Economy News

Spanish Talgo train clocks less than 12 hours between Delhi-Mumbai in final trial

During the trial, the high speed train completed the 1,388 km journey at a speed of 150 kmph.

Sep 11, 2016

Zimbabwe to axe 25,000 government jobs

The finance minister claims that 96.8 percent of the annual budget is spent on civil servants' salaries.

Sep 11, 2016

President Pranab Mukherjee voices concern over rising bad loans of banks

Bad loans hit lending capacity of banks hard, President Mukherjee said while speaking at a Karur Vysya Bank event.

Sep 10, 2016

India to grow 7.5% in FY17: Dun & Bradstreet report

A better investment climate is expected to boost economic prospects.

Sep 10, 2016

GST Council formation likely to be taken up by Union Cabinet next week

The Goods and Services Tax Council will have the responsibility of fixing the rates, among other things.

Sep 10, 2016

India's foreign exchange reserves at record high of $367.76 billion

The foreign exchange reserves of India rose $989.5 million for the week ended Sept. 2, according to RBI data.

Sep 9, 2016

Government to monetise Wakf properties for constructive use

The move will also ward off "Wakf mafia" who have been encroaching vacant properties since the Wakf Board was set up.

Sep 9, 2016

Railways could lose passengers to airlines due to flexi-pricing

Despite rising rail fares, state-run carrier Air India said it will not increase last minute airfares or on tickets booked four hours before takeoff.

Sep 9, 2016

Railways counters opposition to flexi-pricing with innovative infographics, charts

Indian Railways tweeted a chart that compares train travel costs (non-premium) to the cost of brooms and apples.

Sep 9, 2016

Karnataka Bandh: Too many strikes may lead to cancellation of Christmas vacation in schools

Schools in Bangalore have already been forced to remain shut for more than six days so far this academic year.

Sep 9, 2016

India's free trade pact with ASEAN questionable: Assocham

The free trade agreement with the 10-nation bloc did not help India as imports rose but exports dropped, creating trade imbalance.

Sep 8, 2016

Car sales up 9.53%, passenger vehicles sales jump 16.68% in August

Vehicle sales across categories registered a growth of 23.72 percent to 20,10,794 units from 16,25,332 units in August 2015.

Sep 8, 2016

'Indo-French project 'Swachh Neer' aims to tackle water scarcity'

The project aims to solve rising water problems in both the countries by developing technologies for recycling and recovery of waste water.

Sep 8, 2016

GST Bill receives President's assent

The Goods and Services Tax (GST) Bill was approved by President Pranab Mukherjee on Thursday.

Sep 8, 2016

Mamata Banerjee urges investors in Germany to forget Singur, invest in Bengal

Leading a business delegation, Banerjee assured investors of every possible support from the state government.

Sep 8, 2016