Economy News

World Bank cautions India of turbulence in trade, manufacturing

Multilateral lender pegs India growth higher than national estimate but warns emerging economies are at risk from temporary factors.

Jan 10, 2019

New year brings fresh hopes for bulls in Asian currencies

With the trade talk outcome still uncertain, failure could quickly reignite pressure on the yuan with some still expecting it to breach the key 7-per-dollar mark on dimming growth outlook.

Jan 10, 2019

NBFC crisis hits real estate sector; sales growth muted at 6%

In the first six months of this year, 1,82,207 units were launched across eight cites including Mumbai, Bengaluru and the National Capital Region (NCR), out of which nearly 60 percent were priced below ₹50 lakh

Jan 10, 2019

Threat for Indian workers as Dubai ruler says job nationalisation will double in 2019

The nationalisation of jobs increased a whopping 200 percent in Dubai in 2018, says Sheikh Mohammed bin Rashid Al Maktoum.

Jan 9, 2019

Indian rupee seen facing more punishment, but no new record low: Reuters poll

The rupee's path this year will largely be determined by the results of national elections in May, oil price moves and the Reserve Bank of India's policy.

Jan 9, 2019

Unemployment rate in India shoots up to 7.4% in December; 11 million jobs lost in 2018

Data also showed that besides an increase in the unemployment rate, the Indian labour market is also witnessing a dip in the labour participation rate.

Jan 9, 2019

Monsanto has last laugh in BT cotton patent battle in India

The introduction of lab-altered seeds in India by Monsanto in 2003 changed the farming landscape in the county, which went on to become the world's biggest producer of the yarn in subsequent years.

Jan 8, 2019

Indians' average income doubled under Modi's watch, but there's a fine print

The Centre for Monitoring Indian Economy says unemployment rate in the country shot up in the last year, hitting the highest level in 27 months in December 2018

Jan 8, 2019

China upbeat ahead of US trade talks, but differences large

Both the US and China face potentially lengthy wrangling over technology and the future of their economic relationship and have expressed an interest in settling their tariff fight.

Jan 7, 2019

Karnataka tax rate hike pushes up fuel prices; reputation as low price haven under threat

Sales tax increased to offset the revenue loss from lower fuel base price because of a fall in international crude prices.

Jan 5, 2019

IT earnings season set to begin under overhang of US slowdown fears

Analysts watch closely top Indian companies' outlook commentary for understanding the trend in the $167-billion digital services outsourcing industry.

Jan 4, 2019

RBI stops printing Rs 2,000 notes two years after demonetisation; how safe is your cash?

The government had introduced the Rs 2,000 notes to arrest the cash shortage in economy following the demonetisation decision announced by Prime Minister Narendra Modi on November 8, 2016.

Jan 4, 2019

New investments plunge to 14-year low amid Lok Sabha election year policy uncertainties

New project announcements worth Rs 1 lakh crore in December quarter was 53 per cent off the September quarter achievement and 55 per cent less year on year.

Jan 3, 2019

New year bonanza for salaried class as Modi govt may hike EPF rate

The retirement body had Rs 600 crore in surplus last year when it offered 8.55 per cent interest on an investment.

Jan 3, 2019

New Year cheer: Mass consumption items cheaper with GST cut

At its 31st meeting on December 22, the Goods and Services Tax (GST) Council chaired by Union Finance Minister Arun Jaitley agreed to cut tax rates on 23 goods and services.

Jan 1, 2019