Economy News

Who is Rajiv Kumar, new vice-chairman of NITI Aayog?

On Saturday, August 5, the Centre appointed Rajiv Kumar after Arvind Panagariya quit to pursue academic interests.

Aug 6, 2017

Arun Jaitley promises guidance notes on GST

Touted to be one of India's most ambitious economic reforms in 70 years, GST is said to eventually boost tax receipts and provide simplicity for businesses.

Aug 5, 2017

Rising rupee is a mixed bag for Indian economy

The Indian rupee closed at a two-year high against the US dollar on Friday.

Aug 5, 2017

Venezuela: Inauguration of constituent assembly sparks new protests

Venezuela has inaugurated the new legislative superbody elected last week. The 545-member constituent assembly has been condemned by governments across Latin America, the U.S. and EU. Opposition protesters clashed again with security forces in Caracas. They believe the assembly endangers Venezuelas democratic freedoms. The all-powerful body may decide to dissolve the opposition-run congress and will rewrite the constitution, giving the ruling Socialist Party vast new powers.

Aug 5, 2017

NBFCs outperform banks when it comes to managing bad loans

The bad loans, or NPAs of non-banking financial companies (NBFCs), are far lower than that of banks, especially state-owned.

Aug 5, 2017

Letting go, slowly: Govt to divest up to 25% stake in 4 defence firms via IPO floats

The government has so far sold equity in Hindustan Copper, Cochin Shipyard, HUDCO, L&T and the Dredging Corporation, among others.

Aug 4, 2017

Another case of 'Children Bank of India' fake notes dispensed from a private bank ATM in Mumbai [VIDEO]

The counterfeit Rs 2,000 notes were dispensed bearing 'Guaranteed by the Children's Government', 'Churan label', 'I promise to pay the bearer two thousand coupons' etc.

Aug 4, 2017

Rated tame: RBI behind curve on rate cuts, say frustrated Indian officials

Headline inflation reflects a structural shift, and is low enough to warrant more aggressive cuts, say senior govt officials.

Aug 3, 2017

Arun Jaitley defends SBI's decision to cut interest rate on savings account

All India Trinamool Congress (AITMC) lawmaker Derek O'Brien raised the issue through a Zero Hour mention.

Aug 3, 2017

GST woes: After manufacturing, services activity hits a new low in July

Both the PMI indices, manufacturing and services, slipped below the crucial threshold of 50 in July, says IHS Markit.

Aug 3, 2017

RBI cuts repo rate: Home loans won't be cheap

After the 25bps cut in the lending rate by the central bank, the cost of funds for the banking system is expected to come down further. The home loan borrowers should, therefore, get the advantage of lower EMIs.

Aug 2, 2017

India's job confidence is highest in Asia Pacific market; does it reflect the ground reality?

India's job confidence is highest in the Asia Pacific market according to Michael Page Job Applicant Confidence Index Q2 2017.

Aug 2, 2017

RBI Monetary Policy: Repo rate cut by 25 bps, policy stance neutral

Following the decision, the benchmark repo rate stands reduced to six percent from 6.25 percent. Accordingly, the reverse repo rate has been pegged down to 5.75 percent from previous six percent.

Aug 2, 2017

Sikkim standoff: How affected are Chinese firms in India amid calls of boycott?

How are Chinese firms doing in India amid calls for boycott of Chinese goods from various quarters? Find out.

Aug 2, 2017

Restructured bank loans fall in FY17: Report

The fall is significant when compared to the preceding two financial years.

Aug 1, 2017