Economy News

Defence budget increased to over Rs 3 lakh crore in 2019-20: Piyush Goyal

Presenting the Budget for 2019-20 in the Lok Sabha, Goyal also said Rs 35,000 crore has been given under OROP in the last three years.

Feb 1, 2019

It will be interim budget on Friday; hopes dashed for direct tax concessions

According to the convention, the government refrains from announcing any direct tax proposals in the interim budget that might require an amendment to the Income Tax Act

Jan 31, 2019

High-level exits cast shadow over Modi govt's statistical credibility

Resignation of remaining independent members leaves National Statistical Commission in limbo with only official members remaining

Jan 30, 2019

Union Budget FY20: Modi's reform zeal may dull in election overhang

Modi's priority will be to bring back rural voters after the massive swing that state elections saw, resulting in electoral pain for BJP

Jan 29, 2019

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Crude awakening: Chinese oil demand rebounds as independent refiners restock

Global benchmark Brent oil prices had fallen more than 30 percent to just above $50 a barrel by the end of 2018.

Jan 28, 2019

Will interim budget give a liquidity lifeline to realty sector?

Hundreds of housing projects across India are today stalled for want of funds, in turn driving down the real estate sentiment.

Jan 28, 2019

Banks sell bad debt at fire sale prices; it isn't good news for Modi

This development is bad news for Prime Minister Narendra Modi, who is keen to get banks lending more to stimulate the economy and create more jobs ahead of an election due by May this year.

Jan 28, 2019

Controversial Chinese app humiliates 'deadbeat debtors' publicly: Here's how

A Chinese province of Hebei has created an app that alerts users when they are within 500 meters of debt defaulters.

Jan 24, 2019

Snail-paced insolvency route forces 16 banks to sell bad loans worth Rs one lakh crore

Many PSBs including Bank of India, Dena Bank and Punjab National Bank are aggressively selling their bad loan to clean up their balance sheet.

Jan 24, 2019

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India will become world's fastest growing economy in 2019-20: IMF

India's growth could rise from an estimated 7.3% in the current financial year to 7.5% in 2019-20 amid a global slowdown.

Jan 22, 2019

Rupee depreciates 26 paise against US dollar in early trade

Forex dealers said the dollar's gains against some other currencies overseas too weighed on the rupee sentiment.

Jan 21, 2019

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Budget expectations, Q3 results to guide Indian equities

The NSE Midcap Index has closed at a five-week low and is beginning to witness broad-based selling. Nifty on the other hand has been able to eke out gains based on a select few bluechip stocks.

Jan 20, 2019

China set to post slowest growth in 28 years in 2018, more stimulus seen

China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.

Jan 20, 2019

Railways to cut down on Electricity cost, plans to invest in solar power units along tracks

The government's nodal agency, Solar Energy Corporation of India (SECI) has planned to invite the solar bidding in two tranches of 2 GW each to be built across 10 states.

Jan 19, 2019

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US dollar edges up amid economic data

The dollar index, which measures the greenback against six major peers, rose 0.01 per cent at 96.0658 in late trading.

Jan 18, 2019

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Economy News

Defence budget increased to over Rs 3 lakh crore in 2019-20: Piyush Goyal

It will be interim budget on Friday; hopes dashed for direct tax concessions

High-level exits cast shadow over Modi govt's statistical credibility

Union Budget FY20: Modi's reform zeal may dull in election overhang

Crude awakening: Chinese oil demand rebounds as independent refiners restock

Will interim budget give a liquidity lifeline to realty sector?

Banks sell bad debt at fire sale prices; it isn't good news for Modi

Controversial Chinese app humiliates 'deadbeat debtors' publicly: Here's how

Snail-paced insolvency route forces 16 banks to sell bad loans worth Rs one lakh crore

India will become world's fastest growing economy in 2019-20: IMF

Rupee depreciates 26 paise against US dollar in early trade

Budget expectations, Q3 results to guide Indian equities

China set to post slowest growth in 28 years in 2018, more stimulus seen

Railways to cut down on Electricity cost, plans to invest in solar power units along tracks

US dollar edges up amid economic data

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react