Economy News

India's economic growth to take a hit over demonetisation drive: India Ratings

Segments, such as real estate, gold and the informal sector, where cash transactions play a big role will bear the maximum brunt.

Nov 11, 2016

How stronger ties will help India, Japan encircle 'the pivot of Asia'

Narendra Modi is on a two-day visit to Japan to hold talks with PM Shinzo Abe on a range of topics, including trade and defence.

Nov 11, 2016

Rs 500 and Rs 1,000 notes scrapped: With ATMs not functioning, RBI urges people to be patient

The ATMs were expected to open after two days on Friday.

Nov 11, 2016

Govt announces new levy; domestic airfares to rise

The levy has been imposed for funding the regional air connectivity scheme.

Nov 11, 2016

Indian rupee falls sharply against US dollar amid domestic, global headwinds

Outflows by FIIs, rising demand and prospects of interest rate hike by Donald Trump trigger fall in rupee against US dollar.

Nov 11, 2016

Narendra Modi in Japan: Want to make India the 'most open economy' in the world

PM Modi also said that Asia has emerged as a new centre of global growth due to competitive manufacturing and expanding market.

Nov 11, 2016

Gujarat tops list of searches for 'How to convert black money into white money' on Google

Mumbai and Haryana followed Gujarat with searches on Google about how to convert black money into white money after the crackdown on higher denomination notes.

Nov 10, 2016

Modi Govt allays tax fears of small traders, households over cash deposits

The economic affairs secretary clarified that no one should worry about small deposits and that only bigger cash deposits will be looked into.

Nov 10, 2016

India: After effects of demonetisation of high value currency notes

Hundreds of Indian banks reopened on 10 November and are finding it difficult to tackle the huge crowd that has queued up to exchange the defunct currency notes. The banks and ATMs were shut for a day to stock up the new currency denominations after Prime Minister Narendra Modi’s government withdrew the 500 and 1,000 rupee bank notes earlier this week.

Nov 10, 2016

How Snapdeal addresses cash-on-delivery woes after Rs 500, Rs 1,000 currency ban in India

Snapdeal and FreeCharge introduce Wallet-on-Delivery to fight Cash-on-Delivery challenges.

Nov 10, 2016

Rs 500, Rs 1000 currency notes banned: Major fintech companies show support

Here are the responses from major tech companies following the scrapping of Rs 500 and Rs 1,000.

Nov 10, 2016

Rs 500 and Rs 1,000 notes scrapped: Restless people queue up in droves as banks open

While most people waited patiently, some got restless and made the task of bank officials a little more difficult.

Nov 10, 2016

Certain features of (old) Rs 500, Rs 1,000 notes had been compromised: Report

"The supplier of raw currency, the ink and the silver thread is same for India and Pakistan," a security officials tells a newspaper.

Nov 10, 2016

UPDATES: 'Rs 500 and 1000 notes may have an impact on elections,' says Defence Minister Manohar Parrikar

A PIL has been filed in the High Court of Judicature in Hyderabad challenging the government's decision to demonetise Rs 500 and 1,000 notes.

Nov 10, 2016

New Rs 500 and Rs 1,000 notes to have special features: Economic Affairs Secretary Shaktikanta Das

"In the next few months, Rs 1,000 notes will be brought in with a new dimension and design," Das said.

Nov 10, 2016