Economy News

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

Opposition meets CEC Nasim Zaidi, demands Budget Session 2017 be held after March 8

The Opposition is against the Centre's decision to present the Budget on February 1 — two days before the assembly polls in Punjab and Goa.

Jan 5, 2017

Budget 2017: Election Commission to decide on postponement even as BJP dismisses call

Budget 2017 will give BJP unfair advantage over Congress, SP, AAP in the upcoming assembly elections in UP, Punjab, Goa.

Jan 4, 2017

Blame it on demonetisation: India's services activity hits 3-year low

The Nikkei India Services Business Activity Index showed a reading of 46.8 in December, indicating a further solid contraction in output.

Jan 4, 2017

India property market: Cloud of uncertainty grips housing lenders as mortgage rates head south

Morgan Stanley believes that banks will aggressively pursue loan takeovers and in that case, housing finance firms will have no place to hide.

Jan 4, 2017

Indian economy grew at 5.6% YoY in November 2016: Motilal Oswal Securities

Modi had announced demonetisation decision in November 2016, leading to fall in GDP growth rate.

Jan 3, 2017

Finland just got cooler, becomes first country to launch basic income for unemployed

Finnish government has decided to give basic income of Euro 650 (approx Rs 46, 257) to unemployed citizens.

Jan 3, 2017

Chinese yuan depreciated faster than Indian rupee in CY2016

In calendar year 2016, the Indian rupee faced more headwinds than the Chinese yuan.

Jan 3, 2017

Singapore GDP growth of 9.1% in Q4 brings little cheer for 2017; was it a case of too-good-to-be-true?

The city-state's growth outlook for 2017 remains cloudy and analysts forecast GDP growth to come in around 1 to 2 percent amid domestic and global headwinds.

Jan 3, 2017

7th Pay Commission: Higher payout to employees has not affected costs much, says Suresh Prabhu

The implementation of the 7th Pay Commission proposals for employees have slightly increased operating ratio for Indian Railways.

Jan 3, 2017

Drastic lending rate cuts to squeeze banks' net interest margins, say brokerages

Analysts expressed surprise at the quantum of MCLR cuts by banks and said the implication is likely to be negative for both banks as well as NBFCs.

Jan 3, 2017

SBI merger postponed till next fiscal; chairperson Arundhati Bhattacharya cites IT system change as reason

Timeline for merger of five bank subsidiaries and BMB will be finalised once the Centres notifies the merger, says Arundhati Bhattacharya

Jan 3, 2017

Budget Session of Parliament to begin from January 31

The Economic Survey to be presented on the same day followed by the General Budget on February 1.

Jan 3, 2017