Economy News

Iranian President inaugurates Chabahar port: Move bolsters Indian commerce and isolates Pakistan

For India, the Chabahar port is strategically important since the port will strengthen a trade route for land-locked Central Asian countries that would bypass rival Pakistan.

Dec 3, 2017

Q2 GDP: Manmohan Singh remains sceptical about economic turnaround, says 'too early to tell'

The September GDP figure did not take into account the small and medium sector, which suffered the most from demonetisation and hurried implementation of GST

Dec 3, 2017

Indians travelling abroad paid 22% extra for last-minute flight tickets: Report

According to KAYAK, flights to Bangkok, Dubai and Bali are the top three destinations for Indian travellers.

Dec 2, 2017

India's manufacturing activity accelerates in November on higher demand, new workers hired

The findings suggest that India is limping back to growth and might soon snatch back its title of the fastest growing major economy in the world in the coming quarters.

Dec 1, 2017

GST confusion over: Govt projects economy to grow at 6.75-7.5 percent this year

India's economy expanded 6.3 percent year-on-year in the third quarter of 2017, up from 5.7 percent the previous quarter which was the lowest in the last three years.

Dec 1, 2017

GDP rebounds to 6.3% for July-Sept quarter

India's Gross Domestic Product grew at 6.3 percent for the July-September quarter. This was an improvement over the previous quarter where GDP growth had slowed to a three-year low of 5.7 per cent.

Nov 30, 2017

India needs Rs 50 lakh crore investment; 10% growth 'very challenging,' says Arun Jaitley

The FM stated that growth hitting 10 percent is 'very challenging' and it would not depend on domestic factors alone.

Nov 30, 2017

Did economy recover from slump? Q2 GDP data to be out today will give answer

Experts believe growth will revive as business overcomes teething troubles posed by the new GST regime and shocks from demonetisation fade..

Nov 30, 2017

Payment transactions based on Aadhaar double in September

This surge is driven by cheaper devices that enable the Aadhaar-based payment system.

Nov 30, 2017

Modi Government wants RBI to slash interest rate before March as Inflation is 'under control'

"We see inflation remaining around 4 percent until March and a scope for a rate cut of 25 basis points," a finance ministry official said.

Nov 29, 2017

Indian Railways to raise Rs 35,000 core to get safer coaches, push electrification

The borrowing will be done through the financial arm of the Railways, Indian Railway Finance Corporation.

Nov 29, 2017

Arun Jaitley says government broke nexus between banks and big defaulters

Public sector banks loan book swelled up from Rs 18.16 lakh crore in 2008 to Rs 52.15 lakh crore in 2014, Jaitley says.

Nov 29, 2017

GES 2017 Highlights: If women start business, world will change; Modi, Ivanka invoke power of women - 10 takeaways

Just consider, if India closes the labour force gender gap by half, your economy could grow by over $150 billion in the next three years, Ivanka Trump said.

Nov 28, 2017

Onion prices shoots up to Rs 80/kg in national capital

Onion prices at the Asia's largest vegetable market, was more than Rs 50-60 per kg, however, on Tuesday, the same onion is shot up at Rs 80.

Nov 28, 2017

India and Canada keen to seal long-pending free trade agreement to boost bilateral trade

Trade ministers from both the countries had a meeting in New Delhi last week. They are now looking for another round of discussion at the advanced level before Trudeau's visit to India.

Nov 28, 2017