Economy News

People need not pay transaction charges for using credit and debit cards at petrol pumps, says government

Union minister Dharmendra Pradhan said on Monday the transaction fee issue would be resolved by banks and oil-marketing companies, which is their issue.

Jan 9, 2017

demonetisation, petrol pumps, paying by cash, petrol, diesel, petrol pump dealers

Karnataka petrol pumps to stop accepting debit, credit card payments from Monday

Petrol pumps have said it will be all cash until the banks withdraw the 1% transaction charge.

Jan 8, 2017

Govt may tax black money deposited in banks after demonetisation, says Arun Jaitley

Jaitley said just because banned notes have been deposited in the banks do not make them legitimate and the Revenue Department may tax this money.

Jan 8, 2017

Indian railways, budget 2017, suresh prabhu, railway stations, railway passengers, trains

Railways to set up ATMs on platforms; eyes revenues worth Rs 2,000 crore

Next week, Suresh Prabhu will launch the non-fare revenue policy that would offer various schemes for revenue-generating activities.

Jan 8, 2017

ATM cards, POS machines will become redundant by 2020, says Niti Aayog CEO Amitabh Kant

Niti Aayog has constituted a committee to identify and operationalise user-friendly digital payment options across the sectors.

Jan 8, 2017

india, gdp growth rate for fy2017, india growth estimates, pm modi, fm arun jaitley, budget 2017, demonetisation

Rupee to fall to record low in 2017: Reuters poll

The rupee is expected to fall to a record low against the US dollar in 2017, a Reuters poll has found.

Jan 8, 2017

PM Modi's demonetisation decision could strip India of 'world's fastest-growing economy' tag

GDP growth estimates for Q3 and Q4 of 2016-17 are pegged at around 6 percent, bringing a buoyant India closer to a weak China, due to demonetisation.

Jan 7, 2017

Ivory trade ban: Can China crush its 'intangible cultural heritage'?

With Chinese loving ivory for luxury and medicinal use, it's easier said than done for China to shut down its legal ivory carvers and suppliers.

Jan 6, 2017

Ministry of Finance building in New Delhi

India, Kazakhstan agree to amend two-decade old tax treaty

Under the new amendment, information exchanged between the two countries can be shared with other law enforcement agencies.

Jan 6, 2017

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

HDFC Securities picks Triveni Turbine and Kalpataru Power as its favourite stocks from the capital goods sector.

Jan 6, 2017

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

People line up outside an ATM at a State Bank of India branch

Loan growth at historic low even as banks are awash with cash after demonetisation

But now that banks have slashed MCLR rates almost 80-90 bps at one go, SBI expects a credit growth rebound, at least in the housing sector.

Jan 6, 2017

Highways, shipping sector projects to cross Rs 6 lakh crore by March: Nitin Gadkari

Gadkari also said the government was moving towards the target of building 40-41 km of highways daily.

Jan 6, 2017

Basic income India, universal basic income

Can India give its citizens a basic income without destroying its economy?

As the need for basic income gets increasingly recognised worldwide, the viability of a universal basic income still remains questionable.

Jan 5, 2017

demonetisation, rbi, remonetisation, notes returned, bank deposits, modi

Demonetisation: RBI responds to reports that 97% of banned notes have been returned

Some economists had spoken of a windfall to Modi government, saying about 10-15 percent of the demonetised notes won't come back.

Jan 5, 2017

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Economy News

People need not pay transaction charges for using credit and debit cards at petrol pumps, says government

Karnataka petrol pumps to stop accepting debit, credit card payments from Monday

Govt may tax black money deposited in banks after demonetisation, says Arun Jaitley

Railways to set up ATMs on platforms; eyes revenues worth Rs 2,000 crore

ATM cards, POS machines will become redundant by 2020, says Niti Aayog CEO Amitabh Kant

Rupee to fall to record low in 2017: Reuters poll

PM Modi's demonetisation decision could strip India of 'world's fastest-growing economy' tag

Ivory trade ban: Can China crush its 'intangible cultural heritage'?

India, Kazakhstan agree to amend two-decade old tax treaty

Capital Goods Q3FY17 Review: L&T, Cummins and Voltas to post muted growth on demonetisation

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Loan growth at historic low even as banks are awash with cash after demonetisation

Highways, shipping sector projects to cross Rs 6 lakh crore by March: Nitin Gadkari

Can India give its citizens a basic income without destroying its economy?

Demonetisation: RBI responds to reports that 97% of banned notes have been returned

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