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Economy News

China expects to lay off 1.8 million workers in coal, steel sectors

No time frame was given for the 1.8 million figure cited. Feb 29, 2016
Disneyland increases ticket prices

Disney resets theme park ticket prices for slow, busy times

The shift to demand-based pricing is designed to help spread out crowds at Walt Disney World in Florida and at Disneyland Resort in California. Feb 28, 2016
Make in India

Make in India boosted FDI in India: Economic Survey

The government has given 56 defence manufacturing approvals to private companies in the past one year under the Make in India initiative Feb 27, 2016
Gold prices ETF

Economic Survey 2015-16: Rich Indians get Rs 1,03,249 crore annually in 'implicit subsidy'

Well-off Indians benefit from tax treatment of PPF contributions, besides "implicit" subsidies on a range of goods, says the survey. Feb 27, 2016
The Reserve Bank of India logo is pictured outside its head office in Mumbai

India's foreign exchange reserves drop $1.46 billion

The reserves stood at $350.36 billion in the week ended Feb. 19, according to the country's central bank, the RBI. Feb 27, 2016
Union Cabinet withdraws charges on card transactions: Ficci supports

Ficci backs Cabinet's decision to remove surcharge on digital payments

The government cracks down on black money by withdrawing any charges for using cards for transactions against cash. Feb 26, 2016
Indian parliament

Economic Survey: Is 7 to 7.75% growth rate for FY2016 or FY2017?

The wording of the survey has left many publications puzzled. Feb 26, 2016
India Budget Fiscal Deficit GDP

Economic Survey 2015-16: FY2017 GDP growth rate to range between 7 and 7.75%

The Survey also said fiscal deficit target of 3.9 percent for 2015-16 "seems achievable". Feb 26, 2016
Telecom tower

Digital India business to reach $1 trillion: Telecom Minister

The Modi government is reportedly building an infrastructure for delivery of digital services such as e-education and e-health. Feb 26, 2016
Indian Railways

Rail Budget 2016: Suresh Prabhu announces 7 missions to transform railways

The seven missions would each be headed by a mission directors which would transform the Indian Railways. Feb 25, 2016
Rail Budget 2016 Suresh Prabhu Freight Wagons

Rail Budget 2016: Industralists, business chambers hail Suresh Prabhu's balancing act

The broad consensus is that Railway minister Suresh Prabhu has done well, given the constraints. Feb 25, 2016
Indian Railways Rail Budget Suresh Prabhu

Rail Budget 2016: Fare hike is still possible, says India Ratings

The railways has projected a shortfall of Rs 15,000 crore in revenues on account of "global slowdown." Feb 25, 2016
foreign tourists india FTAs Incredible India

Rail Budget 2016: Soon, foreign tourists, NRIs can buy railway tickets using debit, credit cards

The decision will be implemented in the next three months, as announced in the Railway Budget 2016-2017 on Thursday. Feb 25, 2016
Electronic Cash payment

Service fee, surcharge on debit and credit card payments scrapped

The cabinet approved making electronic payments compulsory for amounts beyond a prescribed threshold. Feb 25, 2016
Aviation Air India IndiGo Jet

SpiceJet, Jet, GoAir, IndiGo could sue Centre if 5/20 rule is abolished: Report

They contend that the proposed removal of the 5/20 rule is aimed at benefiting "two new airlines." Feb 24, 2016
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