Economy News

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Unemployment in India: Urban Indians suffer more than rural folks, reveals BSE-CMIE survey

Unemployment rates in India are crucial as Narendra Modi had promised new 1 million jobs every year while campaigning for the 2014 Lok Sabha elections.

Feb 23, 2017

7th Pay Commission: Tamil Nadu all set to announce salary hike for 18 lakh employees

June 30 is the deadline for the five-member panel to submit recommendations after studying the 7th Pay Commission proposals.

Feb 23, 2017

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India signs aviation agreements with Greece, Rwanda

The air service agreements with Greece and Rwanda are aimed at boosting trade, investment, tourism and cultural exchanges.

Feb 22, 2017

Fake Rs2,000 notes with 'Churan Lable' issued by SBI ATM in Delhi; Children Bank of India strikes again!

After actress Megha Chakraborty warned against lower-denomination notes purportedly issued by the "Children Bank of India", some Rs2,000 notes by the same "bank" came out of an SBI ATM in South Delhi.

Feb 22, 2017

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Operation Clean Money: Five lakh Indian tax payers under taxman's surveillance

'Operation Clean Money' was launched on January 31, 2017 to e-verify large cash deposits made between November 9 and December 30, 2016.

Feb 22, 2017

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No new Rs 1,000 notes, says Economic Affairs Secretary Shaktikanta Das; Is this another govt flip-flop after demonetisation?

The statement runs counter to Das' previous remarks on November 10, when he said new Rs 500 and Rs 1,000 notes would be introduced with special features and new designs in a few months.

Feb 22, 2017

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India is now among the top 10 trading partners of US

Provisional data for 2016 shows that India moved two ranks to become the 9th trading partner of the US.

Feb 22, 2017

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7th Pay Commission could give an unintended bonanza to private sector employees

In its report, the 7th Central Pay Commission has proposed doubling the gratuity ceiling for Central government employees to Rs 20 lakh.

Feb 22, 2017

BMC elections 2017: 5 reasons why voter turnout in Mumbai was the highest in 25 years and a headache for BJP

The 55 percent turnout for the BMC elections — for which Maharashtra Chief Minister Devendra Fadnavis congratulated Mumbaikars — could well be a body blow for the BJP.

Feb 22, 2017

Bharat QR code: Here are 5 reasons why this digital transaction method is a win-win

From BHIM app to Aadhaar Pay, the Indian government has been working to increase digital transactions in the country and reduce its dependence on cash.

Feb 21, 2017

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Reserve Bank of India to issue new series of Rs 1,000 notes soon: Report

A media report says printing of the new series of Rs 1,000 notes has already commenced, just four months after demonetisation.

Feb 21, 2017

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China's PBOC mulls lower reserve norms to free up money for lending

The rider is that the banks lend money to weaker, cash-starved sectors of the economy.

Feb 21, 2017

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Rosneft-led consortium plans to complete Essar acquisition next month: Sources

Acquiring the refiner will give Russia's state-owned oil major Rosneft access to India, one of the world's fastest-growing energy markets.

Feb 20, 2017

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Deposits, bond yield stabilising after note ban-induced volatility

In separate updates, DBS Bank and Nomura say digital transactions are up, deposit growth stable and bond yield rises from low levels.

Feb 20, 2017

Demonetisation: RBI increases weekly cash withdrawal limit for savings bank account to Rs 50,000 from today

The RBI had imposed several limits on cash withdrawals from banks and ATMs following PM Modi's decision to demonetise old notes of Rs 500 and Rs 1,000 on November 8, 2016.

Feb 20, 2017

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Economy News

Unemployment in India: Urban Indians suffer more than rural folks, reveals BSE-CMIE survey

7th Pay Commission: Tamil Nadu all set to announce salary hike for 18 lakh employees

India signs aviation agreements with Greece, Rwanda

Fake Rs2,000 notes with 'Churan Lable' issued by SBI ATM in Delhi; Children Bank of India strikes again!

Operation Clean Money: Five lakh Indian tax payers under taxman's surveillance

No new Rs 1,000 notes, says Economic Affairs Secretary Shaktikanta Das; Is this another govt flip-flop after demonetisation?

India is now among the top 10 trading partners of US

7th Pay Commission could give an unintended bonanza to private sector employees

BMC elections 2017: 5 reasons why voter turnout in Mumbai was the highest in 25 years and a headache for BJP

Bharat QR code: Here are 5 reasons why this digital transaction method is a win-win

Reserve Bank of India to issue new series of Rs 1,000 notes soon: Report

China's PBOC mulls lower reserve norms to free up money for lending

Rosneft-led consortium plans to complete Essar acquisition next month: Sources

Deposits, bond yield stabilising after note ban-induced volatility

Demonetisation: RBI increases weekly cash withdrawal limit for savings bank account to Rs 50,000 from today

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