Economy News

Budget 2017: Will Modi Govt bite the bullet by reducing interest rates on small savings?

The government would have to do a balancing act with interest rates on small savings and elections in states while presenting Budget 2017.

Dec 20, 2016

Chennai: Income Tax dept raids businessman's house, recovers Rs 10 crore

The IT dept officials also recovered 6 kg of gold jewellery as part of the black money raids in the city.

Dec 20, 2016

IMF chief Christine Lagarde found guilty of misusing public funds as French minister; here's how it could affect the world

The case pertains to the €400 million payout Christine Lagarde sanctioned for a French businessman when she was the French finance minister.

Dec 19, 2016

Domestic air traffic: IndiGo, SpiceJet, Jet, Air India show divergent trends in November

Domestic air traffic data for November showed that business grew 22.4 percent YoY; IndiGo, SpiceJet, Jet Airways show interesting trends.

Dec 19, 2016

UP Assembly elections 2017: Rahul Gandhi bats for farmers again; how big is his strategy?

Rahul Gandhi is looking to woo farmers big time before the elections as they make a large vote bank in the state.

Dec 19, 2016

Demonetisation will help government earn Rs 2-3 lakh crore in taxes: Manohar Parrikar

The RBI has, meanwhile, imposed restrictions on depositing more than Rs 5000 in old currency notes.

Dec 19, 2016

Demonetisation: How key indicators moved in the world's fastest growing economy after PM Modi's currency ban

The first month (November) of demonetisation by PM Narendra Modi was packed with bad news except civil aviation and inflation.

Dec 19, 2016

Budget 2017: Railways plans new Mumbai-Goa superfast train; separate agency to recommend fares

Railways will also provide Rs 40,000 crore for city projects to develop and strengthen the network and ensure speedy transit.

Dec 19, 2016

NSE new CEO: National Stock Exchange may hire an outsider for top job after Chitra Ramkrishna's sudden exit

The NSE may look for an external candidate as it has no one from the current talent pool to potentially replace Ramkrishna.

Dec 19, 2016

Oil prices rise in anticipation of tighter 2017 market

Traders said the higher prices in front-month crude futures were due to expectations of a tighter market.

Dec 19, 2016

Income tax dept recovers Rs 10.50 crore worth assets from tea seller in Surat

Rs 1.45 crore in cash, Rs 1.05 crore in new currency, bullion worth Rs 1.49 crore were recovered during the raid.

Dec 18, 2016

Budget 2017 will focus on encouraging public, private spending: Arun Jaitley

Jaitley said spending boost is required to satisfy India's aspiration to increase GDP growth and become a developed economy.

Dec 18, 2016

Hyderabad: Gold worth Rs 2,700 crore imported into city post-demonetisation

Between November 8-30, 8,000 kgs of gold was brought into the city using demonetised currency.

Dec 18, 2016

Bengaluru: 2 RBI officials arrested for currency exchange fraud

The latest arrests have raised questions on the role played by the central bank officials in currency exchange process.

Dec 18, 2016

RBI issues FAQs on deposit scheme for undisclosed income

The Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016 is the second amnesty scheme, after the IDS, for income tax evaders.

Dec 17, 2016