Economy News

Trump slaps fresh sanctions on Iran, targets supreme leader

Trump told reporters the sanctions were in part a response to last week's downing of a US drone by Iran, but would have happened anyway. He said Khamenei was ultimately responsible for what Trump called "the hostile conduct of the regime" in the Middle East.

Jun 25, 2019

India's fuel prices could hit the roof as crude oil prices threaten to top $100

Escalating Middle East tensions and Opec decision to maintain production squeeze buoy oil nearly 30% this year; Iran's threat to exit nuclear deal may propel oil to new highs.

Jun 24, 2019

RBI deputy governor Viral Acharya resigns; 'Poor man's Rajan' to return to US

Viral Acharya, who was fondly called 'the poor man's, Raghuram Rajan', had made strong calls for RBI's independence.

Jun 24, 2019

Gold at six-year peak due to the US-Iran unrest

Middle East tensions have supported the gold market, while the U.S.-China trade war continues to concern investors

Jun 24, 2019

New India Assurance: Why is Modi govt de-merging 3 PSU insurers?

De-merger of big-size PSUs into smaller units would enable ease in administration and a further increase in reach of these to the masses with improved and more effective focus and management.

Jun 23, 2019

Modi 2.0 targets higher GST collection by simplifying taxpayer registration

First GST Council meeting of the second Modi government fast-tracks registration with Aadhar; postpones annual returns due date for FY18 until August 31; extends National Anti-profiteering Authority's tenure for two more years.

Jun 22, 2019

Why is Facebook going back on plans to launch crypto Libra in India?

Facebook's crypto is not designed to be a closed system and is meant for transactions in the external economy, which concerns RBI.

Jun 20, 2019

RBI to raise cap for easy loans under Mudra to Rs 20 lakh; will it increase bad debt?

The Pradhan Mantri Mudra Yojana (PPMY) was launched by Prime Minister Narendra Modi with an aim to provide easy loans to non-corporate, non-farm small and micro-enterprises.

Jun 19, 2019

Anil Ambani's RCom owes whopping Rs 15,000 crore to three Chinese banks

According to RCom's regulatory filings, the group has paid back Rs 35,000 crore of debt in the last 14 months.

Jun 18, 2019

58,000 jobs coming: Manufacture, infra to drive job growth in key cities, says report

As per the report; manufacturing, engineering and infrastructure industries will see job growth of about 8 percent in 2019-20.

Jun 18, 2019

India tweaks export priorities as US-China trade wars shape new global order

Commerce ministry study shows potential to boost exports of 350 products to the US and China markets; China could offer a new market for 151 products helping to reduce the trade gap between the two countries.

Jun 17, 2019

50 Indians named in list of Swiss bank accounts holders, details shared with Modi govt

Switzerland had started helping India with its initiative of cracking down on black money after evidence of financial and tax-related wrongdoings were submitted by India.

Jun 17, 2019

Here's what India Inc thinks about the retaliatory tariff on 29 US goods

India will be implementing duties as high as 70 per cent on perishable items like almonds and apples as a response to Washington's denial to exempt Delhi from the taxes on steel and aluminium imports.

Jun 16, 2019

World-beating India Inc may be a top-20 global FDI source by 2021: UN panel

Indian companies invested $11 billion overseas in 2018 and the figure is likely to go up this year putting India among the top-most FDI sources for the global economy, according to a UNCTAD report

Jun 14, 2019

Digital India gets praise from UN panel for focusing on economic inclusion

UN secretary general-appointed panel co-chaired by Melinda Gates and Jack Ma mirrors PM Modi's push for an inclusive digital economy.

Jun 14, 2019