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Economy News

  • Govt releases special assistance to vario.. 20 Jan 2017 | 15:02 | Dion Global

    The Union Government has been assisting the state governments and providing special assistance with...more...

  • RBI sets rupee reference rate at 68.0883 .. 20 Jan 2017 | 13:34 | Dion Global

    The Reserve Bank of India (RBI) fixed the reference rate of the rupee at 68.0883 against the US dol...more...

  • Govt eases norms for import of PoS termin.. 20 Jan 2017 | 10:43 | Dion Global

    The Indian Government has said that it has eased norms for import of Point of sale (PoS) terminal d...more...

  • Govt to introduce Aadhaar-based digital p.. 20 Jan 2017 | 10:36 | Dion Global

    The Indian Government has said that it is now going to introduce a new Aadhaar-based digital paymen...more...

  • Govt owed demonetization to nation: Min 20 Jan 2017 | 10:36 | Dion Global

    The Modi government has said that it owes demonetisation to the nation and it had to do it to eradi...more...

  • Govt to infuse Rs 1,894 cr in SBI: Reports 20 Jan 2017 | 10:22 | Dion Global

    The Indian Government has said that it has asked State Bank of India to take necessary regulatory ...more...

  • 20% consumption expenditure to become dig.. 20 Jan 2017 | 10:21 | Dion Global

    Unique Identification Authority of India (UIDAI) former chairman Nandan Nilekani has said that with...more...

  • Sebi slaps Rs 14 lakh fine on 7 cos in in.. 19 Jan 2017 | 17:13 | Dion Global

    Sebi has imposed a total penalty of Rs 14 lakh on seven firms for failing to resolve investor griev...more...

  • FIPB clears 6 FDI proposals worth Rs 1,18.. 19 Jan 2017 | 16:48 | Dion Global

    Inter-ministerial body FIPB today approved six investment proposals, including that of Sanofi Synth...more...

  • RBI sets rupee reference rate at 68.1766 .. 19 Jan 2017 | 14:29 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 68.1766 against the US dol...more...

  • CCEA okays alternative mechanism for stak.. 19 Jan 2017 | 12:39 | Dion Global

    The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, on Wednesda...more...

  • CCEA approves listing of five General Ins.. 19 Jan 2017 | 12:38 | Dion Global

    The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its approval for listing the fiv...more...

  • Cabinet clears proposal to scrap 105 redu.. 19 Jan 2017 | 12:33 | Dion Global

    Laws which amended the Unlawful Activities (Prevention) Act and the ones dealing with salaries and ...more...

  • Govt gives thumbs up to trade agreement n.. 19 Jan 2017 | 11:45 | Dion Global

    The Indian Cabinet chaired by the Prime Minister Narendra Modi has approved holding negotiations fo...more...

  • Govt approves MoU between India and Russia 19 Jan 2017 | 11:28 | Dion Global

    The Union Cabinet has given its nod to an MoU on youth exchange programmes with Russia to help prom...more...

  • Time appropriate to invest in India: Mini.. 19 Jan 2017 | 10:46 | Dion Global

    Senior Union Minister Nitin Gadkari showcased India’s growth story before global business lea...more...

  • Give universal basic income only as repay.. 19 Jan 2017 | 10:38 | Dion Global

    NITI Aayog CEO Amitabh Kant has said that with some sections in the global economy pushing for univ...more...

  • Govt to prohibit transaction of benami pr.. 19 Jan 2017 | 10:38 | Dion Global

    The Indian Government has said that it will take steps to prohibit transaction of 'benami' ...more...

  • Strong domestic demand to help Indian com.. 19 Jan 2017 | 10:22 | Dion Global

    S&P global Ratings has said that strong domestic demand and cost competitiveness in exports will he...more...

  • Indian SMEs confident of growth, more hir.. 19 Jan 2017 | 00:44 | Dion Global

    Small businesses in the country maintain a positive outlook for the future in terms of business con...more...

  • Govt inks MoU to set up 1,000 'Janaus.. 18 Jan 2017 | 17:23 | Dion Global

    The government today signed an agreement with the National Yuva Cooperative Society to set up 1,000...more...

