Economy News

RBI likely to cut key lending rate by 50bps this year: UBS

The status quo on the fiscal consolidation path has created room for RBI to cut interest rates in the coming months.

Mar 1, 2016

February auto sales: Royal Enfield volumes up 63% in February, exports double

Eicher Motors sold 49,156 units of Royal Enfield in February 2016, as against 30,240 units in February 2015.

Mar 1, 2016

February car sales: Maruti Suzuki registers 1% decline, exports plunge 12%

India's largest car maker sold 117,451 cars in February 2016, as against 118,551 units in the same month last year.

Mar 1, 2016

Indian Oil Corporation Petrol Diesel price decreased

Petrol, LPG cylinder cheaper; diesel, ATF to cost more from Feb. 29 midnight

The revised prices come on a day when the government presented its budget for FY2017.

Feb 29, 2016

Budget 2016: Increased excise duty on jet fuel may lead to hike in airfares

The hike in excise duty on jet fuel has drawn criticism from industry experts and airlines.

Feb 29, 2016

Budget 2016: FM Arun Jaitley almost halves disinvestment target to Rs 36,000 crore for FY2017

The target was Rs 69,500 crore for FY2016, of which the government could garner about Rs 18,300 crore till Feb.29.

Feb 29, 2016

Budget 2016: Fiscal deficit target unchanged at 3.5% for FY17

Most analysts had expected the finance minister to revise the fiscal deficit target to the upside amid a slowing economic growth.

Feb 29, 2016

Budget 2016: FM Arun Jaitley removes dividend distribution tax on REITs, paves way for listing

The dividend distribution tax, or DDT, on REITs was seen as a hurdle by real estate companies and investors.

Feb 29, 2016

Budget 2016: Govt to amend RBI Act to form monetary policy committee

However, the government did not disclose the details on the membership of the committee.

Feb 29, 2016

Bank stocks down on lower-than-expected allocation of Rs 25,000 crore for recapitalisation

The projection was in the region of Rs 70,000 crore, given the high level of bad loans in state-owned banks, eroding their ability to lend.

Feb 29, 2016

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

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 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

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

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

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Economy News

RBI likely to cut key lending rate by 50bps this year: UBS

February auto sales: Royal Enfield volumes up 63% in February, exports double

February car sales: Maruti Suzuki registers 1% decline, exports plunge 12%

Petrol, LPG cylinder cheaper; diesel, ATF to cost more from Feb. 29 midnight

Budget 2016: Increased excise duty on jet fuel may lead to hike in airfares

Budget 2016: FM Arun Jaitley almost halves disinvestment target to Rs 36,000 crore for FY2017

Budget 2016: Fiscal deficit target unchanged at 3.5% for FY17

Budget 2016: FM Arun Jaitley removes dividend distribution tax on REITs, paves way for listing

Budget 2016: Govt to amend RBI Act to form monetary policy committee

Bank stocks down on lower-than-expected allocation of Rs 25,000 crore for recapitalisation

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

Disney resets theme park ticket prices for slow, busy times

Make in India boosted FDI in India: Economic Survey

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

India's foreign exchange reserves drop $1.46 billion

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