Economy News

Hong Kong stops visa-free entry for Indians; introduces pre-arrival registration scheme

The decision is a major setback for more than half a million Indians who visit Hong Kong for vacations, trade and business purposes every year.

Dec 21, 2016

Union Cabinet gives nod for setting up Indian Enterprise Development Services

The move to form the Indian Enterprise Development Services is among a slew of decisions taken by the Union Cabinet on Wednesday.

Dec 21, 2016

Indian economy: India overtakes UK to become fifth largest economy in the world

Indian economy has overtaken the UK economy in GDP terms and the gap is expected to widen in the coming years.

Dec 21, 2016

I-T department raids Tamil Nadu chief secretary's residence, office; recovers Rs 30 lakh in new notes and 5 kg gold

Rama Mohana Rao was appointed the chief secretary this year in June.

Dec 21, 2016

Budget 2017: Economists tell Arun Jaitley they want implementation of 'out of box' ideas

The economists told Arun Jaitley that provisions should be made in the next Budget to curb the generation of black money.

Dec 21, 2016

Budget 2017: FM Arun Jaitley makes pertinent comments on railways

Railway fares are a sensitive issue, especially in the context of upcoming assembly elections; Arun Jaitley's comments are therefore important.

Dec 20, 2016

Why should the government know about lingerie purchases of a woman, asks Chidambaram

In an interview, former finance minister P Chidambaram dismisses the concept of cashless economy, raises fears of big data invading privacy.

Dec 20, 2016

Budget 2017: Will Modi Govt bite the bullet by reducing interest rates on small savings?

The government would have to do a balancing act with interest rates on small savings and elections in states while presenting Budget 2017.

Dec 20, 2016

Chennai: Income Tax dept raids businessman's house, recovers Rs 10 crore

The IT dept officials also recovered 6 kg of gold jewellery as part of the black money raids in the city.

Dec 20, 2016

IMF chief Christine Lagarde found guilty of misusing public funds as French minister; here's how it could affect the world

The case pertains to the €400 million payout Christine Lagarde sanctioned for a French businessman when she was the French finance minister.

Dec 19, 2016

Domestic air traffic: IndiGo, SpiceJet, Jet, Air India show divergent trends in November

Domestic air traffic data for November showed that business grew 22.4 percent YoY; IndiGo, SpiceJet, Jet Airways show interesting trends.

Dec 19, 2016

UP Assembly elections 2017: Rahul Gandhi bats for farmers again; how big is his strategy?

Rahul Gandhi is looking to woo farmers big time before the elections as they make a large vote bank in the state.

Dec 19, 2016

Demonetisation will help government earn Rs 2-3 lakh crore in taxes: Manohar Parrikar

The RBI has, meanwhile, imposed restrictions on depositing more than Rs 5000 in old currency notes.

Dec 19, 2016

Demonetisation: How key indicators moved in the world's fastest growing economy after PM Modi's currency ban

The first month (November) of demonetisation by PM Narendra Modi was packed with bad news except civil aviation and inflation.

Dec 19, 2016

Budget 2017: Railways plans new Mumbai-Goa superfast train; separate agency to recommend fares

Railways will also provide Rs 40,000 crore for city projects to develop and strengthen the network and ensure speedy transit.

Dec 19, 2016