Economy News

PM Narendra Modi emulates Vajpayee on budgets

The NDA government scraps railway budget and merges it with the union budget, a paradigm shift in India's parliamentary history.

Sep 21, 2016

Tourism Summit 2016: India eyes multi-billion dollars in investments during 3-day event

IITIS 2016 comprises meetings, seminars for various stakeholders such as travel agents, investors and government.

Sep 21, 2016

7th Pay Commission: Panel appointed to examine allowances could submit report soon

The committee headed by finance secretary was formed in June to look at hike in allowances.

Sep 20, 2016

India earns $15 billion from foreign tourist arrivals in 2016

During January to August this year, 5.59 million foreign tourists visited India, spending $14.92 billion, shows government data.

Sep 20, 2016

Domestic Air Traffic: How IndiGo, Jet Airways, SpiceJet, other airlines performed in August

IndiGo continues to lead as the largest carrier with a market share of 39.9 percent in August.

Sep 20, 2016

FIPB to consider 15 foreign investment proposals next week

The board will decide proposals of IBM India, Morgan Stanley India Primary Dealer and BNP Paribas Asset Management, among others.

Sep 19, 2016

IDS 2016: Taxman gets ready to go after defaulters once amnesty scheme ends

The Income Declaration Scheme (IDS) 2016 is a one-time chance to come clean on undisclosed income.

Sep 19, 2016

India approves transnational highway project worth $1 billion

The highway project, funded by the Asian Development Bank, will connect India with Bangladesh, Bhutan and Nepal.

Sep 18, 2016

Germans protest against Obama-backed trade deals

Germans are concerned about certain 'controversial' provisions that may have negative impact on consumers.

Sep 17, 2016

Oil hits multi-week lows as growing supplies stoke glut concern

Apart from rising Iranian exports, there are also signs of Nigeria and Libya resuming oil exports, fuelling concerns that a global glut would persist.

Sep 16, 2016

Arun Jaitley hopeful RBI will keep interest rates low due to declining retail inflation

The next policy review meeting is scheduled to be held on October 4.

Sep 16, 2016

RBI to issue new Rs. 20 currency note carrying Urjit Patel's signature

The new Rs. 20 note will bear the year as "2016" on the reverse and Urjit Patel's signature on the front, says RBI.

Sep 16, 2016

Rupee devaluation is a bad idea, says DBS Bank economist

The disadvantages far outweigh the likely gains, says Radhika Rao, DBS Bank economist.

Sep 16, 2016

India's exports fall less than 1% in August; gold imports decline 77%

Exports account for about 20 per cent of India's gross domestic product.

Sep 15, 2016

Tesco, Sainsburys, Waitrose, Harrods eyeing entry into India

International firms have expressed interest after the government allowed 100 per cent FDI in the food processing segment.

Sep 14, 2016