Economy News

People line up outside an ATM at a State Bank of India branch

Loan growth at historic low even as banks are awash with cash after demonetisation

But now that banks have slashed MCLR rates almost 80-90 bps at one go, SBI expects a credit growth rebound, at least in the housing sector.

Jan 6, 2017

Highways, shipping sector projects to cross Rs 6 lakh crore by March: Nitin Gadkari

Gadkari also said the government was moving towards the target of building 40-41 km of highways daily.

Jan 6, 2017

Basic income India, universal basic income

Can India give its citizens a basic income without destroying its economy?

As the need for basic income gets increasingly recognised worldwide, the viability of a universal basic income still remains questionable.

Jan 5, 2017

demonetisation, rbi, remonetisation, notes returned, bank deposits, modi

Demonetisation: RBI responds to reports that 97% of banned notes have been returned

Some economists had spoken of a windfall to Modi government, saying about 10-15 percent of the demonetised notes won't come back.

Jan 5, 2017

7th pay commission, pay commission news, elections to five states, up assembly elections 2017, modi govt, budget 2017

7th Pay Commission: Central government employees may have to wait for allowance decision due to EC's Model Code of Conduct

The EC's Model Code of Conduct could prevent Modi government from raising allowances for employees as proposed by 7th Pay Commission.

Jan 5, 2017

Budget 2017: Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

Higher tax revenues are expected to balance the divestment shortfall and help the government stick to its fiscal deficit target of 3.5 percent for 2016-17.

Jan 5, 2017

BJP claims Dawood Ibrahim's properties worth Rs 15,000 crore seized in UAE

BJP claims the prime minister had handed over a list of Dawood's assets to the UAE government during his visit last year.

Jan 5, 2017

Here's why the Rs 2,000 notes without Mahatma Gandhi photo are not fake

Madhya Pradesh farmers recently withdrew money from an SBI ATM to find that some Rs 2,000 notes had no photo of Mahatma Gandhi.

Jan 5, 2017

hannover reinsurance india irdai five companies swiss munich scor players insurance in india booming

With more reinsurers making a foray, India on way to emerge as global reinsurance hub

Soon, at least half a dozen global reinsurers are expected to enter the India insurance market. It is expected to quadruple from its current size of $60 billion over the next 10 years.

Jan 5, 2017

Opposition meets CEC Nasim Zaidi, demands Budget Session 2017 be held after March 8

The Opposition is against the Centre's decision to present the Budget on February 1 — two days before the assembly polls in Punjab and Goa.

Jan 5, 2017

budget 2017, modi govt, bjp, election commission, polls, cpm, congress, assembly elections

Budget 2017: Election Commission to decide on postponement even as BJP dismisses call

Budget 2017 will give BJP unfair advantage over Congress, SP, AAP in the upcoming assembly elections in UP, Punjab, Goa.

Jan 4, 2017

Blame it on demonetisation: India's services activity hits 3-year low

The Nikkei India Services Business Activity Index showed a reading of 46.8 in December, indicating a further solid contraction in output.

Jan 4, 2017

India housing finance, HDFC, LIC Housing

India property market: Cloud of uncertainty grips housing lenders as mortgage rates head south

Morgan Stanley believes that banks will aggressively pursue loan takeovers and in that case, housing finance firms will have no place to hide.

Jan 4, 2017

india, gdp, growth rate, q3 gdp data, india vs china, world's fastest growing economy

Indian economy grew at 5.6% YoY in November 2016: Motilal Oswal Securities

Modi had announced demonetisation decision in November 2016, leading to fall in GDP growth rate.

Jan 3, 2017

Finland just got cooler, becomes first country to launch basic income for unemployed

Finnish government has decided to give basic income of Euro 650 (approx Rs 46, 257) to unemployed citizens.

Jan 3, 2017

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Economy News

Loan growth at historic low even as banks are awash with cash after demonetisation

Highways, shipping sector projects to cross Rs 6 lakh crore by March: Nitin Gadkari

Can India give its citizens a basic income without destroying its economy?

Demonetisation: RBI responds to reports that 97% of banned notes have been returned

7th Pay Commission: Central government employees may have to wait for allowance decision due to EC's Model Code of Conduct

Budget 2017: Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

BJP claims Dawood Ibrahim's properties worth Rs 15,000 crore seized in UAE

Here's why the Rs 2,000 notes without Mahatma Gandhi photo are not fake

With more reinsurers making a foray, India on way to emerge as global reinsurance hub

Opposition meets CEC Nasim Zaidi, demands Budget Session 2017 be held after March 8

Budget 2017: Election Commission to decide on postponement even as BJP dismisses call

Blame it on demonetisation: India's services activity hits 3-year low

India property market: Cloud of uncertainty grips housing lenders as mortgage rates head south

Indian economy grew at 5.6% YoY in November 2016: Motilal Oswal Securities

Finland just got cooler, becomes first country to launch basic income for unemployed

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