike

#RailFail trended on Twitter on 2 January as many people returned to work after the Christmas holidays, only to discover average rail fares across the UK had gone up by 3.4%. The price rise is the biggest increase since 2013, resulting in protests at 40 stations across the U.K.

Jan 2, 2018

Factory activity expands at fastest pace in 5 years in December: PMI

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 54.7 in December from November's 52.6, marking its fifth straight month above the 50 level that separates expansion from contraction.

Jan 2, 2018

Fund allocation for school education could increase by up to 14% in Budget 2018-19

The government's financial constraints will make it difficult for them to spend aggressively or increase budgetary allocation in a large way.

Jan 2, 2018

India to see $50 bn mergers and acquisitions in 2018: Assocham

The forecast in 2018 was picked by Assocham Year Ahead Outlook from the trends in 2017 when India's M&A transactions witnessed a quantum jump of 170 per cent in valuations and over 70 per cent in the number of transactions.

Jan 1, 2018

SBI cuts base rate to 8.65% to benefit retail borrowers

With this reduction from the earlier base rate of 8.95 percent, SBI's base rate has become the lowest among commercial banks, coming as a relief to its many retail borrowers, particularly of home and student loans.

Jan 1, 2018

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A flashback to 5 major economic events in 2017

Besides the implementation of demonetisation and Goods and Services Tax (GST), read to know the other major economic events that India witnessed in 2017.

Dec 30, 2017

Electronic goods made in India exceeds imports for the first time in 2016-17

Domestic manufacturing has gained momentum and witnessed a strong growth over the past three financial years.

Dec 30, 2017

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Modi govt overshoots full year fiscal deficit target of 3.2% in November itself

Data released by the Controller General of Accounts (CGA) revealed that during April to November period, government's fiscal deficit was 112 percent of its Rs 5.5 trillion budgetary target.

Dec 29, 2017

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Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

The report further stated that seasonal factors are expected to contribute to a shrinking of the current account deficit to below $5 billion in fourth quarter of fiscal 2018.

Dec 28, 2017

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Modi government to come up with banking reforms in New Year

"Reform agenda is the highest priority which has to be implemented along with capitalisation," said Financial Services Secretary Rajiv Kumar.

Dec 28, 2017

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Following the Centre's decision of borrowing, it is almost certain that the government will breach the fiscal deficit target this financial year, adversely affecting government's financials.

Dec 28, 2017

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Economy News

GST impact to slowdown India's 2017-18 GDP growth to 6.5%

Good news for SBI customers as bank mulls reducing minimum balance requirement for savings accounts

Income-Tax relief: Section 80C limit to go up to Rs 2 lakh in Union Budget 2018?

New Rs 10 notes to have chocolate brown colour base, flash Konark Sun Temple

#RailFail trends on Twitter after average rail fare price hike

Factory activity expands at fastest pace in 5 years in December: PMI

Fund allocation for school education could increase by up to 14% in Budget 2018-19

India to see $50 bn mergers and acquisitions in 2018: Assocham

SBI cuts base rate to 8.65% to benefit retail borrowers

A flashback to 5 major economic events in 2017

Electronic goods made in India exceeds imports for the first time in 2016-17

Modi govt overshoots full year fiscal deficit target of 3.2% in November itself

Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

Modi government to come up with banking reforms in New Year

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Kangana Ranaut's Dhaakad fails to pull in audience; theatres cancelling, replacing shows

More countries are putting food export controls in place

Netflix saw 3.6 mn service cancellations in US in Q1

K'taka draws highest FDI in last quarter, says CM Bommai

Global Covid caseload tops 525.5 mn, while India reports 2,022 fresh Covid cases and 46 deaths