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Economy News

Barack Obama

US President Barack Obama bans oil and gas drilling in most of Arctic and Atlantic oceans

Donald Trump, during his presidential campaign, had said that he wants to open up more lands for mining and drilling. Dec 21, 2016
demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

Demonetisation and the digital economy: Narendra Modi govt makes another move, this time on wages

The Union Cabinet discussed amending provisions of Payment of Wages Act to ensure more non-cash payment of salaries. Dec 21, 2016
rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI deposit rules: New letter says no questions will be asked of account-holders who have completed KYC

The RBI letter of Wednesday comes as a relief to people who were facing questions from banks for depositing more than Rs 5,000 in old notes. Dec 21, 2016
List of countries where Indians can travel without visa, get visa-on-arrival

Hong Kong stops visa-free entry for Indians; introduces pre-arrival registration scheme

The decision is a major setback for more than half a million Indians who visit Hong Kong for vacations, trade and business purposes every year. Dec 21, 2016
narendra modi cabinet meeting ieds

Union Cabinet gives nod for setting up Indian Enterprise Development Services

The move to form the Indian Enterprise Development Services is among a slew of decisions taken by the Union Cabinet on Wednesday. Dec 21, 2016
pe funds, real estate, residential sector, construction, rera, jll, pe investment in india

Indian economy: India overtakes UK to become fifth largest economy in the world

Indian economy has overtaken the UK economy in GDP terms and the gap is expected to widen in the coming years. Dec 21, 2016
IT dept recovers old currency

I-T department raids Tamil Nadu chief secretary's residence, office; recovers Rs 30 lakh in new notes and 5 kg gold

Rama Mohana Rao was appointed the chief secretary this year in June. Dec 21, 2016
Changing union budget presentation to January

Budget 2017: Economists tell Arun Jaitley they want implementation of 'out of box' ideas

The economists told Arun Jaitley that provisions should be made in the next Budget to curb the generation of black money. Dec 21, 2016
budget 2017, fm arun jaitley, suresh prabhu indian railways, fares, tickets, modi

Budget 2017: FM Arun Jaitley makes pertinent comments on railways

Railway fares are a sensitive issue, especially in the context of upcoming assembly elections; Arun Jaitley's comments are therefore important. Dec 20, 2016
demonetisation cashless economy digital jaitley chidambaram modi lingerie

Why should the government know about lingerie purchases of a woman, asks Chidambaram

In an interview, former finance minister P Chidambaram dismisses the concept of cashless economy, raises fears of big data invading privacy. Dec 20, 2016
small savings mof post office ppf nsc kvp banks recurring deposit scheme senior citizens budget 2017

Budget 2017: Will Modi Govt bite the bullet by reducing interest rates on small savings?

The government would have to do a balancing act with interest rates on small savings and elections in states while presenting Budget 2017. Dec 20, 2016
IT dept recovers old currency

Chennai: Income Tax dept raids businessman's house, recovers Rs 10 crore

The IT dept officials also recovered 6 kg of gold jewellery as part of the black money raids in the city. Dec 20, 2016
Christine Lagarde

IMF chief Christine Lagarde found guilty of misusing public funds as French minister; here's how it could affect the world

The case pertains to the €400 million payout Christine Lagarde sanctioned for a French businessman when she was the French finance minister. Dec 19, 2016
domestic air traffic november, spicejet share price, capa aviation outlook, jet airways share price, indigo, india news

Domestic air traffic: IndiGo, SpiceJet, Jet, Air India show divergent trends in November

Domestic air traffic data for November showed that business grew 22.4 percent YoY; IndiGo, SpiceJet, Jet Airways show interesting trends. Dec 19, 2016
Rahul Gandhi

UP Assembly elections 2017: Rahul Gandhi bats for farmers again; how big is his strategy?

Rahul Gandhi is looking to woo farmers big time before the elections as they make a large vote bank in the state. Dec 19, 2016
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