Economy News

India may be one of the top 20 FDI sources in 2021, a UN report says.

World-beating India Inc may be a top-20 global FDI source by 2021: UN panel

Indian companies invested $11 billion overseas in 2018 and the figure is likely to go up this year putting India among the top-most FDI sources for the global economy, according to a UNCTAD report

Jun 14, 2019

maymyindia, eloc, digital mapping, safety apps for women, digital economy, digital india, 6 digit code eloc

Digital India gets praise from UN panel for focusing on economic inclusion

UN secretary general-appointed panel co-chaired by Melinda Gates and Jack Ma mirrors PM Modi's push for an inclusive digital economy.

Jun 14, 2019

Govt's precedence must include farmers' prosperity: ICFA

Growth, sustainability and farmers income was the prime focus in the consultation meeting of ICFA in New Delhi on June 12.

Jun 13, 2019

Yes Bank's ratings under review by Moody's

There will be a possible downgrade in the ratings of Yes Bank due to its exposures in debt-ridden sectors like NBFC and HFC.

Jun 12, 2019

Will Sitharaman cross lines of control to bomb ease of doing business hurdles?

Prime Minister Narendra Modi's biggest task is to bring India on par with China on ease of doing business index and Sitharaman is his best bet for the task.

Jun 12, 2019

Raghuram Rajan top contender for the post of Bank of England chief

The former RBI chief has an impeccable record while serving at multiple economic institutions during his career as an economist.

Jun 12, 2019

Does Sitharaman's 'surgical strike' show PM Modi's displeasure over Jaitley's term?

Poll-bound PM Modi's worst headaches were the departments under the finance ministry that churned out contradictory data on the state of the economy exposing the government to relentless opposition fire.

Jun 11, 2019

Who's going to bell the cat and tackle India's sprinting unemployment tempo?

India is struggling with severe unemployment problem but there is a negligible response from the elected leader and accountability from the government.

Jun 11, 2019

india wind power tariff, india wind energy, india solar energy, solar parks in india, re projects, piyush goyal, modi govt, india news

Debt-ridden Suzlon faces loan repayment default even as shares nosedive

Suzlon's losses have increased from Rs 384 crore in 2018 to Rs 1537 crore in 2019. The company has a debt of about Rs 11,141 crore.

Jun 11, 2019

50% import tariff on Harley-Davidson in India unacceptable, says Trump

In February 2018, India had slashed the customs duty on imported motorcycles like Harley-Davidson to 50 per cent after the US threatened to impose retaliatory taxes.

Jun 11, 2019

NSE IPO, national stock exchange ipo, NSE Mumbai, stock market india

TCS overtakes IBM in market capitalisation

As of Monday's closing, the market cap of TCS stood at Rs 8.36 lakh crore on NSE whereas IBM was stable at Rs 8.31 lakh crore.

Jun 11, 2019

note, cash, note ban, investment, mf, mutual fund, mutual funds, uti equity fund, demonetisation, rbi, atm, tax collection

Govt plans to introduce 3-5% tax on cash withdrawal of Rs 10 lakh a year

In order to push digital transaction, the Reserve Bank of India has removed the transaction fee imposed on banks for using its NEFT/RTGS payment servers earlier this week.

Jun 11, 2019