Economy News

Demonetisation: ATM cash withdrawal limit increased to Rs 4,500 per day; weekly limit remains unchanged at Rs 24,000

The RBI said that the limit on cash withdrawals would be in place until there is sufficient supply of new notes in the banking system.

Dec 31, 2016

7th Pay Commission: Railway employees remind PM Modi about pension scheme, multiplier factor, salary

Railway employees want exemption from National Pension Scheme and implementation of "assurances" on multiplier factor in context of 7th pay commission proposals.

Dec 30, 2016

Digital India: Interesting trends emerge in push towards cashless economy

The push towards digital economy, or cashless economy, is not a runaway success, says Motilal Oswal Securities Ltd.

Dec 30, 2016

Are these new Rs 1,000 currency notes real or fake? [PHOTO]

Here is a comprehensive study on the images of the new green Rs 1,000 currency notes being circulated on social media.

Dec 30, 2016

China smartphone outlook 2017: Trend bullish; Huawei, Oppo and Vivo seen as top gainers

Chinese smartphone makers such as Huawei, Oppo and Vivo are poised to make the most out of the country's smartphone market and also abroad.

Dec 30, 2016

Railway reservations go increasingly cashless, employees could be rendered jobless

Railway Minister Suresh Prabhu says 75.18 percent of ticket reservations, and 95.86 percent freight business are driving less-cash economy.

Dec 29, 2016

Lucknow Metro: Centre releases additional Rs 250 crore ahead of UP assembly elections

On December 1, UP Chief Minister Akhilesh Yadav had flagged trial run of Lucknow Metro; stakes are high for BJP and SP in Uttar Pradesh.

Dec 29, 2016

Cash crunch after demonetisation could end soon: New Rs 500 notes now seemingly available in ATMs in Bangalore

Check ATMs near you and let us know if you managed to lay your hands on the new Rs 500 notes.

Dec 29, 2016

Demonetisation riches: World's fastest-growing economy likely to land $15 billion windfall

Estimates by analysts say PM Modi's demonetisation could result in 'special dividend' of Rs 1 lakh crore ($15 billion).

Dec 29, 2016

PM Narendra Modi may address nation on demonetisation before new year

Narendra Modi is expected to speak about the next steps being contemplated by his government after demonetisation.

Dec 29, 2016

NSE IPO: Exchange files papers to raise Rs 10,000 crore in mega public offering

Existing shareholders may offload as much as 20-25 percent shares in the IPO that could value NSE at worth Rs 50,000 crore-Rs 55,000 crore.

Dec 28, 2016

Indians should get used to less cash, say experts

The view within the government and outside is that India's cash-to-GDP ratio of 13 percent is very high and needs to be brought down.

Dec 28, 2016

Flights from Dubai to India: UAE wants more, India says only if you give our carriers more slots

Additional flights from Dubai will be allowed only if Indian carriers get more slots.

Dec 28, 2016

Demonetisation: Robbers increasingly turning to gold heists as currency notes promise lower yield

Gold robberies have been reported from various parts of India, with jewellery stores and financial institutions providing gold loans being targeted.

Dec 28, 2016

Saudi Arabia budget: Here is why 3 million Indians living there should worry

Budget 2017 envisages levying fees on expats and companies employing them; revenues set to rise for Saudi Arabia, thanks to OPEC decision.

Dec 28, 2016