Economy News

7th Pay Commission: Govt issues notification on hike for pensioners, finally

After keeping about 52 lakh pensioners guessing, the Modi government finally cleared the hike as proposed by the 7th Central Pay Commission.

Aug 6, 2016

Subir Gokarn meets RBI governor Raghuram Rajan, triggers speculation: Report

Former deputy governor of RBI Subir Gokarn's purported meeting with RBI chief Raghuram Rajan on Friday has triggered speculation.

Aug 6, 2016

Mutual funds: Some transactions in DSP BlackRock Micro Cap Fund temporarily suspended

Certain transactions have been suspended fearing possibility that large inflows may prove detrimental to investors' interests.

Aug 6, 2016

GST Bill is a positive reform signal for India, will remove trade barriers: Fitch

Fitch expects the debt to reach 69.4 percent of the GDP in the present financial year.

Aug 5, 2016

Government extends minimum import price for steel products by 2 months

The extension is an indication that India is becoming increasingly protectionist as it tries to support domestic players.

Aug 5, 2016

GST Bill: How 'one nation one tax' law would affect people from April next year

The Goods and Services Tax won't be a win-win for all when it presumably comes into effect from April 1, 2017.

Aug 4, 2016

GST Bill: What foreign media had to say about 'one nation, one tax' legislation

Many prominent newspapers and channels covered the passage of the GST Bill on Wednesday, seen as key to Modi's economic reforms.

Aug 4, 2016

Cabinet approves monetisation of 75 road projects

The cabinet has authorised NHAI to monetise the public funded highway projects, which would garner Rs. 1 lakh crore.

Aug 4, 2016

GST Bill passed in Rajya Sabha uninamously; FM Arun Jaitley, P Chidambaram, Anand Sharma, Sitaram Yechury, others spoke

After a heated debate, the Rajya Sabha passed the GST Bill on Wednesday; the AAIADMK walked out before the voting.

Aug 3, 2016

Falling crude oil prices hit Indian migrants in Gulf region

The inward remittance decline was recorded 2.2 percent at $35.9 billion during the financial year 2015-16.

Aug 3, 2016

GST Bill: India Inc. will be fine with 20% rate, says CII chief Naushad Forbes

The GST Bill may not have specified a rate, but industry body CII says anything above 20 percent would be "problematic".

Aug 3, 2016

GST Bill debate in Rajya Sabha ends; legislation passed unanimously

Rajya Sabha debates GST Bill; P Chidambaram of Congress insists on capping standard rate at 18 percent.

Aug 3, 2016

Low-cost carriers likely to take a hit from new flight cancellation policy

Airlines will have to pay Rs. 10,000 to passengers for cancelling their ticket if the flight is delayed more than 2 hours.

Aug 2, 2016

7th Pay Commission: SBI offers cheaper home loans to govt employees after salary hike

State Bank of India wants to cash in on the higher repaying capacity of Central government employees after pay panel recommendations.

Aug 2, 2016

Rajya Sabha likely to pass GST Bill on Wednesday

Parliamentary Affairs Minister Anant Kumar said that he was hopeful the bill would be passed through consensus.

Aug 2, 2016