Economy News

7th Pay Commission: Gujarat govt announces massive salary hike for fixed-pay employees

There are about 1.19 lakh fixed-pay Gujarat government employees and they are set to get a huge increase with implementation of the 7th Pay Commission proposals.

Jan 20, 2017

China growth slows down to 6.7% in CY2016

The drop in China's growth rate in CY 2016 is a cause for concern since it is the second-biggest importer of both goods and commercial services globally.

Jan 20, 2017

Cooperative banks 'seriously tampered' cash records for money laundering, says I-T Dept

The I-T Department has informed the RBI that its investigation revealed illegal malpractices being deployed by such banks to the tune of multi-crore rupees.

Jan 19, 2017

India Inc trimmed debt by Rs 95,000 crore in H1 this fiscal: SBI Ecowrap

Sales took a hit during April-September 2016 YoY but profit margins improved as a result of reduced debt.

Jan 19, 2017

Bombay Stock Exchange will see 36 firms delisted on January 20

The companies will now be shifted to BSE's dissemination board for a period of five years as per the Sebi guidelines. BSE is the world's largest bourse

Jan 19, 2017

Disclosure of property, jewelry and overseas account holdings not allowed in PMGKY tax amnesty scheme

The Central Board of Direct Taxes said only unaccounted domestic cash holding can be declared through the scheme.

Jan 19, 2017

India CV industry outlook FY2017: Pre-buying ahead of BS-IV emission norms to partially offset slump after note ban

Across the CV industry, medium and heavy commercial vehicle (M&HCV) segment is likely to register a marginal growth of 0-2 percent in FY2017 impacted by demonetisation.

Jan 18, 2017

Real Estate in Union budget 2017: 5 expectations that govt should address this financial year

Here are five expectations of the real estate sector that need to be addressed in the union budget 2017-18.

Jan 18, 2017

RBI governor Urjit Patel keeps 1.30 billion Indians guessing on demonetisation

At a briefing before the Standing Committee on Finance panel on Wednesday, RBI chief Urjit Patel did not speak about banned notes returned.

Jan 18, 2017

Cabinet approves India-UAE maritime transport and highways pact

The agreement would also encourage the use of existing installations for waste disposal and enable shipping companies in India and UAE to enter into bilateral and multi-lateral arrangements

Jan 18, 2017

7th Pay Commission: Interesting insights by Mathur panel on salaries, allowances

The 7th Pay Commission, headed by Justice Ashok Kumar Mathur, also received some rare feedback from Central government employees.

Jan 18, 2017

Cabinet clears public listing of 5 state-run general insurance companies

New India Assurance Co, United India Insurance, Oriental Insurance, National Insurance Company and General Insurance Corp would be publicly listed.

Jan 18, 2017

Black money purge: Demonetisation not a cure, says Assocham

Tendering high-value currency notes illegal can do little about the ill-gotten wealth converted into assets like gold and real estate, Assocham said in a study.

Jan 18, 2017

Bengaluru ranked 'most dynamic city' in the world

Hyderabad (ranked fifth) is the only other Indian city besides Bengaluru which has found a place in the top 10. Among the next 20 cities, Pune is at 13 while Chennai at 17.

Jan 18, 2017

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