Economy News

India's manufacturing PMI hits 13-month high in August

The country's manufacturing PMI rose to 13-month high in August to 52.6 on the back of domestic and export orders, according to IHS Markit Nikkei India PMI.

Sep 1, 2016

Jet fuel prices fall 3.8% in September, aviation stocks rise

The new aviation turbine fuel prices will be effective from September 1.

Sep 1, 2016

PM Modi approves advancing Union Budget presentation

Prime Minister Narendra Modi has set March 30 as the date for parliament approval for the general budget.

Sep 1, 2016

India grows at slowest pace in six quarters; mining, construction disappoint

India, the world's fastest-growing economy, grew at 7.1 percent in June quarter as against 7.9 percent in March quarter.

Aug 31, 2016

Diesel car sale ban: SC delivered Rs. 4,000 crore blow, says auto industry body Siam

In December last year, the Supreme Court imposed a ban on sales of diesel cars in Delhi; the ban was lifted early this month.

Aug 31, 2016

7th Pay Commission: Salary arrears for seven months credited to bank accounts of pensioners

The arrears for seven months and revised pension for August as recommended by 7th pay commission were credited on Tuesday.

Aug 31, 2016

Cabinet grants Permanent Residency Status to foreign investors

The Permanent Residency Status will be granted for a period of 10 years with multiple entry in a bid to attract investments.

Aug 31, 2016

IOC, HPCL, BPCL to form joint venture for managing jet fuel sales

Airports Authority of India is expected to hold 25 percent equity stake in the joint venture.

Aug 31, 2016

Bharat bandh: Trade unions reject Modi Govt sops to workers; firm on September 2 strike

Trade unions refused to call off their September 2 strike call despite FM Arun Jaitley announces higher daily wages, bonus for Central govt staff.

Aug 30, 2016

Pension freedoms: Five biggest risks to taking out your savings early

465,000 people have taken cash out of their private pensions since the rules were introduced in 2015.

Aug 30, 2016

RBI focused on bringing inflation down to 4%, says governor Raghuram Rajan

Rajan also warned that "room to cut policy rates can emerge only if inflation is projected to fall further."

Aug 30, 2016

Indian Railways hits upon new idea to tackle land encroachment

The idea was suggested to the Indian Railways by Prime Minister Narendra Modi at a meeting.

Aug 30, 2016

Ratan Tata, Nandan Nilekani, Vijay Kelkar team up for micro-finance firm

Avanti Finance will apply for registration to the RBI in a few days and will begin operations before the present fiscal ends.

Aug 30, 2016

Tourism secretary visits China in bid to attract investments

The Ministry of Tourism will organise a three day tourism summit from Sept. 21 to 23.

Aug 29, 2016

With govt on board, airlines may soon start offering in-flight Wi-Fi

The civil aviation secretary said last week that passengers could soon be allowed to use internet on domestic flights.

Aug 28, 2016