Economy News

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

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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

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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

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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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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

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

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

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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

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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

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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

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

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Economy News

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

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

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

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

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

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

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

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

Govt expects economic growth to bounce back in coming quarters

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

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