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Economy News

GST State finance ministers

With states agreeing on 4 key issues, has BJP really cracked the GST code?

With top four concerns of states addressed, the ruling BJP could now rally support of non-Congress members in the Rajya Sabha. Jul 27, 2016
India immigration

India considers relaxing visa policy to attract more trade, investment

A new proposal by the commerce ministry suggests that business visa should be incorporated into the non-work visa category. Jul 27, 2016
air india jet airways indigo domestic air traffic passenger volume dgca civil aviation policy 2016 flying india market share go air spicejet

'Absence of resources stops Indian carriers from flying international'

Lack of finances stops the airlines from using bilateral air-traffic rights, says Minister of State for Civil Aviation Jayant Sinha. Jul 27, 2016
State Bank of India SBI headquarters

State Bank of India writes off bad loans worth Rs. 15,763 crore in FY2016

Public sector banks wrote off bad loans worth Rs. 59,547 crore in FY2016; SBI topped the list with Rs. 15,763 crore. Jul 27, 2016
raghuram-rajan-addresses-a-news-conference-at-the-banks-headquarters-in-mumbai-reuters

Raghuram Rajan debunks critics on inflation, credit growth, bad loans

At the 10th Statistics Day Conference 2016 held on Tuesday, RBI Governor Raghuram Rajan took on those who flayed him for his monetary policy. Jul 26, 2016
air india jet airways indigo domestic air traffic passenger volume dgca civil aviation policy 2016 flying india market share go air spicejet

Domestic air traffic: How IndiGo, Jet Airways, Air India, Go Air, AirAsia India, Vistara performed in June

Here is how Jet Airways, Go Air, AirAsia India,IndiGo, Vistara, Air India and Pegasus performed in June. Jul 26, 2016
Indian rupee vs dollar

7th Pay Commission notification issued; employees to get higher salary from August

Now minimum monthly salary, as proposed by the 7th CPC, will be Rs. 18,000 as against Rs. 7,000 paid currently. Jul 26, 2016
Subir Gokarn

Subir Gokarn will make a suitable central bank governor: Former RBI chief D Subbarao

Subir Gokarn's name has been doing the rounds as a possible candidate to replace Raghuram Rajan. Jul 26, 2016
Crude oil

Oil prices edge away from 3-month lows, but mood remains bearish

Brent hit its lowest level since May the previous day, while WTI hit its lowest level since April. Jul 26, 2016
led fraud websites piyush goyal Energy Efficiency Services Limited UJALA 9W LED bulbs

LED bulbs: EESL warns against fake websites using PM Modi's image to cheat consumers

The Modi government has warned against fraudulent websites selling LED bulbs under the UJALA programme. Jul 25, 2016
Cadbury

Central Vigilance Commission expands probe into alleged Rs. 580 crore excise duty evasion by Cadbury

The Central Vigilance Commission has sought information from U.S. authorities over the alleged excise duty evasion. Jul 25, 2016
Crude oil prices

Crude stays near two-month low on oil glut worries

A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped relieve pressure on crude futures. Jul 25, 2016
Startups in India

Govt eases eligibility for start-up businesses, just 1 certificate required

The certificate would be enough for the start-up firms to avail Intellectual Property Rights (IPR) and tax benefits from the govt. Jul 24, 2016
india monsoon rainfall imd surplus deficit spread average above normal modi sowing floods deaths romantic romance mumbai

India receives surplus rainfall till July 20; sowing activity picks up momentum

Sowing is in full swing across India after the southwest monsoon rainfall until July 20 has been on expected lines. Jul 23, 2016
IMF

Top G20 nations need to spend more for global growth: IMF

Large infrastructure projects have the power to boost short-term demand directly and catalyse private investment. Jul 23, 2016
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