Economy News

45 companies to bid for India's first mega coastal economic zone

The first mega CEZ will stretch from Nashik, Thane, Mumbai, Pune and Raigarh.

Nov 16, 2017

Restaurants agree to lower GST rate, but menu prices may rise

Earlier, the tax rate was 18 percent for air-conditioned restaurants and 12 percent for non-air-conditioned eateries.

Nov 16, 2017

India beats US and China on farmland: Report

The US Geological Survey shows global farmland totals 1.87 billion hectares (4.62 billion acres), which is about 15 to 20 percent higher than earlier projections.

Nov 15, 2017

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For bank recapitalisation, Modi govt wants special dividend from RBI

The RBI has been asked if it can pay a special dividend, apart from the yearly surplus that it pays the Centre.

Nov 15, 2017

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Vegetables get dearer as wholesale inflation hits 6-month high of 3.59%

Fuel inflation has remained high for the past three-four months as petrol and diesel prices continued to rally high due to surge in global crude prisce.

Nov 14, 2017

Centre to revamp Make in India to create jobs and boost GDP

The government will focus on high potential sectors like leather, textiles and garments, engineering, pharmaceuticals and automobiles to create jobs.

Nov 14, 2017

India's October retail inflation touches 7-month high

India's annual consumer inflation in October increased to 3.58 percent from a year earlier, government data showed on Monday.

Nov 14, 2017

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FMCG companies set to reduce prices after GST rate cut; but benefits unlikely to reach consumers soon

Firms like Hindustan Unilever, Dabur, Amul, GlaxoSmithKline (GSK), Procter & Gamble, Nestle and Perfetti Van Melle said they have either decided to cut down prices or are planning to do so.

Nov 13, 2017

10 railway stations to have airport-like facilities by 2020

Redevelopment will be in core infrastructure like platforms, lounges, ticketing counters, parking and other facilities.

Nov 13, 2017

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Govt plans to create jobs by training barefoot entrepreneurs

The Ministry of Skill Development and Entrepreneurship has selected Chhapra in Bihar to launch the project.

Nov 13, 2017

GST caused temporary slowdown, India poised to recover: Assocham

India is poised on the threshold of sustainable growth despite GST hiccups, says Assocham. Read to know more.

Nov 12, 2017

Chinese economy on the verge of collapse, requires thorough reforms: Central bank governor

Zhou Xiaochuan, governor of People's Bank of China, said that China's economy is currently very vulnerable due to the large amounts of borrowed capital.

Nov 11, 2017

India-China should join hands for better trade, says Alibaba even as calls to boycott Chinese goods get louder

Alibaba chairman Benny Chen said that India is important to the region in terms of trade and the neighbouring nation was the next big thing for numerous Chinese firms.

Nov 11, 2017

China to allow foreign players to hold majority stake in finance sector

Previously the investment from foreign players in this sector was capped at 25 percent. Market experts said that the announcement was good news for foreign banks.

Nov 10, 2017

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Upward move of crude oil price could hurt Modi's future moves

According to the Reserve Bank of India (RBI) estimates, if oil price hits high or even stays at the current level of $65 per barrel in the year through March, inflation could rise by 30 basis points.

Nov 10, 2017