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pay commission consumption demand inflation goods purchases buying eating out salary pensioner pension hike allowances notification modi govt

7th Pay Commission: How India Inc. could benefit from salary hike to Central govt employees

The hike could benefit firms dealing in phones, vehicles and home appliances, shows a Tata Strategic Management Group study. Aug 9, 2016
China nuclear centre

China warns UK over £18 billion nuclear power deal

Britain said it wanted closer ties with China, but resisted pressure to sign off on a $24 billion nuclear power project. Aug 9, 2016
rbi forex reserves dollars rupee decline volatility brexit rajan mumbai bse sensex

RBI monetary policy review: Yes Bank, SBI, ICICI Bank, Mahindra, Kotak, Muthoot Fincorp, others respond to Rajan's statement

Bankers and industrialists from ICICI Bank, SBI, Mahindra, Muthoot have responded to Rajan's monetary policy statement of Aug. 9. Aug 9, 2016
bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

Here is what RBI governor Raghuram Rajan said on inflation, GDP growth rate, commodity prices and global economy

Outgoing RBI Governor Raghuram Rajan left the repo rate unchanged at 6.50 percent. Aug 9, 2016
Rajan

RBI Governor Raghuram Rajan leaves repo rate unchanged at 6.50%; retains FY17 growth forecast at 7.6%

RBI governor Raghuram Rajan has left repo rate unchanged at 6.50 percent, FY17 GDP growth rate projection retained at 7.6 percent. Aug 9, 2016
budget jaitley merge merger rail suresh prabhu ok fine modi govt

Rail, general budget merger proposal being examined, says finance ministry official

A Union Finance Ministry official said the Central government has already started examining the possible merger of rail and general budgets. Aug 8, 2016
construction workers real estate residential property increase activity gst rest reit bill tax rate standard india metros rent owner launches launch gdp june slowdown

Bengaluru leads in launch of new residential properties during June quarter: Colliers India

Colliers India said Bengaluru (Bangalore) accounted for about 48 percent of 24,000 residential units launched in June quarter. Aug 8, 2016
An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013

India's fight against inflation to help macroeconomic stability: Moody's

In an inflation-fighting move by the outgoing RBI Governor Raghuram Rajan, the government this week notified Parliament that it would introduce the target of 4 percent. Aug 7, 2016
saudi arabia indians workers migrants stranded food mea vikas sushma swaraj what happened how many tweet construction food shelter

Saudi envoy to India says 2,500 and not 10,000 Indians stranded; Modi govt launches 4-pronged effort

Saudi Arabia's ambassador to India, Saud Bin Mohammed Al Sati, says the lay-offs do not reveal a pattern, even as India launches 4-pronged effort. Aug 6, 2016
pay commission consumption demand inflation goods purchases buying eating out salary pensioner pension hike allowances notification modi govt

7th Pay Commission: Govt issues notification on hike for pensioners, finally

After keeping about 52 lakh pensioners guessing, the Modi government finally cleared the hike as proposed by the 7th Central Pay Commission. Aug 6, 2016
rbi subir gokarn raghuram rajan successor profile ed imf brookings deputy governor contender race post appointment term tenure sep 4

Subir Gokarn meets RBI governor Raghuram Rajan, triggers speculation: Report

Former deputy governor of RBI Subir Gokarn's purported meeting with RBI chief Raghuram Rajan on Friday has triggered speculation. Aug 6, 2016
Mutual Funds Blackrock DSP Bonds

Mutual funds: Some transactions in DSP BlackRock Micro Cap Fund temporarily suspended

Certain transactions have been suspended fearing possibility that large inflows may prove detrimental to investors' interests. Aug 6, 2016
gst bill parliament rajya sabha india govt modi discussion debate bills legislation new delhi ratings fitch

GST Bill is a positive reform signal for India, will remove trade barriers: Fitch

Fitch expects the debt to reach 69.4 percent of the GDP in the present financial year. Aug 5, 2016
Steel imports steel industry india

Government extends minimum import price for steel products by 2 months

The extension is an indication that India is becoming increasingly protectionist as it tries to support domestic players. Aug 5, 2016
gst bill parliament rajya sabha india govt eating out restaurant modi discussion debate bills legislation new delhi congress bjp nda sp chidambaram jaitley cpm yechury yadavea

GST Bill: How 'one nation one tax' law would affect people from April next year

The Goods and Services Tax won't be a win-win for all when it presumably comes into effect from April 1, 2017. Aug 4, 2016
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