Economy News

Evening wrap: SC stands by note ban, Nirbhaya revisited in Delhi, Irina Shayk pregnancy news, and more

Read about the Narendra Modi government ensuring the safety of women passengers, and NASA finding water on Ceres.

Dec 16, 2016

Supreme Court stands with Modi govt on demonetisation; refuses to provide interim relief to common man

The apex court, however, said that the government should try its best to honour commitment on weekly withdrawal of Rs 24,000 per person.

Dec 16, 2016

India: Gold imports rise 23%; exports increase 2.2% in November

The increase in gold imports in demonetisation-hit November pushed up trade deficit to $13 billion.

Dec 15, 2016

NITI Aayog announces cash awards worth Rs 340 crore to encourage merchants, consumers to switch to digital payments

The cash awards will be offered through two schemes -- Lucky Grahak Yojana for consumers and Digi-Dhan Vyapar Yojana for merchants.

Dec 15, 2016

SC raps Centre over demonetisation; asks how some people are hoarding huge amounts of new currency

The Supreme Court on Thursday prioritised a list of 10 issues around demonetisation that it will be focussing on.

Dec 15, 2016

Cabinet clears Bill to grant greater autonomy to ports

The Major Ports Authority Bill would help in faster and transparent decision making, which would benefit the stakeholders.

Dec 15, 2016

No extension in deadline: Rs 500 notes can't be used to pay utility bills after December 15 midnight

The old Rs 500 and Rs 1,000 notes can be submitted in bank branches where a person holds an account until December 31.

Dec 15, 2016

Don't trust your bankers: Three bank employees are sacked every two days, says CVC report

Between 2011 and 2015, as many as 3,100 bank employees were fired, according to data collected by the Central Vigilance Commission.

Dec 14, 2016

Demonetisation: Rs 12.44 lakh crore of demonetised notes of Rs 500 and Rs 1,000 returned to RBI

The deputy governors also reacted on the arrest of RBI official K Micheal for illegally converting Rs 1.51 crore of old notes.

Dec 14, 2016

US Ambassador to India Richard Verma says demonetisation does not impact Indo-US ties

The US Ambassador to India also said the US' relationship with India is much broader than that with Pakistan.

Dec 14, 2016

Railways to monetise unused land parcels, may get up to Rs 8,000 crore

The Railways has already identified 49 sites measuring 497.21 hectares for commercial development.

Dec 14, 2016

Bengaluru RBI officer arrested on Tuesday laundered money for 30% cut

Michael Kattukaran and his accomplices allegedly exchanged Rs 1.51 crore worth of demonetised notes for new currency.

Dec 14, 2016

Mukesh Ambani, Jeff Bezos, Jack Ma, Bill Gates collaborate for $1 billion energy fund

Breakthrough Energy Ventures fund will fight climate change through innovation in clean energy.

Dec 14, 2016

Demonetisation effect: Indian Railways staff want higher cash component in December salary

In a letter to the Railway Board, the NFIR says the cash component of salary for December be raised to mitigate shortage.

Dec 14, 2016

Demonetisation effect: Tenants in Bengaluru petition PM Modi seeking action against homeowners who demand cash as rent

Bengaluru has numerous colleges and is an IT hub where many students and employees from rest of India come and stay in rented accommodation.

Dec 14, 2016