Economy News

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Bank accounts will be blocked if not self-certified by April 30

In a series of tweets, the income tax department on Wednesday came out with a new set of rules for bank account holders.

Apr 12, 2017

Why is there still a gender pay gap?

On average, women in full time work can expect to earn 18.1% less money throughout their careers than men in the UK.

Apr 11, 2017

iron, steel, iron ore, metal stocks, commodities, mining, metal prices, tata steel, jsw, hindalco, arabian sea, india exports, trade data, india trade, indian economy, india imports

Q4FY2017 preview: Metal companies likely to post highest quarterly profit growth in 5 years, says Motilal Oswal

Net profit of metal companies for Q4 is expected to rise 2.8 times to Rs 9,100 crore, says brokerage Motilal Oswal Securities.

Apr 11, 2017

cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Domestic passenger vehicle sales cross 3 million units in FY2017

Passenger vehicle sales in FY2017 rose 9.2 percent to 30,46,727 units from 27,89,208 units sold in FY2016.

Apr 11, 2017

7th pay commission, pay commission, indian railway employees, suresh prabhu, central govt employees, allowances hike, lavasa committee

7th Pay Commission: Some Central employees could get huge hike in allowances

The hike in allowances for Central government employees as recommended by the 7th pay commission is applicable to almost 10 million staff.

Apr 10, 2017

leather exports from india, indian leather industry, cow slaughter in india, beef ban in india, indian leather exports, top importers of indian leather

India's falling leather exports could face further slide if more slaughterhouses come under attack

Export of leather goods fell 4.3 percent for the 11-month period ended February 2017, YoY; US, Germany, UK are top importers of Indian leather.

Apr 10, 2017

india china trade, chinese investments in india, fdi by china in india, alibaba group, jack ma, alibaba invests in paytm, chinese handset makers in india, oppo india, huawei india

FDI equity inflows from China into India rise sharply in four years

China Inc., comprising Alibaba Group, Oppo, Vivo, and Huawei, have been ramping up investments in India.

Apr 10, 2017

budget 2017, digital india, digidhan, Lucky Grahak Yojana, pm modi, fm arun jaitley

Lucky Grahak Yojana: Central Bank of India customer wins Rs 1 crore in lucky draw; PM Modi to felicitate winners on April 14

In the consumer category, three mega prizes of Rs 1 crore, Rs 50 lakh and Rs 25 lakh went to people using Rupay debit cards to make digital payment of less than Rs 1,000.

Apr 9, 2017

Pranab Mukherjee calls for unstinted support to PM Modi's mission of a less-cash India

President Pranab Mukherjee also said that the Aadhaar card initiative is a watershed event in the development story of India.

Apr 9, 2017

indian economy, india forex reserves, rbi data, india stock markets, indian rupee vs us dollar

India's foreign exchange reserves rise $10 billion in FY2017

In an update, the Reserve Bank of India said that India's foreign exchange reserves stood at $369.95 billion as of March 31, 2017.

Apr 8, 2017

Sheikh Hasina in India: Read the full text of the speech PM Modi delivered after his meeting with Bangladesh PM

Prime Minister Narendra Modi and Bangladesh Prime Minister Sheikh Hasina signed several important agreements on Saturday.

Apr 8, 2017

indian farmer, red chillies, chilli farming, indian chillies, farm loan waiver, up govt waives farm loans, bjp kisan morcha, congress govt, bank loans, rbi governor urjit patel

Chilli farmers hit by bumper crop, low prices in Telangana, Andhra Pradesh

Prices of red chillies have plummeted by almost half to Rs 4,000 to 6,000 per quintal in Telangana and Andhra Pradesh due to a bumper crop.

Apr 8, 2017

indian farmer, farm loan waiver, up govt waives farm loans, bjp kisan morcha, congress govt, bank loans, rbi governor urjit patel

BJP questions 'naming and shaming' tactics against defaulting farmers in Haryana

Farm loan waiver and default by farmers occupy centre stage for BJP in Uttar Pradesh, Haryana and runs contrary to RBI chief Urjit Patel's statement.

Apr 8, 2017

India jumps 12 positions, ranks 40th on Travel and Tourism Competitiveness Report

Improved measures like e-visa, visa on arrival and better road transport helped India raise the bar for itself in tourism and reach the 40th position from the earlier 52.

Apr 8, 2017

Income tax department extends deadline for obtaining PAN to June 30

Bank account holders have to compulsorily submit either PAN or Form 60 to their respective banks, under income tax rules.

Apr 7, 2017

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Economy News

Bank accounts will be blocked if not self-certified by April 30

Why is there still a gender pay gap?

Q4FY2017 preview: Metal companies likely to post highest quarterly profit growth in 5 years, says Motilal Oswal

Domestic passenger vehicle sales cross 3 million units in FY2017

7th Pay Commission: Some Central employees could get huge hike in allowances

India's falling leather exports could face further slide if more slaughterhouses come under attack

FDI equity inflows from China into India rise sharply in four years

Lucky Grahak Yojana: Central Bank of India customer wins Rs 1 crore in lucky draw; PM Modi to felicitate winners on April 14

Pranab Mukherjee calls for unstinted support to PM Modi's mission of a less-cash India

India's foreign exchange reserves rise $10 billion in FY2017

Sheikh Hasina in India: Read the full text of the speech PM Modi delivered after his meeting with Bangladesh PM

Chilli farmers hit by bumper crop, low prices in Telangana, Andhra Pradesh

BJP questions 'naming and shaming' tactics against defaulting farmers in Haryana

India jumps 12 positions, ranks 40th on Travel and Tourism Competitiveness Report

Income tax department extends deadline for obtaining PAN to June 30

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