Economy News

PM Modi's surgical strike on black money welcomed: See what the major companies are saying

Demonetisation: Modi govt unveils more measures to crackdown on black money hoarders

The government has also introduced an income disclosure scheme called the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016.

Nov 28, 2016

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7th Pay Commission: Salary hike to Central government employees not reflecting in GDP data

The April-September 2016 GDP data suggests pay hike to Central government staff did not give consumption boost.

Nov 28, 2016

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I-T department seizes Rs 40 crore worth of banned notes at Delhi bank

The sleuths recovered the soiled notes from a Kashmere Gate branch of Axis Bank in New Delhi.

Nov 28, 2016

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Indian economy cools down to 7.1% in September quarter

The GDP growth rate for H1, FY2017 is also 7.1 percent, as disclosed by Commerce and Industry Minister Nirmala Sitharaman on Monday.

Nov 28, 2016

Airports Authority of India to start digital payment for airport parking fees

The digital payment system will be applicable from November 29.

Nov 28, 2016

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India's last pre-demonetisation GDP figures likely to be released soon

The September quarter (Q2) economic growth data will be keenly analysed; Q3 data will factor in demonetisation-induced slowdown.

Nov 28, 2016

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RBI Governor Urjit Patel finally speaks on demonetisation; says govt working to 'ease pain of honest citizens'

Patel requested people to use debit cards and digital wallets instead of cash as it would make transactions easier and cheaper.

Nov 28, 2016

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Government using demonetisation to push for financial inclusion: Report

The Centre has asked state governments, banks and employers to open bank accounts for temporary and contractual workers.

Nov 28, 2016

India's earnings from medical tourism could exceed US $8 billion by 2020: Dr Prathap Reddy

The Chairman of the Apollo Hospitals Group, who has been giving us updates on Jayalalithaa, discusses healthcare needs, medical tourism and healthcare education in India.

Nov 28, 2016

Goa aims to go cashless from Dec 31, educates vendors about mobile payments

Defence Minister Manohar Parrikar held a meeting with banks on Saturday and said Goa will become the first to go cashless.

Nov 27, 2016

Bharat Bandh likely to be a flop show as most regional parties opt out

The Congress has also sidelined itself saying the BJP was falsely accusing it of calling for a Bharat Bandh on Monday.

Nov 27, 2016

Protesters March against the Land Acquisition Ordinance

Delayed infra projects risk cost overrun of Rs 1.77 lakh crore

In a flash report, the Ministry of Statistics and Programme Implementation highlighted that only 282 of the 1,167 infrastructure projects are on schedule.

Nov 27, 2016