Economy News

India's current account deficit shrinks in March quarter as imports fall

In the March quarter, CAD was $300 million as against $700 million at the end of same quarter previous year.

Jun 16, 2016

List of countries where Indians can travel without visa, get visa-on-arrival

India's air traffic set to increase by 14%, to push industry growth

The growth is particularly driven by a positive outlook for crude prices, a report by ICICI Securities noted.

Jun 16, 2016

PPF interest rate could fall below 8%: Report

The PPF rate is generally 25 basis points higher than the 10-year benchmark bond yield, currently at around 7.75 percent.

Jun 16, 2016

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Modi govt wants to double taxpayer base to 10 crore: Report

PM Narendra Modi was speaking at "Rajasv Gyan Sangam," the annual tax officials' meet in New Delhi on June 16, 2016.

Jun 16, 2016

Fed keeps interest rates unchanged, signals fewer future hikes

The U.S. Federal Reserve signaled it still planned to raise rates twice in 2016.

Jun 16, 2016

RBI governor faces ghosts of rupee's past

Analysts warn the rupee continues to look vulnerable ahead of September, when dollar term deposits that India raised from citizens abroad in 2013 start to mature.

Jun 16, 2016

Cabinet OKs merger of 5 associate banks with SBI

The proposed merger is not expected to create any asset quality problem for parent bank State Bank of India.

Jun 15, 2016

Oil prices fall as Canada oil sands fields gradually return

U.S. oil falls to three-week low on inventory gains, Brexit fears

The impending vote on the so-called Brexit is dominating everything from currency markets to German Bunds.

Jun 15, 2016

Political consensus on GST rate remains elusive

While a government panel has suggested 17 to 18 percent GST rate, states have decried it as a revenue-losing proposition.

Jun 14, 2016

Inflation poised to rise further, pinning hopes on monsoon misplaced: Analysts

Retail inflation at record high in May and dragging factory output in April do not augur well for the economy and market sentiments, analysts noted.

Jun 14, 2016

asian-shares-rise-as-fed-minutes-soothe-sentiment

Asian shares slip as Fed, Brexit loom

Voters appear divided ahead of the June 23 referendum, with the "Out" campaign widening its lead over the "In" camp, according to two opinion polls published by ICM.

Jun 14, 2016

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India's May retail inflation hits near 2-year high on surging food prices

Retail inflation for the month of May stood at 5.76 percent mainly on account of double-digit increases in food prices.

Jun 13, 2016

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7th Pay Commission: Govt employees may get 30% more than recommended by panel

The panel formed to oversee implementations of the 7th CPC proposals is expected to meet on Monday or Tuesday.

Jun 13, 2016

Oil prices fall back below $50 as economic concerns rise

ANZ bank said that oil was being pulled down by a sharp reduction in risk appetite and a "U.S.-dollar and treasuries rally".

Jun 13, 2016

British PM says NHS, pensions could face cuts post Brexit

Cameron warned that annual pension increases, free television licences and bus passes could all be cut to make up for a "black hole" in the public finances.

Jun 12, 2016