Economy News

'Absence of resources stops Indian carriers from flying international'

Lack of finances stops the airlines from using bilateral air-traffic rights, says Minister of State for Civil Aviation Jayant Sinha.

Jul 27, 2016

State Bank of India writes off bad loans worth Rs. 15,763 crore in FY2016

Public sector banks wrote off bad loans worth Rs. 59,547 crore in FY2016; SBI topped the list with Rs. 15,763 crore.

Jul 27, 2016

Raghuram Rajan debunks critics on inflation, credit growth, bad loans

At the 10th Statistics Day Conference 2016 held on Tuesday, RBI Governor Raghuram Rajan took on those who flayed him for his monetary policy.

Jul 26, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in June

Here is how Jet Airways, Go Air, AirAsia India,IndiGo, Vistara, Air India and Pegasus performed in June.

Jul 26, 2016

7th Pay Commission notification issued; employees to get higher salary from August

Now minimum monthly salary, as proposed by the 7th CPC, will be Rs. 18,000 as against Rs. 7,000 paid currently.

Jul 26, 2016

Subir Gokarn will make a suitable central bank governor: Former RBI chief D Subbarao

Subir Gokarn's name has been doing the rounds as a possible candidate to replace Raghuram Rajan.

Jul 26, 2016

Oil prices edge away from 3-month lows, but mood remains bearish

Brent hit its lowest level since May the previous day, while WTI hit its lowest level since April.

Jul 26, 2016

LED bulbs: EESL warns against fake websites using PM Modi's image to cheat consumers

The Modi government has warned against fraudulent websites selling LED bulbs under the UJALA programme.

Jul 25, 2016

Central Vigilance Commission expands probe into alleged Rs. 580 crore excise duty evasion by Cadbury

The Central Vigilance Commission has sought information from U.S. authorities over the alleged excise duty evasion.

Jul 25, 2016

Crude stays near two-month low on oil glut worries

A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped relieve pressure on crude futures.

Jul 25, 2016

Govt eases eligibility for start-up businesses, just 1 certificate required

The certificate would be enough for the start-up firms to avail Intellectual Property Rights (IPR) and tax benefits from the govt.

Jul 24, 2016

India receives surplus rainfall till July 20; sowing activity picks up momentum

Sowing is in full swing across India after the southwest monsoon rainfall until July 20 has been on expected lines.

Jul 23, 2016

Top G20 nations need to spend more for global growth: IMF

Large infrastructure projects have the power to boost short-term demand directly and catalyse private investment.

Jul 23, 2016

India's financial inclusion may not mean well-being of its citizenry

Though India's growth rate was strong, it was slightly less effective in converting growth into well being measured by income levels.

Jul 22, 2016

7th Pay Commission effect? Tamil Nadu govt hikes salary provision for employees, pensioners in budget 2016-17

Jayalalithaa's AIADMK government raises provision for salaries of employees while PM Modi is indecisive on implementing 7th pay commission.

Jul 22, 2016