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Economy News

IAF base

IAF requires Rs 6,800 crore to ramp up safety measures at air bases

The audit recommended that smart surveillance systems, advanced intrusion detection system and drones be set up to aid the safety measures. Feb 4, 2016
PM with ex-servicemen

OROP implementation to cost govt Rs 7,500 crore per year

The arrears for the period from July 2014 to December 2015 would cost about Rs 10,900 crore. Feb 3, 2016
IIT Bombay

IIT panel recommends three-fold fee hike in student fees

We cannot keep subsisting at sub-critical levels and also face all-round criticism for not making a mark globally, an IIT director told the ET. Feb 2, 2016
Repo rate graph

Indian economy 'lost momentum' in third quarter, says Reserve Bank of India

The central bank retained its FY2016 GDP growth estimate of 7.4 per cent. Feb 2, 2016

RBI keeps policy rate on hold at 6.75 percent

The central bank cut the repo rate INREPO=ECI by 125 basis points in 2015. Feb 2, 2016
Monsoon and Agriculture (When will Indian agriculture sector gets an industrial status?- a representational picture)

Food imports rise as Modi struggles to revive rural India

Droughts, lack of agricultural investment and increasing demands from people are undermining the country's bid to be self-sufficient. Feb 2, 2016
Maruti Suzuki Swift

January car sales: Maruti Suzuki, Hyundai, Tata Motors report decline; Renault, Mahindra volumes up

Commercial vehicle sales of Ashok Leyland and Tata Motors are up, while two wheeler brand Royal Enfield has reported robust sales. Feb 1, 2016
Iran frozen assets

Iran says frozen assets worth $100 billion 'fully released'

The money is primarily from the sale of Iranian oil and is lying with banks in China, India, Japan, South Korea and Turkey. Feb 1, 2016
RBI

RBI likely to keep policy rates unchanged, say analysts

Analysts argue that a rise in retail inflation and the pay commission's proposals would limit the RBI's options to lower rates. Feb 1, 2016
India GDP

India's manufacturing activity hit a four-month high in January

The Nikkei Manufacturing PMI was 51.1 in January, after plunging to a 28-month low of 49.1 in the previous month. Feb 1, 2016

January car sales: Maruti Suzuki, Hyundai, Tata Motors report decline; Renault, Mahindra volumes up

Commercial vehicle sales of Ashok Leyland and Tata Motors are up, while two wheeler brand Royal Enfield has reported robust sales. Feb 1, 2016
Infra construction

India requires $1 trillion for infrastructure development: Nitin Gadkari

The transport minister feels upgrading infrastructure would add 2 percent to India's GDP. Feb 1, 2016
HSBC

HSBC to freeze salaries, hiring in 2016 to cut costs

HSBC is in the midst of a cost-cutting drive to boost profitability. Feb 1, 2016
Tirumala Tirupati Devasthanams(TTD)

Tirumala Tirupati Devasthanams approves budget of Rs 2,678 crore for FY16-17

The trust estimated a cost of Rs 500 crore just for paying salary to their 9,000 staff members. Jan 31, 2016
Road construction

50 lakh jobs in roads sector in 3 years, says Nitin Gadkari

The transport minister said the jobs creation would also give a boost to the steel and cement industry and will contribute 2% to the GDP. Jan 31, 2016
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