Economy News

Make in India: Govt may halve domestic crude cess to push oil, gas exploration

Cess on domestic crude is currently levied at the rate of 20 per cent of the value of oil. This may come to 10 per cent.

Dec 25, 2019

Asia's richest man Mukesh Ambani adds $16.5 billion to his fortune in 2019

Mukesh Ambani is the 12th richest person in the world, with around $61 billion of net worth as of Tuesday.

Dec 24, 2019

Trump says trade deal with China to be signed 'very shortly'

The Phase One deal was announced earlier this month as part of a bid to end the months-long tit-for-tat trade war between the world's two largest economies.

Dec 22, 2019

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Market outlook: RBI's 'operation twist', Jharkhand results to sway indices

Investor sentiments will be swayed by derivatives expiry and rupee's strength against the US dollar.

Dec 22, 2019

Day after Amit Shah showered praises on Sitharaman, IMF signals slashing India's growth estimates

The statement from the IMF has come at a time when Home Minister Amit Shah finally admitting that the country is facing a slowdown because of the conditions in the global economy.

Dec 18, 2019

PPF Scheme 2019: Account will not be liable to attachment

The new rules called, Public Provident Fund Scheme 2019, have replaced all the previous PPF rules with immediate effect.

Dec 18, 2019

Wholesale prices jump in November; Annual rate of inflation rises to 0.58%

India's annual rate of inflation based on wholesale prices jumped to 0.58 per cent in November from 0.16 per cent in October.

Dec 17, 2019

PAN-Aadhaar linking last date is December 31: Step by step guide [Video]

The Central Board of Direct Taxes (CBDT) through an order issued in September this year extended the due date for linking the PAN with the Aadhaar till December 31.

Dec 16, 2019

Will US Fed take Digital India's help on Google cue and replicate UPI system?

Google has cited Google Pay experience with India's flagship mobile real-time payments system UPI launched in 2016; the system topped 120 crore transactions in November valued at Rs 1.89 lakh crores.

Dec 15, 2019

Market outlook: Inflation data, stagflation concerns to steer equity indices

Concerns on stagflation and anxiety over the upcoming WPI Inflation level for November will keep investors on their toes.

Dec 15, 2019

China suspends planned tariffs scheduled for December 15 on some US goods

China's retaliatory tariffs, which were due to take effect on December 15, were meant to target goods ranging from corn and wheat to US-made vehicles and auto parts.

Dec 15, 2019

China to buy $50 billion US farm products in return for tariff concessions

Two people familiar with the negotiations had said earlier on Thursday that US negotiators were offering to cut existing tariffs on Chinese goods by as much as 50 per cent.

Dec 13, 2019

Trump's December 15 China tariffs threaten a long list of Christmas favourites

The way the tariffs are written, the Trump administration has to act, or else they automatically go into effect.

Dec 11, 2019

Ticking time bomb? Rajan warns of crisis in realty, infrastructure segments

The former RBI governor said real estate, construction and infrastructure sectors are in deep trouble amid the growth recession of low economic expansion and growing unemployment.

Dec 8, 2019

Big boost to middle-income segment on the cards as income tax rates may be cut

Finance Minister Nirmala Sitharaman hinted at the possibility of the government revising personal income tax rates and raising the taxable income floor.

Dec 8, 2019