Economy News

Budget 2017: Increasing income tax exemption limit to Rs 5 lakh will revive demand, says Deloitte survey

The survey also highlighted that the National Pension Scheme withdrawal should be non-taxable just like the Provident Fund.

Jan 1, 2017

7th Pay Commission: SBI releases arrears for Army, Navy, Air Force pensioners

State Bank of India has released Rs 3,323.24 crore in arrears to defence pensioners on Friday.

Jan 1, 2017

Air fares set to rise after jet fuel prices increase by 8% in the new year?

The new jet fuel prices came into effect from January 1, 2017.

Jan 1, 2017

Demonetisation: RBI relaxes currency exchange norms for non-resident Indians

The facility of currency exchange for NRIs will be valid until June 30, 2017.

Jan 1, 2017

Modi's demonetisation speech: 9 things that the PM said, from housing loan discounts to help for pregnant women

Here are nine important things the Prime Minister said during his televised address on Saturday.

Dec 31, 2016

Bank credit growth data for November contradicts Arun Jaitley's claims

RBI data reveals bank credit growth rate for November 2016 slumped YoY; Arun Jaitley had claimed no disruption due to note ban.

Dec 31, 2016

China and India: Jinping downbeat on economic growth; Modi Govt bullish

Asset woes, financial vulnerability and Donald Trump's hawkish stance would slowdown China in 2017 in contrast to India.

Dec 31, 2016

World's fastest-growing economy sees wild fluctuations in foreign exchange reserves

India's foreign exchange reserves hit a historic high in September 2016 but have been receding subsequently, reveals RBI data.

Dec 31, 2016

Demonetisation: ATM cash withdrawal limit increased to Rs 4,500 per day; weekly limit remains unchanged at Rs 24,000

The RBI said that the limit on cash withdrawals would be in place until there is sufficient supply of new notes in the banking system.

Dec 31, 2016

7th Pay Commission: Railway employees remind PM Modi about pension scheme, multiplier factor, salary

Railway employees want exemption from National Pension Scheme and implementation of "assurances" on multiplier factor in context of 7th pay commission proposals.

Dec 30, 2016

Digital India: Interesting trends emerge in push towards cashless economy

The push towards digital economy, or cashless economy, is not a runaway success, says Motilal Oswal Securities Ltd.

Dec 30, 2016

Are these new Rs 1,000 currency notes real or fake? [PHOTO]

Here is a comprehensive study on the images of the new green Rs 1,000 currency notes being circulated on social media.

Dec 30, 2016

China smartphone outlook 2017: Trend bullish; Huawei, Oppo and Vivo seen as top gainers

Chinese smartphone makers such as Huawei, Oppo and Vivo are poised to make the most out of the country's smartphone market and also abroad.

Dec 30, 2016

Railway reservations go increasingly cashless, employees could be rendered jobless

Railway Minister Suresh Prabhu says 75.18 percent of ticket reservations, and 95.86 percent freight business are driving less-cash economy.

Dec 29, 2016

Lucknow Metro: Centre releases additional Rs 250 crore ahead of UP assembly elections

On December 1, UP Chief Minister Akhilesh Yadav had flagged trial run of Lucknow Metro; stakes are high for BJP and SP in Uttar Pradesh.

Dec 29, 2016