Economy News

Medical services for foreigners will now be cheaper in Karnataka

A policy on medical tourism and wellness will be launched within a month to focus on the particular travel segment so that tourists are not cheated on such trips.

Oct 18, 2017

Number of Indians seeking work in the US falls 38 percent

Data from a job site shows a sharp drop in the number of Indians seeking to move to the US and the UK over the past year, compared to the corresponding year-ago period. Read to know more.

Oct 18, 2017

India plans to shell out Rs 20 billion to perk up weather prediction

Collection data stations and mathematical models will also go through upgradation-cum-modernisation.

Oct 18, 2017

Festive season boosts temporary recruitment amid lacklustre economic growth

While the salaries for temporary profiles are unchanged, the demand has however shot up.

Oct 17, 2017

India's Infrastructure Fund to receive $1 bn from Abu Dhabi Investment Authority

This agreement will make ADIA get the tag of becoming the first institutional investor and a shareholder in the NIIF's Master Fund.

Oct 17, 2017

Govt gears up to implement Rs 1.2 lakh crore universal social security plan for poorest

The government is keen on rolling out this mandatory scheme by next year, ahead of the 2019 general elections. Read on to know more.

Oct 17, 2017

GST on AC and non-AC restaurants likely to be at same rate soon

The final decision is yet to be taken by the five-member GST council at the November 9 meeting.

Oct 16, 2017

Wholesale inflation cools to 2.6% in September from four-month high in August

And inflation in vegetable prices cooled to 15.48 percent in September as against a high of 44.91 percent last month.

Oct 16, 2017

Foreign firms lining up 5.5 lakh crore investment; 7 lakh jobs on the anvil

The country has recorded highest inflow of foreign direct investment (FDI) in tune of Rs 2.7 lakh crore ($43 billion) in financial year 2017, an increment of 9 percent from the previous year.

Oct 16, 2017

US Federal Reserve's new move could affect emerging economies: Jaitley

Jaitley said the highest priority for the government is to create new jobs as millions of young people enter the workforce every year.

Oct 15, 2017

India carried out structural reforms at right time, keeping long-term benefits in mind: Arun Jaitley

Targeting his critics — primarily Congress, Arun Jaitley said that BJP simply did what Congress couldn't do while in power.

Oct 15, 2017

After World Bank, IMF chief hails PM Modi's economic reforms; calls his efforts 'monumental'

The IMF and the World Bank chief have praised PM Modi's economic policies despite downgrading India's growth projections. Read on to know what the IMF chief said.

Oct 15, 2017

World Bank chief hails PM Modi's economic reforms; calls them 'significant'

While many experts have been blaming Narendra Modi for India's economic slowdown, World Bank chief Jim Yong Kim has a completely different view. Read on to know what Kim said about Modi.

Oct 13, 2017

PM Modi's economic council identifies 10 areas to spur growth, favours fiscal consolidation exercise

The advisory council opined that maintaining a fiscal consolidation roadmap is important, and warned the government against going for a stimulus at the cost of fiscal prudence.

Oct 12, 2017

Economic downturn: Sales plunge 36% ahead of Diwali, traders blame demonetisation, GST

"The Current Situation Index (CSI) slipped further into the pessimistic zone, reflecting deterioration in sentiments on the employment scenario, the price level and income.": RBI

Oct 11, 2017