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Economy News

remonetisation, demonetisation, cash crunch, cash-to-gdp ratio, bibek debroy, niti aayog, modi news

Indians should get used to less cash, say experts

The view within the government and outside is that India's cash-to-GDP ratio of 13 percent is very high and needs to be brought down. Dec 28, 2016
Dubai International Airport, Dubai, UAE, Emirates

Flights from Dubai to India: UAE wants more, India says only if you give our carriers more slots

Additional flights from Dubai will be allowed only if Indian carriers get more slots. Dec 28, 2016
Gold

Demonetisation: Robbers increasingly turning to gold heists as currency notes promise lower yield

Gold robberies have been reported from various parts of India, with jewellery stores and financial institutions providing gold loans being targeted. Dec 28, 2016
saudi arabia, budget 2017, opec, oil prices, india, indian expats in saudi arabia, gcc

Saudi Arabia budget: Here is why 3 million Indians living there should worry

Budget 2017 envisages levying fees on expats and companies employing them; revenues set to rise for Saudi Arabia, thanks to OPEC decision. Dec 28, 2016
India tourism, foreign tourist arrivals, tourists in India

Foreign tourist arrival grows 9.3% in November despite demonetisation

India earned foreign exchange worth Rs 14,474 crore from foreign tourist arrivals in November. Dec 28, 2016
Pakistan currency, Pakistani rupee, pakistan demonetisation

Pakistan senate rejects demonetisation move

The Pakistan government rejected recommendations from the Upper House of Parliament to ban Rs 5,000 notes. Dec 28, 2016
India budget security, india budget 2017

Budget 2017: The halwa ceremony and the secrecy shrouding India's annual financial statement

Apart from economic priorities, India's finance minister has to deftly cope with political pressures and conflicting demands while outlining the Budget. Dec 28, 2016
Indian Railways

Railway WiFi: 100 stations now WiFi enabled, another 300 planned for 2017

Union Railways Ministry had planned to provide WiFi in two phases -- cover 100 stations in 2016 and expand to 400 stations by 2017. Dec 27, 2016
Notes, rs 500, rs 1000,demonetisation

Demonetisation bonanza in Kolkata: Old Rs 500 and Rs 1,000 notes will fetch you quite a bit at this market

Here is how demonetisation is said to have affected shell companies in West Bengal. Dec 27, 2016
india news, india fiscal deficit, modi govt, pm modi, modinomics

India Inc raises Rs 1,424 crore in rupee bonds in November

Power Finance Corporation, with Rs 676 crore in borrowings, said it raised the money for the purpose of lending or sub-lending. Dec 27, 2016
India rupee

Demonetisation: Will citizens holding scrapped Rs 500, Rs 1,000 notes after December 30 have to pay Rs 50,000 fine?

There could also be criminal liability and the cases involving violation of the rule will be heard by the municipal magistrate who will decide on the penalty. Dec 27, 2016
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

Budget 2017: PM Modi to meet economists, experts on Tuesday

The Budget session of the Parliament is expected to begin from February 1, 2017. Dec 26, 2016
sagarmala, nitin gadkari, shipping ministry, india, demonetisation

Sagarmala projects worth Rs 1 lakh crore under implementation: Nitin Gadkari

Shipping minister Nitin Gadkari was speaking to the media after inaugurating Sagarmala Development Company. Dec 26, 2016
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

After demonetisation, Modi govt to now target illegal properties in drive against corruption

On Sunday, PM Modi hinted during the Mann ki Baat radio show that benami properties will be the next target. Dec 26, 2016
india news, india fiscal deficit, modi govt, pm modi, modinomics

7th Pay Commission: Good news for Central government employees

Millions of Central government employees are awaiting a decision on hike in allowances as proposed by the 7th Pay Commission. Dec 26, 2016
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