Economy News

Ministry of Finance building in New Delhi

India, Kazakhstan agree to amend two-decade old tax treaty

Under the new amendment, information exchanged between the two countries can be shared with other law enforcement agencies.

Jan 6, 2017

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

HDFC Securities picks Triveni Turbine and Kalpataru Power as its favourite stocks from the capital goods sector.

Jan 6, 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

People line up outside an ATM at a State Bank of India branch

Loan growth at historic low even as banks are awash with cash after demonetisation

But now that banks have slashed MCLR rates almost 80-90 bps at one go, SBI expects a credit growth rebound, at least in the housing sector.

Jan 6, 2017

Highways, shipping sector projects to cross Rs 6 lakh crore by March: Nitin Gadkari

Gadkari also said the government was moving towards the target of building 40-41 km of highways daily.

Jan 6, 2017

Basic income India, universal basic income

Can India give its citizens a basic income without destroying its economy?

As the need for basic income gets increasingly recognised worldwide, the viability of a universal basic income still remains questionable.

Jan 5, 2017

demonetisation, rbi, remonetisation, notes returned, bank deposits, modi

Demonetisation: RBI responds to reports that 97% of banned notes have been returned

Some economists had spoken of a windfall to Modi government, saying about 10-15 percent of the demonetised notes won't come back.

Jan 5, 2017

7th pay commission, pay commission news, elections to five states, up assembly elections 2017, modi govt, budget 2017

7th Pay Commission: Central government employees may have to wait for allowance decision due to EC's Model Code of Conduct

The EC's Model Code of Conduct could prevent Modi government from raising allowances for employees as proposed by 7th Pay Commission.

Jan 5, 2017

Budget 2017: Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

Higher tax revenues are expected to balance the divestment shortfall and help the government stick to its fiscal deficit target of 3.5 percent for 2016-17.

Jan 5, 2017

BJP claims Dawood Ibrahim's properties worth Rs 15,000 crore seized in UAE

BJP claims the prime minister had handed over a list of Dawood's assets to the UAE government during his visit last year.

Jan 5, 2017

Here's why the Rs 2,000 notes without Mahatma Gandhi photo are not fake

Madhya Pradesh farmers recently withdrew money from an SBI ATM to find that some Rs 2,000 notes had no photo of Mahatma Gandhi.

Jan 5, 2017

hannover reinsurance india irdai five companies swiss munich scor players insurance in india booming

With more reinsurers making a foray, India on way to emerge as global reinsurance hub

Soon, at least half a dozen global reinsurers are expected to enter the India insurance market. It is expected to quadruple from its current size of $60 billion over the next 10 years.

Jan 5, 2017

Opposition meets CEC Nasim Zaidi, demands Budget Session 2017 be held after March 8

The Opposition is against the Centre's decision to present the Budget on February 1 — two days before the assembly polls in Punjab and Goa.

Jan 5, 2017

budget 2017, modi govt, bjp, election commission, polls, cpm, congress, assembly elections

Budget 2017: Election Commission to decide on postponement even as BJP dismisses call

Budget 2017 will give BJP unfair advantage over Congress, SP, AAP in the upcoming assembly elections in UP, Punjab, Goa.

Jan 4, 2017

Blame it on demonetisation: India's services activity hits 3-year low

The Nikkei India Services Business Activity Index showed a reading of 46.8 in December, indicating a further solid contraction in output.

Jan 4, 2017

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Economy News

India, Kazakhstan agree to amend two-decade old tax treaty

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Loan growth at historic low even as banks are awash with cash after demonetisation

Highways, shipping sector projects to cross Rs 6 lakh crore by March: Nitin Gadkari

Can India give its citizens a basic income without destroying its economy?

Demonetisation: RBI responds to reports that 97% of banned notes have been returned

7th Pay Commission: Central government employees may have to wait for allowance decision due to EC's Model Code of Conduct

Budget 2017: Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

BJP claims Dawood Ibrahim's properties worth Rs 15,000 crore seized in UAE

Here's why the Rs 2,000 notes without Mahatma Gandhi photo are not fake

With more reinsurers making a foray, India on way to emerge as global reinsurance hub

Opposition meets CEC Nasim Zaidi, demands Budget Session 2017 be held after March 8

Budget 2017: Election Commission to decide on postponement even as BJP dismisses call

Blame it on demonetisation: India's services activity hits 3-year low

Arshad Warsi reminds netizens, 'A year ago this was our last normal week'

Dream of Sonar Bangla will be fulfilled: PM Modi at BJP's mega rally in Kolkata

Ranvir Shorey reveals taste and smell remain lost even after testing Covid negative

Kangana Ranaut: Was told I am too good an actor to be a Bollywood leading lady

Delnaaz Irani: Never said I want to be an A-list actress or Yash Raj heroine