  • Cabinet approves India-UAE road agreement 18 Jan 2017 | 17:21 | Dion Global

    Government today approved a pact between India and the United Arab Emirates on bilateral cooperatio...more...

  • Hiring activity slips 7% in December amid.. 18 Jan 2017 | 17:04 | Dion Global

    Hiring activity registered a 7 per cent decline in December amid uncertainty and this trend may con...more...

  • 12 Asian cos face challenges in retaining.. 18 Jan 2017 | 15:59 | Dion Global

    Moody's Investors Service, a global rating agency, has said that 12 companies in Asia -- rated...more...

  • RBI sets rupee reference rate at 67.9364 .. 18 Jan 2017 | 15:26 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 67.9364 against the US dol...more...

  • RBI likely to go for 25 bps rate cut on F.. 18 Jan 2017 | 13:14 | Dion Global

    The Reserve Bank of India is expected to go in for a 25 bps rate cut at its next monetary policy me...more...

  • Growth to drop, but rebound likely in H2 .. 18 Jan 2017 | 13:11 | Dion Global

    India's growth numbers are likely to slide in the next two quarters, but a sharp rebound is exp...more...

  • Income disclosures valid if tax amount re.. 18 Jan 2017 | 10:39 | Dion Global

    The Income Tax Department has said that disclosures under the IDS scheme will be considered valid e...more...

  • Niti Aayog to rank states on digital para.. 18 Jan 2017 | 10:38 | Dion Global

    Niti Aayog has said that it has sought data on digital transactions from the states within 10 days ...more...

  • India likely to grow by 7.7% in FY 2017: .. 18 Jan 2017 | 10:23 | Dion Global

    A United Nations report has said that India is projected to grow by 7.7 per cent in fiscal 2017, re...more...

  • CAG in favour of provision in GST law to .. 18 Jan 2017 | 10:22 | Dion Global

    CAG has said that it has demanded explicit provision in the law to empower the official auditor to ...more...

  • Countries with high debt should plan to r.. 18 Jan 2017 | 10:22 | Dion Global

    An IMF official has said that countries with higher public debt levels like India should continue t...more...

  • RBI may consider a rate cut in first half.. 17 Jan 2017 | 17:08 | Dion Global

    The Reserve Bank of India is expected to go for a rate cut in the first half of this year, largely ...more...

  • Note ban can do little to stop future bla.. 17 Jan 2017 | 15:52 | Dion Global

    Demonetisation may wipe out the present stock of black money held in cash from the economy but cann...more...

  • RBI sets rupee reference rate at 68.0509 .. 17 Jan 2017 | 14:53 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 68.0509 against the US dol...more...

  • Govt mulls easing FDI norm for single bra.. 17 Jan 2017 | 14:44 | Dion Global

    The government is considering allowing 100 per cent FDI through automatic route in single brand ret...more...

  • GST to have minimal impact on inflation, .. 17 Jan 2017 | 13:59 | Dion Global

    The goods and services tax (GST) is expected to be fiscally neutral and the resulting inflation imp...more...

  • India & Mauritius inks MoU for cooperatio.. 17 Jan 2017 | 11:42 | Dion Global

    India and Mauritius has signed an MoU for cooperation in the field of cooperatives and related area...more...

  • New indirect tax regime to be rolled out .. 17 Jan 2017 | 10:27 | Dion Global

    The Centre and states have reached a consensus on sharing powers for control over tax payers under ...more...

  • India signs agreement with World Bank for.. 17 Jan 2017 | 10:19 | Dion Global

    Multilateral lending agency World Bank has said that it has signed a financing agreement with India...more...

  • India to remain fastest growing major eco.. 17 Jan 2017 | 10:18 | Dion Global

    Global credit rating agency Moody's Investors Service and its Indian affiliate ICRA Ltd have sa...more...

  • RBI autonomy important, retain its specia.. 17 Jan 2017 | 00:46 | Dion Global

    Joining the debate on Reserve Bank's autonomy, former Planning Commission Deputy Chairman Monte...more...

  • Deferring GST roll out pragmatic, industr.. 17 Jan 2017 | 00:38 | Dion Global

    The consensus at the GST Council meeting on jurisdiction over assessees as well as fixing roll out ...more...

