Economy News

GST Bill: Modi Govt to table legislation in Rajya Sabha next week

Most of the political parties are on board, says the Narendra Modi government, hoping the Goods and Services Tax Bill will be passed by the Rajya Sabha.

Jul 30, 2016

RBI governor Raghuram Rajan likely to leave interest rates unchanged on August 9: Analysts

The monetary policy statement will be Rajan's last; his term ends on Sept.4, before the next statement due on Oct. 4.

Jul 29, 2016

7th Pay Commission: Railway Minister Suresh Prabhu worries about impact of salary hike proposals on finances

Railway Minister Suresh Prabhu spoke of the financial burden due to the 7th Central Pay Commission's proposals on railway's finances.

Jul 29, 2016

India's first container trans-shipment port by Adani to get Rs. 16 billion govt funding

Aside from Adani's Vizhinjam port, Modi govt plans to build a similar port at Enayam in Tamil Nadu.

Jul 28, 2016

Top Obama administration official to speak on India-U.S. economic relations in Delhi

Adewale "Wally" Adeyemo will be speaking on India-U.S. economic relations even as Hillary Clinton and Donal Trump aggressively campaign back home.

Jul 28, 2016

Railway passengers can buy travel insurance on paying premium of Re. 1

In the event of death or permanent total disability, the railways will pay a compensation of Rs. 10 lakh to the kin.

Jul 28, 2016

Black money crackdown: Taxman finds over 7,000 Bangaloreans in 'high-value and sensitive' transactions

As part of its crackdown on tax evaders and black money suspects, the Modi government has identified over 7 lakh "high value" transactions.

Jul 28, 2016

Bank strike imminent after talks fail; 10 lakh employees from 80,000 branches to participate

The one-day strike on July 29 is a reality after a last-minute attempt to avert it during a meeting between bank unions, government and IBA.

Jul 27, 2016

With states agreeing on 4 key issues, has BJP really cracked the GST code?

With top four concerns of states addressed, the ruling BJP could now rally support of non-Congress members in the Rajya Sabha.

Jul 27, 2016

India considers relaxing visa policy to attract more trade, investment

A new proposal by the commerce ministry suggests that business visa should be incorporated into the non-work visa category.

Jul 27, 2016

'Absence of resources stops Indian carriers from flying international'

Lack of finances stops the airlines from using bilateral air-traffic rights, says Minister of State for Civil Aviation Jayant Sinha.

Jul 27, 2016

State Bank of India writes off bad loans worth Rs. 15,763 crore in FY2016

Public sector banks wrote off bad loans worth Rs. 59,547 crore in FY2016; SBI topped the list with Rs. 15,763 crore.

Jul 27, 2016

Raghuram Rajan debunks critics on inflation, credit growth, bad loans

At the 10th Statistics Day Conference 2016 held on Tuesday, RBI Governor Raghuram Rajan took on those who flayed him for his monetary policy.

Jul 26, 2016

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in June

Here is how Jet Airways, Go Air, AirAsia India,IndiGo, Vistara, Air India and Pegasus performed in June.

Jul 26, 2016

7th Pay Commission notification issued; employees to get higher salary from August

Now minimum monthly salary, as proposed by the 7th CPC, will be Rs. 18,000 as against Rs. 7,000 paid currently.

Jul 26, 2016