Economy News

SBI cuts base rate to 8.65% to benefit retail borrowers

With this reduction from the earlier base rate of 8.95 percent, SBI's base rate has become the lowest among commercial banks, coming as a relief to its many retail borrowers, particularly of home and student loans.

Jan 1, 2018

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A flashback to 5 major economic events in 2017

Besides the implementation of demonetisation and Goods and Services Tax (GST), read to know the other major economic events that India witnessed in 2017.

Dec 30, 2017

Electronic goods made in India exceeds imports for the first time in 2016-17

Domestic manufacturing has gained momentum and witnessed a strong growth over the past three financial years.

Dec 30, 2017

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Modi govt overshoots full year fiscal deficit target of 3.2% in November itself

Data released by the Controller General of Accounts (CGA) revealed that during April to November period, government's fiscal deficit was 112 percent of its Rs 5.5 trillion budgetary target.

Dec 29, 2017

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Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

The report further stated that seasonal factors are expected to contribute to a shrinking of the current account deficit to below $5 billion in fourth quarter of fiscal 2018.

Dec 28, 2017

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Modi government to come up with banking reforms in New Year

"Reform agenda is the highest priority which has to be implemented along with capitalisation," said Financial Services Secretary Rajiv Kumar.

Dec 28, 2017

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Following the Centre's decision of borrowing, it is almost certain that the government will breach the fiscal deficit target this financial year, adversely affecting government's financials.

Dec 28, 2017

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Govt to borrow additional Rs 50,000 crore in Jan-March, might miss fiscal deficit target

The move could also hit the bond and equities markets.

Dec 28, 2017

Bharatmala project: Road transport ministry seeks additional Rs 25,000 crore to decongest cities' traffic

With the Rs 25,000 additional fund the ministry also proposed to offer financial aid to states to procure electric bus and personal rapid transport initiatives.

Dec 27, 2017

Fiscal woes may worsen as GST collections fell to lowest in November

The decline in tax collection will amplify the Centre's fiscal concerns ahead of the Union Budget, scheduled for February next.

Dec 27, 2017

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

It will be the first time that the Indian economy will catch up and overtake the UK and France.

Dec 27, 2017

November 2017 GST collection falls for 2nd month to Rs 80,808 crore

The total revenue collected under the GST kept falling for the second straight month to Rs 80,808 crore in November from Rs 83,346 crore in October.

Dec 26, 2017

India gets first AC local: 7 things to know about train flagged off in Mumbai

Here are 7 things you must know about India's first AC local, which was flagged off in Mumbai.

Dec 25, 2017

India's plan to go all-electric with cars by 2030 'not viable,' impedes better technology: Mercedes India chief

Mercedes-Benz Managing Director and Chief Executive Roland Folger has said India's plan for all-electric cars by 2030 may be too short-sighted.

Dec 24, 2017

3 landmark economic reforms introduced in India in 2017

World Bank president Jim Yong Kim said the economic reforms undertaken by the government are 'significant'.

Dec 24, 2017

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Economy News

SBI cuts base rate to 8.65% to benefit retail borrowers

A flashback to 5 major economic events in 2017

Electronic goods made in India exceeds imports for the first time in 2016-17

Modi govt overshoots full year fiscal deficit target of 3.2% in November itself

Current account deficit to rise to $12-15 billion in fiscal 2018: ICRA

Modi government to come up with banking reforms in New Year

Centre's Rs 50,000 cr borrowing to push bond yield high, to worsen govt's financials further

Govt to borrow additional Rs 50,000 crore in Jan-March, might miss fiscal deficit target

Bharatmala project: Road transport ministry seeks additional Rs 25,000 crore to decongest cities' traffic

Fiscal woes may worsen as GST collections fell to lowest in November

India to leapfrog UK and France to become 5th largest economy in 2018, 3rd by 2027: Report

November 2017 GST collection falls for 2nd month to Rs 80,808 crore

India gets first AC local: 7 things to know about train flagged off in Mumbai

India's plan to go all-electric with cars by 2030 'not viable,' impedes better technology: Mercedes India chief

3 landmark economic reforms introduced in India in 2017

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react