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Economy News

Kim Jong-un

Here is why US-North Korea tension is not good for Indian economy

Data analytics firm Statista revealed that North Korea imported as much as 85 percent of its goods worth around Rs 22,555 crore (USD 3.47 billion) from China in 2015. Aug 17, 2017
Metro

Here's how private players will benefit from Centre's new metro policy

The policy came up with a major change, as it shifts from existing financial rate of return to economic rate of return. Aug 17, 2017
Piyush Goyal

India may use LED for all lights by 2019, will save Rs 40,000 crore each year

Energy Efficiency Services Ltd (EESL) shook hands with Indian oil companies for selling its LED bulbs, tubelights and fans at more than 54,500 petrol pumps. Aug 17, 2017
bank, banks, atm, cash, note ban, demonetisation, modi govt, no cash, rbi, bank deposits

Are ATMs being driven to extinction? Demonetisation, digitisation have the answer

Are demonetisation and digitisation driving ATMs to extinction with an increase in cashless transactions? Read to know more. Aug 16, 2017
piyush goyal, modi ministers, coal minister, power minister, solar power, wind energy, bjp, nda, 3 years of modi govt

Modi govt plans to double nuclear power capacity to 14K MW: Piyush Goyal

Earlier in May, the Union Cabinet had approved the setting up of 10 indigenous Pressurised Heavy Water Reactors (PHWRs) for nuclear power generation. Aug 15, 2017
SEBI

Cracking 'shells': Can Sebi bring Launderers Anonymous to book with sheer zeal?

SEBI and investors face uncertain tides as the market regulator weeds out shell firms in the corporate ocean. Aug 14, 2017
Reliance KG-D6

RIL, BP to submit revised investment plan for KG-D6 gas finds

The government had in 2012 approved a $1.529-billion plan to produce 10.36 million standard cubic meters per day of gas from four satellite fields of KG-D6 by 2016-17. Aug 14, 2017
RBI

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks. Aug 14, 2017
Nathu La

Has Doklam standoff failed to dampen Indo-China trade relations? Chinese imports to India rise 33%

Even as New Delhi and Beijing are sparring over the Doklam plateau, Chinese imports to India have increased 33 percent in the April-June quarter over the same period last year. Aug 14, 2017
PAN card, PAN Aadhaar link

More than 93 million PAN cards linked with Aadhaar, last date is August 31

Nearly 30 crore PAN-Aadhaar linkages were done in June and July. The number is expected to increase as Income Tax Returns will not be processed until the linkage of the two unique numbers is done. Aug 14, 2017
Gold

No rain checks: Monsoon, restocking jewellers will perk up gold imports

Import growth could taper off in coming months as jewellers restocked earlier than usual this year, fearing higher taxes. Aug 13, 2017
ongc share price results bonus hpcl bpcl ioc energy oil marketing psus production exploration dividend interim performance financial q2 sensex bse nse nifty

Strategic change: Divestment of PSUs can be a logical move

NITI Aayog has recommended a strategic sale in over 40 PSUs and outright closure of 26 sick PSUs Aug 13, 2017
Deposits under PMJDY

DeMo memo: Rs 1.7 trillion in 'unusual cash' deposits was detected, says RBI paper

"Excess" deposits accrued to the banking system driven by demonetization are in the range of about Rs 2.8-4.3 trillion. Aug 12, 2017
Tamil Nadu Farmers

Surging farm loan waivers will cut GDP by 1.1 lakh crore; set to reduce farmer suicides

Surging farm loan waivers will cut GDP by 1.1lakh crore but will increase net wealth of farm households. Aug 12, 2017
GDP

Achieving 7.5% GDP growth in FY '18 difficult: Economic Survey 2017

The survey noted that farm loan waivers could reduce aggregate demand by as much as 0.7 percent of gross domestic product (GDP), imparting a significant deflationary shock to the economy. Aug 11, 2017
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