Economy News

7 Bank frauds that have rocked Indian banking sector in 2018

Until now 2018 has seen a string of bank frauds and scams across India and has raised questions about the governance and credit managing practices at private and public sector banks.

Mar 31, 2018

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Markets weekahead: RBI monetary policy, auto sales, macro data

The Indian markets will focus on the Reserve Bank of India's monetary policy review, auto sales, macro-economic data in the coming week.

Mar 31, 2018

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Karnataka Bank reports Rs 86 crore fraud: Mehul Choksi's Gitanjali Gems involved

Karnataka Bank has reported a fraud to Reserve bank of India amounting to Rs 86.47 crore in the fund based working capital facilities extended to Gitanjali Gems Limited.

Mar 29, 2018

ICICI Bank fined Rs 58.9 crore by RBI: Know why

The penalty news comes a day after ICICI Bank clarified it stands on the bank's loan exposure to Videocon Group.

Mar 29, 2018

TIME's 100 most influential people: Modi, Trump and Nadella in contenders list

The annual TIME 100 list features pioneers, most significant artists, titans, leaders, icons scientists, activists, and entrepreneur from around the world.

Mar 29, 2018

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What jobs growth? Employment rate actually fell under Modi govt

The employment rate in India shrank by 0.1 percent in the financial year 2015-16 and by 0.2 percent in 2014-15.

Mar 29, 2018

Linking Aadhaar with welfare schemes: Deadline extended to June 30

The government on Wednesday extended the last date for linking Aadhaar with welfare schemes including pensions, ration and mid-day meals in schools.

Mar 29, 2018

India's jobs challenge: Demographic dividend or botched up family planning?

The lure of joining the government is irresistible. It's like joining Genghis Khan's inner circle during the high noon of his empire.

Mar 28, 2018

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Bandhan bank is India's 8th most valued bank after its market debut

Bandhan Bank is now among India's 10 most valuable banks with a market cap of Rs 56,920.65 crore

Mar 28, 2018

Help improve Indian Railways: give suggestions and win Rs 10L

Indian railways has announced a public competition "How to Raise Money For Railways To Provide Better Services" and is asking people to share their ideas.

Mar 28, 2018

Missed filing tax return for past years? March 31 is the deadline

Last date for filing belated returns for Assessment Years 2016-17 and 2017-18 and revised returns for Assessment Year 2016-17 is March 31, 2018.

Mar 27, 2018

Tax changes for senior citizens that will come into effect from April

Here are the key income tax changes for the senior citizens in the country which will come into effect from April 1, 2018

Mar 27, 2018

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SBI, PNB and ATM service providers under tax scanner

To avoid payment of VAT and the wrongful claim of the tax credit, the revenue department's intelligence unit has started an investigation into certain banks and ATM service providers.

Mar 27, 2018

India is second largest steelmaker, ahead of Japan but behind China

China's production for February was 64.9 million tonnes (Mt), while India followed with 8.4 Mt. Japan produced 8.3 Mt, down 0.5 percent.

Mar 27, 2018

Indian bonds are no more selling like hot buns: Here's why

Foreign investors have sold a net $1.12 billion in Indian debt this month - the highest since December 2016, and are now on the verge of turning net sellers for the year.

Mar 27, 2018