Economy News

Railway reservations go increasingly cashless, employees could be rendered jobless

Railway Minister Suresh Prabhu says 75.18 percent of ticket reservations, and 95.86 percent freight business are driving less-cash economy.

Dec 29, 2016

Lucknow Metro: Centre releases additional Rs 250 crore ahead of UP assembly elections

On December 1, UP Chief Minister Akhilesh Yadav had flagged trial run of Lucknow Metro; stakes are high for BJP and SP in Uttar Pradesh.

Dec 29, 2016

Cash crunch after demonetisation could end soon: New Rs 500 notes now seemingly available in ATMs in Bangalore

Check ATMs near you and let us know if you managed to lay your hands on the new Rs 500 notes.

Dec 29, 2016

Demonetisation riches: World's fastest-growing economy likely to land $15 billion windfall

Estimates by analysts say PM Modi's demonetisation could result in 'special dividend' of Rs 1 lakh crore ($15 billion).

Dec 29, 2016

PM Narendra Modi may address nation on demonetisation before new year

Narendra Modi is expected to speak about the next steps being contemplated by his government after demonetisation.

Dec 29, 2016

NSE IPO: Exchange files papers to raise Rs 10,000 crore in mega public offering

Existing shareholders may offload as much as 20-25 percent shares in the IPO that could value NSE at worth Rs 50,000 crore-Rs 55,000 crore.

Dec 28, 2016

Indians should get used to less cash, say experts

The view within the government and outside is that India's cash-to-GDP ratio of 13 percent is very high and needs to be brought down.

Dec 28, 2016

Flights from Dubai to India: UAE wants more, India says only if you give our carriers more slots

Additional flights from Dubai will be allowed only if Indian carriers get more slots.

Dec 28, 2016

Demonetisation: Robbers increasingly turning to gold heists as currency notes promise lower yield

Gold robberies have been reported from various parts of India, with jewellery stores and financial institutions providing gold loans being targeted.

Dec 28, 2016

Saudi Arabia budget: Here is why 3 million Indians living there should worry

Budget 2017 envisages levying fees on expats and companies employing them; revenues set to rise for Saudi Arabia, thanks to OPEC decision.

Dec 28, 2016

Foreign tourist arrival grows 9.3% in November despite demonetisation

India earned foreign exchange worth Rs 14,474 crore from foreign tourist arrivals in November.

Dec 28, 2016

Pakistan senate rejects demonetisation move

The Pakistan government rejected recommendations from the Upper House of Parliament to ban Rs 5,000 notes.

Dec 28, 2016

Budget 2017: The halwa ceremony and the secrecy shrouding India's annual financial statement

Apart from economic priorities, India's finance minister has to deftly cope with political pressures and conflicting demands while outlining the Budget.

Dec 28, 2016

Railway WiFi: 100 stations now WiFi enabled, another 300 planned for 2017

Union Railways Ministry had planned to provide WiFi in two phases -- cover 100 stations in 2016 and expand to 400 stations by 2017.

Dec 27, 2016

Demonetisation bonanza in Kolkata: Old Rs 500 and Rs 1,000 notes will fetch you quite a bit at this market

Here is how demonetisation is said to have affected shell companies in West Bengal.

Dec 27, 2016