Economy News

In a major boost for startups, centre eases tax and funding rules

In an announcement, the government broadened the definition for startups that are exempt from paying angel tax. Importantly, it raised the limit of funding that would be exempt from Rs 10 crore to Rs 25 crore.

Feb 20, 2019

Banks may resist RBI pressure to cut lending rate despite repo rate reduction

Bankers believe reducing the interest rate on advances without cutting rates on deposit will affect banks' ability to lend more unless SLR or CRR is eased.

Feb 19, 2019

Pulwama terror attack: Widespread anger could lead to a surge in support for PM Modi, BJP

As emotions run high following the deadliest attack on security forces in decades, PM Modi, who faces a general election by May, has said that he has given a free hand to security forces to avenge the killings.

Feb 19, 2019

Major boost to govt exchequer as RBI approves Rs 28,000 crore interim dividend

In total the centre has budgeted for ₹74,140 crore in dividends from RBI and state-owned banks in the fiscal year ending 31 March. For the next FY, it has planned ₹82,910 crore from the dividend.

Feb 19, 2019

Pulwama terror attack: Traders cautious as geopolitical pressures rise amid political rhetoric

Bombay Stock Exchange's headline index Sensex sank below the psychologically important 36,000 points. National Stock Exchange's broader Nifty also dipped below the crucial 10,800 level.

Feb 18, 2019

IL&FS fallout: This is why your life savings could be in danger

Since last year, IL&FS default has sent ripple effects in the economy, affecting NBFCs, real estate and many other sectors

Feb 14, 2019

As US sanctions comes into effect, Venezuela looks toward India for oil exports

The Venezuelan government is leaving no stone unturned to convince Indian refiners to double their oil purchase. In fact, its oil minister came Indian to broker a deal with refiners like including Reliance Industries Ltd and Nayara Energy Ltd.

Feb 14, 2019

Dovish RBI policy to help poll-bound Modi government: Key points

By loosening liquidity and softening the outlook, the reserve bank has administered the right medicine foe the government's election year pangs.

Feb 7, 2019

Populist Budget: Real Estate sector gets much needed relief

The interim budget presented by the acting Finance Minister, Piyush Goyal earlier this week was entirely from a populist eye on the middle class and farmers.

Feb 3, 2019

Tight liquidity condition, low demand hit auto sales

As per Maruti Suzuki India's monthly sales figures, a total of 128,338 units were sold last month, compared to 130,066 units' off-take recorded during the corresponding period of the last financial year.

Feb 2, 2019

Defence budget increased to over Rs 3 lakh crore in 2019-20: Piyush Goyal

Presenting the Budget for 2019-20 in the Lok Sabha, Goyal also said Rs 35,000 crore has been given under OROP in the last three years.

Feb 1, 2019

It will be interim budget on Friday; hopes dashed for direct tax concessions

According to the convention, the government refrains from announcing any direct tax proposals in the interim budget that might require an amendment to the Income Tax Act

Jan 31, 2019

High-level exits cast shadow over Modi govt's statistical credibility

Resignation of remaining independent members leaves National Statistical Commission in limbo with only official members remaining

Jan 30, 2019

Union Budget FY20: Modi's reform zeal may dull in election overhang

Modi's priority will be to bring back rural voters after the massive swing that state elections saw, resulting in electoral pain for BJP

Jan 29, 2019

Crude awakening: Chinese oil demand rebounds as independent refiners restock

Global benchmark Brent oil prices had fallen more than 30 percent to just above $50 a barrel by the end of 2018.

Jan 28, 2019