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Economy News

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
demonetisation rbi urjit patel finmin shaktikanta das press conference modi govt arun jaitley debate crisis notes bank rs 500 rs 1000

RBI Governor Urjit Patel says revival of economic growth has started: Report

MPC had clearly laid down inflation target of 4 percent and will strive to achieve that, keeping in mind the objective of growth, the governor said. Oct 9, 2017
Petrol pump

Fuel up: Over 54,000 petrol pumps to go on 24-hour nationwide strike on October 13

While 54,000 petrol pumps will go on a 24-hour strike on October 13, the All India Petroleum Dealers Association has no qualms calling for an indefinite strike on October 27 if their demands aren't met. Oct 9, 2017
GST Council meeting

All you need to know about new GST rates announced by Narendra Modi government

The Central government on Friday eased GST rules for small and medium-sized companies, reducing tax slabs in many cases. Read to know more. Oct 7, 2017
yes bank, yes bank under reported npas, bad loans of yes bank, yes bank share price, yes bank annual report

No rate cut, but still a great time to take loans, buy mutual funds

The repo rate currently stands at 6 percent after the Central Bank slashed it by 25 bps in the last monetary policy review on August 9. Oct 6, 2017
piyush goyal, modi ministers, coal minister, power minister, solar power, wind energy, bjp, nda, 3 years of modi govt

Innovation and mindset change can generate 1 million jobs in Railways: Goyal

The minister said that over the years the system created has been slow to move, eventually causing delays and reducing focus on costs and efficiency. Oct 5, 2017
startup, indian startups, indian start-ups, startups in india, nasscom, indian it, it layoff, it hiring

Hiring in India rises at the fastest pace in over six years

The Nikkei/IHS Markit Services Purchasing Managers' Index surged to 50.7 in September from 47.5 in August. Oct 5, 2017
Rajnish Kumar

Incoming SBI chief says bad debt numbers "will look better"

Reviving credit growth and resolution of stressed assets will be top priority for SBI, Rajnish Kumar said. Oct 5, 2017
Narendra Modi Modi government modi completes two years in office

Govt expects economic growth to bounce back in coming quarters

This optimism comes after the Reserve Bank of India slashed its growth projection to 6.7 percent from its previous forecast of 7.3 percent in the October monetary policy meeting held on Wednesday. Oct 5, 2017
pay commission 7th cpc allowances hike allowances rbi governor urjit patel statement comment central govt employees staff

RBI keeps policy rate unchanged at 6%, slashes growth forecast

In the latest RBI monetary policy meeting the most unprecedented decision was to slash the growth outlook for the current year from 7.3 percent to 6.7 percent. Oct 4, 2017
oil prices, rigging equipment, oil, crude oil

US becomes India's latest crude oil supplier

"It's a new chapter in the history of Indo-US trade, and for the oil and gas sector in both the countries," IOC tweeted. Oct 3, 2017
7th Pay Commission

7th Pay Commission latest update: Central govt employees may get another salary hike

The government of India could hike the salary of central government employees again and it could come into effect early next year. Oct 2, 2017
rupee tax collection indirect collection customs direct excise stt swachch bharat cess arun jaitley tweets finance ministry refund

Unstimulating: Fiscal deficit hovers at 96% of full-year target, dashes stimulus hopes

During the same period last year, fiscal deficit had touched 76.4 per cent of the full-year target Sep 30, 2017
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