Economy News

Multi-Agency Group to probe Indians named in Panama Papers: Centre tells SC

The move to set up the committee is part of the Central government's efforts to bring home black money parked abroad.

Oct 4, 2016

MPC repo rate cut decision: Misleading to call members 'dovish' or 'hawkish', says HDFC Bank analyst

In a note, Abheek Barua, Chief Economist, HDFC Bank, also says MPC could cut interest rates again in December this year.

Oct 4, 2016

Marginal impact of India-Pak tensions expected: Finance Minister

The impact on the rupee has been temporary and FDI continues to rise, Arun Jaitley said.

Oct 4, 2016

MPC flags off risks to India from global headwinds

Weak global growth and rising protectionism are matters of concern, says the six-member MPC.

Oct 4, 2016

Monetary Policy Committee cuts repo rate by 25 bps to 6.25%

The six-member MPC comprising RBI and government nominees cuts repo rate to 6.25 percent at its first meeting.

Oct 4, 2016

Spectrum auction: Bids fetch Govt Rs 56,872 crore on day 2

There was a high demand for the 1,800 Mhz band, but premium bands like 700 Mhz and 900 Mhz found no takers.

Oct 4, 2016

7th Pay Commission: Modi Govt accepts proposals on promotion for employees

The 7th Pay Commission's proposals on promotion (MACP) ensure time-bound career progression for Central government staff.

Oct 4, 2016

7th Pay Commission: Uri attack, surgical strikes may delay decision on allowances, says report

The recommendations of the 7th CPC are applicable to 47 lakh central government employees and 53 lakh pensioners.

Oct 3, 2016

Abu Dhabi crown prince Sheikh Mohammed bin Zayed Al Nahyan as R-Day guest signifies India-UAE trade ties

India officially announces that Abu Dhabi crown prince Sheikh Mohammed bin Zayed Al Nahyan will be 2017 Republic Day chief guest.

Oct 3, 2016

Saudi Arabia releases $1 billion to help laid-off Indian migrant workers: Report

The money is part of the kingdom's efforts to help the migrant community cope with non-payment of salaries and job losses.

Oct 3, 2016

Rafale jets may arrive earlier than expected, says Defence Minister Manohar Parrikar

The minister said India has requested France to deliver it as soon as possible.

Oct 2, 2016

NHAI to execute India's first 'driverless' pod-based Metrino project

So far, four global firms have qualified in the initial round of bidding for the Metrino project worth Rs 800 crore.

Oct 2, 2016

Spectrum auction: Combined bids fetch Rs 53,531 crore on day 1

The telecom operators showed high interest in the 1800 Mhz spectrum band, which is used for delivering 2G/4G services.

Oct 2, 2016

IDS 2016: Modi govt officially announces amount collected from tax defaulters

The four-month Income Declaration Scheme (IDS) 2016 closed on September 30.

Oct 1, 2016

10 million passengers bought railway travel insurance in 29 days of launch, says IRCTC

The travel insurance entails a premium of Re. 1 and provides insurance cover of up to Rs. 10 lakh.

Oct 1, 2016