Economy News

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

7th Pay Commission: 42% of total hiring during CY2010-13 was in Indian Railways, reveals panel

Out of 5.70 lakh Central government staff hired, 2.40 lakh were for Indian Railways, according to the 7th Pay Commission.

Nov 1, 2016

India factory output rises to 22-month high in October

The Nikkei/Markit Manufacturing Purchasing Managers' Index shot up to 54.4 in October from September's 52.1.

Nov 1, 2016

Adani Ports to deleverage further, says Fitch

The company recorded 12 percent year-on-year growth in cargo volumes to 85.1 million tonnes.

Oct 31, 2016

AP, Telangana top ease-of-doing-business list; Gujarat slips to number three

Chhattisgarh, Madhya Pradesh and Haryana occupied the fourth, fifth and sixth slots.

Oct 31, 2016

Zojila tunnel project worth Rs 10,000 crore to be built using govt funds

National Highways and Infrastructure Development Corporation Limited will build the tunnel in Jammu and Kashmir.

Oct 31, 2016

7th Pay Commission: Odisha government employees get Diwali gift; Centre clarifies on disability pension

The decision to implement 7th Pay Commission's proposals will benefit about seven lakh Odisha government employees and pensioners; Centre issues notification on disability pension for defence forces.

Oct 30, 2016