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Economy News

Dr. Arvind Panagariya

Demonetisation forcibly executed before planning was complete, likely to hit GDP rate: NITI Aayog vice-chairman

Arvind Panagariya says leaking of information forced PM Modi to hasten the process and reassured that GDP rates will pick up in long term. Dec 1, 2016
gold silver prices buying demand weak titan pc jeweller gitanjali gems global cues dhanteras 2016 auspicious hindus festival diwali bse nse

Jewellery bought from disclosed income, inherited not to be taxed: Govt

Government Thursday clarified that amended Income Tax bill passed by Lok Sabha has no provision to impose tax on legitimate holdings of jewellery. Dec 1, 2016
demonetisation gdp q2 data growth rate cut nomura analysts rbi mpc meet december 6 and 7 focus shifts to urjit patel modi

Demonetisation hastens Nomura's call for rate cut by RBI

Nomura Securities says near-term economic slowdown can be partially offset by a 25 bps rate cut at the December MPC meeting. Dec 1, 2016
How Secure Is Your Password? Here's a List Of 2014's Worst Passwords; Tips On Choosing Strong Passwords

Phishing websites spoof 26 banks in India trying to steal customer details

Pretending as secure payment gateways, these phishing sites first gather sensitive data and then a fake failed login message is displayed to the victim. Dec 1, 2016
domestic car sales november maruti tata hero mahindra two wheeler exports business demonetisation share price

Demonetisation moderately slows down manufacturing in November

The PMI for November came in at 52.3, down from 54.4 in October, but impact of demonetisation was not critical. Dec 1, 2016
Saudi riyal banknotes

Saudi Arabia infuses $27 billion into sovereign wealth fund

With falling oil revenue, the country is looking at more investments through its wealth fund to boost national income. Dec 1, 2016
Toll booth violence

Demonetisation: Road ministry proposes Rs 5 to Rs 100 coupons as new currency at toll plazas

The Ministry of Road Transport and Highways has proposed that high-security coupons be used as small denomination currency at toll plazas. Dec 1, 2016
Aircraft takeoff

Aviation stocks down post 3% fall in jet fuel prices

The new Aviation Turbine Fuel (ATF) prices came into effect on December 1. Dec 1, 2016
rupee vs dollar us india american us fed interest rate hike raise reserve elections donald trump modi govt all time low 2013 bjp nda arun jaitley

Payday cash crunch: Banks seek police protection, put withdrawal limits as queues outside banks and ATMs get longer

Bankers said that they are receiving less than half the cash required on a daily basis with several running out of cash within hours of opening shop. Dec 1, 2016
ATM card

Demonetisation: Short of cash? Here are 6 ways to beat cash crunch blues

You need to reduce your usage of cash and shift to digital modes of payment and use fintech innovation to beat the cash crunch. Nov 30, 2016
India GDP

India clocks GDP growth at 7.3% in September quarter

While the services sector and agriculture led the growth, manufacturing remained a drag as investment activity during the quarter declined. Nov 30, 2016
Narendra Modi

Time Person of the Year 2016: PM Modi front-runner, but can he hold on to the lead?

On Tuesday, a Time report said the Indian prime minister had 18 percent of the votes, down from his earlier lead of 21 percent. Nov 30, 2016
Sextortion

Evening wrap: 3 Army officials killed in chopper crash, cyclone Nada in TN, 'sextortion' is a thing, and more

Read about the government's plans on putting up with payday rush, and Bigg Boss 10 wild card entrant's sexist comment. Nov 30, 2016
aditya puri, hdfc bank

Aditya Puri slams analysts, economists for predicting GDP will fall after note ban

Admitting that there is bound to be a "temporary aberration", Puri said the move was necessary to root out counterfeit notes from the country. Nov 30, 2016

Demonetisation: Sensex likely to settle down at 21,000, says Gurumurthy [VIDEO]

Gurumurthy said the note ban was due as the UPA's neglect led to a spurt in the circulation of high-denomination currencies from 34% in 2004 to about 87% in 2016. Nov 30, 2016
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