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Economy News

sonia gandhi, rahul gandhi, congress, india, bjp, economy, gdp growth

Nehru-Gandhi dynasty should quit leadership to make Congress credible: Ambit analyst

Siddhartha Rastogi of Ambit Group says leaders outside the Nehru-Gandhi family have a better GDP growth rate track record. Jan 2, 2017
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

The I-T Dept will take action after identifying if deposits in Jan Dhan accounts belonged to somebody else. Jan 2, 2017
ippb bank post office india operations recruitment hiring ceo assistant manager

Comparison of interest rates on deposits by senior citizens after PM Modi's speech

Interest rates on deposits by senior citizens by post office are higher than that announced by PM Modi. Jan 1, 2017
market, spending, economic growth

Budget 2017: Increasing income tax exemption limit to Rs 5 lakh will revive demand, says Deloitte survey

The survey also highlighted that the National Pension Scheme withdrawal should be non-taxable just like the Provident Fund. Jan 1, 2017
india defence army navy air force exports production manohar parrikar modi govt nda bjp brahmos vietnam china pakistan terrorism threat skies production companies licence industrial

7th Pay Commission: SBI releases arrears for Army, Navy, Air Force pensioners

State Bank of India has released Rs 3,323.24 crore in arrears to defence pensioners on Friday. Jan 1, 2017
Aircraft

Air fares set to rise after jet fuel prices increase by 8% in the new year?

The new jet fuel prices came into effect from January 1, 2017. Jan 1, 2017
Reserve Bank of India

Demonetisation: RBI relaxes currency exchange norms for non-resident Indians

The facility of currency exchange for NRIs will be valid until June 30, 2017. Jan 1, 2017
Prime Minister Narendra Modi

Modi's demonetisation speech: 9 things that the PM said, from housing loan discounts to help for pregnant women

Here are nine important things the Prime Minister said during his televised address on Saturday. Dec 31, 2016
bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Bank credit growth data for November contradicts Arun Jaitley's claims

RBI data reveals bank credit growth rate for November 2016 slumped YoY; Arun Jaitley had claimed no disruption due to note ban. Dec 31, 2016
china news, india news, china, economy, modi,  Xi Jinping, rbi, pboc, gdp growth

China and India: Jinping downbeat on economic growth; Modi Govt bullish

Asset woes, financial vulnerability and Donald Trump's hawkish stance would slowdown China in 2017 in contrast to India. Dec 31, 2016
india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty

World's fastest-growing economy sees wild fluctuations in foreign exchange reserves

India's foreign exchange reserves hit a historic high in September 2016 but have been receding subsequently, reveals RBI data. Dec 31, 2016
bibek debroy, niti aayog, cash crunch, cashless economy, digital economy, digital india, cash-to-gdp ratio, india

Demonetisation: ATM cash withdrawal limit increased to Rs 4,500 per day; weekly limit remains unchanged at Rs 24,000

The RBI said that the limit on cash withdrawals would be in place until there is sufficient supply of new notes in the banking system. Dec 31, 2016
7th cpc, pay commission, nps, pension, nfir, letter to modi, railway employees

7th Pay Commission: Railway employees remind PM Modi about pension scheme, multiplier factor, salary

Railway employees want exemption from National Pension Scheme and implementation of "assurances" on multiplier factor in context of 7th pay commission proposals. Dec 30, 2016
digital india, cashless economy, pm modi, demonetisation, bank transactions, online banking, mobile banking

Digital India: Interesting trends emerge in push towards cashless economy

The push towards digital economy, or cashless economy, is not a runaway success, says Motilal Oswal Securities Ltd. Dec 30, 2016
New Rs 1000 note

Are these new Rs 1,000 currency notes real or fake? [PHOTO]

Here is a comprehensive study on the images of the new green Rs 1,000 currency notes being circulated on social media. Dec 30, 2016
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