Economy News

Judicial review of fiscal policy 'impermissible', Centre tells SC during demonetisation hearing

The case will be heard next on December 14 and in the interim Supreme Court says it will frame broad questions on the issue.

Dec 9, 2016

The Weird World of Demonetisation: JD(U) workers conduct last rites for cashless ATM in Bengaluru

The last rites of the ATM had been conducted as per Hindu religious norms at 11 am on Friday.

Dec 9, 2016

Demonetisation [VIDEO]: Opposition's desperation shows as Rahul Gandhi warns of earthquake if he speaks in Parliament

The Congress vice president said he was not being allowed to speak in parliament about the "biggest scam in the history of India."

Dec 9, 2016

Demonetisation: New Rs 500 note hard to get in ATMs in Bangalore; cashless transactions set to thrive

Have you managed to get hold of the new Rs 500 notes over the last week?

Dec 9, 2016

Japan ratifies TPP despite Trump's threat of withdrawing from the trade deal

Japan had earlier said that without the US the TPP would be meaningless.

Dec 9, 2016

RBI issued currency notes worth Rs 4.27 lakh crore following demonetisation

The central bank also said that defunct notes worth Rs 11.85 lakh crore have been returned to the banking system.

Dec 9, 2016

Demonetisation effect: Cashless economy gaining ground, says FM Arun Jaitley

At a press conference on Thursday, Arun Jaitley announced a series of discounts to nudge people to go digital, shun cash.

Dec 8, 2016

Demonetisation: I-Tax busts currency exchange racket during raids in Chennai

The raids by income tax department resulted in seizure of 100 kg gold and Rs 90 crore cash from three persons.

Dec 8, 2016

7th Pay Commission: Currency printing press employees seek salaries, allowances on par with Central government employees

The employees of SPMCIL that owns the printing presses say they are "eligible" under the 7th Pay Commission for salaries and allowances.

Dec 8, 2016

Plastic currency notes could well become a reality in India

The RBI has selected four global suppliers for supplying plastic/polymer notes that are more secure and long-lasting than paper notes.

Dec 8, 2016

RBI says supply of smaller denomination notes is at record high

RBI deputy governor R Gandhi said 19 billion notes of smaller denominations have been supplied since demonetisation.

Dec 7, 2016

ToneTag allows cashless payments through feature phones

ToneTag provides accessible solutions to demonetisation issue by allowing its users to make payments via feature phones.

Dec 7, 2016

RBI denies entry to Economist correspondent for MPC press briefing

Economist journalist Stanley Pignal says "being critical" of RBI Governor Urjit Patel probably prompted the decision.

Dec 7, 2016

India to be less affected by Trump's economic policies: S&P

According to the global rating agency, large domestic economies like India and China will remain relatively insulated from any economic policy changes from Trump administration.

Dec 7, 2016

7th Pay Commission: RBI reveals impact of demonetisation and salary hike to Central government employees on GDP

The RBI's MPC makes interesting observations in the context of demonetisation and pay commission's salary hike proposals for central staff.

Dec 7, 2016