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Economy News

India's June services PMI logs 2nd slowest growth in a year

The slowing reading indicates concerns regarding the sustainability of the economic upturn, according to Nikkei India Services Business Activity Index. Jul 5, 2016
Indian highway

Govt gives approval for 56 highways in Himachal Pradesh

The total cost of constructing the highways will be about Rs. 13,000 crore. Jul 5, 2016
7th cpc, pay commission, nps, pension, nfir, letter to modi, railway employees

7th Pay Commission: Rail workers could be sacked, imprisoned if they join July 11 strike, says Railway Board

The Railway Board has said employees would face imprisonment, fines and even dismissal if they go on strike on July 11. Jul 5, 2016
List of countries where Indians can travel without visa, get visa-on-arrival

Airlines globally planning investment in cyber security: Survey

Currently, about 91% airlines globally are making advance preparations to manage cyber risks against 47% of the airlines doing so three years back. Jul 4, 2016
cattle herd

Soon Aadhaar-like cards for cows; Haryana launches 24*7 cow helpline

The government is mulling over plans to tag about 85 million cows, while Harayana government launches a 24 hour cow helpline. Jul 4, 2016

Oil extends gains, Saudi minister sees market balance

The energy minister of Saudi Arabia agreed that the global oil market is heading toward a balance and that prices are starting to settle Jul 4, 2016
Textile industry

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
Reliance Oil

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
Rupee

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
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