Economy News

RBI leaves repo rate unchanged at 4%, annual GDP may shrink 9.5%

The Reserve Bank of India's MPC has decided to keep key rates unchanged while maintaining an accommodative stance. RBI also said that it expects India's real GDP to contract by over 9 per cent for the current fiscal year.

Oct 9, 2020

India Inc expects steady recovery in Oct-Mar FY21: CII CEOs Poll

The business fraternity expects a steady recovery in the Indian economy during the second half of the financial year 2020-21, shows a poll of CEOs done by CII.

Oct 5, 2020

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, smiles as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018.

Unbelievable: Mukesh Ambani got richer by ₹1.5 crore every minute since lockdown began

Mukesh Ambani has topped the Hurun India Rich list for the ninth consecutive year.

Sep 30, 2020

Halted Metro trains cost India dearly; nearly Rs 2,000 Cr lost to lockdowns

The losses for Delhi metro alone run to a whopping Rs 1609 crore due to COVID-19 induced lockdown.

Sep 20, 2020

India's plan for public-private partnerships and investments in railways set to transform the sector

It is going to be a win-win situation for all concerned, CEO of Niti Aayog, Amitabh Kant, said at the press conference at National Media Center, outlining the future of Indian Railways.

Sep 18, 2020

RBI stands battle-ready to take whatever steps needed for Covid-hit Indian economy: Governor Shaktikanta Das

Governor Shaktikanta Das said some high-frequency indicators including agricultural activity, Purchasing Managers Index for manufacturing, certain private estimates for unemployment point to "some stabilisation" of economic activity in the second quarter of the current fiscal year.

Sep 16, 2020

Toyota's latest decision shows what's wrong with India's auto sector

Toyota India's Vice Chairman, Shekar Viswanathan, argued that the government keeps taxes on cars and motorbikes so high that companies find it hard to build scale.

Sep 15, 2020

Both Khare and Khullar will hold their new assignments for a period of three years.

Meet Samir Khare and Rajesh Khullar - the new Exec Directors of Asian Development Bank and World Bank

Khare was previously the Additional Secretary in the Department of Economic Affairs, Ministry of Finance while Haryana IAS officer Rajesh Khullar was the Principal Secretary to Haryana Chief Minister.

Sep 14, 2020

EPFO to pay interest rate of 8.15% to subscribers for FY20 in two instalments

This decision was taken in the EPFO's central board of trustees meeting chaired by labour and employment minister Santosh Kumar Gangwar today.

Sep 9, 2020

Fitch Ratings expects Indian economy to contract by 10.5% this fiscal from -5% earlier

Fitch Ratings said that India's GDP should rebound strongly in 3Q20 (October-December) amid a re-opening of the economy.

Sep 8, 2020

Fresh stimulus package on cards: Is it too little too late

The much hyped fiscal stimulus package that was earlier announced by Modi, giving the call for 'Atmanirbhar Bharat' turned out to be a drop in the ocean.

Sep 7, 2020

Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report

US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10 per cent.

Sep 3, 2020

Farmers' lives don't matter in India; 10,281 died by suicide in 2019 alone

With all the attention and activism reserved for SSR case, read on to find out about the plight of farmers and the system's apathy towards them. 43.480 farmers and daily wagers died by suicide in 2019 alone.

Sep 3, 2020

Amid Covid, I-T Dept refunds Rs 98.6K cr to 26 lakh taxpayers

The Income Tax Department has worked at breakneck speed to process the refund claims.

Sep 3, 2020

RBI announces yet another round of OMOs of Rs 20,000 crore: What it means

The RBI announced that it has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ₹20,000 crores.

Aug 25, 2020

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Economy News

RBI leaves repo rate unchanged at 4%, annual GDP may shrink 9.5%

India Inc expects steady recovery in Oct-Mar FY21: CII CEOs Poll

Unbelievable: Mukesh Ambani got richer by ₹1.5 crore every minute since lockdown began

Halted Metro trains cost India dearly; nearly Rs 2,000 Cr lost to lockdowns

India's plan for public-private partnerships and investments in railways set to transform the sector

RBI stands battle-ready to take whatever steps needed for Covid-hit Indian economy: Governor Shaktikanta Das

Toyota's latest decision shows what's wrong with India's auto sector

Meet Samir Khare and Rajesh Khullar - the new Exec Directors of Asian Development Bank and World Bank

EPFO to pay interest rate of 8.15% to subscribers for FY20 in two instalments

Fitch Ratings expects Indian economy to contract by 10.5% this fiscal from -5% earlier

Fresh stimulus package on cards: Is it too little too late

Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report

Farmers' lives don't matter in India; 10,281 died by suicide in 2019 alone

Amid Covid, I-T Dept refunds Rs 98.6K cr to 26 lakh taxpayers

RBI announces yet another round of OMOs of Rs 20,000 crore: What it means

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