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Economy News

  • Bank strike on Aug 22 to protest against .. 17 Aug 2017 | 17:30 | Dion Global

    United Forum of Banking Unions (UFBU), the umbrella body of trade unions in the banking sector, has...more...

  • RBI to hold rates for a while before anot.. 17 Aug 2017 | 17:02 | Dion Global

    A report has said that inflation numbers have risen as expected and the Reserve Bank will go in for...more...

  • RBI still has room to slash key rate in c.. 17 Aug 2017 | 16:59 | Dion Global

    The Reserve Bank still has room to cut the key policy rate in the current fiscal, veteran banker Na...more...

  • Forex reserve may cross $400-bn mark by f.. 17 Aug 2017 | 16:41 | Dion Global

    If the present pace of dollar accretion to the forex kitty continues, which crossed past the USD 39...more...

  • Forex reserve may cross $400-bn mark by f.. 17 Aug 2017 | 16:41 | Dion Global

    If the present pace of dollar accretion to the forex kitty continues, which crossed past the USD 39...more...

  • Crude oil opens new vistas in India-US re.. 17 Aug 2017 | 16:07 | Dion Global

    India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan an...more...

  • Crude oil opens new vistas in India-US re.. 17 Aug 2017 | 16:07 | Dion Global

    India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan an...more...

  • CPI, WPI to accelerate further in coming .. 17 Aug 2017 | 15:10 | Dion Global

    A Morgan Stanley report has said that retail and wholesale inflation accelerated in July and the up...more...

  • CPI, WPI to accelerate further in coming .. 17 Aug 2017 | 15:10 | Dion Global

    A Morgan Stanley report has said that retail and wholesale inflation accelerated in July and the up...more...

  • NE states to get tax exemption till March.. 17 Aug 2017 | 14:06 | Dion Global

    The Indian Government has said that industries in the north eastern and Himalayan states will conti...more...

  • NE states to get tax exemption till March.. 17 Aug 2017 | 14:06 | Dion Global

    The Indian Government has said that industries in the north eastern and Himalayan states will conti...more...

  • India signs $24.64 mn GEF Grant pact with.. 17 Aug 2017 | 10:59 | Dion Global

    A Grant Agreement from the Global Environment Facility (GEF) of the World Bank of USD 24.64 million...more...

  • Govt approves creation of a single corpus.. 17 Aug 2017 | 10:45 | Dion Global

    The Union Cabinet, chaired by the Prime Minister Narendra Modi, has accorded its approval for creat...more...

  • Cabinet approves MoU with Sweden on IPRs 17 Aug 2017 | 10:42 | Dion Global

    The Union Cabinet on Wednesday gave its approval to the Memorandum of Understanding (MoU) between I...more...

  • Armed Forces get Cabinet nod for creation.. 17 Aug 2017 | 10:34 | Dion Global

    The Union Cabinet on Wednesday gave its approval for creating of 7 posts of Principal Director and ...more...

  • CCEA approves norms for strategic disinve.. 17 Aug 2017 | 10:25 | Dion Global

    The Cabinet Committee on Economic Affairs on Wednesday approved the proposal of Department of Inves...more...

  • PSUs' overwhelming presence holding b.. 17 Aug 2017 | 01:12 | Dion Global

    The overwhelming presence of public sector is holding back the Indian economy, Morgan Stanley's...more...

  • Revenue dept's probes source of data .. 17 Aug 2017 | 01:07 | Dion Global

    Finance Minister Arun Jaitley said ongoing probes of and notices to depositors of unexplained money...more...

  • India’s exports grow by 3.94% to $ .. 16 Aug 2017 | 17:02 | Dion Global

    According to official data, India's export grew by 3.94 per cent on a yearly basis to USD 22.54...more...

  • Daily use items exempted from e-way bill .. 16 Aug 2017 | 16:01 | Dion Global

    The Indian Government has said that LPG, kerosene, jewellery and currency are among the common use ...more...

  • Startups must develop sustainable biz pla.. 16 Aug 2017 | 14:22 | Dion Global

    Developing stronger and sustainable business plans will help startups in receiving PE/VC (private e...more...

  • High GST may taper leasing industry growth 16 Aug 2017 | 11:11 | Dion Global

    The estimated Rs 5500 crore capital good leasing sector growing at 15-20 per cent may get tapered d...more...

  • CII pledges partnership for India@75: Sho.. 16 Aug 2017 | 10:43 | Dion Global

    Shobana Kamineni, President, CII, has said that India@75 campaign launched in 2008 is in line with ...more...

  • GeM SPV and CII sign MoU to launch GeMSam.. 16 Aug 2017 | 10:36 | Dion Global

    The Government eMarketplace (GeM) SPV and the Confederation of Indian Industry (CII) on Monday sing...more...

  • FICCI expects more accommodative stance i.. 16 Aug 2017 | 10:29 | Dion Global

    Apex industry body FICCI has said that it expects more accommodative stance in the monetary policy ...more...

  • Mindset of staff manning customer service.. 16 Aug 2017 | 10:25 | Dion Global

    Be it a post office, not in some remote area but in big cities of Mumbai and Delhi, or a public sec...more...

