Economy News

7th Pay Commission: Government employees may get higher salary than proposed by panel: Report

Central government employees could get a minimum monthly salary of Rs. 24,000 as against Rs.18,000 proposed by the 7th Pay Commission.

May 10, 2016

Saudi Aramco plans global expansion amid falling crude oil prices

The move is aimed at meeting global oil demand, notwithstanding challenging market conditions, state-run Saudi Aramco said.

May 10, 2016

Education sector in India offers huge business opportunities, says rating agency Ind-Ra

The share of private schools in India increased between 2009 and 2015, says Ind-Ra in a report.

May 10, 2016

Industrial lending at a seven year low: Report

Dwindling industrial lending meant the banks have turned to issuing loans for personal credit, over half of which are housing loans.

May 10, 2016

Government ports posted increase in operating surplus for FY16

The operating surplus of 12 state-run, major ports rose 19 percent to Rs. 4,268 crore in 2015-16, said a Modi government minister on Monday.

May 10, 2016

Developing countries' renewables markets more attractive: Report

Mexico's recent power auctions have opened the door to multi-billion dollar opportunities in a newly liberalised energy market, the report said.

May 10, 2016

India ranks 9th on politico-biz nexus

Crony-capitalism witnessed a fall from 18 percent in 2008 to 3.4 percent of India's GDP in 2016.

May 9, 2016

Equity mutual funds see net inflows in April

Mutual fund investors poured in Rs. 4,438 crore in equity mutual funds during April, according industry body Amfi.

May 9, 2016

Indian Railways film shoot earnings get a leg up from Apta railway station

"Baaghi," starring Tiger Shroff and Shraddha Kapoor, was shot at the Apta railway station at a cost of Rs.24.97 lakh, reports the Hindu.

May 9, 2016

Fake notes worth Rs. 29.6 crore found in 2015-16

Data released by the finance ministry showed that about 6.3 lakh imitation notes were detected in FY 16, the Hindu reported.

May 9, 2016

Trump changes tune on tax hikes for wealthy Americans

After sealing the republican nomination for the presidential election, Trump has used speeches and interviews to offer details on his policy positions.

May 9, 2016

Wilful defaulters' list to be made public: RBI governor

Raghuram Rajan said the RBI is working on a mechanism for out-of-court settlement in bad-loan disputes.

May 8, 2016

China April exports, imports decline more than expected

China exports fell 1.8 percent from a year earlier whereas imports dropped 10.9 percent.

May 8, 2016

IRCTC sold 200 million tickets in FY16, aims for more in current fiscal

IRCTC, an Indian Railways subsidiary, handles catering, tourism and online ticketing.

May 7, 2016

Oil up on Canada wildfire, dollar; big weekly loss for Brent

Reports of a militant attack on a Chevron platform in Nigeria's oil-rich Niger Delta region and a drop in the number of U.S. oil drilling rigs also helped lift prices on the day.

May 7, 2016