Economy News

ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account.

Jan 16, 2017

Despite note ban, Indian consumers are most optimistic in Asia-Pacific: Mastercard Survey

After India, Myanmar, Vietnam and the Philippines also remain extremely optimistic in their outlook. Singapore, Taiwan and Malaysia were, however, among the most pessimistic.

Jan 16, 2017

India's richest 1% hold a huge 58% of the country's total wealth: Oxfam

Globally, just eight men – six Americans, one Mexican and one Spanish – own the same amount of wealth as the poorest half of the world's population.

Jan 16, 2017

7th Pay Commission: Good news for autonomous bodies as government may give them salary hike, but with conditions

The finance ministry has also made arrangements for those autonomous body employees who do not meet these criteria to get salaries as per the revised pay scale.

Jan 16, 2017

Automation: How new age machine will replace you and which sectors will be hit hard

Though automation may raise global growth by 0.8 to 1.4% annually, it will impact jobs in labour-intensive sectors in China, India and other developed countries.

Jan 15, 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good.

Jan 15, 2017

Sebi allows mutual funds to invest in REITs and InvITs, but with strict riders

The market regulator also allowed celebrity endorsements of mutual funds at an industry level, but not a particular scheme or as a branding exercise of a mutual fund house.

Jan 15, 2017

Demand in India's consumer electricals sector likely to revive in 3-4 months: Nirmal Bang

Footfalls have rebounded to around 70% of the pre-demonetisation level compared with only 20% in November last year, according to the brokerage.

Jan 14, 2017

India's exports rise 6% in December; trade deficit shrinks sharply

December trade update: Exports up $23.88 billion, imports $34.25 billion, gold imports down 48 percent, trade deficit at $10.3 billion

Jan 13, 2017

India: December inflation, November factory output (IIP) suggest gloom, not cheer for Modi Govt

Inflation fall was mainly due to persisting demonetisation woes while factory output (IIP) indicates disturbing trend at a cumulative level.

Jan 13, 2017

Demonetisation is a Black Swan moment for Digital India, says IAMAI president Subho Ray

Subho Ray, President of IAMAI, on Digital India after demonetisation and his wish list from Budget 2017: an exclusive interview

Jan 13, 2017

India to have more jobless in 2017-18: UN report

However, unemployment is expected to fall in 2017-18 in developed countries – especially in Europe, the US and Canada.

Jan 13, 2017

Global IT spending to grow at muted 2.7% in 2017 due to political headwinds

However, emerging markets will drive a rebound in spending on devices like PCs and smartphones in 2018, research firm Gartner said in a report.

Jan 13, 2017

Corruption Perception Index for 2016 to be released on January 25; India's ranking will be keenly watched

Berlin-based Transparency International's Corruption Perception Index (CPI) ranks countries on the basis of surveys and assessments.

Jan 12, 2017

Cigarette smoking costs $1 trillion annually says WHO; India has second-largest number of smokers

The combined costs of healthcare expenditure and lost productivity is about $1 trillion every year, says World Health Organisation (WHO).

Jan 12, 2017