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Economy News

Narendra Modi

PM Modi approves advancing Union Budget presentation

Prime Minister Narendra Modi has set March 30 as the date for parliament approval for the general budget. Sep 1, 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

India grows at slowest pace in six quarters; mining, construction disappoint

India, the world's fastest-growing economy, grew at 7.1 percent in June quarter as against 7.9 percent in March quarter. Aug 31, 2016
supreme court diesel cars ban lifted siam damage loss toyota maruti tata mahindra mercedez audi honda hyundai essar ruia vijay mallya

Diesel car sale ban: SC delivered Rs. 4,000 crore blow, says auto industry body Siam

In December last year, the Supreme Court imposed a ban on sales of diesel cars in Delhi; the ban was lifted early this month. Aug 31, 2016
7th pay commission 7th cpc central govt karnataka employees pensioners parity pay salary pensioners allowances

7th Pay Commission: Salary arrears for seven months credited to bank accounts of pensioners

The arrears for seven months and revised pension for August as recommended by 7th pay commission were credited on Tuesday. Aug 31, 2016
Residential permit India

Cabinet grants Permanent Residency Status to foreign investors

The Permanent Residency Status will be granted for a period of 10 years with multiple entry in a bid to attract investments. Aug 31, 2016
Plane refueling

IOC, HPCL, BPCL to form joint venture for managing jet fuel sales

Airports Authority of India is expected to hold 25 percent equity stake in the joint venture. Aug 31, 2016
Bharat Bandh 2016: What will remain open despite nationwide strike on Sept. 2?

Bharat bandh: Trade unions reject Modi Govt sops to workers; firm on September 2 strike

Trade unions refused to call off their September 2 strike call despite FM Arun Jaitley announces higher daily wages, bonus for Central govt staff. Aug 30, 2016

Pension freedoms: Five biggest risks to taking out your savings early

465,000 people have taken cash out of their private pensions since the rules were introduced in 2015. Aug 30, 2016
bank credit, rbi, demonetisation, india slowdown, economy, urjit patel, pm modi

RBI focused on bringing inflation down to 4%, says governor Raghuram Rajan

Rajan also warned that "room to cut policy rates can emerge only if inflation is projected to fall further." Aug 30, 2016
railways indian department rail network tracks lines expansion project acquisition land suresh prabhu railway board modi pm narendra damodardas

Indian Railways hits upon new idea to tackle land encroachment

The idea was suggested to the Indian Railways by Prime Minister Narendra Modi at a meeting. Aug 30, 2016
Ratan Tata Nandan Nilekani

Ratan Tata, Nandan Nilekani, Vijay Kelkar team up for micro-finance firm

Avanti Finance will apply for registration to the RBI in a few days and will begin operations before the present fiscal ends. Aug 30, 2016
China Flag

Tourism secretary visits China in bid to attract investments

The Ministry of Tourism will organise a three day tourism summit from Sept. 21 to 23. Aug 29, 2016
In flight services

With govt on board, airlines may soon start offering in-flight Wi-Fi

The civil aviation secretary said last week that passengers could soon be allowed to use internet on domestic flights. Aug 28, 2016
Restaurant

Food bills at Delhi restaurants come in for scrutiny; Delhi High Court issues notice to AAP govt

The Delhi HC has sought response from the AAP government on a petition alleging that restaurants overcharge customers with VAT. Aug 27, 2016
pay commission bonanza karnataka govt employees cm siddaramaiah jubilee association lakhs of benefit hike salary

7th Pay Commission: Salary hike likely for Karnataka govt employees; CM hints at setting up new panel

Karnataka CM Siddaramaiah says state government would consider setting up pay commission to explore salary hike for employees. Aug 26, 2016
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