Economy News

Indian Railways' operating ratio worsens; it invests Rs 111 to earn every Rs 100

A higher expense ratio indicates the inability of the national carrier to generate a surplus in terms of revenue that could be further used for capital investments such as laying new tracks and deploying more coaches.

Aug 20, 2018

Asset-backed cryptocurrency investment: The inside story

"You have to think of the Blockchain as a new utility. As in, it is a new utility network for moving value and for moving assets" - William Mougayar, author.

Aug 20, 2018

Greek central bank chief warns over backtracking, turbulence post-bailout

Athens is set to exit its latest bailout on August 20 and rely on bond markets thereafter to refinance its debt after a nearly nine-year debt crisis that shrank its economy by a quarter and forced it to implement painful austerity.

Aug 19, 2018

Public sector banks eyeing to clear bad debts; loan recovery put on fast track

PSBs have managed to recover more than Rs 36,500 crore of bad debts and assets during the first quarter of the ongoing fiscal year.

Aug 18, 2018

Record income tax collection in 2017-18, CBDT collects Rs 10.03 lakh crore

I-T department now has a new target of adding 1.25 crore new IT filers for the current fiscal year.

Aug 18, 2018

Indian Railways to propose Rs 44,000-crore third dedicated freight corridor

The project will also be known as East Coast Corridor and is part of the Golden Quadrilateral project.

Aug 18, 2018

India's economic growth highest under UPA regime; hit double digits during 2006-07

The numbers were steady at 9.57 per cent when the base year was at 2004-05 however, it increased slightly when the base year was shifted to 2011-12.

Aug 18, 2018

Arrest warrant issued for former Pakistan President Asif Ali Zardari in money laundering case

The banking court directed the authorities to present Zardari and other suspects before it by September 4.

Aug 17, 2018

Rupee recovers marginally after falling to record low

The rupee recovered to 70.23 after it plunged to 70.32-33 -- the lowest ever mark -- against the greenback on the back of an apparent intervention by the Reserve Bank of India (RBI).

Aug 16, 2018

From LPG to GST: 5 major economic decisions taken by India since independence

India is now the third largest economyafter the United States and China in GDP terms.

Aug 15, 2018

Rupee's record plunge boon for Indian expatriates; remittances rise

The remittances to India in the past few months have been on the higher side due to the volatility in the Indian currency market.

Aug 14, 2018

What is Turkish economic crisis? Here's all you need to know

The Turkish economic crisis has sent a ripple across the world market

Aug 14, 2018

India's wholesale inflation eases to 5.09% amid lower food prices

On a sequential basis, the expenses on primary articles, which constitute 22.62 percent of the Wholesale Price Index's total weightage inched up by 1.73 percent, from an increase of 5.30 percent in June 2018.

Aug 14, 2018

Rupee crosses 70 against US dollar

The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar.

Aug 14, 2018

Renewable energy firms become a new headache for already bleeding banks

The combined exposure of these 26 companies stands at a whopping Rs. 148.35 billion with a reason of default being termination of a contract, delay in Right of Way, stretched receivable cycle and the financial stress in the company

Aug 13, 2018