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Economy News

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
gst bill parliament rajya sabha india foreign media govt modi discussion debate bills legislation new delhi congress bjp nda sp chidambaram jaitley cpm yechury yadav

GST Bill: What foreign media had to say about 'one nation, one tax' legislation

Many prominent newspapers and channels covered the passage of the GST Bill on Wednesday, seen as key to Modi's economic reforms. Aug 4, 2016
Indian highway

Cabinet approves monetisation of 75 road projects

The cabinet has authorised NHAI to monetise the public funded highway projects, which would garner Rs. 1 lakh crore. Aug 4, 2016
Rajya Sabha

GST Bill passed in Rajya Sabha uninamously; FM Arun Jaitley, P Chidambaram, Anand Sharma, Sitaram Yechury, others spoke

After a heated debate, the Rajya Sabha passed the GST Bill on Wednesday; the AAIADMK walked out before the voting. Aug 3, 2016
Migrant workers in Dubai

Falling crude oil prices hit Indian migrants in Gulf region

The inward remittance decline was recorded 2.2 percent at $35.9 billion during the financial year 2015-16. Aug 3, 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

GST Bill: India Inc. will be fine with 20% rate, says CII chief Naushad Forbes

The GST Bill may not have specified a rate, but industry body CII says anything above 20 percent would be "problematic". Aug 3, 2016
gst bill parliament rajya sabha india govt modi discussion debate bills legislation new delhi congress bjp nda sp chidambaram jaitley cpm yechury yadav

GST Bill debate in Rajya Sabha ends; legislation passed unanimously

Rajya Sabha debates GST Bill; P Chidambaram of Congress insists on capping standard rate at 18 percent. Aug 3, 2016
Airline apps

Low-cost carriers likely to take a hit from new flight cancellation policy

Airlines will have to pay Rs. 10,000 to passengers for cancelling their ticket if the flight is delayed more than 2 hours. Aug 2, 2016
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