Economy News

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Cattle trade ban to halt beef exports, lead to job losses

Indian meat traders, under the aegis of the Quresh Action Committee and other trade associations, plan to petition the Supreme Court to get the government order rescinded.

May 30, 2017

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Bihar is India's top litchi-producing state

The state accounts for about 40 percent of the total production, according to Union Ministry of Agriculture and Farmers Welfare.

May 29, 2017

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HP, KPMG introduce 'GST Solution' for traders, MSMEs

The end-to-end solution has hardware from HP, GST invoicing software by KPMG.

May 29, 2017

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Gold holds near four-week highs, political tensions support

Spot gold was flat at $1,266.19 per ounce at 0400 GMT. On Friday, it climbed 0.9 percent to touch its strongest since May 1 at $1,269.50.

May 29, 2017

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India's foreign exchange reserves hit historic high at $379 billion

As of May 19, 2017, India's foreign exchange reserves stood at $379.3 billion, buoyed by dollar inflows from foreign portfolio investors (FPIs).

May 27, 2017

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'Buy in May and sell in November'

Chris Zaccarelli, CIO at Cornerstone Financial Partners, bases his bullishness on the healthy outlook for the global economy rather than Trumponomics.

May 27, 2017

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Modi govt's track record on job creation is a flop show

The three years of the Narendra Modi government have been dismal on the job front, with fresh employment creation falling to record lows.

May 27, 2017

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OPEC to extend output cuts, to set up OPEC-India Working Group

The 13-nation OPEC on Thursday agreed to extend for nine months the output cut agreement in place for six months from January 1.

May 27, 2017

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Modi government turns 3: FDI inflows hit record highs, but it's of little avail

The three years of Narendra Modi government have been a huge success in terms of improving investment sentiments as evident from record FDI inflows.

May 26, 2017

US-based Cognizant denies massive IT lay-off allegations in India

Should this bring some peace to IT employees in India or is it a sign to buckle up?

May 25, 2017

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7th Pay Commission: Good news for Central government employees, allowance hike deadline set for June 1

Reports state that the National Council Joint Consultative Machinery met with the Cabinet Secretary to discuss the update on the allowances.

May 25, 2017

After reports of massive layoffs, job portals flooded with resumes seeking IT jobs

While consultancies too have been busy dealing with these resumes, it is mostly the online job portals that seem to be the go-to place for those who have recently been laid off.

May 25, 2017

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Foreign Investment Promotion Board abolished by Modi govt

FIPB offered single window clearance for applications on Foreign Direct Investment (FDI) and is the second institution to be abolished after the Planning Commission (replaced by NITI Aayog).

May 24, 2017