Economy News

A labourer works at a rice mill in Ranibazar

Basmati rice overtakes buffalo meat as top export commodity for India

The short-lived ban on buffalo meat's sale is partly another reason why export took a hit and basmati rice climbed to the top spot.

Aug 23, 2017

rbi head office reserve bank of india notes currency denomination 2000 1000 500 100 mysuru

RBI likely to introduce Rs 200 notes from September

The broader objective of the introduction of Rs 200 notes is to eliminate counterfeit currency notes and eradicate black money from the system.

Aug 23, 2017

Indian Navy eyes over 200 helicopters worth $5 billion amid rising tensions with China

The Request For Information was issued for 111 Naval Utility Helicopters and 123 Naval Multi-role Helicopters with anti-submarine warfare capabilities.

Aug 23, 2017

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI Governor hinted PSU bank mergers as recapitalisation plans

RBI Governor Urjit Patel said that PSBs will need to take haircut on current exposure, and higher provisions requirement will affect the capital position of several banks.

Aug 20, 2017

indian railways, railway passenger revenues, indian railways 2017 earnings, railway freight earnings, suresh prabhu

Indian railway projects worth Rs 1 lakh crore halt over GST confusion

Before GST was introduced, contractors had to pay a maximum of 4 percent service tax depending on the state but after the new tax system was launched, a GST of 18 percent was imposed.

Aug 19, 2017

RBI to issue new Rs 50 note: Top features to look out for in the new banknote

New Rs 50 banknote will have a motif of Hampi with the chariot and Swachh Bharat logo and the slogan on the reverse.

Aug 19, 2017

Digital toll payment: Centre launches new app to buy RFID cards for seamless highway transportation

The government has also ordered to make toll lanes on highways RFID-enabled by October 31, and also directed that one lane at toll gates should be exclusively be reserved for FASTags starting September 1.

Aug 18, 2017

adani enterprises, adani coal project in australia

Will coal remain the mainstay of India's energy mix?

Piyush Goyal said the country would not be apologetic about having to use coal in future while all developments in the US and the West for over 150 years were on the back of the coal itself.

Aug 18, 2017

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India sees over 15% growth in foreign tourist arrivals [VIDEO]

Foreign tourist arrivals from January 2017 to July 2017 were 56.74 lakh, recording a growth of 15.7 per cent from last year, said tourism ministry.

Aug 18, 2017

Climate challenge costs India $10 billion every year

A further plunge in the farming productivity driven by extreme weather events will add a lot of stress and India could turn into a major importer of food items like milk and pulses.

Aug 18, 2017

Here is why US-North Korea tension is not good for Indian economy

Data analytics firm Statista revealed that North Korea imported as much as 85 percent of its goods worth around Rs 22,555 crore (USD 3.47 billion) from China in 2015.

Aug 17, 2017

Here's how private players will benefit from Centre's new metro policy

The policy came up with a major change, as it shifts from existing financial rate of return to economic rate of return.

Aug 17, 2017

India may use LED for all lights by 2019, will save Rs 40,000 crore each year

Energy Efficiency Services Ltd (EESL) shook hands with Indian oil companies for selling its LED bulbs, tubelights and fans at more than 54,500 petrol pumps.

Aug 17, 2017