Economy News

Bullish textile sector poised to get Rs. 5000 crore inflow; 2 million new jobs on the anvil

The apparel industry appears to be buoyed by government's booster package of Rs. 6000 crore approved in June 2016 with possibilities of adding more jobs.

Jul 3, 2016

India's biggest oil refinery to come up on the west coast

The refinery, to be set up by IOC, BPCL and HPCL, would cost $30 billion and may take 5-6 years to complete.

Jul 3, 2016

7th Pay Commission: Govt 'considering' hiking minimum pay after unions threaten strike

The central government unions and employees are demanding the minimum salary be set at Rs. 26,000.

Jul 3, 2016

rbi forex reserves dollars rupee decline volatility brexit rajan mumbai bse sensex

India's foreign exchange reserves fell $3 billion during Brexit week

Foreign exchange reserves of India declined $3.02 billion during the Brexit week ended June 24, RBI data shows.

Jul 1, 2016

pmi june orders export domestic factory output manufacturing activity rise growth spurt pmi india

India: Factory output growth at 3-month high on new orders, export rebound

Factory output growth in India rose to a three-month high on the back of rise in new domestic and export orders.

Jul 1, 2016

Pakistan nationals stash more money in Swiss Banks than Indians, but Chinese way ahead of both countries

Pakistan's nationals have bucked the global trend by stashing 16 percent more in 2015 with reserves of Rs. 10,362 crore in Swiss Banks.

Jul 1, 2016

Istanbul terror attack worsens the already ailing Turkey tourism industry

Eight deadly attacks in Turkey that have killed about 250 people over the last nine months have also crippled the tourism industry.

Jul 1, 2016

Pacific Alliance finance ministers eye financial integration

The ministers said that among the key goals would be to allow pension funds from the countries in the bloc to be able to make a broader range of investments in each other's economies.

Jul 1, 2016

rainfall monsoon demand rural above normal forecast prediction imd demand consumption gdp

Monsoon gains momentum, keeps hopes alive for agriculture, industry

The June to September monsoon rainfall is crucial to Indian agriculture and in turn drives rural demand for consumer goods.

Jun 30, 2016

World Bank to issue $1 billion to ramp up India's solar generation capacity

The driving force behind the investment is Prime Minister Narendra Modi's commitment toward renewable, particularly solar, energy.

Jun 30, 2016

Rakesh Mohan, Subir Gokarn top contenders for RBI chief post

A decision to appoint the governor candidate is expected to be out by July 15 after meeting between the prime minister and the finance minister.

Jun 30, 2016

Singapore's UOB suspends London property loans after Brexit

Singapore's biggest lender, DBS Group Holdings, said it continued to provide financing for property purchases in London but was advising its customers to be cautious.

Jun 30, 2016

7th Central Pay Commission highlights

The additional financial impact on implementation of all the 7th pay commission recommendations in 2016-17 will be Rs. 1,02,100 crore.

Jun 29, 2016

7th Pay Commision: Hike poised to boost consumption-led growth alongside inflation risk

Normalising commodity prices, extent of monsoonal rains and inflation expectations are the other key concerns on India's economic growth.

Jun 29, 2016

7th Pay Commission: Armed forces disappointed with pay panel recommendations

Former Chief of Army Staff General Roy Chowdhury expressed anger at the Secretariat Panel for failing to do justice with the defence forces.

Jun 29, 2016

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Economy News

Bullish textile sector poised to get Rs. 5000 crore inflow; 2 million new jobs on the anvil

India's biggest oil refinery to come up on the west coast

7th Pay Commission: Govt 'considering' hiking minimum pay after unions threaten strike

India's foreign exchange reserves fell $3 billion during Brexit week

India: Factory output growth at 3-month high on new orders, export rebound

Pakistan nationals stash more money in Swiss Banks than Indians, but Chinese way ahead of both countries

Istanbul terror attack worsens the already ailing Turkey tourism industry

Pacific Alliance finance ministers eye financial integration

Monsoon gains momentum, keeps hopes alive for agriculture, industry

World Bank to issue $1 billion to ramp up India's solar generation capacity

Rakesh Mohan, Subir Gokarn top contenders for RBI chief post

Singapore's UOB suspends London property loans after Brexit

7th Central Pay Commission highlights

7th Pay Commision: Hike poised to boost consumption-led growth alongside inflation risk

7th Pay Commission: Armed forces disappointed with pay panel recommendations

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

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Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react