Economy News

India International Exchange, GIFT city, Gandhinagar

India's first International Exchange to go live on January 16

Touted as Prime Minister Narendra Modi's pet project, the International Exchange has been set up at Gujarat International Finance-Tec city based in Gandhinagar.

Jan 10, 2017

demonetisation, remonetisation, rbi update, digital india, cashless economy, modi, niti aayog, bibek debroy

Demonetisation: Black money is now with banks and it's huge

There are conflicting reports on how much gains accrue to the Modi government over demonetisation; one estimate puts it at Rs 3 to 4 lakh crore,

Jan 10, 2017

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5th Pay Commission: Salary hike for Meghalaya Govt employees gets delayed

Meghalaya government employees are seeking salary and allowances at par with those proposed by the 7th pay commission.

Jan 10, 2017

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Vibrant Gujarat 2017: Three-day global investor summit begins from January 10

The eight edition of the investors' summit — Vibrant Gujarat 2017 — aims to garner huge investments; PM Modi will hold talks with top 50 CEOs.

Jan 10, 2017

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Budget 2017: FM Arun Jaitley provides insights on income tax collection in India

Tax compliance leaves a lot to be desired, says finance minister Arun Jaitley days before the presentation of Budget 2017.

Jan 9, 2017

Air India deemed 'third-worst' airline in the world, Israel's EI AI the worst

FlightStats has tagged KLM Airlines as the best airline for its on-time performance.

Jan 9, 2017

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Budget 2017: Will there be a Digital Bharat Cess like the Swachh Bharat Cess?

Digital Bharat Cess on the lines of Swachh Bharat Cess and Krishi Kalyan Cess could be brought in Budget 2017 to drive digital payments.

Jan 9, 2017

Free Trade Wars: Assocham warns of export disruptions as Donald Trump ups the ante on free trade

The government must work for an effective lobbying to explain to the US policy makers how free trade would help both the countries, Assocham says.

Jan 9, 2017

india news, india fiscal deficit, modi govt, pm modi, modinomics

Tax collection rises sharply for April-December 2016: Modi Govt

Indirect tax collection is up 25 percent while direct taxes saw 12 percent growth, the Modi government said in a statement.

Jan 9, 2017

7th pay commission, pay commission news, elections to five states, up assembly elections 2017, modi govt, budget 2017

7th Pay Commission: Poll-bound states outsmart Modi Govt in wooing employees

Election-bound states announce implementation of pay commission recommendations to avoid violating model code of conduct.

Jan 9, 2017

People need not pay transaction charges for using credit and debit cards at petrol pumps, says government

Union minister Dharmendra Pradhan said on Monday the transaction fee issue would be resolved by banks and oil-marketing companies, which is their issue.

Jan 9, 2017