Economy News

Foreign tourist arrivals on e-Tourist visa rises 219% in July

Since February 2016, the e-Tourist visa facility has been extended to 150 countries.

Aug 11, 2016

China halts work on $15 billion nuclear waste project after protests

A Chinese city has suspended work on a proposed 100 billion yuan ($15 billion) nuclear waste processing plant following protests

Aug 10, 2016

rbi forex reserves dollars rupee decline volatility brexit rajan mumbai bse sensex

RBI soaking foreign inflows to curb impact on rupee, Rajan says

RBI Governor Raghuram Rajan said the central bank is regularly buying dollars to prevent the rupee from becoming too volatile.

Aug 10, 2016

India facing acute ATC shortage amid fleet expansion by airlines

One third of India's ATC positions are vacant on account of lack of competitive remuneration and facilities.

Aug 10, 2016

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Illegal construction in Bangalore: Developers in firing line after home buyers, BBMP officials

A government report by K B Koliwad MLA in January had identified Sobha, Prestige among real estate companies encroaching lakebeds and public land.

Aug 10, 2016

pay commission consumption demand inflation goods purchases buying eating out salary pensioner pension hike allowances notification modi govt

7th Pay Commission: How India Inc. could benefit from salary hike to Central govt employees

The hike could benefit firms dealing in phones, vehicles and home appliances, shows a Tata Strategic Management Group study.

Aug 9, 2016

China warns UK over Â£18 billion nuclear power deal

Britain said it wanted closer ties with China, but resisted pressure to sign off on a $24 billion nuclear power project.

Aug 9, 2016

RBI monetary policy review: Yes Bank, SBI, ICICI Bank, Mahindra, Kotak, Muthoot Fincorp, others respond to Rajan's statement

Bankers and industrialists from ICICI Bank, SBI, Mahindra, Muthoot have responded to Rajan's monetary policy statement of Aug. 9.

Aug 9, 2016

bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Here is what RBI governor Raghuram Rajan said on inflation, GDP growth rate, commodity prices and global economy

Outgoing RBI Governor Raghuram Rajan left the repo rate unchanged at 6.50 percent.

Aug 9, 2016

RBI Governor Raghuram Rajan leaves repo rate unchanged at 6.50%; retains FY17 growth forecast at 7.6%

RBI governor Raghuram Rajan has left repo rate unchanged at 6.50 percent, FY17 GDP growth rate projection retained at 7.6 percent.

Aug 9, 2016

budget jaitley merge merger rail suresh prabhu ok fine modi govt

Rail, general budget merger proposal being examined, says finance ministry official

A Union Finance Ministry official said the Central government has already started examining the possible merger of rail and general budgets.

Aug 8, 2016

construction workers real estate residential property increase activity gst rest reit bill tax rate standard india metros rent owner launches launch gdp june slowdown

Bengaluru leads in launch of new residential properties during June quarter: Colliers India

Colliers India said Bengaluru (Bangalore) accounted for about 48 percent of 24,000 residential units launched in June quarter.

Aug 8, 2016

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013

India's fight against inflation to help macroeconomic stability: Moody's

In an inflation-fighting move by the outgoing RBI Governor Raghuram Rajan, the government this week notified Parliament that it would introduce the target of 4 percent.

Aug 7, 2016

saudi arabia indians workers migrants stranded food mea vikas sushma swaraj what happened how many tweet construction food shelter

Saudi envoy to India says 2,500 and not 10,000 Indians stranded; Modi govt launches 4-pronged effort

Saudi Arabia's ambassador to India, Saud Bin Mohammed Al Sati, says the lay-offs do not reveal a pattern, even as India launches 4-pronged effort.

Aug 6, 2016

7th Pay Commission: Govt issues notification on hike for pensioners, finally

After keeping about 52 lakh pensioners guessing, the Modi government finally cleared the hike as proposed by the 7th Central Pay Commission.

Aug 6, 2016

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Economy News

Foreign tourist arrivals on e-Tourist visa rises 219% in July

China halts work on $15 billion nuclear waste project after protests

RBI soaking foreign inflows to curb impact on rupee, Rajan says

India facing acute ATC shortage amid fleet expansion by airlines

Illegal construction in Bangalore: Developers in firing line after home buyers, BBMP officials

7th Pay Commission: How India Inc. could benefit from salary hike to Central govt employees

China warns UK over Â£18 billion nuclear power deal

RBI monetary policy review: Yes Bank, SBI, ICICI Bank, Mahindra, Kotak, Muthoot Fincorp, others respond to Rajan's statement

Here is what RBI governor Raghuram Rajan said on inflation, GDP growth rate, commodity prices and global economy

RBI Governor Raghuram Rajan leaves repo rate unchanged at 6.50%; retains FY17 growth forecast at 7.6%

Rail, general budget merger proposal being examined, says finance ministry official

Bengaluru leads in launch of new residential properties during June quarter: Colliers India

India's fight against inflation to help macroeconomic stability: Moody's

Saudi envoy to India says 2,500 and not 10,000 Indians stranded; Modi govt launches 4-pronged effort

7th Pay Commission: Govt issues notification on hike for pensioners, finally

Ileana D'Cruz to retire from acting; wishes to spend quality time with husband, son [details]

Priyanka Arul Mohan has big Tollywood plans; mulling big moves with Pawan Kalyan and Nani

'You are doing this for pictures': Twinkle Khanna refuses to sign autograph on her book for Akshay Kumar; fans say 'So insulting'

Henry Kissinger passes away; "Created huge headaches for India": Remembers Congress

'Doting pati and son': Vicky Kaushal touches his parents' feet, walks hand-in-hand with wife Katrina Kaif [Watch]