Economy News

Raghuram Rajan bids farewell to RBI, says new governor will carry forward the work on inflation

In his last speech at the RBI, Rajan urged the government to elevate the ranking of the governor and also defended the need to ensure independence of the apex bank.

Sep 4, 2016

Rising oil import costs may become Asia's growing pain

Asia's net oil imports are set to rise after producers slashed spending on exploration and production on low oil prices, leaving oilfields at risk of sharp production declines in the next decade.

Sep 4, 2016

$5 billion fund for railway infrastructure projects coming soon

The proposed Railways of India Development Fund (RIDF) will soon be placed before the Cabinet for its approval.

Sep 4, 2016

ED attaches Vijay Mallya's assets worth Rs. 6,630 crore in bank fraud case

So far, the total attachment made by the agency in the case has now gone up to over Rs. 8,000 crore.

Sep 3, 2016

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Ranking of India's bank governor should be raised: Raghuram Rajan

Rajan said the ranking of the RBI governor, currently at cabinet secretary level, needed to be commensurate with the role.

Sep 3, 2016

India offers $500 million worth credit line to Vietnam for defence cooperation

India and Vietnam earlier signed 12 agreements.

Sep 3, 2016

Bharat Bandh 2016: What will remain open despite nationwide strike on Sept. 2?

Bharat Bandh impact: Assocham pegs losses at Rs. 18,000 crore

Industrial production and businesses were affected in the states of Karnataka, Uttar Pradesh and Haryana.

Sep 3, 2016

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Bharat bandh: Sept. 2 strike likely to cause loss of more than Rs. 25,000 crore

A similar strike last year on Sept. 2 paralysed normal life in many parts of India besides causing a loss running into thousands of crores, as estimated by Assocham.

Sep 1, 2016

gdp india manufacturing economy growth june q1 sector decline asia economy

India's manufacturing PMI hits 13-month high in August

The country's manufacturing PMI rose to 13-month high in August to 52.6 on the back of domestic and export orders, according to IHS Markit Nikkei India PMI.

Sep 1, 2016

Jet fuel prices fall 3.8% in September, aviation stocks rise

The new aviation turbine fuel prices will be effective from September 1.

Sep 1, 2016

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

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

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Economy News

Raghuram Rajan bids farewell to RBI, says new governor will carry forward the work on inflation

Rising oil import costs may become Asia's growing pain

$5 billion fund for railway infrastructure projects coming soon

ED attaches Vijay Mallya's assets worth Rs. 6,630 crore in bank fraud case

Ranking of India's bank governor should be raised: Raghuram Rajan

India offers $500 million worth credit line to Vietnam for defence cooperation

Bharat Bandh impact: Assocham pegs losses at Rs. 18,000 crore

Bharat bandh: Sept. 2 strike likely to cause loss of more than Rs. 25,000 crore

India's manufacturing PMI hits 13-month high in August

Jet fuel prices fall 3.8% in September, aviation stocks rise

PM Modi approves advancing Union Budget presentation

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

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

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

Cabinet grants Permanent Residency Status to foreign investors

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

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

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