Economy News

Delhi: Income Tax dept raids hotel in Karol Bagh, Rs 3.25 crore in old notes seized

So far, five people have been arrested in connection with the case.

Dec 14, 2016

PM Modi's demonetisation decision drags retail inflation to 2-year low in November

The drop in November retail inflation is largely due to fall in prices of food items after demonetisation of high-value currencies by PM Modi.

Dec 13, 2016

Black money after demonetisation: How RBI is using CCTV footage to monitor bank staff and customers

An ever-vigilant RBI is leaving no stone unturned to ensure that money launderers are caught.

Dec 13, 2016

Mercer survey estimates salary hike at 10% in demonetisation-hit 2017

The findings of Mercer's survey on salary increase and hiring need to be seen in the context of demonetisation-induced slowdown.

Dec 13, 2016

Nomura launches new fund for super rich Malaysian investors

Nomura Global High Conviction Fund is available for individuals with gross annual income of more than MYR 300,000.

Dec 13, 2016

7th Pay Commission: Akhilesh Yadav announces bonanza for 22 lakh employees, pensioners

The announcement of 7th pay commission proposals for UP government staff comes months before Assembly elections.

Dec 13, 2016

Why did Chidambaram do a major U-turn on demonetisation and call it a big scam, like Rahul Gandhi?

The change in his remarks can be attributed to a number of reasons, like toeing the party line and also vote-bank politics.

Dec 13, 2016

Bengaluru: CBI arrests RBI official for allegedly converting old Rs 1000 and Rs 500 notes with new Rs 2000 ones

More than a dozen banking officials have already been arrested for their involvement in the conversion of old currency notes.

Dec 13, 2016

ADB trims India's GDP growth forecast for 2016 to 7% on demonetisation

India's move to ban high value currencies will impact its growth figures due to short-term dip in consumption demand.

Dec 13, 2016

Budget 2017: Personal computer, tablet sales could get a fillip

Amid falling sales of PCs and tablets, industry leaders seek incentives in Budget 2017 to boost business and digital economy.

Dec 13, 2016

RBI asks banks to maintain record of old and new currency

The RBI said it was necessary to put in place an appropriate reporting system in order to keep a check on issuance of bank notes by the currency chests.

Dec 13, 2016

Brent crude oil prices firm as Abu Dhabi cuts exports

The firmer Brent prices came after oil markets shot to mid-2015 highs earlier this week after the OPEC deal.

Dec 13, 2016

7th Pay Commission: Central government employees enthused after RBI chief Urjit Patel's comment

Millions of Central government employees are awaiting news about the increase in allowances as proposed by the 7th Pay Commission.

Dec 12, 2016

IT industry seeks better tax norms, R&D incentives in upcoming budget

Indian IT industry has also sought the government's intervention to protect it from rising protectionist measures by developed countries.

Dec 12, 2016

Venezuela bans 100 bolivars banknote to fight black money

The South American nation is going through recession and has witnessed price rise of essential commodities due to falling oil prices.

Dec 12, 2016