Economy News

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Petrol price hits highest level since 2013, diesel touches fresh high

Petrol and diesel prices were increased by 10 paise per liter across New Delhi, Mumbai, Kolkata, and Chennai on Monday (April 23). The skyrocketing fuel prices have now renewed the call for excise duty cut.

Apr 23, 2018

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Inter-state vehicle transfer to get cheaper: Govt to introduce uniform tax rates

A group of ministers (GoM) has been constituted by the ministry of road transport and highways to look after the road transport sector in India and to initiate reforms to make the inter-state transfer of vehicle cheaper for the common man.

Apr 21, 2018

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TCS set to become 1st Indian company with $100 billion market cap

By scaling $100 billion, TCS is set to join the league of the 100 most valuable companies in the world. TCS will be the 2nd Indian company to achieve the milestone after Reliance Industries. Mukesh Ambani-led Reliance Industries had crossed the mark in October 2007.

Apr 21, 2018

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KYC norms: RBI makes Aadhaar-bank accounts linking mandatory

The RBI's new direction comes at a time when the Supreme Court is in the final stage of hearing petitions challenging the validity of Aadhaar.

Apr 21, 2018

Bank account, mobile number compulsory for National Pension Scheme subscribers

Pension fund regulator PFRDA has made bank account details and mobile number must for subscribers of the National Pension Scheme (NPS).

Apr 20, 2018

SBI offers PoS way for cash withdrawal to beat currency crunch

Debit card holders of SBI and all other banks can withdraw cash from SBI's PoS machines.

Apr 20, 2018

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Rupee falls to 13-month low of 66 after RBI minutes

The RBI has signaled that an interest rate increase may come as early as June as the policymakers are optimistic that Asia's third-largest economy will rebound this year.

Apr 20, 2018

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As India's economic growth outpaces China, will RBI play party-pooper?

The RBI has signaled that an interest rate increase may come as early as June as the policymakers are optimistic that Asia's third-largest economy will rebound this year.

Apr 20, 2018

Cash crunch: Five ways to go cashless during currency shortage

Here are five alternatives to manage your spending during the cash crunch.

Apr 20, 2018

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Why 19 crore adult Indians lack bank accounts, despite Jan Dhan Yojana

According to the latest Global Findex Database released by the World Bank, 11 percent of the world's unbanked adults are in India.

Apr 20, 2018

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Five investment schemes with low risk and high return

Sukanya Samriddhi Account, Post Office Time Deposit Account, National Savings Certificate, Sovereign Gold Bond Scheme, National Pension Scheme are some good bets for people who would not like to take risks.

Apr 19, 2018