Economy News

Oil prices drop as Trump asks OPEC to stabilise market

A key driver of the rise in prices has been the OPEC-Russia deal to cut oil output, compounded by collapsing Venezuelan production and the U.S. decision to end the Iran deal, National Australia Bank (NAB) said in its July outlook.

Jul 5, 2018

Former RBI deputy governor KC Chakrabarty stopped from travelling abroad

KC Chakrabarty, who served as the RBI deputy governor from 2009 to 2014, was stopped when he was travelling to London from Mumbai's Chhatrapati Shivaji International Airport in May.

Jul 4, 2018

Central government accepts Sunil Mehta committee's report on bad loans

The committee has recommended a five-pronged strategy under Project 'Sashakt' to deal with Non-performing Assets in the country's banking system.

Jul 3, 2018

Protestors at anti-Trump protest in Los Angeles

Global Economy: Asian factories lose momentum even before Trump's tariffs kick in

Asian exporters lost momentum last month even before tariffs on U.S. and Chinese goods kick in this week, pressuring regional factory activity in a worrying sign the Trump administration's "America First" protectionist policies could derail global growth.

Jul 2, 2018

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Foreign Portfolio Investors pull out Rs 48,000 crore; highest in a decade

The latest outflow is the biggest since January-June 2008 when Foreign Portfolio Investors (FPIs) had withdrawn Rs 24,758 crore from the capital markets including equity and debt.

Jul 2, 2018

FDI inflow growth rate plummets to 5-year low in FY18

The incumbent government had managed to initially multiply the FDI inflow growth rate to 27 per cent in 2014-15 and 29 per cent in the following year, but it nosed dived to just 8.67 per cent in 2016-17

Jul 2, 2018

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC lost 18 out of 21 PSB investments in the past two years

The trend is completely different when it comes to its investment in private sector banks where the value of LIC's investment is up by 50 percent.

Jul 2, 2018

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GST was thrust upon an unprepared nation, says former Finance minister P Chidambaram

According to the Congress leader, the only section that appeared to be happy about the GST was the tax administration that had acquired extraordinary powers that frighten the average business person and the common citizen. "GST has become a bad word" for businesses and commoners alike, he said.

Jul 1, 2018

One year of GST: Prime minister Modi acknowledges 'positive change in the Indian economy' on Twitter

Narendra Modi congratulated India on the completion of one year since the implementation of GST, touted as the biggest economic reform since Independence.

Jul 1, 2018

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Guide to file Income Tax Return (ITR) online

The last date for filing tax returns (online or offline) is July 31.

Jun 30, 2018

LIC to rescue debt-ridden IDBI bank as IRDAI approves majority stake

Insurance sector rules do not allow an insurance player or company to invest more than 15% in a company, so LIC was taken as a special case.

Jun 30, 2018

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan

India plans to stop oil imports from Iran by November

The step comes as a reaction to the US communication to all the countries, including India and China, to stop their oil imports from Iran.

Jun 29, 2018

Climate change could erode India's GDP by 2.8%: World Bank

The effect of climate change could also lower the living standards of nearly half the country's population by 2050, as average annual temperatures are expected to rise by 1-2 percent over three decades.

Jun 29, 2018

Stop politics over economic offenders, they are nothing but national embarrassment

With the likes of Nirav Modi and Vijay Mallya in safe havens, it's time to leave political allegations aside and treat fugitive economic offenders as a national embarrassment and devise means of bringing all the 'escapes' to justice in our own law courts.

Jun 28, 2018

SBI to shut nine foreign offices, plans to open more branches in India

Earlier, the Department of Financial Services had directed the Public sector Banks (PSBs) to shut down the businesses at unviable places.

Jun 28, 2018

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Economy News

Oil prices drop as Trump asks OPEC to stabilise market

Former RBI deputy governor KC Chakrabarty stopped from travelling abroad

Central government accepts Sunil Mehta committee's report on bad loans

Global Economy: Asian factories lose momentum even before Trump's tariffs kick in

Foreign Portfolio Investors pull out Rs 48,000 crore; highest in a decade

FDI inflow growth rate plummets to 5-year low in FY18

LIC lost 18 out of 21 PSB investments in the past two years

GST was thrust upon an unprepared nation, says former Finance minister P Chidambaram

One year of GST: Prime minister Modi acknowledges 'positive change in the Indian economy' on Twitter

Guide to file Income Tax Return (ITR) online

LIC to rescue debt-ridden IDBI bank as IRDAI approves majority stake

India plans to stop oil imports from Iran by November

Climate change could erode India's GDP by 2.8%: World Bank

Stop politics over economic offenders, they are nothing but national embarrassment

SBI to shut nine foreign offices, plans to open more branches in India

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react