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Economy News

Securities and Exchange Board of India

Sebi allows mutual funds to invest in REITs and InvITs, but with strict riders

The market regulator also allowed celebrity endorsements of mutual funds at an industry level, but not a particular scheme or as a branding exercise of a mutual fund house. Jan 15, 2017
India consumer electrical sector

Demand in India's consumer electricals sector likely to revive in 3-4 months: Nirmal Bang

Footfalls have rebounded to around 70% of the pre-demonetisation level compared with only 20% in November last year, according to the brokerage. Jan 14, 2017
india news, india exports, india imports, india external trade, india trade deficit

India's exports rise 6% in December; trade deficit shrinks sharply

December trade update: Exports up $23.88 billion, imports $34.25 billion, gold imports down 48 percent, trade deficit at $10.3 billion Jan 13, 2017
india news, india consumer inflation, india factory output, demonetisation, cash crunch, pm modi

India: December inflation, November factory output (IIP) suggest gloom, not cheer for Modi Govt

Inflation fall was mainly due to persisting demonetisation woes while factory output (IIP) indicates disturbing trend at a cumulative level. Jan 13, 2017
Dr Subho Ray, President, IAMAI

Demonetisation is a Black Swan moment for Digital India, says IAMAI president Subho Ray

Subho Ray, President of IAMAI, on Digital India after demonetisation and his wish list from Budget 2017: an exclusive interview Jan 13, 2017
India job market

India to have more jobless in 2017-18: UN report

However, unemployment is expected to fall in 2017-18 in developed countries – especially in Europe, the US and Canada. Jan 13, 2017
IT spending 2017

Global IT spending to grow at muted 2.7% in 2017 due to political headwinds

However, emerging markets will drive a rebound in spending on devices like PCs and smartphones in 2018, research firm Gartner said in a report. Jan 13, 2017
corruption in india, cpi, 22nd edition of cpi, transparency international, pm modi, black money in india

Corruption Perception Index for 2016 to be released on January 25; India's ranking will be keenly watched

Berlin-based Transparency International's Corruption Perception Index (CPI) ranks countries on the basis of surveys and assessments. Jan 12, 2017
cigarette smoking, tobacco smoking cancer, cigarette related diseases, WHO on cancer, WHO on cigarettes

Cigarette smoking costs $1 trillion annually says WHO; India has second-largest number of smokers

The combined costs of healthcare expenditure and lost productivity is about $1 trillion every year, says World Health Organisation (WHO). Jan 12, 2017
urjit patel, rbi governor, vibrant gujarat 2017, pm modi, budget 2017, fm arun jaitley

RBI governor Urjit Patel conveys subtle message to Modi Govt before Budget 2017

At the International Financial Services Centre (IFSC), RBI chief Urjit Patel speaks about government debt, inflation and interest subvention. Jan 12, 2017
retail inflation, consumer inflation december, india, rbi inflation target, iip november, dbs bank

India's consumer inflation for December estimated at 3.6%: DBS Bank

For November, retail (consumer) inflation fell to a two-year low of 3.63 percent, largely due to demonetisation-induced slowdown. Jan 11, 2017
FTA tourist arrivals foreigners india, e-tourists, foreign tourists

Foreign tourist footfall on e-tourist visa rises 56% in December

The United Kingdom continues to occupy the top slot, followed by USA and Russia among all the countries availing e-tourist visa facility, Ministry of Tourism said. Jan 11, 2017
Construction work

World Bank cuts India's growth forecast to 7%, after demonetisation

Despite the deceleration, India is predicted to retain its position as the world's fastest growing economy ahead of China. Jan 11, 2017
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

PM Modi at Vibrant Gujarat 2017: India on the threshold of becoming world's most digitised economy

Addressing the inauguration ceremony of Vibrant Gujarat Global Summit, the PM said that the government is working to adopt and absorb newer technologies. Jan 10, 2017
budget 2017, consumption growth, redistribution of wealth, pm modi, fm arun jaitley, mosl, taxes

Budget 2017: PM Modi playing Robin Hood would be unsustainable for India

A cash-rich Modi government after demonetisation would be tempted to spur consumption growth by redistributing wealth using Budget 2017. Jan 10, 2017
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