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Economy News

Rupee

7th Pay Commission: Bad news for staff and pensioners of autonomous bodies as their pay revision may be delayed further

The Confederation of Central Government Employees and Workers (CCGEW) has already taken up the matter of the delay with the Centre. Dec 25, 2016
ATM card

Demonetisation: Govt launches Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to promote digital payments

The aim of the two schemes is to attract the attention of the citizens and encourage them to undertake digital transactions. Dec 25, 2016
Debit card payments

Demonetisation: RTOs to accept digital payments from January 1

From January, applicants won't be required to make payments in cash. Dec 25, 2016
budget 2017, cii, wish list, income tax, corporate tax

Budget 2017: Modi sets eyes on income from stock markets; capital market gains could attract higher taxes

Modi said gains from financial markets have been taxed low so far and those who profit must make a fair contribution to nation-building through taxes. Dec 25, 2016
IT dept recovers old currency

Cash worth Rs 76.62 lakh, 700 kg ganja recovered by police, IT dept over weekend

Three people were detained in Bhuj for carrying Rs 27.62 lakh in new currency. Dec 25, 2016
Reserve Bank of India

Demonetisation jokes: Monetary move has people suggesting the weirdest 'next RBI rule' on Twitter

The Reserve Bank of India became the butt of jokes on social media with people speculating what the funniest or weirdest "next RBI rule" would be. Dec 24, 2016
demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

RBI data on ATMs, POS, credit, debit cards overdue since August

The last monthly update by the RBI on crucial bank statistics such as number of ATMs, credit and debit cards and balances was in August 2016. Dec 24, 2016
Narendra Modi

PM Modi conveys opposite messages on economic measures, fiscal prudence at Sebi campus, Shivaji memorial

Speaking at SEBI's NISM campus, Narendra Modi says demonetisation will give long-term gains; later lays foundation for Rs 3,600 crore Shivaji Memorial. Dec 24, 2016
christmas celebrations in india, foreign tourists, new year 2017, pm modi, kerala,demonetisation

Demonetisation effect: PM Narendra Modi's move dampens Christmas, New Year celebrations in India

Cash crunch caused by PM Modi's demonetisation affects tourist hotspots like Goa, Kerala and Agra, the city of Taj Mahal in incredible India. Dec 24, 2016
gst council, dual control, indian economy, april 1, gst rollout, arun jaitley

GST rollout on April 1, 2017: So near, yet so far

Dual control of GST assesses between Centre and states hangs, next GST Council meeting crucial; it's now over to budget session. Dec 24, 2016
Pakistan Stock Exchange, Karachi, stock market

Pakistan Stock Exchange: Consortium of Chinese bourses may buy 40% stake in PSE

The consortium of China Financial Futures Exchange Company, Shanghai Stock Exchange and Shenzen Stock Exchange may value the stake at about $85 million. Dec 23, 2016
india, moody, lobbied, economy, modi, budget 2017

India lobbied Moody's for ratings upgrade

An endorsement was seen as critical to PM Narendra Modi's economic stewardship, helping to attract foreign investment and accelerate growth. Dec 23, 2016
baggage tags

Airport security checks: CISF to analyse feedback as pilot trial to do away with stamps on baggage and boarding passes ends

Authorities responsible for airport security will analyse the feedback of the pilot project before the proposal can be extended further. Dec 23, 2016
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

Budget 2017: What could PM Narendra Modi announce on December 31?

The first demonetisation deadline ends on December 30 and PM Modi is likely to make some drastic announcement next day ahead of Budget 2017. Dec 23, 2016
SBI Buddy

SBI Buddy vs Paytm: SBI's 'desi' Buddy takes on 'somewhat Chinese' Paytm with banner of patriotism

SBI says its Buddy app is more secured, charges way less and is partly-owned by the government of India unlike Paytm, in which China's Alibaba has a stake. Dec 23, 2016
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