  • Start-ups may get tax benefits in budget:.. 16 Jan 2017 | 15:28 | Dion Global

    Commerce and Industry Minister Nirmala Sitharaman indicated that start-ups may get additional tax b...more...

  • WPI inflation rises to 3.39% in Dec, but .. 16 Jan 2017 | 14:52 | Dion Global

    Wholesale inflation broke the 3-month declining trend and rose to 3.39 per cent in December 2016, m...more...

  • Limited room to reduce fiscal deficit to .. 16 Jan 2017 | 14:47 | Dion Global

    The government is likely to achieve its fiscal deficit target of 3.5 per cent of GDP in the current...more...

  • Assocham calls for a Budget that revives .. 16 Jan 2017 | 11:33 | Dion Global

    Industry chamber Assocham has appealed to political parties to ensure that the Union Budget for fis...more...

  • Govt may increase FDI limit to 49% in pri.. 16 Jan 2017 | 09:40 | Dion Global

    The Indian Government has said that it is considering a proposal to increase foreign direct investm...more...

  • BRICS nations to establish themselves as .. 16 Jan 2017 | 09:39 | Dion Global

    Eminent Indian banker and New Development Bank chief KV Kamath has expressed confidence that the co...more...

  • FM may lower corporate tax in upcoming bu.. 16 Jan 2017 | 09:22 | Dion Global

    Finance Minister Arun Jaitley may address the transient pain of demonetisation by cutting corporate...more...

  • BoFA-ML pegs Sensex target for 2017 at 29.. 16 Jan 2017 | 07:39 | Dion Global

    Estimating the Sensex target at 29,000 for December-end 2017, global financial services major Bank ...more...

  • FPIs outflow at Rs 3,800-cr from equities.. 16 Jan 2017 | 07:38 | Dion Global

    Foreign investors have pulled out over Rs 3,800 crore from the country's equity markets so far ...more...

  • Rs 9 lakh cr back in system after demonet.. 16 Jan 2017 | 00:07 | Dion Global

    State Bank of India (SBI) chairman Arundhati Bhattacharya has said that about Rs 9 lakh crore of cl...more...

  • Consumer demand to become normal by Q2 20.. 16 Jan 2017 | 00:06 | Dion Global

    CII President Naushad Forbes termed demonetisation as a right long term decision despite short term...more...

  • Card based transaction up by 90% Q3 FY17:.. 16 Jan 2017 | 00:05 | Dion Global

    India Ratings and Research (Ind- Ra) has said that post demonetisation, the card based transactions...more...

  • RBI may cut repo rate by 25 basis points .. 13 Jan 2017 | 17:08 | Dion Global

    With uncertanity over implementation of GST, rising crude oil prices and the challenging 4 per cent...more...

  • India grew fastest among major economy: P.. 13 Jan 2017 | 10:03 | Dion Global

    A study has said that India grew fastest among major economies worldwide at over 7.5 per cent in 20...more...

  • Excessive paper currency usage unfavourab.. 13 Jan 2017 | 10:02 | Dion Global

    Finance Minister Arun Jaitley has said that excessive use of paper currency is detrimental to socie...more...

  • India’s retail inflation cools to 3.. 13 Jan 2017 | 09:54 | Dion Global

    Retail inflation eased further to nearly 3-year low of 3.41 per cent in December, reflecting weak d...more...

  • Over 24,000 Investment Intentions inked i.. 12 Jan 2017 | 12:57 | Dion Global

    Over 24,000 Investment Intentions (IIs) have been signed so far during the ongoing 'Vibrant Guj...more...

  • Deadline extended for companies to get re.. 12 Jan 2017 | 12:13 | Dion Global

    The Ministry of Labour and Employment has extended the deadline by three months for companies and o...more...

  • India, US ink agreement on cyber-security.. 12 Jan 2017 | 12:04 | Dion Global

    India and the US have signed a memorandum of understanding (MoU) on cooperation in the field of cyb...more...

  • Commerce Ministry initiates review of FTP.. 12 Jan 2017 | 10:30 | Dion Global

    The commerce ministry has said that it has started the review of the foreign trade policy by consul...more...

