Economy News

Central Vigilance Commission expands probe into alleged Rs. 580 crore excise duty evasion by Cadbury

The Central Vigilance Commission has sought information from U.S. authorities over the alleged excise duty evasion.

Jul 25, 2016

Crude stays near two-month low on oil glut worries

A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped relieve pressure on crude futures.

Jul 25, 2016

Govt eases eligibility for start-up businesses, just 1 certificate required

The certificate would be enough for the start-up firms to avail Intellectual Property Rights (IPR) and tax benefits from the govt.

Jul 24, 2016

India receives surplus rainfall till July 20; sowing activity picks up momentum

Sowing is in full swing across India after the southwest monsoon rainfall until July 20 has been on expected lines.

Jul 23, 2016

Top G20 nations need to spend more for global growth: IMF

Large infrastructure projects have the power to boost short-term demand directly and catalyse private investment.

Jul 23, 2016

India's financial inclusion may not mean well-being of its citizenry

Though India's growth rate was strong, it was slightly less effective in converting growth into well being measured by income levels.

Jul 22, 2016

7th Pay Commission effect? Tamil Nadu govt hikes salary provision for employees, pensioners in budget 2016-17

Jayalalithaa's AIADMK government raises provision for salaries of employees while PM Modi is indecisive on implementing 7th pay commission.

Jul 22, 2016

Cabinet approves Air Service Agreement between India, Mozambique

India and Mozambique initiated a process of consultation to finalise the text of the Air Services Agreement in 2011.

Jul 21, 2016

Govt's plan of changing financial year gets Niti Aayog's boost

The Niti panel, after a detailed review of the history and legal provisions, indicated its inclination to sync the fiscal year with the calendar year.

Jul 21, 2016

Asian shares at nine-month highs on inflow bets; dollar strong

Portfolio inflows to emerging market assets rose to the highest level in nearly three years last week

Jul 21, 2016

Govt turns down hiking foreign direct investment in print media to 49%

In November 2015, the government raised the limit for FDI in TV News to 49 percent.

Jul 20, 2016

India Inc's merger and acquisition deals hit $15.7 billion in H1 2016

The inbound transactions, however, hit a 6-year low as implications from global polity and Brexit referendum loomed large.

Jul 20, 2016

Mumbai-Ahmedabad bullet train fares to cost less than airfares

Rail minister Suresh Prabhu said the hi-speed train project would be cost-effective.

Jul 20, 2016

Germany announces 5G services pilot run in Berlin

A broadcast facility for the (5G) networks will be housed in a former radio-television facility near Berlin's Technical University.

Jul 19, 2016

Foreign tourist arrivals rises 7.3% in June

India earned about Rs. 10, 732 crore in foreign exchange earnings from Tourism last month.

Jul 18, 2016