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Economy News

India Gate- Delhi Landmarks

AAP Govt presents Rs 46,600 crore Delhi Budget for 2016-17; highlights

Of the total budget expenditure for the current year, the AAP government aims to earn Rs 36,500 crore through collection of taxes. Mar 29, 2016
Coal thermal power power electricity piyush goyal

India to double coal output by 2020, even without private participation

India's power and coal minister Piyush Goyal says state-owned companies would ramp up production in the absence of private participation. Mar 28, 2016
Indian economy

Govt unveils National Business Register to strengthen industry database

The Business Register would offer details on every business entity, its activity, type of ownership, number of workers and PAN/TAN. Mar 28, 2016
IT outsourcing deals renewal

Top Indian IT firms eye $100 billion IT outsourcing contracts

TCS, Infosys and other Indian IT firms are gearing up for outsourcing contracts worth $100 billion, up for renewal next fiscal, says ET. Mar 28, 2016
A vendor arranges vegetables

Prices of essential food items on the rise, with little respite in sight: Report

Food inflation dropped to 5.3 percent in February, keeping it within the RBI's target of 6 percent, reports the Economic Times. Mar 28, 2016
Telecom tower

Spectrum auction likely from mid-July

The spectrum auctioning is expected to generate revenues worth Rs 5.36 lakh crore for the government. Mar 27, 2016
PNB

Delhi govt may rationalise VAT to reduce burden on common man

The Aam Admi Party had promised to streamline tax system to make Delhi with one of the lowest VAT regimes in the country. Mar 27, 2016
Pakistan, Iran aim to boost trade to $5 billion

Pakistan, Iran aim to boost trade to $5 billion

The two leaders held talks about increasing Pakistan's electricity imports, reviving gas pipeline between Iran and Pakistan. Mar 27, 2016
Aviation Air India IndiGo Jet

Domestic air traffic rises 24% in February, IndiGo market share at 36.8%

Indian domestic air carriers flew 74.76 lakh passengers in February 2016, up from 60.16 lakh in February 2015. Mar 26, 2016
Indira Gandhi International Airport

Delhi airport may see infrastructure expansion, 4th runway by 2020

The company is looking at ways to increase its passenger handling capacity from 18 million passengers to 30 million passengers. Mar 25, 2016
Infrastructure

India to rank states over ease of doing business

The move is intended at promoting competition among states under 340 parameters to improve ease of doing business. Mar 24, 2016
Abu Dhabi Crown Prince in India

Govt approves India-UAE MoU for $75B infra investment vehicle

The fund would support India's plans for the expansion of next generation infrastructure projects. Mar 24, 2016
Bombay Stock Exchange building

US investors pour in Indian equities, trim exposure to China

US investments in Indian equities stood at 1.8 percent of their foreign equity holdings by December 2015, as against 1.6 percent of China. Mar 24, 2016
Indian highway

Govt okays highway projects worth Rs 6,284 crore for Karnataka, Himachal Pradesh

In addition, four road over-bridges projects totaling approximately Rs 683 crore were also approved. Mar 24, 2016
gold bars

Tirupati temple wants gold, not cash on maturity

The world's richest Hindu temple wants the longer-duration deposits under the Gold Monetisation Scheme to be redeemed in the yellow metal instead of cash. Mar 24, 2016
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