Economy News

Arun Jaitley says government broke nexus between banks and big defaulters

Public sector banks loan book swelled up from Rs 18.16 lakh crore in 2008 to Rs 52.15 lakh crore in 2014, Jaitley says.

Nov 29, 2017

GES 2017 Highlights: If women start business, world will change; Modi, Ivanka invoke power of women - 10 takeaways

Just consider, if India closes the labour force gender gap by half, your economy could grow by over $150 billion in the next three years, Ivanka Trump said.

Nov 28, 2017

Onion prices shoots up to Rs 80/kg in national capital

Onion prices at the Asia's largest vegetable market, was more than Rs 50-60 per kg, however, on Tuesday, the same onion is shot up at Rs 80.

Nov 28, 2017

India and Canada keen to seal long-pending free trade agreement to boost bilateral trade

Trade ministers from both the countries had a meeting in New Delhi last week. They are now looking for another round of discussion at the advanced level before Trudeau's visit to India.

Nov 28, 2017

GST revenue collection slips, hits lowest in October at Rs 83,346 crore

The significant drop in GST revenue compared to previous months can pose serious financial implications in the future.

Nov 28, 2017

Elected politicians can take countries down wrong path; need broad-based economic growth: Raghuram Rajan

The former central bank governor, who often speaks on topics of social and political distress, said nationalism is not patriotic because it is divisive and can even be quite dangerous.

Nov 27, 2017

Govt seeks to tweak taxation policy for start-ups

The Indian government is seeking to review tax for start-ups in an attempt to make the tax regime more attractive and easy for entrepreneurs.

Nov 27, 2017

Substantial increase in job opportunities; concerns over employment exaggerated: Rajiv Kumar

Kumar stated that the new initiatives in the next 18 months should focus on health and education sectors as these sectors are going to be critical for human resource development.

Nov 26, 2017

100-150 cases likely to reopen on new insolvency ordinance : Report

The biggest impact will be on the firms that are ready with the resolution plan and are just waiting for a nod from the National Company Law Tribunal.

Nov 25, 2017

No cheque book ban to promote digital transactions: FinMin rubbishes reports

Several reports had suggested that Modi government may soon ban cheque book facility to boost digital transactions.

Nov 24, 2017

S&P keeps rating unchanged for India, keeps outlook stable

Last week, US-based rating agency Moody's Investors Service, upgraded India's sovereign bond ratings for the first time in over 14 years.

Nov 24, 2017

Prices of life-saving medicines for rare diseases skyrocket under GST

These drugs are now burdened with the 12 percent additional levy, which was nil before GST rolled out in July.

Nov 24, 2017

Indian Railways seeks to electrify 8,000 km every year from next fiscal, invites tenders

If it electrifies its entire route, the railways will save about Rs 10,500 crore in fuel bills every year.

Nov 24, 2017

New price tags showing GST cut on existing stocks is compulsory: Govt to FMCGs

Stickers must be fixed, till products with revised MRPs reach stores.

Nov 24, 2017

India pares back planned funding for crucial public health scheme

Officials familiar with the plan said the finance ministry reduced planned funding because of other spending priorities and because of state governments' poor track record of spending the health budgets they've been allotted in the past.

Nov 23, 2017