Economy News

Fugitive Economic Offenders Bill 2018: All you need to know

Union Cabinet has approved the Fugitive Economic Offenders Bill 2018 to empower the government to confiscate the properties of financial offenders, defaulters.

Mar 2, 2018

LPG prices slashed: This is how much you will have to pay for subsidized and non-subsidized cylinders

In metro cities, the subsidized LPG will be cheaper by Rs 2.50, while the non-subsidized LPG cylinders will cost about Rs 45 less.

Mar 2, 2018

Did your mobile wallet stop working? Here is how you can reactivate it by complying with RBI's KYC rules

RBI has made KYC details mandatory for Prepaid Payment Instruments (PPIs), including digital wallets, in order to eliminate money laundering and fraud.

Mar 1, 2018

SBI hikes 1-year MCLR rate to 8.15 percent: EMIs to get expensive

State Bank of India increases lending rates by 20 basis points and home loan and personal loan borrowers will be affected by the revised rates

Mar 1, 2018

India reclaims third spot in billionaires' list as China dominates

India, with 131 billionaires, climbed back into the third spot on the Hurun Global Rich List 2018 and replaced Germany.

Mar 1, 2018

Trump sharpens attack on China as trade war looms

China sends President Xi Jinping's top economic adviser Liu He to the US in view of the worsening tensions.

Mar 1, 2018

Strong GDP data stokes RBI rate-hike talk

The strong economic growth puts spotlight on the Reserve Bank of India ahead of interest rates review on April 5.

Mar 1, 2018

Economy and markets: All you need to know to start your day on March 1

SGX Nifty signals a weak start for the domestic markets after the benchmark Sensex declined 162 points or 0.47 percent to close at 34,184 on Wednesday.

Mar 1, 2018

PNB, UBI and SBI top the list of employees whose prosecution was permitted by CVC from 2015 to 2017

SBI also tops the list of people who were convicted, dismissed or penalized in cases of fraud that did not reach the Central Vigilance Commission (CVC).

Feb 28, 2018

India set to topple China as world's fastest-growing economy, GDP to grow at 6.9% in Q3 2016: Reuters poll

Backed by higher government spending and an enthusiasm in the manufacturing and service sectors, India could regain the position of world's fastest-growing major economy, a Reuters poll has predicted.

Feb 28, 2018

Harley-Davidson: All you need to know about the India-U.S. tariff issue

U.S. President Donald Trump has slammed India for a high import tariff on Harley-Davidson motorcycle, calling it "unfair".

Feb 28, 2018

EPFO rule change: Now claims for Provident Fund withdrawals above Rs 10 lakh must be made online

Employees Provident Fund Organisation makes online claims compulsory for provident fund withdrawals above Rs 10 lakh and withdrawals of Rs 5 lakh under NPS.

Feb 28, 2018

Economy and markets: All you need to know to start your day on Feb. 28

SGX Nift signals a weak start for the domestic markets after the benchmark Sensex declined 99 points or 0.29 percent to close at 34,346 on Tuesday.

Feb 28, 2018

Denying health insurance for genetic disorders violates rights of policyholder, says Delhi HC

The Delhi High Court has said insurance companies cannot discriminate against people with genetic diseases, and wants a relook into insurers' exclusionary clauses.

Feb 27, 2018

Average pay hike in India in 2018 will remain between 9.4%-9.6%: Aon

Aon India Consulting's Salary Increase Survey shows that employees in India are likely to get an average pay increase of 9.4 percent in 2018.

Feb 27, 2018