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Economy News

Christine Lagarde

IMF chief Christine Lagarde found guilty of misusing public funds as French minister; here's how it could affect the world

The case pertains to the €400 million payout Christine Lagarde sanctioned for a French businessman when she was the French finance minister. Dec 19, 2016
domestic air traffic november, spicejet share price, capa aviation outlook, jet airways share price, indigo, india news

Domestic air traffic: IndiGo, SpiceJet, Jet, Air India show divergent trends in November

Domestic air traffic data for November showed that business grew 22.4 percent YoY; IndiGo, SpiceJet, Jet Airways show interesting trends. Dec 19, 2016
Rahul Gandhi

UP Assembly elections 2017: Rahul Gandhi bats for farmers again; how big is his strategy?

Rahul Gandhi is looking to woo farmers big time before the elections as they make a large vote bank in the state. Dec 19, 2016
Rs 2000, raids, currency, cash seized

Demonetisation will help government earn Rs 2-3 lakh crore in taxes: Manohar Parrikar

The RBI has, meanwhile, imposed restrictions on depositing more than Rs 5000 in old currency notes. Dec 19, 2016
demonetisation, remonetisation, pm modi, banks, atms, cash withdrawals, restrictions on cash, rbi

Demonetisation: How key indicators moved in the world's fastest growing economy after PM Modi's currency ban

The first month (November) of demonetisation by PM Narendra Modi was packed with bad news except civil aviation and inflation. Dec 19, 2016
Indian Railways

Budget 2017: Railways plans new Mumbai-Goa superfast train; separate agency to recommend fares

Railways will also provide Rs 40,000 crore for city projects to develop and strengthen the network and ensure speedy transit. Dec 19, 2016
NSE national stock exchange shares traded bulk deals block deals share price kotak essar ceat nava bharat ventures

NSE new CEO: National Stock Exchange may hire an outsider for top job after Chitra Ramkrishna's sudden exit

The NSE may look for an external candidate as it has no one from the current talent pool to potentially replace Ramkrishna. Dec 19, 2016
Oil markets

Oil prices rise in anticipation of tighter 2017 market

Traders said the higher prices in front-month crude futures were due to expectations of a tighter market. Dec 19, 2016
Rs 2000, raids, currency, cash seized

Income tax dept recovers Rs 10.50 crore worth assets from tea seller in Surat

Rs 1.45 crore in cash, Rs 1.05 crore in new currency, bullion worth Rs 1.49 crore were recovered during the raid. Dec 18, 2016
Arun Jaitley

Budget 2017 will focus on encouraging public, private spending: Arun Jaitley

Jaitley said spending boost is required to satisfy India's aspiration to increase GDP growth and become a developed economy. Dec 18, 2016
gold smuggling seized seizure dri bengaluru prices yellow metal price difference india modi govt airport delhi mumbai customs

Hyderabad: Gold worth Rs 2,700 crore imported into city post-demonetisation

Between November 8-30, 8,000 kgs of gold was brought into the city using demonetised currency. Dec 18, 2016
Reserve Bank of India

Bengaluru: 2 RBI officials arrested for currency exchange fraud

The latest arrests have raised questions on the role played by the central bank officials in currency exchange process. Dec 18, 2016
rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI issues FAQs on deposit scheme for undisclosed income

The Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016 is the second amnesty scheme, after the IDS, for income tax evaders. Dec 17, 2016
digital india e procurement e tender india modi demonetisation jaitley ravi shankar prasad

Narendra Modi govt walks the talk on digital push to procurement

The number of e-tenders has gone up substantially since the Modi government came to power and launched Digital India. Dec 17, 2016
gst council, dual control, indian economy, april 1, gst rollout, arun jaitley

GST rollout likely between April 1-September 16: Arun Jaitley

Not ruling out possible delay in GST implementation, the Finance Minister said it is a transaction tax and can be rolled out anytime of the year. Dec 17, 2016
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