Economy News

Govt's plan of changing financial year gets Niti Aayog's boost

The Niti panel, after a detailed review of the history and legal provisions, indicated its inclination to sync the fiscal year with the calendar year.

Jul 21, 2016

Asian shares at nine-month highs on inflow bets; dollar strong

Portfolio inflows to emerging market assets rose to the highest level in nearly three years last week

Jul 21, 2016

Govt turns down hiking foreign direct investment in print media to 49%

In November 2015, the government raised the limit for FDI in TV News to 49 percent.

Jul 20, 2016

India Inc's merger and acquisition deals hit $15.7 billion in H1 2016

The inbound transactions, however, hit a 6-year low as implications from global polity and Brexit referendum loomed large.

Jul 20, 2016

Mumbai-Ahmedabad bullet train fares to cost less than airfares

Rail minister Suresh Prabhu said the hi-speed train project would be cost-effective.

Jul 20, 2016

Germany announces 5G services pilot run in Berlin

A broadcast facility for the (5G) networks will be housed in a former radio-television facility near Berlin's Technical University.

Jul 19, 2016

Foreign tourist arrivals rises 7.3% in June

India earned about Rs. 10, 732 crore in foreign exchange earnings from Tourism last month.

Jul 18, 2016

Bank union threatens to declare names of 7,000 wilful defaulters

The union has also demanded that criminal cases must be filed against wilful defaulters.

Jul 17, 2016

Gold imports fall for the fifth month in 2016, exports grow after 18 months

Growth in export of agricultural goods, chemicals, iron ore helps India break its 18-month contraction.

Jul 16, 2016

Wall Street ends flat but futures slip after reports of Turkey coup

The military said it had seized power, but the prime minister said the attempted coup would be put down.

Jul 16, 2016

Business Optimism Index: India falls to third spot in June quarter

India continues to grace the top position on its potential to increase its revenue and exports, says a Grant Thornton report.

Jul 15, 2016

7th Pay Commission: Karnataka Govt employees may feel hopeful after Tripura hints at 'considering' salary hike

Karnataka state employees may see hopes of pay parity with Central government staff after Tripura government's comment on 7th pay commission.

Jul 15, 2016

Supreme Court appointed SIT wants cash transaction capped at Rs. 3 lakh, individual cash holding to Rs. 15 lakh

The team recommends framing a legal act to declare cash transactions above the limit of Rs. 3 lakh as illegal to check black money flows

Jul 14, 2016

7th Pay Commission: Tripura Govt hints at implementing salary hike proposals, increases DA by 4%

The Tripura government has hiked dearness allowance by 4 percent, benefiting about 2.09 lakh employees and pensioners.

Jul 14, 2016

Train travel between Delhi and Mumbai soon possible in less than 12 hours

At present, the Talgo hi-speed train is being tested using an Indian engine to check its compatibility on Indian tracks.

Jul 14, 2016