Economy News

What are the best countries to live and work in? Here's the definitive list

Singapore retains top slot; Switzerland ranks high in terms of salary, India slips in ranking, reveals HSBC Expat 2016 survey.

Jan 2, 2017

Budget 2017: Railway coolies to get provident fund, pension benefits

The BJP government is planning to bring railway porters under the social security net of EPFO scheme.

Jan 2, 2017

7th Pay Commission: Top 2 developments before Budget 2017 raise hopes for Central government employees

The finance ministry seems better placed now after demonetisation to decide on raising allowances as recommended by the 7th Pay Commission.

Jan 2, 2017

Nehru-Gandhi dynasty should quit leadership to make Congress credible: Ambit analyst

Siddhartha Rastogi of Ambit Group says leaders outside the Nehru-Gandhi family have a better GDP growth rate track record.

Jan 2, 2017

Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

The I-T Dept will take action after identifying if deposits in Jan Dhan accounts belonged to somebody else.

Jan 2, 2017

Comparison of interest rates on deposits by senior citizens after PM Modi's speech

Interest rates on deposits by senior citizens by post office are higher than that announced by PM Modi.

Jan 1, 2017

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