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Economy News

Dr Subho Ray, President, IAMAI

Demonetisation is a Black Swan moment for Digital India, says IAMAI president Subho Ray

Subho Ray, President of IAMAI, on Digital India after demonetisation and his wish list from Budget 2017: an exclusive interview Jan 13, 2017
India job market

India to have more jobless in 2017-18: UN report

However, unemployment is expected to fall in 2017-18 in developed countries – especially in Europe, the US and Canada. Jan 13, 2017
IT spending 2017

Global IT spending to grow at muted 2.7% in 2017 due to political headwinds

However, emerging markets will drive a rebound in spending on devices like PCs and smartphones in 2018, research firm Gartner said in a report. Jan 13, 2017
corruption in india, cpi, 22nd edition of cpi, transparency international, pm modi, black money in india

Corruption Perception Index for 2016 to be released on January 25; India's ranking will be keenly watched

Berlin-based Transparency International's Corruption Perception Index (CPI) ranks countries on the basis of surveys and assessments. Jan 12, 2017
cigarette smoking, tobacco smoking cancer, cigarette related diseases, WHO on cancer, WHO on cigarettes

Cigarette smoking costs $1 trillion annually says WHO; India has second-largest number of smokers

The combined costs of healthcare expenditure and lost productivity is about $1 trillion every year, says World Health Organisation (WHO). Jan 12, 2017
urjit patel, rbi governor, vibrant gujarat 2017, pm modi, budget 2017, fm arun jaitley

RBI governor Urjit Patel conveys subtle message to Modi Govt before Budget 2017

At the International Financial Services Centre (IFSC), RBI chief Urjit Patel speaks about government debt, inflation and interest subvention. Jan 12, 2017
retail inflation, consumer inflation december, india, rbi inflation target, iip november, dbs bank

India's consumer inflation for December estimated at 3.6%: DBS Bank

For November, retail (consumer) inflation fell to a two-year low of 3.63 percent, largely due to demonetisation-induced slowdown. Jan 11, 2017
FTA tourist arrivals foreigners india, e-tourists, foreign tourists

Foreign tourist footfall on e-tourist visa rises 56% in December

The United Kingdom continues to occupy the top slot, followed by USA and Russia among all the countries availing e-tourist visa facility, Ministry of Tourism said. Jan 11, 2017
Construction work

World Bank cuts India's growth forecast to 7%, after demonetisation

Despite the deceleration, India is predicted to retain its position as the world's fastest growing economy ahead of China. Jan 11, 2017
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

PM Modi at Vibrant Gujarat 2017: India on the threshold of becoming world's most digitised economy

Addressing the inauguration ceremony of Vibrant Gujarat Global Summit, the PM said that the government is working to adopt and absorb newer technologies. Jan 10, 2017
budget 2017, consumption growth, redistribution of wealth, pm modi, fm arun jaitley, mosl, taxes

Budget 2017: PM Modi playing Robin Hood would be unsustainable for India

A cash-rich Modi government after demonetisation would be tempted to spur consumption growth by redistributing wealth using Budget 2017. Jan 10, 2017
India International Exchange, GIFT city, Gandhinagar

India's first International Exchange to go live on January 16

Touted as Prime Minister Narendra Modi's pet project, the International Exchange has been set up at Gujarat International Finance-Tec city based in Gandhinagar. Jan 10, 2017
demonetisation, remonetisation, rbi update, digital india, cashless economy, modi, niti aayog, bibek debroy

Demonetisation: Black money is now with banks and it's huge

There are conflicting reports on how much gains accrue to the Modi government over demonetisation; one estimate puts it at Rs 3 to 4 lakh crore, Jan 10, 2017
7th pay commission, 5th pay commission, meghalaya pay panel, meghalaya employees, north eastern states

5th Pay Commission: Salary hike for Meghalaya Govt employees gets delayed

Meghalaya government employees are seeking salary and allowances at par with those proposed by the 7th pay commission. Jan 10, 2017
vibrant gujarat 2017, pm modi, inauguration, investor summit in gujarat, partner countries at vibrant gujarat 2017

Vibrant Gujarat 2017: Three-day global investor summit begins from January 10

The eight edition of the investors' summit — Vibrant Gujarat 2017 — aims to garner huge investments; PM Modi will hold talks with top 50 CEOs. Jan 10, 2017
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