Economy News

Foreign registered aircraft may soon fly in India

Exemption from the current rule is expected to improve ease of doing business and cost reduction.

Oct 14, 2016

7th Pay Commission: Central Govt employees to discuss allowances at JCM meeting on October 24 and 25

The finance ministry had recently issued a notification abolishing seven allowances as proposed by the 7th Central Pay Commission.

Oct 14, 2016

7th Pay Commission: Defence ministry refers 'disability pension' issue to Anomaly panel

The move comes after criticism from the opposition parties and the armed forces over a letter issued on September 30.

Oct 14, 2016

India, Russia to sign $5 billion deal for S-400 air defence missile systems

According to the deal, Russia will deliver S-400 'Triumf' long-range air defense missile systems to New Delhi.

Oct 14, 2016

Evening wrap: JNU to probe PM effigy burning, Galaxy Note 7 threat to Samsung credit ratings and Diwali gift for armed forces

Also read about new smartphones added by Reliance Jio and censor board chopping Ranbir-Aishwarya's intimate scenes.

Oct 13, 2016

Retail inflation drops to 13-month low of 4.31%

Analysts polled by Reuters had expected the CPI to rise 4.80 per cent, after a 5.05 per cent gain in August.

Oct 13, 2016

Hatton Garden jewellery quarter under pressure from rising rents

The London quarter was the centre of the worlds diamond market market, but traders are fighting to bring back the glory days.

Oct 13, 2016

Central Railway earns less than Rs. 6 from each suburban passenger

During April-September 2016, Central Railway earned Rs. 424.08 crore from 74.10 crore suburban passengers.

Oct 13, 2016

BRICS 2016: Trade ministers meet ahead of Goa summit

Nirmala Sitharaman, union commerce and trade minister, is meeting her BRICS counterparts; a BRICS Business Forum is also scheduled.

Oct 13, 2016

7th Pay Commission: Defence forces to get 10% arrears before October 30 as 'Diwali gift'

The arrears will be 10 percent of the current pay drawn by the soldiers, which would be calculated from January 2016.

Oct 13, 2016

ICICI Prudential lifts 2016 IPOs to a 6-year-high

So far, 22 firms have listed for IPOs bringing the estimated year-end deal value to $5.8 billion.

Oct 13, 2016

Demand outlook for steel remains weak, says World Steel Association

Global steel demand in 2017 would improve marginally to 1,510 mt from 1,501 mt this year, says World Steel Association.

Oct 12, 2016

Inflation seen cooling to one-year low in September

The latest poll of over 30 economists showed retail inflation probably eased further last month to 4.80 percent.

Oct 12, 2016

1 MDB scandal: Singapore penalises Falcon Bank, DBS, UBS; to decide on Standard Chartered Bank soon

The Monetary Authority of Singapore (MAS) penalises Falcon Bank, DBS, UBS; awaits assessment of Standard Chartered Bank.

Oct 12, 2016

Andhra Pradesh registers 20% rise in tourist arrivals in January-August 2016

Anantapur district is the "most visited destination" by foreign tourists.

Oct 11, 2016