Economy News

India's Infrastructure Fund to receive $1 bn from Abu Dhabi Investment Authority

This agreement will make ADIA get the tag of becoming the first institutional investor and a shareholder in the NIIF's Master Fund.

Oct 17, 2017

Govt gears up to implement Rs 1.2 lakh crore universal social security plan for poorest

The government is keen on rolling out this mandatory scheme by next year, ahead of the 2019 general elections. Read on to know more.

Oct 17, 2017

GST on AC and non-AC restaurants likely to be at same rate soon

The final decision is yet to be taken by the five-member GST council at the November 9 meeting.

Oct 16, 2017

inflation, retail inflation, inflation may 2017, rbi inflation target, rbi, pay commission, modi govt

Wholesale inflation cools to 2.6% in September from four-month high in August

And inflation in vegetable prices cooled to 15.48 percent in September as against a high of 44.91 percent last month.

Oct 16, 2017

Foreign firms lining up 5.5 lakh crore investment; 7 lakh jobs on the anvil

The country has recorded highest inflow of foreign direct investment (FDI) in tune of Rs 2.7 lakh crore ($43 billion) in financial year 2017, an increment of 9 percent from the previous year.

Oct 16, 2017

US Federal Reserve's new move could affect emerging economies: Jaitley

Jaitley said the highest priority for the government is to create new jobs as millions of young people enter the workforce every year.

Oct 15, 2017

India carried out structural reforms at right time, keeping long-term benefits in mind: Arun Jaitley

Targeting his critics — primarily Congress, Arun Jaitley said that BJP simply did what Congress couldn't do while in power.

Oct 15, 2017

After World Bank, IMF chief hails PM Modi's economic reforms; calls his efforts 'monumental'

The IMF and the World Bank chief have praised PM Modi's economic policies despite downgrading India's growth projections. Read on to know what the IMF chief said.

Oct 15, 2017

World Bank chief hails PM Modi's economic reforms; calls them 'significant'

While many experts have been blaming Narendra Modi for India's economic slowdown, World Bank chief Jim Yong Kim has a completely different view. Read on to know what Kim said about Modi.

Oct 13, 2017

Economic Advisory Council to the Prime Minister

PM Modi's economic council identifies 10 areas to spur growth, favours fiscal consolidation exercise

The advisory council opined that maintaining a fiscal consolidation roadmap is important, and warned the government against going for a stimulus at the cost of fiscal prudence.

Oct 12, 2017

mobile sales, mobile sales in india, handset makers, smartphones, smartphone makers in india

Economic downturn: Sales plunge 36% ahead of Diwali, traders blame demonetisation, GST

"The Current Situation Index (CSI) slipped further into the pessimistic zone, reflecting deterioration in sentiments on the employment scenario, the price level and income.": RBI

Oct 11, 2017

india, gdp, growth rate, q3 gdp data, india vs china, world's fastest growing economy

After IMF and ADB, World Bank lowers India's GDP growth forecast to 7%

The World Bank has said that India's growth rate may slow down to 7.0 percent in 2017 from the previous 8.6 percent in 2015 and the slowdown has been attributed to demonetisation and GST.

Oct 11, 2017

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan

India to attract Rs 19 lakh crore investment in oil sector in next 10 years: Dharmendra Pradhan

To stay abreast with country's growing energy demand, the government has set up an expert committee to receive advice on issues related to energy and plan a road-map for future.

Oct 11, 2017

layoffs, layoffs at it companies, it hiring, it recruitment, layoffs at wipro, layoffs at infosys, layoffs at capgemini, layoffs at cognizant, it stocks, tcs share price, h-1 b visa controversy

When will this slump end? IT hiring likely to dwindle further with more layoffs expected

While a hiring slump is expected to hit the industry, experts are also not ruling out the possibility of some more layoffs in the next 6-12 months.

Oct 10, 2017

An Indian security personnel stands guard in south of Srinagar

7th Pay Commission latest update: Dress allowance hiked for IFS, SPG, Navy officers

Dress allowance for IFS, SPG and Navy officers, and other officers hiked under the 7th Pay Commission.

Oct 9, 2017

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Economy News

India's Infrastructure Fund to receive $1 bn from Abu Dhabi Investment Authority

Govt gears up to implement Rs 1.2 lakh crore universal social security plan for poorest

GST on AC and non-AC restaurants likely to be at same rate soon

Wholesale inflation cools to 2.6% in September from four-month high in August

Foreign firms lining up 5.5 lakh crore investment; 7 lakh jobs on the anvil

US Federal Reserve's new move could affect emerging economies: Jaitley

India carried out structural reforms at right time, keeping long-term benefits in mind: Arun Jaitley

After World Bank, IMF chief hails PM Modi's economic reforms; calls his efforts 'monumental'

World Bank chief hails PM Modi's economic reforms; calls them 'significant'

PM Modi's economic council identifies 10 areas to spur growth, favours fiscal consolidation exercise

Economic downturn: Sales plunge 36% ahead of Diwali, traders blame demonetisation, GST

After IMF and ADB, World Bank lowers India's GDP growth forecast to 7%

India to attract Rs 19 lakh crore investment in oil sector in next 10 years: Dharmendra Pradhan

When will this slump end? IT hiring likely to dwindle further with more layoffs expected

7th Pay Commission latest update: Dress allowance hiked for IFS, SPG, Navy officers

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