Economy News

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7th Pay Commission: Central govt employees want Modi govt to act fast on raising HRA, other allowances

While seeking a quick decision on HRA, Central government employees want a higher rate than recommended by the 7th pay commission.

Apr 4, 2017

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Two charts that explain trends of Indian economy over past 12 months

Data compiled by brokerage Motilal Oswal Securities for the 12-month duration ending February 2017, during which the economy witnessed signficant developments, show mixed macroeconomic trends.

Apr 4, 2017

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Move to introduce Rs 200 note comes even as demand for cash is falling

Statistics analysed by an SBI economist say that the demand for cash among Indians is gradually declining even as RBI "approves" introduction of Rs 200 note.

Apr 4, 2017

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Demonetisation blues fail to dampen tax collection for FY2017; exceeds estimates

The Modi government ended FY2017 with total tax revenues of Rs 17.10 lakh crore as against revised estimates of Rs 16.97 lakh crore.

Apr 4, 2017

Donald Trump puts American workers first! Cracks down on misuse of H-1B visas

The Donald Trump administration has cracked down on the misuse of H-1B visas so that American workers who are as qualified and deserving as foreign workers are not discriminated.

Apr 4, 2017

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Weekly cash withdrawals fall sharply in the past three months

The RBI had completely removed limits imposed on cash withdrawals, with effect from March 13, 2017.

Apr 3, 2017

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With TPP gone, Regional Comprehensive Economic Partnership is now more urgent: Malaysian PM Najib Razak

Malaysian PM Najib Razak was speaking at an event jointly organised by Assocham, Ficci and the Malaysian Investment Development Authority on Monday.

Apr 3, 2017

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Supreme Court liquor ban could hit 1 million jobs

The decision to ban liquor outlets on national and state highways by the Supreme Court has many flip sides.

Apr 3, 2017

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Indian Railways: Passenger earnings for FY2017 fall short of budget

As against the budget estimates of Rs 51,012 crore, the Indian Railways earned about Rs 48,000 crore.

Apr 3, 2017

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India factory activity at five-month high in March: PMI data

The Nikkei Manufacturing Purchasing Managers' Index rose for the third month in a row for March.

Apr 3, 2017

Modi meets Malaysian PM Najib Razak; 7 pacts signed

India and Malaysia signed seven agreements, including in the areas of civil aviation and human resources development, following delegation-level bilateral talks in New Delhi.

Apr 1, 2017