Economy News

Narendra Modi's Independence Day speech: Prime Minister gets it wrong on inflation

During his Independence Day speech, PM Narendra Modi said inflation has been contained below 6 percent, a factually wrong statement.

Aug 15, 2016

FM gives nod to merge Rail, Union Budget from next fiscal

Finance Ministry accepts Railway Minister Suresh Prabhu's proposal to club Rail and Union budgets.

Aug 14, 2016

Brexit is win-win for India-UK ties, says UK minister Priti Patel

Priti Patel, Secretary of State for International Development, U.K., is on an official visit to India to strengthen ties.

Aug 13, 2016

India's July retail inflation stays above RBI target

The outlook for core inflation remains uncertain due to a shrinking output gap and an expected pick-up in demand-driven price pressures, following full implementation of a major hike in government salaries and pensions.

Aug 12, 2016

Ticketless travel continues to bleed Indian Railways

The menace of ticketless travel is spread across India, as revealed by periodical checks and penalty collected by the Indian Railways.

Aug 12, 2016

Weeks after exiting EU, Britain likely slipping into mild recession

According to a Reuters poll, Britain's economy would contract 0.1% this quarter and in the next, technically meeting the definition of recession.

Aug 11, 2016

7th Pay Commission: Central government employees can expect revised allowances by November

Finance Minister Arun Jaitley informed the Rajya Sabha about the panel to examine the allowances proposed by the 7th Pay Commission.

Aug 11, 2016

Foreign tourist arrivals on e-Tourist visa rises 219% in July

Since February 2016, the e-Tourist visa facility has been extended to 150 countries.

Aug 11, 2016

China halts work on $15 billion nuclear waste project after protests

A Chinese city has suspended work on a proposed 100 billion yuan ($15 billion) nuclear waste processing plant following protests

Aug 10, 2016

RBI soaking foreign inflows to curb impact on rupee, Rajan says

RBI Governor Raghuram Rajan said the central bank is regularly buying dollars to prevent the rupee from becoming too volatile.

Aug 10, 2016

India facing acute ATC shortage amid fleet expansion by airlines

One third of India's ATC positions are vacant on account of lack of competitive remuneration and facilities.

Aug 10, 2016

Illegal construction in Bangalore: Developers in firing line after home buyers, BBMP officials

A government report by K B Koliwad MLA in January had identified Sobha, Prestige among real estate companies encroaching lakebeds and public land.

Aug 10, 2016

7th Pay Commission: How India Inc. could benefit from salary hike to Central govt employees

The hike could benefit firms dealing in phones, vehicles and home appliances, shows a Tata Strategic Management Group study.

Aug 9, 2016

China warns UK over £18 billion nuclear power deal

Britain said it wanted closer ties with China, but resisted pressure to sign off on a $24 billion nuclear power project.

Aug 9, 2016

RBI monetary policy review: Yes Bank, SBI, ICICI Bank, Mahindra, Kotak, Muthoot Fincorp, others respond to Rajan's statement

Bankers and industrialists from ICICI Bank, SBI, Mahindra, Muthoot have responded to Rajan's monetary policy statement of Aug. 9.

Aug 9, 2016