Economy News

Indian Railways seeks to electrify 8,000 km every year from next fiscal, invites tenders

If it electrifies its entire route, the railways will save about Rs 10,500 crore in fuel bills every year.

Nov 24, 2017

New price tags showing GST cut on existing stocks is compulsory: Govt to FMCGs

Stickers must be fixed, till products with revised MRPs reach stores.

Nov 24, 2017

India pares back planned funding for crucial public health scheme

Officials familiar with the plan said the finance ministry reduced planned funding because of other spending priorities and because of state governments' poor track record of spending the health budgets they've been allotted in the past.

Nov 23, 2017

Modi govt's electric vehicle mission can create Rs 1.9 lakh-cr battery market in India: NITI Aayog

NITI Aayog's prediction of battery market in India is almost equivalent to 2/5th of the global battery demand.

Nov 23, 2017

Flight fares likely to surge as govt plans to increase passenger services fee

At present, a PSF of Rs 130 is charged on all booked tickets and the fund accumulated from the levy is used for funding security like paying salaries of the Central Industrial Security Force (CISF) personnel and other security costs

Nov 23, 2017

U.K. Budget 2017: Winners and losers

U.K. Chancellor of the Exchequer Philip Hammond has announced the first Autumn budget for twenty years, after it switched from Spring. But who are the winners and losers of this budget?

Nov 22, 2017

Inflation expected to rise; RBI likely to hike interest rates: Goldman Sachs

The report further said that India's consumer price index (CPI) is likely to go up because of higher commodity prices of oil and coal.

Nov 22, 2017

Over 43 lakh businesses file initial GST returns for October

Around 56 percent of the registered taxpayers have filed their GSTR-3B returns for October by November 20.

Nov 22, 2017

12% and 18% GST slab rates likely to be merged; Rs 95,000 cr revenue collected in October

But the government will reserve the 28 percent rate for demerit goods like cigarettes.

Nov 21, 2017

Private sector hiring likely to stay muted till March 2018: Report

The wage cost control would remain a key area of priority in the short term.

Nov 20, 2017

Govt likely to cut GST rates on white goods like washing machines, AC

Besides pushing demand in the sector, the move will also be aimed at helping women to reduce their daily workload by making such white goods cheaper.

Nov 20, 2017

Pakistan's National Security Advisor says India creating a 'two-front situation'

The NSA said that Pakistan wants peace in Afghanistan, however, it is under stress because of India's involvement in the situation.

Nov 18, 2017

Moody's upgrade in India ratings shows growth story: NITI Aayog

Other global rating agencies like Standard and Poor's Financial Services (S&P) and Fitch Ratings to follow Moody's.

Nov 17, 2017

Despite a small market, global diamond producer starts operations in India

After the United States, India is the Diamond Producers Association's second country office.

Nov 17, 2017

Markets cheer Moody's decision to upgrade India's credit rating

Sensex and Nifty gained over 370 points and 112 points, respectively, in early trade on Friday.

Nov 17, 2017