Economy News

Rupee to fall to record low in 2017: Reuters poll

The rupee is expected to fall to a record low against the US dollar in 2017, a Reuters poll has found.

Jan 8, 2017

PM Modi's demonetisation decision could strip India of 'world's fastest-growing economy' tag

GDP growth estimates for Q3 and Q4 of 2016-17 are pegged at around 6 percent, bringing a buoyant India closer to a weak China, due to demonetisation.

Jan 7, 2017

Ivory trade ban: Can China crush its 'intangible cultural heritage'?

With Chinese loving ivory for luxury and medicinal use, it's easier said than done for China to shut down its legal ivory carvers and suppliers.

Jan 6, 2017

India, Kazakhstan agree to amend two-decade old tax treaty

Under the new amendment, information exchanged between the two countries can be shared with other law enforcement agencies.

Jan 6, 2017

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

HDFC Securities picks Triveni Turbine and Kalpataru Power as its favourite stocks from the capital goods sector.

Jan 6, 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

Loan growth at historic low even as banks are awash with cash after demonetisation

But now that banks have slashed MCLR rates almost 80-90 bps at one go, SBI expects a credit growth rebound, at least in the housing sector.

Jan 6, 2017

Highways, shipping sector projects to cross Rs 6 lakh crore by March: Nitin Gadkari

Gadkari also said the government was moving towards the target of building 40-41 km of highways daily.

Jan 6, 2017

Can India give its citizens a basic income without destroying its economy?

As the need for basic income gets increasingly recognised worldwide, the viability of a universal basic income still remains questionable.

Jan 5, 2017

Demonetisation: RBI responds to reports that 97% of banned notes have been returned

Some economists had spoken of a windfall to Modi government, saying about 10-15 percent of the demonetised notes won't come back.

Jan 5, 2017

7th Pay Commission: Central government employees may have to wait for allowance decision due to EC's Model Code of Conduct

The EC's Model Code of Conduct could prevent Modi government from raising allowances for employees as proposed by 7th Pay Commission.

Jan 5, 2017

Budget 2017: Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

Higher tax revenues are expected to balance the divestment shortfall and help the government stick to its fiscal deficit target of 3.5 percent for 2016-17.

Jan 5, 2017

BJP claims Dawood Ibrahim's properties worth Rs 15,000 crore seized in UAE

BJP claims the prime minister had handed over a list of Dawood's assets to the UAE government during his visit last year.

Jan 5, 2017

Here's why the Rs 2,000 notes without Mahatma Gandhi photo are not fake

Madhya Pradesh farmers recently withdrew money from an SBI ATM to find that some Rs 2,000 notes had no photo of Mahatma Gandhi.

Jan 5, 2017

With more reinsurers making a foray, India on way to emerge as global reinsurance hub

Soon, at least half a dozen global reinsurers are expected to enter the India insurance market. It is expected to quadruple from its current size of $60 billion over the next 10 years.

Jan 5, 2017