Economy News

India's foreign exchange reserves at record high of $367.76 billion

The foreign exchange reserves of India rose $989.5 million for the week ended Sept. 2, according to RBI data.

Sep 9, 2016

Government to monetise Wakf properties for constructive use

The move will also ward off "Wakf mafia" who have been encroaching vacant properties since the Wakf Board was set up.

Sep 9, 2016

Railways could lose passengers to airlines due to flexi-pricing

Despite rising rail fares, state-run carrier Air India said it will not increase last minute airfares or on tickets booked four hours before takeoff.

Sep 9, 2016

Railways counters opposition to flexi-pricing with innovative infographics, charts

Indian Railways tweeted a chart that compares train travel costs (non-premium) to the cost of brooms and apples.

Sep 9, 2016

Karnataka Bandh: Too many strikes may lead to cancellation of Christmas vacation in schools

Schools in Bangalore have already been forced to remain shut for more than six days so far this academic year.

Sep 9, 2016

India's free trade pact with ASEAN questionable: Assocham

The free trade agreement with the 10-nation bloc did not help India as imports rose but exports dropped, creating trade imbalance.

Sep 8, 2016

Car sales up 9.53%, passenger vehicles sales jump 16.68% in August

Vehicle sales across categories registered a growth of 23.72 percent to 20,10,794 units from 16,25,332 units in August 2015.

Sep 8, 2016

'Indo-French project 'Swachh Neer' aims to tackle water scarcity'

The project aims to solve rising water problems in both the countries by developing technologies for recycling and recovery of waste water.

Sep 8, 2016

GST Bill receives President's assent

The Goods and Services Tax (GST) Bill was approved by President Pranab Mukherjee on Thursday.

Sep 8, 2016

Mamata Banerjee urges investors in Germany to forget Singur, invest in Bengal

Leading a business delegation, Banerjee assured investors of every possible support from the state government.

Sep 8, 2016

Domestic air passenger traffic increases 26% in July

The air travel demand in India surged 26.2 percent in July as against the average global demand of 3.8 percent.

Sep 8, 2016

World Tourism Day 2016: Bangkok to host U.N. event

Thailand capital Bangkok will host this year's World Tourism Day on September 27, 2016.

Sep 7, 2016

Singapore Exchange to sell stake in BSE

The announcement comes at a time when the BSE said it will file its draft prospectus for IPO early next month.

Sep 7, 2016

Jaitley reiterates commitment to GST, rules out privatisation of govt banks

Arun Jaitley said the country's economic policy must deliver growth benefits to the citizens.

Sep 7, 2016

RBI deputy governor R Gandhi to head monetary policy department

The portfolios of the deputy governors at the Reserve Bank of India were revised on the day Raghuram Rajan handed over governorship to Urjit Patel.

Sep 7, 2016