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Economy News

7th Pay Commission report submitted: 23.5% overall hike; OROP for govt staff, armed forces

The 7th Pay Commission report will be implemented from 1 January 2016. Nov 19, 2015

Modi govt's gold deposit scheme not shining, attracts just 400 grams

Insufficient number of gold-testing centres preventing scheme from taking off, says industry official. Nov 19, 2015

Indian agrochem sector business to touch $7.5 billion by 2018-19

Farmers using agrochemicals are not adequately informed about use and impact. Nov 19, 2015

PM Modi, Google CEO Sundar Pichai among contenders for 'Time Person of the Year 2015'

Modi has already secured 1.3% of the votes in the current poll. Nov 19, 2015

Businesses cannot reject new 100-yuan note, warns Chinese central bank

Many businesses refused it because money-scanning machines cannot identify the latest counterfeit features. Nov 19, 2015

China to buy two dozen Sukhoi-35 fighter jets from Russia in $2 billion deal

Rostec confirmed a deal between the two countries had been signed involving Su-35 fighter jets. Nov 19, 2015

Cabinet approves sale of 10% stake in Coal India, seeks $3 billion

India has raised just about $2 billion or less than 20% of its disinvestment target, so far this year. Nov 19, 2015

Great Britain: All coal-fired power stations to shut down by 2025

Climate Change Secretary Amber Rudd said new gas-fired power stations will be a priority. Nov 19, 2015

Central government approves Rs 3,231-cr housing project for urban poor

Under the components, Central assistance of Rs 1.50 lakh per house will be provided. Nov 19, 2015

Toyota aims upmarket in India, where no-frills cars rule

Toyota sold 141,347 vehicles in the year to end-March - a fraction of the 1.2 million sold by Maruti. Nov 19, 2015

Seventh Pay Commission to submit recommendations today: What to expect

The Commission is also expected to propose an increase in house rent allowance (HRA). Nov 19, 2015
Modi

Govt clears FDI proposals worth Rs 1,810 cr, to revive road projects worth Rs 35,000 cr

The government also approved 3% interest subsidy for exports, which have declined for 11 months. Nov 18, 2015

US puts companies selling unproven products like Jack3d in the dock

Six USPlabs executives and S.K. Laboratories, which manufactured the supplements, face criminal charges. Nov 18, 2015

Delayed payments hit small, medium Indian manufacturers hard

They said clients often take 150 days to pay as against the standard 30 days' time. Nov 18, 2015

Monsanto seeks to gobble up rival agrochemical companies

Monsanto is studying possibilities for consolidation in both the seed and agrochemical sectors. Nov 18, 2015
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