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Economy News

pay commission 7th cpc allowances hike committee arun jaitley india defence forces diwali gift gdp salary hike allowances pay commission

7th Pay Commission: Salary hike to Central government employees not reflecting in GDP data

The April-September 2016 GDP data suggests pay hike to Central government staff did not give consumption boost. Nov 28, 2016
demonetisation demonetization currency rbi rs 500 rs 1000 note currency pm modi arun jaitley trends rs 2000

I-T department seizes Rs 40 crore worth of banned notes at Delhi bank

The sleuths recovered the soiled notes from a Kashmere Gate branch of Axis Bank in New Delhi. Nov 28, 2016
textile gdp growth hi nirmala lok sabha modi govt demonetisation india growth rate economy world's fastest bse nse sensex price goods iip factory output

Indian economy cools down to 7.1% in September quarter

The GDP growth rate for H1, FY2017 is also 7.1 percent, as disclosed by Commerce and Industry Minister Nirmala Sitharaman on Monday. Nov 28, 2016
Airport taxi parking

Airports Authority of India to start digital payment for airport parking fees

The digital payment system will be applicable from November 29. Nov 28, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization impact on gdp q3 growth rate real estate gold construction india ratings

India's last pre-demonetisation GDP figures likely to be released soon

The September quarter (Q2) economic growth data will be keenly analysed; Q3 data will factor in demonetisation-induced slowdown. Nov 28, 2016
demonetisation rbi urjit patel finmin shaktikanta das press conference modi govt arun jaitley debate crisis notes bank rs 500 rs 1000

RBI Governor Urjit Patel finally speaks on demonetisation; says govt working to 'ease pain of honest citizens'

Patel requested people to use debit cards and digital wallets instead of cash as it would make transactions easier and cheaper. Nov 28, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Government using demonetisation to push for financial inclusion: Report

The Centre has asked state governments, banks and employers to open bank accounts for temporary and contractual workers. Nov 28, 2016
Dr Prathap Reddy

India's earnings from medical tourism could exceed US $8 billion by 2020: Dr Prathap Reddy

The Chairman of the Apollo Hospitals Group, who has been giving us updates on Jayalalithaa, discusses healthcare needs, medical tourism and healthcare education in India. Nov 28, 2016
goa flea market

Goa aims to go cashless from Dec 31, educates vendors about mobile payments

Defence Minister Manohar Parrikar held a meeting with banks on Saturday and said Goa will become the first to go cashless. Nov 27, 2016
Bharat Bandh

Bharat Bandh likely to be a flop show as most regional parties opt out

The Congress has also sidelined itself saying the BJP was falsely accusing it of calling for a Bharat Bandh on Monday. Nov 27, 2016
Protesters March against the Land Acquisition Ordinance

Delayed infra projects risk cost overrun of Rs 1.77 lakh crore

In a flash report, the Ministry of Statistics and Programme Implementation highlighted that only 282 of the 1,167 infrastructure projects are on schedule. Nov 27, 2016
india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty

Foreign investors dump Indian equities, debt worth $5 billion in November

The selling pressure in Indian capital markets intensified in November over concerns that the note ban could slow down the economy. Nov 27, 2016
Arun Jaitley

FinMin calls for more private investment in infrastructure sector

Jaitley said India's economy achieved robust growth rate during the first half of present fiscal. Nov 27, 2016
aap mla raid income tax cash seizure recovery aap bjp clash recovery unaccounted wealth black money

IDS declarants, pay tax by November 30 warns Income tax department

The income tax department warns declarants that non-payment of first instalment by November 30 will make declarations invalid. Nov 27, 2016
Princess Diana

Morning brief: Pak's new Army Chief, Hamilton takes pole position, Trump pursued Princess Diana and more

Also read about RBI's instruction to banks on demonetisation and Samsung Galaxy S8's big promise. Nov 27, 2016
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