Economy News

Area sown under Rabi crops rises bucking demonetisation

The Agriculture Ministry's data primarily substantiates the perception that demonetisation may not have had an immediate impact on agriculture.

Jan 29, 2017

Two coastal economic zones to be set up in Andhra Pradesh for Rs 20,000 crore

The two zones – Srikakulam to Vijayawada and Vijayawada to Nellore – will be created under the ambitious Sagarmala project.

Jan 29, 2017

India Post Payments Bank gets RBI licence to commercially start services

So far, only Paytm and Airtel have launched their payments bank commercial operations across India.

Jan 29, 2017

Budget 2017: Health care costs may rise if so far untaxable services are brought under GST

Jaitley should also raise tax exemptions under 80-D and announce a health care infrastructure fund, an Assocham-TechSci paper says.

Jan 27, 2017

India to overtake China as the largest growth market for energy by 2030

Among BRICS countries, India's share of global energy demand would increase to 9% by 2035, the second-largest after China at 26%

Jan 27, 2017

Andhra Pradesh special status: Protests fuelled by Pawan Kalyan, Jagan Mohan Reddy gather momentum

Jana Sena leader and Sardaar Gabbar Singh star Pawan Kalyan seems to be spearheading the protests demanding special category status for Andhra Pradesh.

Jan 26, 2017

India US trade relations: Visa restrictions and remittances, not trade dynamics cause for concern

Trade surplus India has with US is not so high, but the impact on IT companies and remittances by NRIs due to possible curbs on H1B visa should worry.

Jan 25, 2017

BRICS bank NDB aims to increase lending to $10 billion in 6-7 years

Last year, NDB's board approved seven investment projects worth $1.5 billion, including two projects of $600 million for India.

Jan 24, 2017

7th Pay Commission: EC's order on Budget 2017 could bring cheer to Central govt employees

The EC's order on Budget 2017 could raise hopes of Central government employees seeking allowances hike as proposed by the 7th pay commission.

Jan 24, 2017

Republic Day chief guest Abu Dhabi Crown Prince Al-Nahyan set to arrive in India on second official visit

A significant aspect of the Prince's presence would be the participation of a military contingent from the UAE that will march during the Republic Day parade.

Jan 24, 2017

RBI resorts to ethical hacking to test Indian banks' cyber vulnerabilities

During the first phase of the test, the RBI will focus on PSU banks that are understood to be more susceptible than private banks.

Jan 23, 2017

Cooperative banks debarred from accepting deposits under PMGKY tax amnesty scheme

The government took the decision after cooperative banks were found tampering with cash records to launder money after demonetisation.

Jan 22, 2017

Note ban jerk to hit sales volume of SMEs in January-March quarter as well

SMEs would continue to feel the pinch of demonetisation as rural consumption and job creation continue to be impacted negatively in the fourth quarter.

Jan 22, 2017

CPSE Exchange Trade Fund issue gets overwhelming response

The Exchange Trade Fund (ETF) of Central Public Sector Enterprises (CPSE) got bids worth Rs 12,000 crore, said the finance ministry.

Jan 21, 2017

Countries rushing to amass fighter jets will fire global defense sector growth in 2017-18

The global Aerospace and Defense sector is likely to grow at 2 percent in 2017, driven primarily by a 3.2 percent revenue growth in the defense sector, a Deloitte report says.

Jan 20, 2017