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Economy News

Aadhaar-based ATM

India's financial inclusion may not mean well-being of its citizenry

Though India's growth rate was strong, it was slightly less effective in converting growth into well being measured by income levels. Jul 22, 2016
Tamil Nadu govt budget 2016 elections jayalalithaa aiadmk dmk bjp congress Finance Minister O. Panneerselvam

7th Pay Commission effect? Tamil Nadu govt hikes salary provision for employees, pensioners in budget 2016-17

Jayalalithaa's AIADMK government raises provision for salaries of employees while PM Modi is indecisive on implementing 7th pay commission. Jul 22, 2016
Civil Aviation

Cabinet approves Air Service Agreement between India, Mozambique

India and Mozambique initiated a process of consultation to finalise the text of the Air Services Agreement in 2011. Jul 21, 2016
cbdt, finance ministry, north block, income tax, apa, agreements on taxation, india news

Govt's plan of changing financial year gets Niti Aayog's boost

The Niti panel, after a detailed review of the history and legal provisions, indicated its inclination to sync the fiscal year with the calendar year. Jul 21, 2016

Asian shares at nine-month highs on inflow bets; dollar strong

Portfolio inflows to emerging market assets rose to the highest level in nearly three years last week Jul 21, 2016
Newspaper Mart

Govt turns down hiking foreign direct investment in print media to 49%

In November 2015, the government raised the limit for FDI in TV News to 49 percent. Jul 20, 2016
India Inc

India Inc's merger and acquisition deals hit $15.7 billion in H1 2016

The inbound transactions, however, hit a 6-year low as implications from global polity and Brexit referendum loomed large. Jul 20, 2016
Bullet train project

Mumbai-Ahmedabad bullet train fares to cost less than airfares

Rail minister Suresh Prabhu said the hi-speed train project would be cost-effective. Jul 20, 2016
5g telecom service germany berlin launch wmc barcelona spain 4g india 3g 2g 1g g vodafone

Germany announces 5G services pilot run in Berlin

A broadcast facility for the (5G) networks will be housed in a former radio-television facility near Berlin's Technical University. Jul 19, 2016
Rajasthan tourism

Foreign tourist arrivals rises 7.3% in June

India earned about Rs. 10, 732 crore in foreign exchange earnings from Tourism last month. Jul 18, 2016
Rupee

Bank union threatens to declare names of 7,000 wilful defaulters

The union has also demanded that criminal cases must be filed against wilful defaulters. Jul 17, 2016
gold prices silver prices gold jewellery silver jewellery silver bars gold bars

Gold imports fall for the fifth month in 2016, exports grow after 18 months

Growth in export of agricultural goods, chemicals, iron ore helps India break its 18-month contraction. Jul 16, 2016
Wall Street

Wall Street ends flat but futures slip after reports of Turkey coup

The military said it had seized power, but the prime minister said the attempted coup would be put down. Jul 16, 2016
ease of doing business car manufacturing mercedez benz automobile car making

Business Optimism Index: India falls to third spot in June quarter

India continues to grace the top position on its potential to increase its revenue and exports, says a Grant Thornton report. Jul 15, 2016
7th pay commission 7th cpc central govt karnataka employees pensioners parity pay salary pensioners allowances

7th Pay Commission: Karnataka Govt employees may feel hopeful after Tripura hints at 'considering' salary hike

Karnataka state employees may see hopes of pay parity with Central government staff after Tripura government's comment on 7th pay commission. Jul 15, 2016
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