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Economy News

China high speed train

Bullet train project: Indian Railways launches drive to hire top management

The railways invites applicants for the top four posts in the newly-formed National Highway Speed Rail Corp Ltd. Sep 21, 2016
rail budget suresh prabhu scrapped modi jaitley arun narendra 92 year old tradition british raj merge general budget dividend

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
India tourism

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
pay commission bonanza salary hike government employees allowances committee ashok lavasa finance secretary dampener money boost consumption

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
fta fee tourism india incredible visitors etourist visa promotion british prince william Catherine duchess

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
Market Share of airlines

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
cbdt, finance ministry, north block, income tax, apa, agreements on taxation, india news

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 income declaration scheme arun jaitley fm black money undisclosed income narendra modi govt income tax raids information leak confidentiality

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
National Highways Authority of India (NHAI)

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 TTIP and CETA

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

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
rupee 20 patel urjit new currency notes denomination rbi issues statement governor rbi

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 dbs bank analyst rao radhika exports import rbi efforts stabilise fcnr fieo reports media competition weak global economy

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 trade data export import engineering gold deficit external services business global economy data commerce leather others good fine ok august rbi

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
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