Economy News

China govt cracking down on low-cost tourism packages

The low-cost trips with shopping account for over 90% of China's domestic tour group-package business.

Nov 24, 2016

Cabinet approves purchase of 12 Dornier surveillance aircraft for Navy

The cost of buying the 12 maritime surveillance and patrolling aircraft is pegged at about Rs 2,500 crore.

Nov 24, 2016

Why RBI governor Urjit Patel? Main hoon na, says FinMin bureaucrat Shaktikanta Das

Except for an appearance at a press conference on November 8, RBI governor Urjit Patel has not been seen speaking on demonetisation.

Nov 24, 2016

Demonetisation: Govt extends toll exemption till Dec 2, will accept old Rs 500 notes till Dec 15

Old notes will not be valid for payment of medicines, railway and air tickets, water and electricity bills, milk, fuel, and cremation services from November 24 midnight.

Nov 24, 2016

7th Pay Commission: Central govt employees to get higher allowances from January 2017, says report

The proposals of the 7th Central Pay Commission cover about 47 lakh Central government employees and about 53 lakh pensioners.

Nov 23, 2016

Demonetisation: Government panel to issue instructions to ease hardship in Nepal & Bhutan

According to Nepal's central bank, nearly Indian Rs 500 and Rs 1,000 notes worth Rs 33.6 million are in the banking channels.

Nov 23, 2016

Airtel Payments Bank offers hefty interest rate on savings bank deposits

It became the first payment bank to launch operations Wednesday post issuance of licences by RBI in August, 2015.

Nov 23, 2016

Here's how you can use credit and debit cards to pay for anything, even in small shops

Paytm has a solution that will help all small vendors overcome cash crunch.

Nov 23, 2016

Subhash Chandra, Dilip Shanghvi in race for oil blocks

Auction of small oil and gas blocks held on Monday witnessed huge interest from domestic firms.

Nov 23, 2016

'New Rs 500 note in Bengaluru ATMs' goes viral on WhatsApp; is it available at bank counters as well?

A viral message on WhatsApp states that new Rs 500 notes are in circulation in the city.

Nov 23, 2016

Demonetisation: Service charges on debit card usage waived off, says Economic Affairs Secretary

Indian Railways will also not levy service charges on e-ticket booking till December 31.

Nov 23, 2016

Demonetisation effect: Retail inflation to fall further, says Nomura analyst

Perishable and non-perishable food items show divergent trends since demonetisation; overall, it's bound to reduce inflation.

Nov 23, 2016

Demonetisation: Supreme Court refuses to stay proceedings in other courts

The apex court proceeded to issue notice in the transfer petition, but refused to stay proceedings pending in other courts.

Nov 23, 2016

OPINION: Why the Indian film industry lags behind US and China

The Indian film industry had revenues of $1.6 billion in 2015 but there are many factors hindering its growth.

Nov 23, 2016

Modi's demonetisation move good but FDI in retail still a taboo topic: CEO, Retailers Association of India

The demonetisation move by Modi has hit the retail sector due to the impact on cash transactions. In an exclusive chat with IBT, Kumar Rajagopalan talks about this and more.

Nov 23, 2016