Economy News

Railway passengers can buy travel insurance on paying premium of Re. 1

In the event of death or permanent total disability, the railways will pay a compensation of Rs. 10 lakh to the kin.

Jul 28, 2016

Black money crackdown: Taxman finds over 7,000 Bangaloreans in 'high-value and sensitive' transactions

As part of its crackdown on tax evaders and black money suspects, the Modi government has identified over 7 lakh "high value" transactions.

Jul 28, 2016

Bank strike imminent after talks fail; 10 lakh employees from 80,000 branches to participate

The one-day strike on July 29 is a reality after a last-minute attempt to avert it during a meeting between bank unions, government and IBA.

Jul 27, 2016

With states agreeing on 4 key issues, has BJP really cracked the GST code?

With top four concerns of states addressed, the ruling BJP could now rally support of non-Congress members in the Rajya Sabha.

Jul 27, 2016

India considers relaxing visa policy to attract more trade, investment

A new proposal by the commerce ministry suggests that business visa should be incorporated into the non-work visa category.

Jul 27, 2016

'Absence of resources stops Indian carriers from flying international'

Lack of finances stops the airlines from using bilateral air-traffic rights, says Minister of State for Civil Aviation Jayant Sinha.

Jul 27, 2016

State Bank of India writes off bad loans worth Rs. 15,763 crore in FY2016

Public sector banks wrote off bad loans worth Rs. 59,547 crore in FY2016; SBI topped the list with Rs. 15,763 crore.

Jul 27, 2016

Raghuram Rajan debunks critics on inflation, credit growth, bad loans

At the 10th Statistics Day Conference 2016 held on Tuesday, RBI Governor Raghuram Rajan took on those who flayed him for his monetary policy.

Jul 26, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in June

Here is how Jet Airways, Go Air, AirAsia India,IndiGo, Vistara, Air India and Pegasus performed in June.

Jul 26, 2016

7th Pay Commission notification issued; employees to get higher salary from August

Now minimum monthly salary, as proposed by the 7th CPC, will be Rs. 18,000 as against Rs. 7,000 paid currently.

Jul 26, 2016

Subir Gokarn will make a suitable central bank governor: Former RBI chief D Subbarao

Subir Gokarn's name has been doing the rounds as a possible candidate to replace Raghuram Rajan.

Jul 26, 2016

Oil prices edge away from 3-month lows, but mood remains bearish

Brent hit its lowest level since May the previous day, while WTI hit its lowest level since April.

Jul 26, 2016

LED bulbs: EESL warns against fake websites using PM Modi's image to cheat consumers

The Modi government has warned against fraudulent websites selling LED bulbs under the UJALA programme.

Jul 25, 2016

Central Vigilance Commission expands probe into alleged Rs. 580 crore excise duty evasion by Cadbury

The Central Vigilance Commission has sought information from U.S. authorities over the alleged excise duty evasion.

Jul 25, 2016

Crude stays near two-month low on oil glut worries

A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped relieve pressure on crude futures.

Jul 25, 2016