Economy News

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

yuan, rupee, yuan vs us dollar, rupee vs dollar, china, india, modi, jinping

Chinese yuan depreciated faster than Indian rupee in CY2016

In calendar year 2016, the Indian rupee faced more headwinds than the Chinese yuan.

Jan 3, 2017

Singapore GDP growth of 9.1% in Q4 brings little cheer for 2017; was it a case of too-good-to-be-true?

The city-state's growth outlook for 2017 remains cloudy and analysts forecast GDP growth to come in around 1 to 2 percent amid domestic and global headwinds.

Jan 3, 2017

budget 2017, indian railways, railway budget 2017

7th Pay Commission: Higher payout to employees has not affected costs much, says Suresh Prabhu

The implementation of the 7th Pay Commission proposals for employees have slightly increased operating ratio for Indian Railways.

Jan 3, 2017

Drastic lending rate cuts to squeeze banks' net interest margins, say brokerages

Analysts expressed surprise at the quantum of MCLR cuts by banks and said the implication is likely to be negative for both banks as well as NBFCs.

Jan 3, 2017

Arundhati Bhattacharaya, SBI chairman, SBI, SBI merger

SBI merger postponed till next fiscal; chairperson Arundhati Bhattacharya cites IT system change as reason

Timeline for merger of five bank subsidiaries and BMB will be finalised once the Centres notifies the merger, says Arundhati Bhattacharya

Jan 3, 2017

winter session parliament modi bjp nda congress madhya pradesh simi bhopal encounter ram kishan grewal orop suicide delhi haryana soldier army pay commission opposition aap arvind kejriwal gst bills pending

Budget Session of Parliament to begin from January 31

The Economic Survey to be presented on the same day followed by the General Budget on February 1.

Jan 3, 2017

hsbc expat explorer, hsbc expat survey, singapore, switzerland, india, hong kong

What are the best countries to live and work in? Here's the definitive list

Singapore retains top slot; Switzerland ranks high in terms of salary, India slips in ranking, reveals HSBC Expat 2016 survey.

Jan 2, 2017

Indian railways, Railway coolies, India rail porters, coolies

Budget 2017: Railway coolies to get provident fund, pension benefits

The BJP government is planning to bring railway porters under the social security net of EPFO scheme.

Jan 2, 2017

pay commission, budget 2017, 7th cpc, central government employees, allowances, arun jaitley

7th Pay Commission: Top 2 developments before Budget 2017 raise hopes for Central government employees

The finance ministry seems better placed now after demonetisation to decide on raising allowances as recommended by the 7th Pay Commission.

Jan 2, 2017

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Nehru-Gandhi dynasty should quit leadership to make Congress credible: Ambit analyst

Siddhartha Rastogi of Ambit Group says leaders outside the Nehru-Gandhi family have a better GDP growth rate track record.

Jan 2, 2017

ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

The I-T Dept will take action after identifying if deposits in Jan Dhan accounts belonged to somebody else.

Jan 2, 2017

ippb bank post office india operations recruitment hiring ceo assistant manager

Comparison of interest rates on deposits by senior citizens after PM Modi's speech

Interest rates on deposits by senior citizens by post office are higher than that announced by PM Modi.

Jan 1, 2017

Budget 2017: Increasing income tax exemption limit to Rs 5 lakh will revive demand, says Deloitte survey

The survey also highlighted that the National Pension Scheme withdrawal should be non-taxable just like the Provident Fund.

Jan 1, 2017

india defence army navy air force exports production manohar parrikar modi govt nda bjp brahmos vietnam china pakistan terrorism threat skies production companies licence industrial

7th Pay Commission: SBI releases arrears for Army, Navy, Air Force pensioners

State Bank of India has released Rs 3,323.24 crore in arrears to defence pensioners on Friday.

Jan 1, 2017

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Economy News

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

Chinese yuan depreciated faster than Indian rupee in CY2016

Singapore GDP growth of 9.1% in Q4 brings little cheer for 2017; was it a case of too-good-to-be-true?

7th Pay Commission: Higher payout to employees has not affected costs much, says Suresh Prabhu

Drastic lending rate cuts to squeeze banks' net interest margins, say brokerages

SBI merger postponed till next fiscal; chairperson Arundhati Bhattacharya cites IT system change as reason

Budget Session of Parliament to begin from January 31

What are the best countries to live and work in? Here's the definitive list

Budget 2017: Railway coolies to get provident fund, pension benefits

7th Pay Commission: Top 2 developments before Budget 2017 raise hopes for Central government employees

Nehru-Gandhi dynasty should quit leadership to make Congress credible: Ambit analyst

Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

Comparison of interest rates on deposits by senior citizens after PM Modi's speech

Budget 2017: Increasing income tax exemption limit to Rs 5 lakh will revive demand, says Deloitte survey

7th Pay Commission: SBI releases arrears for Army, Navy, Air Force pensioners

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