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Economy News

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
Bajirao Mastani Airlift Viacom18

Viacom18 to launch Hindi film channel soon

Viacom18 is a joint venture between US-based Viacom Inc and the Network 18 Group controlled by Mukesh Ambani Feb 24, 2016
Monsoon Rainfall

India may see normal monsoon this year

The El Nino phenomenon is projected to "turn neutral" during the monsoon season this year, a scientist told the Economic Times. Feb 24, 2016
ONGC

ONGC $500 million San Cristobal investment deal imminent: PDVSA

The deal is expected to ensure state-owned ONGC gradually receives around $530 million of unpaid dividends. Feb 24, 2016
Indian Railways Rail PSUs

Rail Budget 2016: Will Suresh Prabhu announce listing of railway PSUs?

There are six unlisted companies managed by Indian Railways, most of them profit-making. Feb 23, 2016
Indian Railways

Rail stocks plummet ahead of Railway Budget

The losses ranged from 2 percent to almost 8 percent Tuesday on the BSE. Feb 23, 2016
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