Economy News

Bank union threatens to declare names of 7,000 wilful defaulters

The union has also demanded that criminal cases must be filed against wilful defaulters.

Jul 17, 2016

Gold imports fall for the fifth month in 2016, exports grow after 18 months

Growth in export of agricultural goods, chemicals, iron ore helps India break its 18-month contraction.

Jul 16, 2016

Wall Street ends flat but futures slip after reports of Turkey coup

The military said it had seized power, but the prime minister said the attempted coup would be put down.

Jul 16, 2016

Business Optimism Index: India falls to third spot in June quarter

India continues to grace the top position on its potential to increase its revenue and exports, says a Grant Thornton report.

Jul 15, 2016

7th Pay Commission: Karnataka Govt employees may feel hopeful after Tripura hints at 'considering' salary hike

Karnataka state employees may see hopes of pay parity with Central government staff after Tripura government's comment on 7th pay commission.

Jul 15, 2016

Supreme Court appointed SIT wants cash transaction capped at Rs. 3 lakh, individual cash holding to Rs. 15 lakh

The team recommends framing a legal act to declare cash transactions above the limit of Rs. 3 lakh as illegal to check black money flows

Jul 14, 2016

7th Pay Commission: Tripura Govt hints at implementing salary hike proposals, increases DA by 4%

The Tripura government has hiked dearness allowance by 4 percent, benefiting about 2.09 lakh employees and pensioners.

Jul 14, 2016

Train travel between Delhi and Mumbai soon possible in less than 12 hours

At present, the Talgo hi-speed train is being tested using an Indian engine to check its compatibility on Indian tracks.

Jul 14, 2016

Not two-wheelers, India's oil sector needs petrol-guzzling cars to outdo China: Report

China's consumption of 2.8 million barrels of petrol a day is way ahead of India's 5,44,000 barrels, reported Reuters.

Jul 14, 2016

Mumbai: After 10 years, BEST now plans to reduce minimum bus fare

The Bombay Electric Supply & Transport Undertaking wants to draw more commuters to face the rising popularity of cab-hailing services.

Jul 14, 2016

Asian shares near eight-month peak on hopes of BoE rate cuts

MSCI's broadest index of Asia-Pacific shares outside Japan were down 0.1 percent in early trade but stood near its eight-month peak hit on Wednesday

Jul 14, 2016

One million bank employees to go on nationwide strike on July 29

The strike which was supposed to take place on July 12,3 has been deferred to July 29.

Jul 13, 2016

China Railway Corporation may bid for National Highway contracts in India

The value of the contracts is estimated to be between Rs. 35,000-40,000 crore, the Economic Times reported.

Jul 13, 2016

Arvind Panagariya: A look at Niti Aayog vice-chairman's profile and his views on Modi govt policies

Niti Aayog vice-chairman Arvind Panagariya is tipped to be appointed as RBI governor Raghuram Rajan's successor.

Jul 13, 2016

High retail inflation diminishes India's rate cut hopes

With prices of sugar, pulses and vegetables seeing double-digit annual increase, food inflation accelerated to 7.79 percent in June.

Jul 12, 2016