Economy News

7th Pay Commission: SBI offers cheaper home loans to govt employees after salary hike

State Bank of India wants to cash in on the higher repaying capacity of Central government employees after pay panel recommendations.

Aug 2, 2016

Rajya Sabha likely to pass GST Bill on Wednesday

Parliamentary Affairs Minister Anant Kumar said that he was hopeful the bill would be passed through consensus.

Aug 2, 2016

Global politics, local bad loans to slow credit growth in India for FY17

Brexit and political crises elsewhere threaten global growth and consequent capital inflows to India, says a survey by Ind-Ra.

Aug 1, 2016

Domestic two-wheeler sales in July: Royal Enfield motorcycle volumes up; TVS Motor, Hero Motocorp also post growth

Sales of Royal Enfield motorcycle increased 31 percent; Hero Motocorp and TVS Motor also post robust growth.

Aug 1, 2016

Domestic car sales in July: Maruti Suzuki, Hyundai, Mahindra, Renault, Toyota Kirloskar post growth; Honda reports decline

Maruti Suzuki,Hyundai Mahindra, Renault, Toyota Kirloskar post growth in domestic car sales for July; Honda Cars India reports fall.

Aug 1, 2016

Domestic car sales in July: How Maruti Suzuki, Tata Motors, Mahindra, Bajaj Auto and Hero Motocorp likely performed

Domestic car sales for July may reveal mixed trends for Maruti Suzuki, Tata Motors, Bajaj Auto and Hero Motocorp, says analysts at Nirmal Bang.

Jul 30, 2016

7th Pay Commission: Govt to pay salary arrears for 7 months in August

The Narendra Modi government will be paying salary arrears for seven months in August, implementing the 7th Pay Commission proposals.

Jul 30, 2016

GST Bill: Modi Govt to table legislation in Rajya Sabha next week

Most of the political parties are on board, says the Narendra Modi government, hoping the Goods and Services Tax Bill will be passed by the Rajya Sabha.

Jul 30, 2016

RBI governor Raghuram Rajan likely to leave interest rates unchanged on August 9: Analysts

The monetary policy statement will be Rajan's last; his term ends on Sept.4, before the next statement due on Oct. 4.

Jul 29, 2016

7th Pay Commission: Railway Minister Suresh Prabhu worries about impact of salary hike proposals on finances

Railway Minister Suresh Prabhu spoke of the financial burden due to the 7th Central Pay Commission's proposals on railway's finances.

Jul 29, 2016

India's first container trans-shipment port by Adani to get Rs. 16 billion govt funding

Aside from Adani's Vizhinjam port, Modi govt plans to build a similar port at Enayam in Tamil Nadu.

Jul 28, 2016

Top Obama administration official to speak on India-U.S. economic relations in Delhi

Adewale "Wally" Adeyemo will be speaking on India-U.S. economic relations even as Hillary Clinton and Donal Trump aggressively campaign back home.

Jul 28, 2016

Railway passengers can buy travel insurance on paying premium of Re. 1

In the event of death or permanent total disability, the railways will pay a compensation of Rs. 10 lakh to the kin.

Jul 28, 2016

Black money crackdown: Taxman finds over 7,000 Bangaloreans in 'high-value and sensitive' transactions

As part of its crackdown on tax evaders and black money suspects, the Modi government has identified over 7 lakh "high value" transactions.

Jul 28, 2016

Bank strike imminent after talks fail; 10 lakh employees from 80,000 branches to participate

The one-day strike on July 29 is a reality after a last-minute attempt to avert it during a meeting between bank unions, government and IBA.

Jul 27, 2016