Economy News

India might come under scanner at WTO after steep hike in MSP

US has raised serious concerns in its submission at the WTO about India's calculation where India has maintained that its food subsidy for paddy is below 6% as compared to the permissible 10% till 2015-16.

Jul 6, 2018

Life Insurance Corporation to invest Rs 26,000 crore in Indian Railways' finance arm

The state-owned insurance group and investment company headquartered in Mumbai is planning to infuse Rs 26,000 crore through bond subscription.

Jul 5, 2018

Cabinet approves proposal to hike MSP of kharif crops

Economic experts fear that the increase in MSP could be a possible hindrance to the government's target of maintaining 3.5 percent fiscal deficit.

Jul 5, 2018

Bank of China gets green signal from RBI to open branches in India

Bank of China would only be the second Chinese bank after Industrial and Commercial Bank of China Ltd (ICBC) to open a branch in India.

Jul 5, 2018

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Karnataka Budget 2018 highlights: Homeland security university in Shivamogga, Film City in Ramanagara

Farm loan waiver was a marquee offer by Kumaraswamy. But he ran into trouble with the coalition partner over this. The CM has managed to deliver a Rs 34,000 crore loan waiver in the Karnataka budget, but is that enough? Farmers have been demanding waiver of all loans, which runs into a whopping Rs 1.14 lakh crore.

Jul 5, 2018

Oil prices drop as Trump asks OPEC to stabilise market

A key driver of the rise in prices has been the OPEC-Russia deal to cut oil output, compounded by collapsing Venezuelan production and the U.S. decision to end the Iran deal, National Australia Bank (NAB) said in its July outlook.

Jul 5, 2018

Former RBI deputy governor KC Chakrabarty stopped from travelling abroad

KC Chakrabarty, who served as the RBI deputy governor from 2009 to 2014, was stopped when he was travelling to London from Mumbai's Chhatrapati Shivaji International Airport in May.

Jul 4, 2018

Central government accepts Sunil Mehta committee's report on bad loans

The committee has recommended a five-pronged strategy under Project 'Sashakt' to deal with Non-performing Assets in the country's banking system.

Jul 3, 2018

Protestors at anti-Trump protest in Los Angeles

Global Economy: Asian factories lose momentum even before Trump's tariffs kick in

Asian exporters lost momentum last month even before tariffs on U.S. and Chinese goods kick in this week, pressuring regional factory activity in a worrying sign the Trump administration's "America First" protectionist policies could derail global growth.

Jul 2, 2018

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Foreign Portfolio Investors pull out Rs 48,000 crore; highest in a decade

The latest outflow is the biggest since January-June 2008 when Foreign Portfolio Investors (FPIs) had withdrawn Rs 24,758 crore from the capital markets including equity and debt.

Jul 2, 2018

FDI inflow growth rate plummets to 5-year low in FY18

The incumbent government had managed to initially multiply the FDI inflow growth rate to 27 per cent in 2014-15 and 29 per cent in the following year, but it nosed dived to just 8.67 per cent in 2016-17

Jul 2, 2018

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC lost 18 out of 21 PSB investments in the past two years

The trend is completely different when it comes to its investment in private sector banks where the value of LIC's investment is up by 50 percent.

Jul 2, 2018

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GST was thrust upon an unprepared nation, says former Finance minister P Chidambaram

According to the Congress leader, the only section that appeared to be happy about the GST was the tax administration that had acquired extraordinary powers that frighten the average business person and the common citizen. "GST has become a bad word" for businesses and commoners alike, he said.

Jul 1, 2018

One year of GST: Prime minister Modi acknowledges 'positive change in the Indian economy' on Twitter

Narendra Modi congratulated India on the completion of one year since the implementation of GST, touted as the biggest economic reform since Independence.

Jul 1, 2018

screenshot-from-official-income-tax-return-filing-website

Guide to file Income Tax Return (ITR) online

The last date for filing tax returns (online or offline) is July 31.

Jun 30, 2018

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Economy News

India might come under scanner at WTO after steep hike in MSP

Life Insurance Corporation to invest Rs 26,000 crore in Indian Railways' finance arm

Cabinet approves proposal to hike MSP of kharif crops

Bank of China gets green signal from RBI to open branches in India

Karnataka Budget 2018 highlights: Homeland security university in Shivamogga, Film City in Ramanagara

Oil prices drop as Trump asks OPEC to stabilise market

Former RBI deputy governor KC Chakrabarty stopped from travelling abroad

Central government accepts Sunil Mehta committee's report on bad loans

Global Economy: Asian factories lose momentum even before Trump's tariffs kick in

Foreign Portfolio Investors pull out Rs 48,000 crore; highest in a decade

FDI inflow growth rate plummets to 5-year low in FY18

LIC lost 18 out of 21 PSB investments in the past two years

GST was thrust upon an unprepared nation, says former Finance minister P Chidambaram

One year of GST: Prime minister Modi acknowledges 'positive change in the Indian economy' on Twitter

Guide to file Income Tax Return (ITR) online

Arshad Warsi reminds netizens, 'A year ago this was our last normal week'

Dream of Sonar Bangla will be fulfilled: PM Modi at BJP's mega rally in Kolkata

Ranvir Shorey reveals taste and smell remain lost even after testing Covid negative

Kangana Ranaut: Was told I am too good an actor to be a Bollywood leading lady

Delnaaz Irani: Never said I want to be an A-list actress or Yash Raj heroine