  • PM launches website to honour gallantry a.. 16 Aug 2017 | 10:20 | Dion Global

    The Prime Minister, Narendra Modi, on Tuesday launched a new website to honour all the gallantry aw...more...

  • Sick PSUs closure have gone 'very wel.. 16 Aug 2017 | 00:46 | Dion Global

    Outgoing Niti Aayog Vice Chairman Arvind Panagariya has said the closure of 18-20 sick public secto...more...

  • GST rollout improves business efficiency .. 16 Aug 2017 | 00:44 | Dion Global

    The abolition of inter-state check posts after the implementation of GST has reduced time for movem...more...

  • Investments key to ensure growth in the c.. 16 Aug 2017 | 00:27 | Dion Global

    Investments, especially in the manufacturing sector, is the key to ensure sustained growth in the c...more...

  • Gold imports jump over 2-fold to $13.35 b.. 16 Aug 2017 | 00:22 | Dion Global

    India's gold imports more than doubled to USD 13.35 billion during the April-July period of the...more...

  • India's real GDP growth to avg at 7.4.. 16 Aug 2017 | 00:15 | Dion Global

    India's growth momentum will get stronger with revival in private investment cycle and real GDP...more...

  • CAD to remain manageable at 1.2% of GDP i.. 16 Aug 2017 | 00:12 | Dion Global

    India has become less vulnerable to external risks and its current account deficit (CAD) is expecte...more...

  • FPI inflow dips to USD 2 bn in June qtr 14 Aug 2017 | 17:26 | Dion Global

    Investment by foreign investors in the Indian equity markets sharply declined to USD 2.12 billion i...more...

  • GST rate of 3% on gold very low: Subraman.. 14 Aug 2017 | 17:07 | Dion Global

    Chief Economic Advisor Arvind Subramanian has said that the Goods and Services Tax (GST) rate of 3 ...more...

  • Industry sees room for more rate cuts as .. 14 Aug 2017 | 16:35 | Dion Global

    India Inc today said there is room for further rate cut by the RBI to boost investments from privat...more...

  • Economy on verge of entering strongest gr.. 14 Aug 2017 | 16:03 | Dion Global

    A report has said that the Indian economy is at the cusp of entering its strongest growth phase and...more...

  • 'Additional Rs 6,399-bn investment ne.. 14 Aug 2017 | 15:19 | Dion Global

    An additional investment of Rs 6,399 billion is required from both public and private sectors to en...more...

  • FM chairs meeting on FDI policy 14 Aug 2017 | 15:17 | Dion Global

    Finance Minister Arun Jaitley chaired a meeting to review foreign direct investment (FDI) policy in...more...

  • WPI inflation rises sharply to 1.88% in J.. 14 Aug 2017 | 14:40 | Dion Global

    Wholesale inflation rose to 1.88 per cent in July as prices of some commodities increased in the fi...more...

  • RBI sets rupee reference rate at 64.0253 .. 14 Aug 2017 | 14:38 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 64.0253 against the US dol...more...

  • NPA resolution on right track: Panagariya 14 Aug 2017 | 12:07 | Dion Global

    Niti Aayog has said that resolution of bad loans in the banking system is on right track and will o...more...

  • Govt to amend cost audit rules under comp.. 14 Aug 2017 | 11:20 | Dion Global

    The government will amend the cost audit rules under the companies law in order to ensure parity be...more...

  • 'Converge all skill development schem.. 14 Aug 2017 | 11:17 | Dion Global

    Various skill development schemes under the administrative control of different ministries should b...more...

  • Reforms in states, more infra to counter .. 14 Aug 2017 | 11:12 | Dion Global

    With industrial output showing contraction for the first time in the current fiscal, India Inc call...more...

  • Pool all skill development schemes under .. 14 Aug 2017 | 11:06 | Dion Global

    The Union Government should take core elements of skill development from various ministries and poo...more...

  • Economic survey reflects optimism and anx.. 14 Aug 2017 | 11:04 | Dion Global

    Reacting to the second volume of Economic Survey 2016-17, Chandrajit Banerjee, Director General, CI...more...

  • RBI launches survey on Computer Software .. 14 Aug 2017 | 10:47 | Dion Global

    The Reserve Bank of India on Friday said it has launched the 2016-17 round of its Survey on Compute...more...

  • Bank notes printed with best quality, sec.. 14 Aug 2017 | 10:47 | Dion Global

    Clearing the air on speculation over quality control measures in currency note printing, the Reserv...more...

  • Govt to amend cost audit rules under comp.. 14 Aug 2017 | 07:56 | Dion Global

    The government will amend the cost audit rules under the companies law in order to ensure parity be...more...

  • Inflation data, geopolitical developments.. 14 Aug 2017 | 07:53 | Dion Global

    Inflation data and developments arising from simmering tension between the US and North Korea will ...more...

  • FPIs stay bullish on debt, pump in Rs 10,.. 14 Aug 2017 | 07:53 | Dion Global

    Foreign investors have pumped in over Rs 10,000 crore in the Indian debt markets this month so far,...more...

