Economy News

7th Pay Commision: Hike poised to boost consumption-led growth alongside inflation risk

Normalising commodity prices, extent of monsoonal rains and inflation expectations are the other key concerns on India's economic growth.

Jun 29, 2016

7th Pay Commission: Armed forces disappointed with pay panel recommendations

Former Chief of Army Staff General Roy Chowdhury expressed anger at the Secretariat Panel for failing to do justice with the defence forces.

Jun 29, 2016

7th Pay Commission: Cabinet approves salary, allowances hike for govt employees and pensioners

The Narendra Modi government, at a cabinet meeting on Wednesday, cleared the recommendations of the 7th Central Pay Commission.

Jun 29, 2016

Asia stocks bounce, bonds benefit from the unknown

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1 percent to recoup around a third of Friday's stinging loss.

Jun 29, 2016

India's economy cannot remain insulated by low oil price: RBI

Prolonged lower oil prices will make India vulnerable to other repercussions such as reduction in private transfers and remittances.

Jun 28, 2016

Cameron wants EU split to be as constructive as possible

Arriving in Brussels for a meeting of the European Council on June 28, Prime Minister David Cameron said he wanted the process of the UK leaving the European Union to be “as constructive as possible”.

Jun 28, 2016

Osborne: UK sould not trigger article 50 until relationship with EU is clear

Osborne: UK sould not trigger article 50 until relationship with EU is clear

Jun 28, 2016

Brexit needs greater watch for economies to see larger challenges: Assocham

The charged up political environment could damage the world economy much more than just a few sectoral gains or losses.

Jun 28, 2016

7th Pay Commission: Adi Godrej confident of consumption boost, RBI fears inflation

The implementation of the 7th Pay Commission would boost consumption, says Adi Godrej but RBI fears spike in inflation.

Jun 28, 2016

Only 57% of India's human resource talent is utilised: World Economic Forum

Finland, Norway and Swiss utilise 85 percent of their human capital endowment, even as global average is 65 percent.

Jun 28, 2016

7th Pay Commission: Will trade unions accept the 23.5% salary hike likely to be approved by the Modi govt?

Trade unions like the RSS-affiliated BMS and others such as INTUC, CITU and AITUC could oppose the hike proposed by the pay commission.

Jun 28, 2016

Wimbledon prize money this year takes a hit, thanks to Brexit [PHOTOS]

The decline in value of prize money for Wimbledon winners in dollar terms is due to the devaluation in the British pound.

Jun 28, 2016

After Subramanian Swamy, Piyush Goyal makes a statement on tax rates

Power Minister Piyush Goyal made the state at an event organised by the ruling BJP on Monday.

Jun 28, 2016

Airlines continuously eating into railways share of passenger traffic

Once the regional connectivity rule comes into force, there would be little price difference between rail fares and flight tickets.

Jun 28, 2016

Rupee opens with gains; Lupin, HUL lead Sensex rally, Tata Motors down 2%

The Indian rupee opened at 67.77 to the U.S. dollar on Tuesday; the BSE Sensex was up 55 points, led by Lupin and HUL.

Jun 28, 2016