Economy News

Linking Aadhaar with welfare schemes: Deadline extended to June 30

The government on Wednesday extended the last date for linking Aadhaar with welfare schemes including pensions, ration and mid-day meals in schools.

Mar 29, 2018

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India's jobs challenge: Demographic dividend or botched up family planning?

The lure of joining the government is irresistible. It's like joining Genghis Khan's inner circle during the high noon of his empire.

Mar 28, 2018

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Bandhan bank is India's 8th most valued bank after its market debut

Bandhan Bank is now among India's 10 most valuable banks with a market cap of Rs 56,920.65 crore

Mar 28, 2018

Help improve Indian Railways: give suggestions and win Rs 10L

Indian railways has announced a public competition "How to Raise Money For Railways To Provide Better Services" and is asking people to share their ideas.

Mar 28, 2018

Missed filing tax return for past years? March 31 is the deadline

Last date for filing belated returns for Assessment Years 2016-17 and 2017-18 and revised returns for Assessment Year 2016-17 is March 31, 2018.

Mar 27, 2018

Tax changes for senior citizens that will come into effect from April

Here are the key income tax changes for the senior citizens in the country which will come into effect from April 1, 2018

Mar 27, 2018

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SBI, PNB and ATM service providers under tax scanner

To avoid payment of VAT and the wrongful claim of the tax credit, the revenue department's intelligence unit has started an investigation into certain banks and ATM service providers.

Mar 27, 2018

India is second largest steelmaker, ahead of Japan but behind China

China's production for February was 64.9 million tonnes (Mt), while India followed with 8.4 Mt. Japan produced 8.3 Mt, down 0.5 percent.

Mar 27, 2018

Indian bonds are no more selling like hot buns: Here's why

Foreign investors have sold a net $1.12 billion in Indian debt this month - the highest since December 2016, and are now on the verge of turning net sellers for the year.

Mar 27, 2018

Markets are bleeding, but Jeff Bezos adds $25 billion to his fortune

According to Bloomberg Billionaire Index, Jeff Bezos' net worth is $125 billion. He added $25 billion to his fortune since January 1, despite the massive sell-offs in global markets.

Mar 26, 2018

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UPI winning the race: India's homegrown payment system beats Visa, Mastercard

The interface is regulated by the RBI and works by instantly transferring funds between two bank accounts on a mobile platform.

Mar 26, 2018

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New record in outbound remittances: Know how much money Indians send abroad

According to Reserve Bank of India data, outbound remittances by individual residents reached $1.2 billion in January 2018.

Mar 26, 2018

Snub to US? China, India in $2.4bn deal to boost agri-products trade

The trade boost comes ahead of a proposed meeting between Commerce Minister Suresh Prabhu and his Chinese counterpart Zhong Shan in New Delhi this week.

Mar 26, 2018

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Indian applicants for US EB-5 visas seen plunging 80%: CanAm

The forecast comes amidst a proposal by the U.S. government to raise the investment amount from $0.5 million to $1.3 million for EB-5 visa applications by next year.

Mar 26, 2018

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Gold prices at 15-month high on US-China trade war

Trump has repeatedly said that he would take a tough stance on trade with China. It has now led to safe-haven buying and resulted in the gold prices reaching a 15-month high.

Mar 24, 2018