  • Govt hopeful of achieving disinvestment t.. 12 Jan 2017 | 10:16 | Dion Global

    A finance ministry official has said that the Government has already garnered Rs 23,500 crore by di...more...

  • Demonetisation to have positive impact ne.. 12 Jan 2017 | 00:27 | Dion Global

    Demonetisation will have a positive impact on economic activities and growth in the next financial ...more...

  • Demonetisation, GST to make society tax c.. 12 Jan 2017 | 00:20 | Dion Global

    Terming disruption caused by demonetisation as transient, Finance Minister Arun Jaitley said the mo...more...

  • RBI suggests a unified regulator for IFSCs 12 Jan 2017 | 00:18 | Dion Global

    RBI Governor Urjit Patel made a case for setting up a unified regulator and a world class legal fra...more...

  • GST likely to be implemented in Jul-Sep q.. 11 Jan 2017 | 17:09 | Dion Global

    The Goods and Services Tax (GST) is expected to be implemented in the July-September quarter of 201...more...

  • World Bank cuts India GDP growth to 7% fo.. 11 Jan 2017 | 15:29 | Dion Global

    The World Bank has cut India’s growth forecast to 7 per cent for 2016-17 from its previous es...more...

  • World Bank pegs global economic growth at.. 11 Jan 2017 | 15:24 | Dion Global

    Global economic growth is forecast to accelerate moderately to 2.7 per cent in 2017 after a post-cr...more...

  • IT Dept gets Silver award for e-filing of.. 11 Jan 2017 | 15:11 | Dion Global

    The Income Tax Department has been conferred the Silver award in the National Awards on e-Governanc...more...

  • NSE relaxes lock-in period norms for memb.. 11 Jan 2017 | 11:38 | Dion Global

    Relaxing lock-in period norms for those surrendering trading membership, NSE today said the members...more...

  • Cisco's Chambers optimistic on India&.. 11 Jan 2017 | 11:04 | Dion Global

    Betting on India over other countries in the world, Cisco Chairman John Chambers has said that the ...more...

  • New issues to be included in WTO agenda a.. 11 Jan 2017 | 10:45 | Dion Global

    The Indian Government has said that it has made it clear that new issues such as e-commerce and gov...more...

  • India’s social sector spending insu.. 11 Jan 2017 | 10:42 | Dion Global

    An HSBC report has said that India's quantity and quality of social sector spending is inadequa...more...

  • Total FDI inflows touch $130 bn in 2.5 yr.. 11 Jan 2017 | 10:30 | Dion Global

    The Indian Government has said the total FDI inflows in the last two-and-a-half years have touched ...more...

  • Govt may stick to fiscal deficit target i.. 11 Jan 2017 | 10:29 | Dion Global

    A Standard Chartered report has said that the central government is expected to stick to its fiscal...more...

  • Demonetisation impact: Corporate earnings.. 11 Jan 2017 | 00:06 | Dion Global

    After recording an average revenue growth of 6.3 per cent for three consecutive quarters, corporate...more...

  • Govt asks excise, service tax payers to m.. 10 Jan 2017 | 15:04 | Dion Global

    Government has requested all its existing central excise/service tax assessees to migrate to GST as...more...

  • RBI sets rupee reference rate at 68.0641 .. 10 Jan 2017 | 14:38 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 68.0641 against the US dol...more...

  • RBI likely to go for 25 bps rate cut in 2.. 10 Jan 2017 | 14:15 | Dion Global

    The Reserve Bank of India is expected to go for only a 25 bps rate cut this year and the likelihood...more...

  • RBI likely to go for 25 bps rate cut in 2.. 10 Jan 2017 | 14:15 | Dion Global

    The Reserve Bank of India is expected to go for only a 25 bps rate cut this year and the likelihood...more...

  • Reforms, policy effectiveness to decide I.. 10 Jan 2017 | 12:59 | Dion Global

    Government’s capacity to implement reforms and policy effectiveness will decide India’s...more...

  • Narendra Modi inaugurates India Internati.. 10 Jan 2017 | 11:32 | Dion Global

    Prime Minister Narendra Modi has inaugurated the India International Exchange (INX) located at the ...more...

