Economy News

RBI data on ATMs, POS, credit, debit cards overdue since August

The last monthly update by the RBI on crucial bank statistics such as number of ATMs, credit and debit cards and balances was in August 2016.

Dec 24, 2016

PM Modi conveys opposite messages on economic measures, fiscal prudence at Sebi campus, Shivaji memorial

Speaking at SEBI's NISM campus, Narendra Modi says demonetisation will give long-term gains; later lays foundation for Rs 3,600 crore Shivaji Memorial.

Dec 24, 2016

Demonetisation effect: PM Narendra Modi's move dampens Christmas, New Year celebrations in India

Cash crunch caused by PM Modi's demonetisation affects tourist hotspots like Goa, Kerala and Agra, the city of Taj Mahal in incredible India.

Dec 24, 2016

GST rollout on April 1, 2017: So near, yet so far

Dual control of GST assesses between Centre and states hangs, next GST Council meeting crucial; it's now over to budget session.

Dec 24, 2016

Pakistan Stock Exchange: Consortium of Chinese bourses may buy 40% stake in PSE

The consortium of China Financial Futures Exchange Company, Shanghai Stock Exchange and Shenzen Stock Exchange may value the stake at about $85 million.

Dec 23, 2016

India lobbied Moody's for ratings upgrade

An endorsement was seen as critical to PM Narendra Modi's economic stewardship, helping to attract foreign investment and accelerate growth.

Dec 23, 2016

Airport security checks: CISF to analyse feedback as pilot trial to do away with stamps on baggage and boarding passes ends

Authorities responsible for airport security will analyse the feedback of the pilot project before the proposal can be extended further.

Dec 23, 2016

Budget 2017: What could PM Narendra Modi announce on December 31?

The first demonetisation deadline ends on December 30 and PM Modi is likely to make some drastic announcement next day ahead of Budget 2017.

Dec 23, 2016

SBI Buddy vs Paytm: SBI's 'desi' Buddy takes on 'somewhat Chinese' Paytm with banner of patriotism

SBI says its Buddy app is more secured, charges way less and is partly-owned by the government of India unlike Paytm, in which China's Alibaba has a stake.

Dec 23, 2016

Budget 2017: CII wants drastic reduction in personal, corporate tax rates

Trade body CII has a long wish list for Budget 2017 that includes recommendations on income tax rates and slabs, and corporate tax.

Dec 23, 2016

Income Tax department scrutinises 67.5 lakh income tax non-filers who made high-value transactions

The I-T Department has held more than 760 searches and seized at least Rs 3,590 crore in unaccounted wealth after demonetisation.

Dec 23, 2016

Airline charges: Now, pay 'family fee' if you want to sit with your folks on a flight

Air India had introduced the concept of 'family fee' in May this year and now Jet Airways follows suit.

Dec 22, 2016

Assam: BSF officials recover Rs 29 lakh in new notes; 2 arrested

The two men were travelling with the money to Gasupara in South Garo hills from Assam.

Dec 22, 2016

PM Modi's demonetisation could push India's GDP growth to 20-year low

Brokerage Nomura says PM Narendra Modi's demonetisation and the resultant chaos has disrupted the Indian economy in a big way.

Dec 22, 2016

Budget 2017: As oil prices rise on a slippery path, beware of a dead cat bounce

A supply glut and changing world demographics will act as sufficient ingredients for volatile or direction-less oil prices in 2017.

Dec 22, 2016