Economy News

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India US trade relations: Visa restrictions and remittances, not trade dynamics cause for concern

Trade surplus India has with US is not so high, but the impact on IT companies and remittances by NRIs due to possible curbs on H1B visa should worry.

Jan 25, 2017

BRICS bank NDB aims to increase lending to $10 billion in 6-7 years

Last year, NDB's board approved seven investment projects worth $1.5 billion, including two projects of $600 million for India.

Jan 24, 2017

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7th Pay Commission: EC's order on Budget 2017 could bring cheer to Central govt employees

The EC's order on Budget 2017 could raise hopes of Central government employees seeking allowances hike as proposed by the 7th pay commission.

Jan 24, 2017

UAE Crown Prince Sheikh Mohamed bin Zayed Al Nahyan india visit republic day india trade uae oil investments relations narendra modi r-day guest muslims

Republic Day chief guest Abu Dhabi Crown Prince Al-Nahyan set to arrive in India on second official visit

A significant aspect of the Prince's presence would be the participation of a military contingent from the UAE that will march during the Republic Day parade.

Jan 24, 2017

RBI resorts to ethical hacking to test Indian banks' cyber vulnerabilities

During the first phase of the test, the RBI will focus on PSU banks that are understood to be more susceptible than private banks.

Jan 23, 2017

Cooperative banks debarred from accepting deposits under PMGKY tax amnesty scheme

The government took the decision after cooperative banks were found tampering with cash records to launder money after demonetisation.

Jan 22, 2017

Note ban jerk to hit sales volume of SMEs in January-March quarter as well

SMEs would continue to feel the pinch of demonetisation as rural consumption and job creation continue to be impacted negatively in the fourth quarter.

Jan 22, 2017

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CPSE Exchange Trade Fund issue gets overwhelming response

The Exchange Trade Fund (ETF) of Central Public Sector Enterprises (CPSE) got bids worth Rs 12,000 crore, said the finance ministry.

Jan 21, 2017

Countries rushing to amass fighter jets will fire global defense sector growth in 2017-18

The global Aerospace and Defense sector is likely to grow at 2 percent in 2017, driven primarily by a 3.2 percent revenue growth in the defense sector, a Deloitte report says.

Jan 20, 2017

7th pay commission, gujarat govt, fixed-pay employees, gujarat elections 2017, salary hike, 7th cpc, narendra modi

7th Pay Commission: Gujarat govt announces massive salary hike for fixed-pay employees

There are about 1.19 lakh fixed-pay Gujarat government employees and they are set to get a huge increase with implementation of the 7th Pay Commission proposals.

Jan 20, 2017

china, china economy, china growth rate 6.7 percent, china growth rate 6.7%, xi jinping, indian economy

China growth slows down to 6.7% in CY2016

The drop in China's growth rate in CY 2016 is a cause for concern since it is the second-biggest importer of both goods and commercial services globally.

Jan 20, 2017

Cooperative banks 'seriously tampered' cash records for money laundering, says I-T Dept

The I-T Department has informed the RBI that its investigation revealed illegal malpractices being deployed by such banks to the tune of multi-crore rupees.

Jan 19, 2017

India Inc trimmed debt by Rs 95,000 crore in H1 this fiscal: SBI Ecowrap

Sales took a hit during April-September 2016 YoY but profit margins improved as a result of reduced debt.

Jan 19, 2017

Bombay Stock Exchange will see 36 firms delisted on January 20

The companies will now be shifted to BSE's dissemination board for a period of five years as per the Sebi guidelines. BSE is the world's largest bourse

Jan 19, 2017

Disclosure of property, jewelry and overseas account holdings not allowed in PMGKY tax amnesty scheme

The Central Board of Direct Taxes said only unaccounted domestic cash holding can be declared through the scheme.

Jan 19, 2017

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Economy News

India US trade relations: Visa restrictions and remittances, not trade dynamics cause for concern

BRICS bank NDB aims to increase lending to $10 billion in 6-7 years

7th Pay Commission: EC's order on Budget 2017 could bring cheer to Central govt employees

Republic Day chief guest Abu Dhabi Crown Prince Al-Nahyan set to arrive in India on second official visit

RBI resorts to ethical hacking to test Indian banks' cyber vulnerabilities

Cooperative banks debarred from accepting deposits under PMGKY tax amnesty scheme

Note ban jerk to hit sales volume of SMEs in January-March quarter as well

CPSE Exchange Trade Fund issue gets overwhelming response

Countries rushing to amass fighter jets will fire global defense sector growth in 2017-18

7th Pay Commission: Gujarat govt announces massive salary hike for fixed-pay employees

China growth slows down to 6.7% in CY2016

Cooperative banks 'seriously tampered' cash records for money laundering, says I-T Dept

India Inc trimmed debt by Rs 95,000 crore in H1 this fiscal: SBI Ecowrap

Bombay Stock Exchange will see 36 firms delisted on January 20

Disclosure of property, jewelry and overseas account holdings not allowed in PMGKY tax amnesty scheme

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