Economy News

Government waives GST late fee for August and September, but you still may have to pay it!

The Central government on Tuesday waived the late fee for filing GST returns for August and September. Read to know why you still may have to pay the fee.

Oct 24, 2017

India gets further push on road to progress: Rs 7 lakh crore project for 83,000 km of highways gets Cabinet nod

The Union Cabinet has reportedly given the nod for the construction of 83,000 km of highways across India over five years at a cost of Rs 6.9-7 lakh crore.

Oct 24, 2017

India say goodbye to slow internet! Government has begun process for fast broadband connectivity

The Central government has begun the process that will bring 2 Mbps broadband connectivity to each and every corner of India. Read to know more.

Oct 24, 2017

Stalled infrastructure projects cost government Rs 1.72 lakh crore extra

The expenditure incurred on these 1,257 projects till July is Rs 6.80 lakh core, which is 38.87 per cent of the total anticipated cost. Moreover, of the 1,257 projects there are 331 projects, whose cost overran by 274 times.

Oct 23, 2017

Japans Prime Minister Shinzo Abe clinches landslide victory in snap election

Japans Prime Minister Shinzo Abes gamble paid off as his ruling bloc secured two-thirds of majority in the Lower House in the snap election. Following the results, Abe promised to deal firmly with North Korea amid the rising tensions in the region.

Oct 23, 2017

If your Rajdhani train tickets are not confirmed, you could soon opt to fly!

The proposal was pushed by the Chairman of the Indian Railway Board Ashwani Lohani last summer when he was Chairman and Managing Director of Air India.

Oct 23, 2017

Decisions on key lending rates entering trickier waters, show RBI monetary policy panel minutes

Observers are wary about the deep divide within the RBI Monetary Policy Committee when it comes to deciding key interest rates. Read to know more.

Oct 20, 2017

Railways to spend Rs 3,000 cr to automate yards; how will it impact jobs?

The Railway Board has already identified 38 yards which would be developed into smart yards, and are currently awaiting the clearance from the board.

Oct 18, 2017

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