Economy News

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India to extend $9-bn export credit to Korea; Iranian and Indian capital market regulators ink deal

The agreement will be signed when finance minister Arun Jaitley visits Korea for the Annual Financial Bilateral Dialogue on June 14-15, 2017.

Jun 7, 2017

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RBI voices concern over farm loan waiver again; BofA Merrill Lynch says write-offs could reach $40 billion by 2019

Uttar Pradesh waived farm loans worth Rs 36,000 crore while Maharashtra also intends to write off agri loans of about Rs 30,000 crore, raising alarm in RBI.

Jun 7, 2017

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7th Pay Commission: Ashok Lavasa report on allowances was not part of Wednesday's agenda, says report

The Union Cabinet did not take up the issue of raising HRA and other allowances of Central government employees as proposed by the pay commission.

Jun 7, 2017

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RBI leaves repo rate unchanged at 6.25%, revises FY2018 growth rate downwards to 7.3% [Watch Urjit Patel's media interaction]

The Monetary Policy Committee meeting of the RBI retains repo rate at 6.25 percent and estimates GVA for 2017-18 at 7.3 percent.

Jun 7, 2017

Chaos in Middle East after Gulf nations cut ties with Qatar

Supermarket shelves are empty in the Qatar capital Doha. People are storing up large quantities of food water after several Arab nations recently cut ties with Qatar, including Saudi Arabia, UAE, Egypt, Bahrain, Yemen. These nations accuse Qatar of supporting terrorism. Qatar relies on its Gulf neighbors for 80% of its food imports. Iran has called for dialogues to resolve the conflict and has sent food supplies to Qatar. The rift also led to the suspension of all flights between Qatar and its Gulf neighbors. Angry customers lined up outside of the Qatar Airways office to demand refunds. Meanwhile, Donald Trump has taken the credit for the split.

Jun 7, 2017

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'I told you so,' says former PM Manmohan Singh on Modi's note ban decision slowing down growth rate

Former Prime Minister Dr Manmohan Singh holds successor Narendra Modi's demonetisation decision responsible for the economic slowdown.

Jun 7, 2017

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Infosys says COO Pravin Rao's statement on client spending 'misrepresented'

A TV channel had quoted Infosys COO Pravin Rao as saying that clients are asking IT companies to execute projects for 25-30 percent less.

Jun 7, 2017

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GST on printers, monitors be brought down to remove confusion, says MAIT

The GST Council has fixed 18 percent tax rate on laptops and desktops, and 28 percent on printers and monitors, creating ambiguity, according to MAIT.

Jun 6, 2017

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RBI doesn't yet have a case to switch stance from neutral to dovish

The RBI's Monetary Policy Committee has a tough balancing act to perform amid inflation, Q4 GDP data and forecast of a normal monsoon.

Jun 6, 2017

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GST: Smokescreen with a lot of fire?

The additional cost of GST could negatively impact consumer price inflation and the ability of companies to pass on tax benefits to their consumers.

Jun 5, 2017

rbi, new rs 200 note, rs 200 note printing, rbi updates on currency, modi govt

RBI's Monetary Policy Committee meeting: Experts at DBS Bank, Kotak Mahindra Bank, Orbis Economics say rate cut unlikely

The RBI's MPC will be meeting for the first time this fiscal on Tuesday in the backdrop of record low inflation and weak Q4 GDP numbers.

Jun 5, 2017

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All you need to know about Goods and Services Tax (GST)

Here is a comprehensive update on goods and services tax (GST), by the government of India.

Jun 3, 2017

gst, gst council, gst rates on services, gst rates on goods, arun jaitley, gst council meeting in srinagar

GST Council fixes 3% tax rate for gold, 18% for biscuits, 12% for garments

The 15th meeting of the Goods and Services Tax (GST) Council finalises rates for gold, biscuits, footwear, textiles.

Jun 3, 2017

Five times Jeremy Corbyn lost his cool

Leader of the U.K. Labour Party Jeremy Corbyn has had some feisty interviews in the past. So before the General Election on 8 June, here are five times his temper got the best of him.

Jun 2, 2017

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Highlights of energy minister Piyush Goyal's visit to Berlin, Leipzig and Munich

Goyal also met Roland Siller, DG Europe and Asia, KfW to discuss long term affordable financing for renewable industry in India.

Jun 2, 2017

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Economy News

India to extend $9-bn export credit to Korea; Iranian and Indian capital market regulators ink deal

RBI voices concern over farm loan waiver again; BofA Merrill Lynch says write-offs could reach $40 billion by 2019

7th Pay Commission: Ashok Lavasa report on allowances was not part of Wednesday's agenda, says report

RBI leaves repo rate unchanged at 6.25%, revises FY2018 growth rate downwards to 7.3% [Watch Urjit Patel's media interaction]

Chaos in Middle East after Gulf nations cut ties with Qatar

'I told you so,' says former PM Manmohan Singh on Modi's note ban decision slowing down growth rate

Infosys says COO Pravin Rao's statement on client spending 'misrepresented'

GST on printers, monitors be brought down to remove confusion, says MAIT

RBI doesn't yet have a case to switch stance from neutral to dovish

GST: Smokescreen with a lot of fire?

RBI's Monetary Policy Committee meeting: Experts at DBS Bank, Kotak Mahindra Bank, Orbis Economics say rate cut unlikely

All you need to know about Goods and Services Tax (GST)

GST Council fixes 3% tax rate for gold, 18% for biscuits, 12% for garments

Five times Jeremy Corbyn lost his cool

Highlights of energy minister Piyush Goyal's visit to Berlin, Leipzig and Munich

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react