Economy News

RBI stands battle-ready to take whatever steps needed for Covid-hit Indian economy: Governor Shaktikanta Das

Governor Shaktikanta Das said some high-frequency indicators including agricultural activity, Purchasing Managers Index for manufacturing, certain private estimates for unemployment point to "some stabilisation" of economic activity in the second quarter of the current fiscal year.

Sep 16, 2020

Toyota's latest decision shows what's wrong with India's auto sector

Toyota India's Vice Chairman, Shekar Viswanathan, argued that the government keeps taxes on cars and motorbikes so high that companies find it hard to build scale.

Sep 15, 2020

Both Khare and Khullar will hold their new assignments for a period of three years.

Meet Samir Khare and Rajesh Khullar - the new Exec Directors of Asian Development Bank and World Bank

Khare was previously the Additional Secretary in the Department of Economic Affairs, Ministry of Finance while Haryana IAS officer Rajesh Khullar was the Principal Secretary to Haryana Chief Minister.

Sep 14, 2020

EPFO to pay interest rate of 8.15% to subscribers for FY20 in two instalments

This decision was taken in the EPFO's central board of trustees meeting chaired by labour and employment minister Santosh Kumar Gangwar today.

Sep 9, 2020

Fitch Ratings expects Indian economy to contract by 10.5% this fiscal from -5% earlier

Fitch Ratings said that India's GDP should rebound strongly in 3Q20 (October-December) amid a re-opening of the economy.

Sep 8, 2020

Fresh stimulus package on cards: Is it too little too late

The much hyped fiscal stimulus package that was earlier announced by Modi, giving the call for 'Atmanirbhar Bharat' turned out to be a drop in the ocean.

Sep 7, 2020

Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report

US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10 per cent.

Sep 3, 2020

Farmers' lives don't matter in India; 10,281 died by suicide in 2019 alone

With all the attention and activism reserved for SSR case, read on to find out about the plight of farmers and the system's apathy towards them. 43.480 farmers and daily wagers died by suicide in 2019 alone.

Sep 3, 2020

Amid Covid, I-T Dept refunds Rs 98.6K cr to 26 lakh taxpayers

The Income Tax Department has worked at breakneck speed to process the refund claims.

Sep 3, 2020

RBI announces yet another round of OMOs of Rs 20,000 crore: What it means

The RBI announced that it has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ₹20,000 crores.

Aug 25, 2020

Sensex, Nifty hit six-month high on global cues; banks gain

Indian shares hit a six-month intraday high on Tuesday, taking cues from other Asian markets that rose on progress in U.S.-China trade talks and following another record close on Wall Street.

Aug 25, 2020

Petrol prices rise by 12-14 paise/litre: Check latest rates in your city

Petrol prices across the four metros rose for the fourth straight day on Sunday.

Aug 23, 2020

British pound. (File: Xinhua/Then Chih Wey/IANS)

UK government debt hits £2 trillion for first time

The UK government debt has increased above 2 trillion pounds ($2.6 trillion) for the first time amid heavy spending to support the economy amid the coronavirus pandemic, the Office for National Statistics (ONS) revealed on Friday.

Aug 21, 2020

RBI releases 'National Strategy for Financial Education for 2020-2025': What it includes

The NSFE 2020-25 includes inculcating financial literacy concepts among various sections of the population through financial education to make them an important life skill.

Aug 20, 2020

RBI to transfer Rs 57,128 crore as surplus to govt for FY20

The Reserve Bank of India (RBI) has approved the transfer of Rs 57,128 crore surplus reserves to the government accounting for the year 2019-20. The RBI board has decided to maintain the Contingency Risk Buffer at 5.5%.

Aug 14, 2020

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Economy News

RBI stands battle-ready to take whatever steps needed for Covid-hit Indian economy: Governor Shaktikanta Das

Toyota's latest decision shows what's wrong with India's auto sector

Meet Samir Khare and Rajesh Khullar - the new Exec Directors of Asian Development Bank and World Bank

EPFO to pay interest rate of 8.15% to subscribers for FY20 in two instalments

Fitch Ratings expects Indian economy to contract by 10.5% this fiscal from -5% earlier

Fresh stimulus package on cards: Is it too little too late

Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report

Farmers' lives don't matter in India; 10,281 died by suicide in 2019 alone

Amid Covid, I-T Dept refunds Rs 98.6K cr to 26 lakh taxpayers

RBI announces yet another round of OMOs of Rs 20,000 crore: What it means

Sensex, Nifty hit six-month high on global cues; banks gain

Petrol prices rise by 12-14 paise/litre: Check latest rates in your city

UK government debt hits £2 trillion for first time

RBI releases 'National Strategy for Financial Education for 2020-2025': What it includes

RBI to transfer Rs 57,128 crore as surplus to govt for FY20

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react