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Economy News

7th pay commission, pay commission news, salary hike, allowances hike, lavasa committee, central govt employees

7th Pay Commission: Central govt employees want Modi govt to act fast on raising HRA, other allowances

While seeking a quick decision on HRA, Central government employees want a higher rate than recommended by the 7th pay commission. Apr 4, 2017
indian economy, india key indicators, motilal oswal securities reports, mosl reports, indian civil aviation, indian automobile industry, demonetisation

Two charts that explain trends of Indian economy over past 12 months

Data compiled by brokerage Motilal Oswal Securities for the 12-month duration ending February 2017, during which the economy witnessed signficant developments, show mixed macroeconomic trends. Apr 4, 2017
rbi, new rs 200 note, rs 200 note printing, rbi updates on currency, modi govt

Move to introduce Rs 200 note comes even as demand for cash is falling

Statistics analysed by an SBI economist say that the demand for cash among Indians is gradually declining even as RBI "approves" introduction of Rs 200 note. Apr 4, 2017
tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Demonetisation blues fail to dampen tax collection for FY2017; exceeds estimates

The Modi government ended FY2017 with total tax revenues of Rs 17.10 lakh crore as against revised estimates of Rs 16.97 lakh crore. Apr 4, 2017
US President Donald Trump

Donald Trump puts American workers first! Cracks down on misuse of H-1B visas

The Donald Trump administration has cracked down on the misuse of H-1B visas so that American workers who are as qualified and deserving as foreign workers are not discriminated. Apr 4, 2017
demo, namo, demonetisation, note ban, cash withdrawal from atm, queues at atms, banks, modi govt

Weekly cash withdrawals fall sharply in the past three months

The RBI had completely removed limits imposed on cash withdrawals, with effect from March 13, 2017. Apr 3, 2017
malaysia, india malaysia trade relations, malaysian pm india visit, malaysian pm najib razak

With TPP gone, Regional Comprehensive Economic Partnership is now more urgent: Malaysian PM Najib Razak

Malaysian PM Najib Razak was speaking at an event jointly organised by Assocham, Ficci and the Malaysian Investment Development Authority on Monday. Apr 3, 2017
liquor ban on highways, liquor shops, bars and pubs, sc order on liquor, liquor shops on highways, bars protest against liquor ban

Supreme Court liquor ban could hit 1 million jobs

The decision to ban liquor outlets on national and state highways by the Supreme Court has many flip sides. Apr 3, 2017
indian railways, railway passenger revenues, indian railways 2017 earnings, railway freight earnings, suresh prabhu

Indian Railways: Passenger earnings for FY2017 fall short of budget

As against the budget estimates of Rs 51,012 crore, the Indian Railways earned about Rs 48,000 crore. Apr 3, 2017
india, india news, india pmi march 2017, india, rbi repo rate, india inflation

India factory activity at five-month high in March: PMI data

The Nikkei Manufacturing Purchasing Managers' Index rose for the third month in a row for March. Apr 3, 2017
India-Malaysia MoU, Modi meets Razak

Modi meets Malaysian PM Najib Razak; 7 pacts signed

India and Malaysia signed seven agreements, including in the areas of civil aviation and human resources development, following delegation-level bilateral talks in New Delhi. Apr 1, 2017
strike, truckers strike, trucks, truck drivers, third party insurance, old vehicles, scrap old vehicles, inflation

Bengaluru taxis to join truckers' strike from Monday

Truck drivers across India are seeking withdrawal of the central government order on increased third-party insurance, among other things. Apr 1, 2017
cars, car sales, domestic car sales, gst on cars, auto industry, traffic

Car makers report upbeat sales in March

The month also marked the end of the sale of BS-III vehicles, in accordance with a Supreme Court order. Apr 1, 2017
amitabh kant, niti aayog ceo amitabh kant, digital india, indian economy, cashless transactions

ATMs, credit, debit cards poised to disappear: Niti Aayog CEO Amitabh Kant

Amitabh Kant was speaking at an event organised by the PHD Chamber of Commerce and Industry (PHDCCI) in New Delhi on Friday. Apr 1, 2017
arun jaitley, ndb meeting, indian economy, india gdp growth

Indian economy likely to grow at 7.7% in 2018: FM Arun Jaitley

He was speaking at the second annual meeting of the New Development Bank (NDB) in New Delhi on Saturday. Apr 1, 2017
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