Economy News

PIB approves India Post's Rs 800 crore payments bank proposal

The postal department is currently in the process of selecting a consultant for setting up the payments bank.

Feb 21, 2016

ONGC approves Rs 5,050 crore investment in Tripura

The Ministry of Oil and Petroleum has announced the main aim of the investment is to develop the region as a hydrocarbon hub.

Feb 21, 2016

Iran's ageing commercial fleet attracts aircraft makers

Iran is really planning to reset the clock on its civil aviation industry, according to aviation research body CAPA.

Feb 20, 2016

Oil down 4% as U.S. glut overshadows producer talks

A slide in the U.S. equity markets, which have for weeks been trading in tandem with oil, also weighed on crude, traders said.

Feb 20, 2016

India experiencing pronounced economic slowdown: Ambit

India's GDP growth is expected to increase to a five-year high of 7.6% in 2015-2016, according to official estimates.

Feb 19, 2016

Silicon Valley wants 'major expansion' of H1-B visa: Report

It has become difficult for US firms to hire specialised workers ever since US imposed higher fees for H1-B visa.

Feb 19, 2016

'Make in India Week' draws investment proposals worth Rs 15 lakh crore

The event was an effort by the government to promote India as a global manufacturing hub.

Feb 18, 2016

Domestic air traffic: IndiGo maintains lead in January, Jet Airways gains, Air India loses

The overall domestic passenger traffic grew 22.58 percent to 76.55 lakh passengers, up from 62.45 lakh in January 2015.

Feb 18, 2016

To spend more, govt may allow higher fiscal deficit for FY17

However, the flip side of allowing a higher fiscal deficit is that it will lead to a rise in inflation and interest rates.

Feb 18, 2016

Deposit rates on small saving schemes could see further cut post Budget

The move could eliminate the edge small saving schemes had over government bonds.

Feb 18, 2016

India to post GDP growth of 7.5% in 2016, 2017: Moody's

India's robust services export sector could be a contributor to the strong growth, it said.

Feb 18, 2016

EU referendum: British farmers conflicted on whether to cut loose

After decades of generous subsidies from Brussels, some British farmers are starting to think the unthinkable – that they might be better off outside the European Union. Farmers were strong supporters of EU membership when Britons last voted on it in 1975, and for years they flourished as funds flowed into the sector to encourage ever-rising production.

Feb 17, 2016

Govt okays railway projects worth Rs 10,700 crore ahead of Rail Budget

The projects comprise construction of six railway lines and a bridge, and will be mainly funded by institutional finance.

Feb 17, 2016

E-commerce, start-ups to offer highest pay hike in 2016: Survey

An Aon Hewitt survey projected the average salary across all categories to go up by 10.3 percent this year.

Feb 17, 2016

India to save Rs 30,000 crore from fall in coal imports this fiscal

The government is planning to stop importing the kind of coal that is present in the country, coal secretary Anil Swarup told ET.

Feb 17, 2016