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Economy News

Nitin Gadkari

Bharatmala project: Road transport ministry seeks additional Rs 25,000 crore to decongest cities' traffic

With the Rs 25,000 additional fund the ministry also proposed to offer financial aid to states to procure electric bus and personal rapid transport initiatives. Dec 27, 2017
GST

Fiscal woes may worsen as GST collections fell to lowest in November

The decline in tax collection will amplify the Centre's fiscal concerns ahead of the Union Budget, scheduled for February next. Dec 27, 2017
Prime Minister Narendra Modi

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

It will be the first time that the Indian economy will catch up and overtake the UK and France. Dec 27, 2017
GST

November 2017 GST collection falls for 2nd month to Rs 80,808 crore

The total revenue collected under the GST kept falling for the second straight month to Rs 80,808 crore in November from Rs 83,346 crore in October. Dec 26, 2017
AC locals

India gets first AC local: 7 things to know about train flagged off in Mumbai

Here are 7 things you must know about India's first AC local, which was flagged off in Mumbai. Dec 25, 2017
Roland Folger

India's plan to go all-electric with cars by 2030 'not viable,' impedes better technology: Mercedes India chief

Mercedes-Benz Managing Director and Chief Executive Roland Folger has said India's plan for all-electric cars by 2030 may be too short-sighted. Dec 24, 2017
parliament, monsoon session, lok sabha, rajya sabha, gst, cattle, bjp, congress, pm modi, arun jaitley

3 landmark economic reforms introduced in India in 2017

World Bank president Jim Yong Kim said the economic reforms undertaken by the government are 'significant'. Dec 24, 2017
Subramanian Swamy

'Quarterly GDP data are all bogus': Modi govt pressurised CSO to give out good data, claims Swamy

"Please do not go by the quarterly (GDP) data; they are all bogus," Swamy said. Dec 24, 2017
arun jaitley, jaitley to meet bankers on 12 june, psu banks npas, bad loans, npa ordinance, gst implementation, it minister to meet head honchos

Unemployment pushes education loan defaults to rise 47 percent in just a year

For at least five lenders, the stock of bad loans has more than doubled, with UCO Bank and Indian Bank leading the pack. Dec 23, 2017
bank, banks, atm, cash, note ban, demonetisation, modi govt, no cash, rbi, bank deposits

IMF, RBI raise risk concerns in India's banking system, suggest privatisation of weaker PSBs

In the reports the institutions urged Indian government to consider diluting stakes in weak public sector banks (PSBs) rather than merging them with stronger banks. Dec 22, 2017
Arun Jaitley

India's 'new normal' growth rate is 7-8%, says Finance Minister Arun Jaitley

If India grows at 7-8 percent in 2018 as expected by the government, it might snatch back its title of the fastest growing major economy in the world. Dec 22, 2017
trump modi

Higher visa fees and HR 170 Bill add to woes of Indian IT companies

"The US government's immigration policy is creating an artificial distinction between one company and another," said R Chandrashekhar, president of NASSCOM. Dec 22, 2017
Top 10% earners have 56% of India's wealth

Top 10% earners have 56% of India's wealth: Report [VIDEO]

India's list of billionaires went from 1 to 132 in the last 3 decades. All this while, the country continues to remain the home to world largest population of malnourished children and poor people. Dec 21, 2017
steel production in india, steel production japan, steel exports by india, steel imports by india, india news, steel, tata steel, factory, iip, indian economy, gdp

Indicators for November signal rebound in industrial growth, says ICRA

The Indian economy report shows auto production on a year-on-year basis surged to a 38-month high, 19 percent in November from 2.2 percent in October this year. Dec 21, 2017
Reserve Bank of India

RBI worried over risks to inflation, fiscal uncertainty; don't expect rate cut in near future

The monetary policy committee (MPC) members are concerned about rising crude oil prices, fiscal slippage for the ongoing financial year and rising inflationary expectations of households. Dec 21, 2017
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