Economy News

Bharat bandh: Trade unions reject Modi Govt sops to workers; firm on September 2 strike

Trade unions refused to call off their September 2 strike call despite FM Arun Jaitley announces higher daily wages, bonus for Central govt staff.

Aug 30, 2016

Pension freedoms: Five biggest risks to taking out your savings early

465,000 people have taken cash out of their private pensions since the rules were introduced in 2015.

Aug 30, 2016

RBI focused on bringing inflation down to 4%, says governor Raghuram Rajan

Rajan also warned that "room to cut policy rates can emerge only if inflation is projected to fall further."

Aug 30, 2016

Indian Railways hits upon new idea to tackle land encroachment

The idea was suggested to the Indian Railways by Prime Minister Narendra Modi at a meeting.

Aug 30, 2016

Ratan Tata, Nandan Nilekani, Vijay Kelkar team up for micro-finance firm

Avanti Finance will apply for registration to the RBI in a few days and will begin operations before the present fiscal ends.

Aug 30, 2016

Tourism secretary visits China in bid to attract investments

The Ministry of Tourism will organise a three day tourism summit from Sept. 21 to 23.

Aug 29, 2016

With govt on board, airlines may soon start offering in-flight Wi-Fi

The civil aviation secretary said last week that passengers could soon be allowed to use internet on domestic flights.

Aug 28, 2016

Food bills at Delhi restaurants come in for scrutiny; Delhi High Court issues notice to AAP govt

The Delhi HC has sought response from the AAP government on a petition alleging that restaurants overcharge customers with VAT.

Aug 27, 2016

7th Pay Commission: Salary hike likely for Karnataka govt employees; CM hints at setting up new panel

Karnataka CM Siddaramaiah says state government would consider setting up pay commission to explore salary hike for employees.

Aug 26, 2016

RBI governor-designate Urjit Patel to be more formal, unlike Raghuram Rajan

Urjit Patel, currently one of the four deputy governors, is more likely to play to the script, unlike Rajan.

Aug 26, 2016

Bank jobs: Examination, selection process, other details you need to know about 19,000 vacancies

the Institute of Banking Personnel Selection (IBPS) will conduct the 6th CWE to fill 19,243 clerical positions in banks.

Aug 25, 2016

State Bank of India to raise Rs. 11,000 crore to meet Basel III norms

The country's largest lender plans to raise about Rs. 11,000 crore to ensure compliance with Basel III norms.

Aug 25, 2016

India heralds new chapter in digital banking, UPI app goes live

Developed by NPCI, the Unified Payments Interface (UPI) is unique as it enables retail outlets to generate bills and secure payments.

Aug 25, 2016

India contributing big to global Internet of Things outsourced market

The IoT market will see intense consolidation through acquisitions and investments as service providers focus on end-to-end solutions.

Aug 24, 2016

7th Pay Commission: Jharkhand appoints panel to examine salary hike for employees

A decision was taken on Tuesday by the Jharkhand government to appoint a fitment panel to look into 7th pay commission proposals.

Aug 24, 2016