Economy News

Economic Survey 2016 spoke of 'implicit subsidy'; do you remember the amount?

The Economic Survey for 2015-16 (Economic Survey 2016) had insights on "implicit subsidy" on gold, LPG, PPF, rail fare and electricity.

Jan 30, 2017

January car sales preview: Maruti Suzuki, Tata Motors likely do well, says Nirmal Bang, on eve of Budget 2017

Maruti Suzuki, Renault, Hero Motocorp, Bajaj Auto, TVS, Hyundai will be reporting their January car sales on February 1, coinciding with Budget 2017.

Jan 30, 2017

Donald Trump's immigration ban: Here's how US tech industry leaders reacted

In an executive order last week, Trump banned the entry of citizens from seven Muslim countries to "keep radical Islamic terrorists" out of America.

Jan 30, 2017

Budget to chart stock market's direction in action-packed week ahead

Amid consensus of a populist Budget, markets do expect the finance minister to walk the self-committed fiscal consolidation path for FY2017-18.

Jan 29, 2017

Area sown under Rabi crops rises bucking demonetisation

The Agriculture Ministry's data primarily substantiates the perception that demonetisation may not have had an immediate impact on agriculture.

Jan 29, 2017

Two coastal economic zones to be set up in Andhra Pradesh for Rs 20,000 crore

The two zones – Srikakulam to Vijayawada and Vijayawada to Nellore – will be created under the ambitious Sagarmala project.

Jan 29, 2017

India Post Payments Bank gets RBI licence to commercially start services

So far, only Paytm and Airtel have launched their payments bank commercial operations across India.

Jan 29, 2017

Budget 2017: Health care costs may rise if so far untaxable services are brought under GST

Jaitley should also raise tax exemptions under 80-D and announce a health care infrastructure fund, an Assocham-TechSci paper says.

Jan 27, 2017

India to overtake China as the largest growth market for energy by 2030

Among BRICS countries, India's share of global energy demand would increase to 9% by 2035, the second-largest after China at 26%

Jan 27, 2017

Andhra Pradesh special status: Protests fuelled by Pawan Kalyan, Jagan Mohan Reddy gather momentum

Jana Sena leader and Sardaar Gabbar Singh star Pawan Kalyan seems to be spearheading the protests demanding special category status for Andhra Pradesh.

Jan 26, 2017

India US trade relations: Visa restrictions and remittances, not trade dynamics cause for concern

Trade surplus India has with US is not so high, but the impact on IT companies and remittances by NRIs due to possible curbs on H1B visa should worry.

Jan 25, 2017

BRICS bank NDB aims to increase lending to $10 billion in 6-7 years

Last year, NDB's board approved seven investment projects worth $1.5 billion, including two projects of $600 million for India.

Jan 24, 2017

7th Pay Commission: EC's order on Budget 2017 could bring cheer to Central govt employees

The EC's order on Budget 2017 could raise hopes of Central government employees seeking allowances hike as proposed by the 7th pay commission.

Jan 24, 2017

Republic Day chief guest Abu Dhabi Crown Prince Al-Nahyan set to arrive in India on second official visit

A significant aspect of the Prince's presence would be the participation of a military contingent from the UAE that will march during the Republic Day parade.

Jan 24, 2017

RBI resorts to ethical hacking to test Indian banks' cyber vulnerabilities

During the first phase of the test, the RBI will focus on PSU banks that are understood to be more susceptible than private banks.

Jan 23, 2017