Economy News

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Assocham not in favour of changing financial year

Changing the financial year won't yield any benefit but result in "huge avoidable disruption", says Assocham.

Jul 10, 2016

Indian IT firms likely to be hit by proposed legislation on H-1B, L-1 visas

The proposed bill seeking curbs on firms hiring workers holding H-1B and V-1 visas would affect Indian IT industry.

Jul 9, 2016

7th Pay Commission: Panel proposed scrapping 10-year concept of salary, allowances hike

The 7th Central Pay Commission's proposal to scrap the 10-year concept was "ignored" by the Modi government.

Jul 9, 2016

Direct, indirect tax collection rise in June quarter

Direct taxes increased 25 percent while indirect tax collection jumped 31 percent for the quarter ended June 2016.

Jul 8, 2016

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UK's bilateral trade negotiations begin with India

Britain wants to extend similar trade talks with other big economies without losing time on the post-Brexit trade regime.

Jul 8, 2016

Black money declaration: Govt may extend deadline

The finance ministry has accepted the industry's request to accept tax in instalment scheme.

Jul 8, 2016

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China's foreign exchange reserves almost 10 times that of India

The People's Bank of China said that the country's foreign exchange reserves rose $13 billion in June to $3.21 trillion.

Jul 8, 2016

Global mobile app revenue and downloads are expected to grow significantly in the next 4 years

7.7 billion mobile apps to be downloaded by Indians by the end of 2016

India's app economy was not driven by the number of downloads or the revenue, but by the amount of time spent in-app by the users

Jul 7, 2016

Budget may be presented in December if govt switches to 'new financial year'

If the new financial year turns out to be calendar year, it would replace the budget presentation slot to December from February at present.

Jul 7, 2016

Minimum wage hike proposal currently put on hold

A labour ministry official said that any increase in wages would further raise the input cost for manufacturers and make them less competitive.

Jul 7, 2016

7th pay commission 7th cpc north block finance ministry delhi modi government employees strike july 11

7th Pay Commission: Central Govt employees postpone July 11 strike on hopes of higher salary hike

With the Modi government assuring the central government employees on a better deal with regard to the 7th Central Pay Commission, the July 11 strike stands deferred.

Jul 7, 2016

India's domestic air passenger growth 'fastest' at 18.8%

India's domestic air passenger growth at 18.8 percent was far ahead China and the United States, IATA said.

Jul 7, 2016

Asia stocks bounce, Aussie dollar hit by ratings blow

The Aussie initially fell half a U.S. cent to $0.7470 after Standard and Poor's cut the country's outlook to negative.

Jul 7, 2016

Oil edges up on U.S. inventories, but slowing Asia weighs

Traders said that a report of a reduction in available U.S. crude oil stockpiles had been the main overnight price driver.

Jul 7, 2016

Indian banks need $90 billion to meet Basel III rules, says ratings agency Fitch

More than half the capital needs will have to be met via core equity, Fitch said.

Jul 6, 2016

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Economy News

Assocham not in favour of changing financial year

Indian IT firms likely to be hit by proposed legislation on H-1B, L-1 visas

7th Pay Commission: Panel proposed scrapping 10-year concept of salary, allowances hike

Direct, indirect tax collection rise in June quarter

UK's bilateral trade negotiations begin with India

Black money declaration: Govt may extend deadline

China's foreign exchange reserves almost 10 times that of India

7.7 billion mobile apps to be downloaded by Indians by the end of 2016

Budget may be presented in December if govt switches to 'new financial year'

Minimum wage hike proposal currently put on hold

7th Pay Commission: Central Govt employees postpone July 11 strike on hopes of higher salary hike

India's domestic air passenger growth 'fastest' at 18.8%

Asia stocks bounce, Aussie dollar hit by ratings blow

Oil edges up on U.S. inventories, but slowing Asia weighs

Indian banks need $90 billion to meet Basel III rules, says ratings agency Fitch

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