Economy News

Are ATMs being driven to extinction? Demonetisation, digitisation have the answer

Are demonetisation and digitisation driving ATMs to extinction with an increase in cashless transactions? Read to know more.

Aug 16, 2017

Modi govt plans to double nuclear power capacity to 14K MW: Piyush Goyal

Earlier in May, the Union Cabinet had approved the setting up of 10 indigenous Pressurised Heavy Water Reactors (PHWRs) for nuclear power generation.

Aug 15, 2017

Cracking 'shells': Can Sebi bring Launderers Anonymous to book with sheer zeal?

SEBI and investors face uncertain tides as the market regulator weeds out shell firms in the corporate ocean.

Aug 14, 2017

RIL, BP to submit revised investment plan for KG-D6 gas finds

The government had in 2012 approved a $1.529-billion plan to produce 10.36 million standard cubic meters per day of gas from four satellite fields of KG-D6 by 2016-17.

Aug 14, 2017

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks.

Aug 14, 2017

Has Doklam standoff failed to dampen Indo-China trade relations? Chinese imports to India rise 33%

Even as New Delhi and Beijing are sparring over the Doklam plateau, Chinese imports to India have increased 33 percent in the April-June quarter over the same period last year.

Aug 14, 2017

More than 93 million PAN cards linked with Aadhaar, last date is August 31

Nearly 30 crore PAN-Aadhaar linkages were done in June and July. The number is expected to increase as Income Tax Returns will not be processed until the linkage of the two unique numbers is done.

Aug 14, 2017

No rain checks: Monsoon, restocking jewellers will perk up gold imports

Import growth could taper off in coming months as jewellers restocked earlier than usual this year, fearing higher taxes.

Aug 13, 2017

Strategic change: Divestment of PSUs can be a logical move

NITI Aayog has recommended a strategic sale in over 40 PSUs and outright closure of 26 sick PSUs

Aug 13, 2017

DeMo memo: Rs 1.7 trillion in 'unusual cash' deposits was detected, says RBI paper

"Excess" deposits accrued to the banking system driven by demonetization are in the range of about Rs 2.8-4.3 trillion.

Aug 12, 2017

Surging farm loan waivers will cut GDP by 1.1 lakh crore; set to reduce farmer suicides

Surging farm loan waivers will cut GDP by 1.1lakh crore but will increase net wealth of farm households.

Aug 12, 2017

Achieving 7.5% GDP growth in FY '18 difficult: Economic Survey 2017

The survey noted that farm loan waivers could reduce aggregate demand by as much as 0.7 percent of gross domestic product (GDP), imparting a significant deflationary shock to the economy.

Aug 11, 2017

iPhone 8 can make Apple rich enough to become world's first trillion dollar company

Sales of iPhones this year will significantly contribute towards making Apple the most valuable company, putting its market cap at $1 trillion.

Aug 10, 2017

Insolvency proceedings approved for 10 out of 12 big defaulters

Jaypee Infratech has become the 10th defaulter against which the NCLT admitted insolvency proceedings.

Aug 10, 2017

Buoyant stock markets drive record inflows into equity schemes: Report

Mutual funds saw investors pouring in Rs 18,200 crore into equity schemes in July, according to a brokerage.

Aug 9, 2017