Economy News

Theresa May tells MPs not to obstruct the will of the people in Article 50 Brexit vote

Vijay Mallya extradition imminent? UK PM Theresa May meets Arun Jaitley

As Arun Jaitley was having a meeting with his British counterpart, PM May dropped in and the issue of "certain individuals who have overstayed" in UK was discussed.

Mar 1, 2017

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India's aviation regulator initiates probe into P&W engines on Airbus A320 NEOs

At least two incidents involving A320 NEO planes fitted with the engines flown by IndiGo and GoAir are under investigation.

Mar 1, 2017

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India signs 7 unilateral advance pricing agreements covering various sectors

The sectors include telecom, pharmaceutical, banking and finance, steel, retail and information technology.

Feb 28, 2017

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India's April-January fiscal deficit at 105.7% of FY2017 target

The government had set a target of restricting the current fiscal's deficit to 3.5 percent of the GDP.

Feb 28, 2017

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PM Modi's note ban pulls down India's GDP growth rate to 7% in December quarter

The Government of India released second advance estimates for GDP growth for December quarter (Q3) and FY2017 on February 28.

Feb 28, 2017

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Goods and Services Tax (GST): 5 things you need to know about the new tax system

Goods and Services Tax (GST) will be implemented from July 1, the Economic Affairs Secretary has confirmed. The final consumer will now bear only the GST charged by the last dealer in the supply chain.

Feb 28, 2017

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GST to be rolled out on July 1: Economic Affairs Secretary Shaktikanta Das

"GST should be implemented by July 1. All states have agreed on the date," Economic Affairs Secretary Shaktikanta Das told reporters in Delhi.

Feb 28, 2017

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Here's why a public bank strike in the era of digital banking and ATMs won't be effective

Apart from new-age banking limiting the impact of bank strike by 10 lakh employees, the top three private sector bank employees are not participating.

Feb 28, 2017

Public sector banks, including SBI and PNB, to go on strike today: All you need to know about the bank unions' strike

Most banks, including the State Bank of India, Punjab National Bank and Bank of Baroda, have informed customers that operations at their bank branches and offices would be hit due to the strike.

Feb 28, 2017

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HSBC under investigation for aiding tax evasion in India, elsewhere

The disclosure was made by HSBC in its annual report released recently.

Feb 27, 2017

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Bangladesh: Face-off between global fashion brands and govt ends

H&M, Inditex, C&A, Next and Tchibo were at loggerheads with the Bangladesh government over crackdown on labour leader and workers.

Feb 27, 2017

Oscars 2017: Lion nomination leads to increased interest from foreign tourists; 70% rise in hotel bookings in Kolkata

Several portions of Lion, based on the real-life story of Saroo Brierly, have been shot on locations in Kolkata, and have piqued the interest of tourists.

Feb 27, 2017