Economy News

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7th Pay Commission: Govt employees may get 30% more than recommended by panel

The panel formed to oversee implementations of the 7th CPC proposals is expected to meet on Monday or Tuesday.

Jun 13, 2016

Oil prices fall back below $50 as economic concerns rise

ANZ bank said that oil was being pulled down by a sharp reduction in risk appetite and a "U.S.-dollar and treasuries rally".

Jun 13, 2016

British PM says NHS, pensions could face cuts post Brexit

Cameron warned that annual pension increases, free television licences and bus passes could all be cut to make up for a "black hole" in the public finances.

Jun 12, 2016

spicejet changes in cancellation rules refund airlines india aviation civil

Air ticket cancellation, refunds, compensation set to become passenger-friendly

Passengers can look forward to quicker refunds, higher refund amount and better compensation when boarding is denied.

Jun 11, 2016

India on course to become world's first trillion-dollar bull market in 2016

India's better fundamentals, above average monsoons and GDP growth rates is expected to outweigh any concern of market over valuation, Bloomberg reported.

Jun 11, 2016

Oil price plunge leaves Omani doctors without salaries

The Gulf nation's budget allocation for its healthcare was $346 million this year, down from $426 in 2015, reported the Gulfnews.

Jun 11, 2016

India's factory output contracts 0.8% in April

Manufacturing remained as the biggest drag with a 3.1 percent contraction in the month.

Jun 10, 2016

cement demand ultratech cement monsoon govt spending demand revival pricing pressure

Monsoon, government spending to revive weak cement demand

The demand is currently subdued on account of water shortage, severe heat wave and slackness in rural areas, says a brokerage firm.

Jun 10, 2016

Govt drops proposal to raise FDI in civil aviation to 74%

The draft civil aviation policy includes regional connectivity and permission to fly on international routes without the 5/20 rule, among other proposals.

Jun 10, 2016

sub swamy rbi rajan time bomb economy second term bjp

BJP MP Subramanian Swamy accuses RBI governor Raghuram Rajan of 'planting a time bomb'

RBI chief Raghuram Rajan has been accused of "planting a time bomb," a veiled reference by Swamy to FCNR deposits.

Jun 10, 2016

Tony Blair and John Major join forces to warn against Brexit

Former political rivals and prime ministers say a Leave vote would jeopardise the unity of the UK.

Jun 9, 2016

7th Pay Commission: Government expected to take a decision by end of this week

The decision on the 7th CPC proposals, when reached, will benefit 47 lakh central government employees and 52 lakh pensioners.

Jun 9, 2016

power situation tamil nadu electricity power surplus deficit industrial production

Tamil Nadu is no longer power deficit, turns largest energy surplus state: Report

For four years, Tamil Nadu witnessed acute power shortage, forcing shutdowns at many factories.

Jun 9, 2016

reserve bank of new zealand interest rate ocr inflation housing loans all Graeme Wheeler

Raghuram Rajan's New Zealand counterpart is worried inflation is not high in his country

Reserve Bank of New Zealand (RBNZ) left interest rate unchanged at 2.25 percent and said if low inflation persisted, the rate would be lowered.

Jun 9, 2016

saudi arabia economy world bank tax foreigners expats in saudi migrant workers nris remittances

Saudi Arabia plans to impose income tax on foreign workers: Report

The move could hit nine million foreign residents, including three million Indians. Saudi economy has been hit due to falling crude oil prices.

Jun 8, 2016

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Economy News

7th Pay Commission: Govt employees may get 30% more than recommended by panel

Oil prices fall back below $50 as economic concerns rise

British PM says NHS, pensions could face cuts post Brexit

Air ticket cancellation, refunds, compensation set to become passenger-friendly

India on course to become world's first trillion-dollar bull market in 2016

Oil price plunge leaves Omani doctors without salaries

India's factory output contracts 0.8% in April

Monsoon, government spending to revive weak cement demand

Govt drops proposal to raise FDI in civil aviation to 74%

BJP MP Subramanian Swamy accuses RBI governor Raghuram Rajan of 'planting a time bomb'

Tony Blair and John Major join forces to warn against Brexit

7th Pay Commission: Government expected to take a decision by end of this week

Tamil Nadu is no longer power deficit, turns largest energy surplus state: Report

Raghuram Rajan's New Zealand counterpart is worried inflation is not high in his country

Saudi Arabia plans to impose income tax on foreign workers: Report

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