Economy News

Brexit: Here is the 12-point plan British PM Theresa May laid out for UK leaving the EU

British PM Theresa May warned that she would not tolerate 'opposition for opposition's sake' when time came for the Brexit deal to be negotiated

Jan 17, 2017

Domestic Air Traffic: How IndiGo, Jet Airways, SpiceJet, GoAir, Air India, others performed in December

IndiGo continued to lead as the largest carrier with a market share of 40.3 percent in December 2016.

Jan 17, 2017

Demonetisation did not affect foreign tourist arrivals in December

Foreign tourist arrivals (FTAs) into India rose 13.6 percent YoY in December 2016, the first full month after demonetisation decision by PM Modi.

Jan 17, 2017

India's oil demand growth rate continues to outpace China's for third successive year

Analysts opine that gains in oil demand from manufacturing-led Make in India initiative will more than offset the negative impact of the note ban.

Jan 17, 2017

Budget 2017: Preview of Modi Govt's finances by BofA Merrill Lynch

The BofA Merrill Lynch Global Research report says impact of 7th pay commission proposals, PSU bank recapitalisation, fiscal deficit hold key.

Jan 17, 2017

IMF bumps up US and China growth outlook, downgrades India on note ban

Donald Trump's promised plans to cut taxes and boost infrastructure spending is expected to boost US growth in 2017 and 2018, the IMF said.

Jan 17, 2017

GST Council resolves dual control issue; July 1, 2017 rollout looks realistic

At its ninth meeting on Monday, the GST Council chaired by Finance Minister Arun Jaitley tackled the issue of dual control for assessment.

Jan 17, 2017

RBI increases ATM withdrawal limit to Rs 10,000 per card per day

The limit on withdrawal from current accounts has also been increased to Rs 1 lakh per week.

Jan 16, 2017

Budget 2017: Higher likelihood of repo rate cut in February if govt sticks to fiscal consolidation, says ICRA economist

However, economist Aditi Nayar added that the room for incremental rate cuts would be limited to 25 bps over next six months.

Jan 16, 2017

ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account.

Jan 16, 2017

Despite note ban, Indian consumers are most optimistic in Asia-Pacific: Mastercard Survey

After India, Myanmar, Vietnam and the Philippines also remain extremely optimistic in their outlook. Singapore, Taiwan and Malaysia were, however, among the most pessimistic.

Jan 16, 2017

India's richest 1% hold a huge 58% of the country's total wealth: Oxfam

Globally, just eight men – six Americans, one Mexican and one Spanish – own the same amount of wealth as the poorest half of the world's population.

Jan 16, 2017

7th Pay Commission: Good news for autonomous bodies as government may give them salary hike, but with conditions

The finance ministry has also made arrangements for those autonomous body employees who do not meet these criteria to get salaries as per the revised pay scale.

Jan 16, 2017

Automation: How new age machine will replace you and which sectors will be hit hard

Though automation may raise global growth by 0.8 to 1.4% annually, it will impact jobs in labour-intensive sectors in China, India and other developed countries.

Jan 15, 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good.

Jan 15, 2017