Economy News

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India's auto-component industry to grow 9-11% on higher car, two-wheeler sales

ICRA expects the industry-wide credit profile trends to remain stable, supported by robust demand from the OEM segment in the near term.

Dec 7, 2017

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Small shops will now pay less fee on debit card payments as RBI rejigs merchant discount rate

The new rates will be effective from 1st January 2018.

Dec 7, 2017

Indian Railways travellers will soon get incentives for booking tickets via digital transactions

Other incentives will include offering free passenger insurance for cashless ticket purchases.

Dec 7, 2017

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RBI holds repo rate unchanged at 6%, maintains neutral stance

Following the decision, the benchmark repo rate stands at 6 percent, and the reverse repo rate remains unchanged at 5.75 percent and the central bank maintained a neutral policy stance.

Dec 6, 2017

GST makes it tough to evade taxes: Finance Secretary Hasmukh Adhia

The government on Tuesday also announced incentives worth Rs 8,450 crore to boost exports of goods and services.

Dec 6, 2017

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GST impact: Services PMI hit three-month low in November, Nomura 'surprised'

A composite PMI, which takes into account both manufacturing and services activity, fell to 50.3 from last month's 51.3.

Dec 5, 2017

Fitch lowers India's GDP outlook to 6.7%, says 'growth has repeatedly disappointed'

The US-based rating agency also lowered the country's growth forecast for 2019 fiscal to 7.3 percent from 7.4 percent.

Dec 5, 2017

Top 500 companies in India likely to face electronic tax scrutiny: Report

This electronic scrutiny will likely be introduced in the federal budget in February 2018.

Dec 5, 2017

India opposes e-commerce negotiations at WTO; submits formal document

India mainly opposed the negotiation because it fears that new rules could provide unfair market access to foreign companies, denting the fast-growing e-commerce platforms.

Dec 4, 2017

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RBI's views on economy incorrect; rate cut possible, says Modi's economic adviser

Goyal explained that the RBI's consumer price index (CPI) forecasts are wrong. She further said that the central bank's stance to keep interest rates high to keep inflation under control also didn't pay off.

Dec 4, 2017

GST on restaurants: Govt takes tough stand against association lobbying to restore input tax credit

The Centre thinks that there is no question of a review for restaurants under GST as the extent of the price increase is unjustified.

Dec 4, 2017

Iranian President inaugurates Chabahar port: Move bolsters Indian commerce and isolates Pakistan

For India, the Chabahar port is strategically important since the port will strengthen a trade route for land-locked Central Asian countries that would bypass rival Pakistan.

Dec 3, 2017

Q2 GDP: Manmohan Singh remains sceptical about economic turnaround, says 'too early to tell'

The September GDP figure did not take into account the small and medium sector, which suffered the most from demonetisation and hurried implementation of GST

Dec 3, 2017

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Indians travelling abroad paid 22% extra for last-minute flight tickets: Report

According to KAYAK, flights to Bangkok, Dubai and Bali are the top three destinations for Indian travellers.

Dec 2, 2017

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India's manufacturing activity accelerates in November on higher demand, new workers hired

The findings suggest that India is limping back to growth and might soon snatch back its title of the fastest growing major economy in the world in the coming quarters.

Dec 1, 2017

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Economy News

India's auto-component industry to grow 9-11% on higher car, two-wheeler sales

Small shops will now pay less fee on debit card payments as RBI rejigs merchant discount rate

Indian Railways travellers will soon get incentives for booking tickets via digital transactions

RBI holds repo rate unchanged at 6%, maintains neutral stance

GST makes it tough to evade taxes: Finance Secretary Hasmukh Adhia

GST impact: Services PMI hit three-month low in November, Nomura 'surprised'

Fitch lowers India's GDP outlook to 6.7%, says 'growth has repeatedly disappointed'

Top 500 companies in India likely to face electronic tax scrutiny: Report

India opposes e-commerce negotiations at WTO; submits formal document

RBI's views on economy incorrect; rate cut possible, says Modi's economic adviser

GST on restaurants: Govt takes tough stand against association lobbying to restore input tax credit

Iranian President inaugurates Chabahar port: Move bolsters Indian commerce and isolates Pakistan

Q2 GDP: Manmohan Singh remains sceptical about economic turnaround, says 'too early to tell'

Indians travelling abroad paid 22% extra for last-minute flight tickets: Report

India's manufacturing activity accelerates in November on higher demand, new workers hired

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