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Economy News

India's job confidence is highest in Asia Pacific market; does it reflect the ground reality?

India's job confidence is highest in the Asia Pacific market according to Michael Page Job Applicant Confidence Index Q2 2017. Aug 2, 2017
rbi governor, garima kapoor, elara securities, rbi governor urjit patel, rbi repo rate

RBI Monetary Policy: Repo rate cut by 25 bps, policy stance neutral

Following the decision, the benchmark repo rate stands reduced to six percent from 6.25 percent. Accordingly, the reverse repo rate has been pegged down to 5.75 percent from previous six percent. Aug 2, 2017
Chinese goods boycot

Sikkim standoff: How affected are Chinese firms in India amid calls of boycott?

How are Chinese firms doing in India amid calls for boycott of Chinese goods from various quarters? Find out. Aug 2, 2017
tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Restructured bank loans fall in FY17: Report

The fall is significant when compared to the preceding two financial years. Aug 1, 2017
Arvind Panagariya

Arvind Panagariya quits as NITI Aayog vice-chairman

Arvind Panagariya wants to return to Columbia University as he has exhausted his leave of absence. The PM has accepted the resignation and his last day in office will be August 31. Aug 1, 2017
India pharma sector, pharmaceutical companies, pharma, pharma companies

Rs 8,450 crore deal: Has Modi govt blocked China's biggest acquisition in India?

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has reportedly decided to block a Chinese firm's deal with Hyderabad-based Gland Pharma. Aug 1, 2017
note ban, demonetisation, rbi, modi govt, currency, rs 100 note, fm jaitley, arun jaitley, indian economy, atm, cash deposit

Interest rate cut on savings deposits augurs well for banks, say Nomura analysts

If all banks reduce interest rate on savings deposits, public sector lenders stand to gain more than others. Aug 1, 2017
daily petrol price, daily diesel price, fuel prices in india, indian economy, india crude oil imports, petrol pumps, ioc, hpcl, bpcl

Why Indians will pay more for buying petrol and diesel starting August 1

The All India Petroleum Dealers Association has been considering hiking petrol price by Rs 1 per litre and Rs 0.72 per litre for diesel. Aug 1, 2017
Boeing 737 MAX

Boeing bullish on Indian Govt's regional connectivity scheme

Calling it the "highest forecast" for the country, Boeing said that India will have a 5.1 percent share of the total global demand for aircraft, which it estimates to be about 41,030. Aug 1, 2017
azure power, solar power projects in india, india energy, india solar power, modi govt solar projects

Sikkim standoff: Boycotting Chinese goods will backfire on India, Chinese media claims

A Chinese daily has said that plans by India to boycott Chinese goods could end up backfiring on the country. Read to know how right or wrong they are. Aug 1, 2017
GST protests

Above the table: GST gets it right on the money

The landmark reform's biggest loophole will appear in the form of our systemic inability to discard old paradigms. Jul 31, 2017
President Pranab Mukherjee and Prime Minister Narendra Modi

GST is a historic achievement: PM Narendra Modi

Over 12 lakh businesses have applied for fresh registration under the GST, revenue Secretary Hasmukh Adhia said. Jul 30, 2017
Santosh Singh Gangwar

No plan to shift to Jan-Dec financial year from 2018: Minister

Though discussions on shifting the financial year to January-December instead of April-March are still on within the government, the change will not happen next year, Minister of State for Finance has said. Jul 30, 2017
Zojila Pass view

IL&FS bags Rs 4,899-crore Zojila tunnel project in rebidding

IL&FS earlier constructed the 10.89-km Chenani-Nashri tunnel on the Jammu-Srinagar Highway, inaugurated by Prime Minister Narendra Modi in April this year. Jul 29, 2017
ONGC gas prices

ONGC gets govt go-ahead to buy 80% in GSPC for Rs 7,738 cr

Debt-ridden GSPC has made nine gas discoveries in the Bay of Bengal block, of which three have been approved for development. Jul 28, 2017
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