  • Exim Bank unveils export facilitation por.. 10 Jan 2017 | 11:02 | Dion Global

    Export-Import Bank of India (Exim Bank) has said that it has launched a portal primarily for provid...more...

  • IT officials detect undisclosed income of.. 10 Jan 2017 | 11:01 | Dion Global

    The Income Tax department has said that it has detected un-disclosed income of over Rs 5,343 crore ...more...

  • HSBC projects GDP growth at 6.3% for 2016.. 10 Jan 2017 | 10:51 | Dion Global

    Foreign brokerage HSBC has said that it has projected sharply lower growth numbers for India for th...more...

  • Citigroup lowers growth forecast to 6.8% .. 10 Jan 2017 | 10:50 | Dion Global

    Global brokerage Citigroup has said that it has lowered India's growth forecast to 6.8 per cent...more...

  • RBI sets rupee reference rate at 68.1863 .. 09 Jan 2017 | 14:49 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 68.1863 against the US dol...more...

  • Direct tax grows 12%, indirect tax 25% du.. 09 Jan 2017 | 14:19 | Dion Global

    Tax collection figures for the period April -December 2016 show a positive trend as direct taxes gr...more...

  • Indian banks' asset quality woes, cap.. 09 Jan 2017 | 14:13 | Dion Global

    Moody's Investors Service and its Indian affiliate, ICRA, have forecasted that they see subdued...more...

  • BHIM app crosses 10 mn downloads in 10 da.. 09 Jan 2017 | 12:50 | Dion Global

    The Prime Minister Narendra Modi has expressed delight over 10 million downloads of BHIM App in a s...more...

  • Money has lost secrecy post demonetisatio.. 09 Jan 2017 | 10:38 | Dion Global

    Finance Minister Arun Jaitley has said that the colour of funds has not changed by merely depositin...more...

  • GAAR to start from 1st April 2017: Tax Of.. 09 Jan 2017 | 10:37 | Dion Global

    The tax department has said that tax anti-avoidance rule GAAR will kick in from April 1, 2017. ...more...

  • Demonetization to have significant impact.. 09 Jan 2017 | 10:21 | Dion Global

    According to a chamber report, the Centre's demonetisation drive will have a "significant impac...more...

  • Market turns focus to quarterly earnings,.. 09 Jan 2017 | 07:56 | Dion Global

    Quarterly earnings from frontline companies -- TCS and Infosys, to begin with -- and release of mac...more...

  • Aadhaar compulsory for MGNREGS work from .. 09 Jan 2017 | 07:54 | Dion Global

    Beginning April 1, people living in rural areas need to have Aadhaar under Mahatma Gandhi National ...more...

  • 7.1% GDP estimate erroneous, says Icra 09 Jan 2017 | 07:52 | Dion Global

    The advance estimate of 7.1 per cent GDP released by Central Statistical Organisation (CSO), will h...more...

  • MUDRA loan disbursals take a hit due to d.. 09 Jan 2017 | 07:51 | Dion Global

    Loan disbursals by Micro Units Development and Refinance Agency (MUDRA) slowed down in the third qu...more...

  • PAN number must for excise, service taxpa.. 09 Jan 2017 | 07:50 | Dion Global

    The tax department has made it mandatory for central excise duty and service taxpayers to obtain a ...more...

DOW Jones19827.250.48%
Nasdaq5555.330.28%
S&P 5002271.310.34%
Nikkei 22519137.910.34%
Hang Seng22885.91-0.71%
Shanghai Composite3123.140.70%
Sensex27034.5-1.00%
NSE Index8349.35-1.01%
BSE Auto 21250.41-0.96%
BSE CARBONEX1400.24-1.02%
BSE CPSE 1605-1.66%
BSE GREENEX 2397.12-1.35%

Commodity

Gold29024-0.10%
Silver40983-0.29%
Copper392.350.11%
Crude Oil35020.92%
Mentha Oil1119.6-0.91%
Lead157.2-0.38%
Nickel662.7-3.18%

Currency

USD/INR 68.05(-0.05 %)
GBP/INR 84.18(0.06 %)
EUR/INR 72.86(0.17 %)
JPY/INR 0.59(-0.03 %)
CAD/INR 51.05(-0.08 %)
HKD/INR 8.78(-0.03 %)