Economy News

Sales of air purifiers, masks surge manyfold as Delhi, NCR reel under smog

Online retailers, chemists and retail shops are either running out of air purifiers and masks or are loaded with huge orders.

Nov 6, 2016

RBI may cut interest rate again during December policy review: HSBC

The foreign brokerage is not expecting any further rate cuts after December.

Nov 6, 2016

Donald Trump says he will tax US corporations exorbitantly if they lay off and outsource work

Trump also said trade agreements like NAFTA and Trans-Pacific Partnership are no good to the US and will be renegotiated to benefit Americans.

Nov 6, 2016

British media spooked by India's demand that country ease visa laws

British PM May had, as Home Secretary, tightened visa norms, making it quite difficult for Indian students and tourists to go there.

Nov 6, 2016

Top 7 Sensex companies lost Rs 56,380 crore in market cap on unfavourable global cues

Reliance Industries led the crack in market capitalisation by Rs 15, 470 crore, while TCS lost Rs 13,625 crore.

Nov 6, 2016

Morning Brief: Trump rushed out of rally, Rami Malek's new role, Zendaya's clothing line and more

Read about updates from the battle for Mosul, and what could affect Indo-UK bilateral trade.

Nov 6, 2016

Brexit, falling pound to hit India-UK bilateral trade: Report

Ahead of British PM Theresa May's India visit, Ficci tells an English daily that the picture on bilateral trade is bleak.

Nov 5, 2016

7th Pay Commission: Here is what the panel said on salary hike for state government staff

The 7th Central Pay Commission speaks at length on whether states are financially capable of giving hike to government employees.

Nov 5, 2016

New UK visa rules for non-EU citizens set to affect Indian IT professionals

The changes include raised salary thresholds for different categories and modified English language requirements.

Nov 4, 2016

How is the 4-tier GST structure going to affect you?

The central government plans to roll out the new tax law from April 1, 2017.

Nov 4, 2016

Bank of England predicts rising inflation and real income slow down

Mark Carney, Governor of the Bank Of England, announced that it expects inflation to hit 2.75% by the end of 2018, as well as food, energy and clothes prices rising even faster with wages not keeping up. For now interest rates remain the same but post-Brexit growth will be faster this year than the Bank previously predicted.

Nov 3, 2016

GST Council finalises 4-tier tax structure

Essential items including food will be taxed at zero rate, while the 5% rate would be applicable on common use items.

Nov 3, 2016

Fuel supply across India to be hit on November 3 and 4 as petroleum dealers go on strike

Even though petrol bunks will remain open, over 54,000 fuel outlets are expected to participate in the strike.

Nov 3, 2016

75 railway stations to get station directors

Station directors to be appointed at A1 railway stations will have multiple responsibilities.

Nov 2, 2016

Salary of MPs likely to be doubled

If the revised salary structure comes into force, an MP would get Rs 1 lakh as basic pay.

Nov 2, 2016