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Economy News

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    pay commission 7th cpc excess payment vet finance ministry govt employees cga check verify

    7th Pay Commission: CGA to check for excess payment to Central government employees

    The government had earlier asked the CGA to release salary arrears as proposed by the pay commission "without pre-check". Oct 8, 2016
    india forex reserves rbi foreign exchange dollar buying importers exporters falling rupee value fii stock buying bse debt market

    World's fastest-growing economy now has $372 billion in foreign exchange reserves

    The Reserve Bank of India (RBI) says forex reserves jumped $1.22 billion as of September 30, 2016. Oct 8, 2016
    fii dii purchases equities statistics data fii activity nse bse shares price fluctuation stock markets debt rupee rbi repo rate mpc inflation data india exports imports inflation wpi cpi retail

    Foreign investors net buyers of Indian equities in first week of October

    Foreign institutional investors (FIIs) buy Indian stocks worth Rs 1,686 crore on a net basis in October. Oct 8, 2016
    q2fy17 consumer companies results september quarter bse nse share prices index consumer discretionary pay commission monsoon

    Q2FY17 preview: Consumer companies to report steady volume growth in September quarter, says Nomura

    The bonanza to Central government staff from pay commission proposals and benefits of good monsoon won't reflect in Q2. Oct 7, 2016
    tourists wagah border

    Tourist flow to Punjab hit hard due to Indian Army's surgical strikes

    Industry insiders say that the tourist footfall to the holy city of Amritsar has plummeted as much as 45 per cent. Oct 6, 2016
    ippb bank post office india operations recruitment hiring ceo assistant manager

    India Post Payments Bank to hire 1,710 managers ahead of September 2017 launch

    The recruitment drive begins as India Post Payments Bank gets ready to roll out banking services from September 2017. Oct 6, 2016
    world bank job creation jim kim automation india china modi govt

    Indian, Chinese jobs under threat due to automation: World Bank president Jim Kim

    Automation threatens 69 percent of jobs in India and 77 percent in China, says the WB president, citing research. Oct 5, 2016
    panama papers

    Multi-Agency Group to probe Indians named in Panama Papers: Centre tells SC

    The move to set up the committee is part of the Central government's efforts to bring home black money parked abroad. Oct 4, 2016
    HDFC Bank India

    MPC repo rate cut decision: Misleading to call members 'dovish' or 'hawkish', says HDFC Bank analyst

    In a note, Abheek Barua, Chief Economist, HDFC Bank, also says MPC could cut interest rates again in December this year. Oct 4, 2016
    Arun jaitley

    Marginal impact of India-Pak tensions expected: Finance Minister

    The impact on the rupee has been temporary and FDI continues to rise, Arun Jaitley said. Oct 4, 2016
    RBI Reserve Bank of India

    MPC flags off risks to India from global headwinds

    Weak global growth and rising protectionism are matters of concern, says the six-member MPC. Oct 4, 2016
    Reserve Bank of India

    Monetary Policy Committee cuts repo rate by 25 bps to 6.25%

    The six-member MPC comprising RBI and government nominees cuts repo rate to 6.25 percent at its first meeting. Oct 4, 2016
    Telecom Towers

    Spectrum auction: Bids fetch Govt Rs 56,872 crore on day 2

    There was a high demand for the 1,800 Mhz band, but premium bands like 700 Mhz and 900 Mhz found no takers. Oct 4, 2016
    IB Times

    7th Pay Commission: Modi Govt accepts proposals on promotion for employees

    The 7th Pay Commission's proposals on promotion (MACP) ensure time-bound career progression for Central government staff. Oct 4, 2016
    7th pay commission allowances hike central govt orop defence budget pay panel proposals pensioners india benefit money uri attack surgical strikes pakistan

    7th Pay Commission: Uri attack, surgical strikes may delay decision on allowances, says report

    The recommendations of the 7th CPC are applicable to 47 lakh central government employees and 53 lakh pensioners. Oct 3, 2016
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