Finance

Budget 2017: No populist sops expected as Govt walks a tightrope after note ban

Demonetisation may hold the government for big-ticket spending, like debt waivers for farmers or transferring money into poor people's accounts.

Jan 6, 2017

What is Fat Cat Wednesday?

Fat Cat Wednesday is a day where FTSE 100 bosses will have already earned more than the average worker in the UK makes all year.

Jan 4, 2017

Paytm, digital wallet, payments bank, online payments, digital payments, wallet service

5 things to know about Paytm's payments bank

The RBI on Tuesday gave approval to Paytm to launch its payments bank.

Jan 4, 2017

Indian railways, Railway coolies, India rail porters, coolies

Budget 2017: Railway coolies to get provident fund, pension benefits

The BJP government is planning to bring railway porters under the social security net of EPFO scheme.

Jan 2, 2017

ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Rs 41,500 crore deposited in Jan Dhan accounts after demonetisation; 48 lakh accounts under I-T Dept scrutiny

The I-T Dept will take action after identifying if deposits in Jan Dhan accounts belonged to somebody else.

Jan 2, 2017

India budget security, india budget 2017

Budget 2017: The halwa ceremony and the secrecy shrouding India's annual financial statement

Apart from economic priorities, India's finance minister has to deftly cope with political pressures and conflicting demands while outlining the Budget.

Dec 28, 2016

7th Pay Commission: Bad news for staff and pensioners of autonomous bodies as their pay revision may be delayed further

The Confederation of Central Government Employees and Workers (CCGEW) has already taken up the matter of the delay with the Centre.

Dec 25, 2016

Delhi Metro Corporation Limited (DMRC), delhi metro, delhi police, cisf

PM Modi accused of bribery again as 10 Delhi Metro stations go cashless with Paytm from January 1

Former AAP member and Swaraj Abhiyan founder Prashant Bhushan tweeted that the Prime Minister had taken bribes, and Arvind Kejriwal retweeted it.

Dec 24, 2016

SBI Buddy vs Paytm: SBI's 'desi' Buddy takes on 'somewhat Chinese' Paytm with banner of patriotism

SBI says its Buddy app is more secured, charges way less and is partly-owned by the government of India unlike Paytm, in which China's Alibaba has a stake.

Dec 23, 2016

US Federal Reserve needs more than 3 rate hikes next year: Jeffrey Lacker

As per this key member of the US Federal Reserve, more hikes would be required to contain any spike in inflation.

Dec 17, 2016

Lower transaction fee not to impact banks: Indian Banking Association

In a notification on Friday, RBI lowered charges on transactions up to Rs 2,000 to encourage digital payments.

Dec 17, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

Life insurers gain from demonetisation; LIC's premium collection more than doubles in November

Total premium collections of LIC stood at Rs 12,528 crore in November against Rs 5,182 crore in the same month last year. Private life insurers also posted growth.

Dec 14, 2016

Arun Jaitley hints at lower taxes following demonetisation, but here's why it may not happen

Jaitley says demonetisation would enable the government to make taxes more reasonable with both direct and indirect taxes involved.

Dec 13, 2016

RBI not in favour of government's move to cut card payment charges

The RBI argued that any reduction in card transaction charges will make the business model unsustainable for banks.

Dec 12, 2016

Indian insurers rush to buy bank capital after rule change

Insurance Regulatory Authority of India has allowed insurers to invest in AT1 rupee bonds with local ratings of AA and above.