  • 9 of 10 most valued firms lose Rs 1,05,35.. 14 Aug 2017 | 07:52 | Dion Global

    The combined market valuation of nine of the top 10 most valued Indian companies plummeted by Rs 1,...more...

  • RBI policy rate can come down by 25-75 bp.. 11 Aug 2017 | 17:24 | Dion Global

    With inflation ruling low, there is scope for reducing RBI's key policy rate by 25-75 basis poi...more...

  • Savings bank rate cut to spur competition.. 11 Aug 2017 | 17:02 | Dion Global

    India Ratings and Research (Ind-Ra) has said that the beginning of reduction in savings bank rate b...more...

  • Govt taking expeditious action against sh.. 11 Aug 2017 | 15:51 | Dion Global

    Speedy steps are being taken against shell companies but a balance needs to be maintained between t...more...

  • NSE to auction investment limit for govt,.. 11 Aug 2017 | 14:01 | Dion Global

    The National Stock Exchange (NSE) today said it will auction investment limits for overseas investo...more...

  • RBI sets rupee reference rate at 64.1693 .. 11 Aug 2017 | 13:43 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 64.1693 against the US dol...more...

  • Achieving high end of 6.75-7.5% growth di.. 11 Aug 2017 | 13:06 | Dion Global

    Achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult due t...more...

  • Centre's expenditure to touch Rs 26 l.. 11 Aug 2017 | 11:55 | Dion Global

    The total expenditure of the central government is likely to touch Rs 26 lakh crore in 2019-20, up ...more...

  • RBI issues final guidelines for tri-party.. 11 Aug 2017 | 10:36 | Dion Global

    The Reserve Bank issued the final guidelines on tri-party repo transactions as part of its attempt ...more...

  • RBI dividend to govt halves to Rs 30,659 .. 11 Aug 2017 | 00:54 | Dion Global

    The Reserve Bank has halved its dividend payout to the government to Rs 30,659 crore for the fiscal...more...

  • June IIP to be anaemic at 0.3% on GST des.. 10 Aug 2017 | 16:21 | Dion Global

    India's industrial production is expected to be "anaemic" 0.3 per cent for June, partly on acco...more...

  • 'Casual Taxpayer' registration go.. 10 Aug 2017 | 16:05 | Dion Global

    GST Network said it has started the facility for registration of casual taxpayers -- those who cond...more...

  • Cos raise Rs 2.2 lakh cr via debt placeme.. 10 Aug 2017 | 14:38 | Dion Global

    Indian companies raised more than Rs 49,000 crore through private placement of corporate bonds in J...more...

  • RBI sets rupee reference rate at 63.9437 .. 10 Aug 2017 | 14:33 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 63.9437 against the US dol...more...

  • RBI sets rupee reference rate at 63.9437a.. 10 Aug 2017 | 14:33 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 63.9437 against the US dol...more...

  • Variety of GST rates still a challenge: R.. 10 Aug 2017 | 14:07 | Dion Global

    Former RBI Deputy Governor Rakesh Mohan has said that the GST rollout was a huge task achieved afte...more...

  • Wouldn’t have approved demonetizati.. 10 Aug 2017 | 11:09 | Dion Global

    Former Reserve Bank of India (RBI) Governor Bimal Jalan has said that he would not have approved de...more...

  • GST to lead to rise in GDP in next 6 mont.. 10 Aug 2017 | 10:34 | Dion Global

    Industrialist Adi Godrej has said that the Goods and Services Tax (GST) will lead to considerable i...more...

  • More Indians now using online banking ser.. 10 Aug 2017 | 10:24 | Dion Global

    A new survey has said that more Indians are now using a mobile banking app or going online rather t...more...

  • Direct tax revenue grows 19% in Apr-July .. 10 Aug 2017 | 00:11 | Dion Global

    Direct tax collection registered a steady growth of 19.1 per cent in the first four months of the c...more...

  • Govt expenditure up 27% in Q1 FY18: FM 09 Aug 2017 | 17:01 | Dion Global

    The Indian Government has said that its expenditure went up 27 per cent in April-June of the curren...more...

  • 99 FDI proposals pending in various minis.. 09 Aug 2017 | 16:59 | Dion Global

    As many as 99 foreign direct investment (FDI) proposals were pending in various ministries and depa...more...

  • GST Network starts facility for return fi.. 09 Aug 2017 | 16:01 | Dion Global

    The Indian Government has said that businesses can start filing their first tax return under the ne...more...

  • RBI sets rupee reference rate at 63.7491 .. 09 Aug 2017 | 14:22 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 63.7491 against the US dol...more...

  • Govt notifies timeline for filing of tax .. 09 Aug 2017 | 14:12 | Dion Global

    The government has notified the timeline for furnishing final tax returns for July and August under...more...

  • Agri sector gets Rs 354.77 cr FDI in Apri.. 09 Aug 2017 | 11:26 | Dion Global

    India's farm sector received foreign direct investment (FDI) worth Rs 354.77 crore during April...more...

  • RBI asks banks to conduct periodical vuln.. 09 Aug 2017 | 10:51 | Dion Global

    The Finance Ministry has said that cyber security preparedness is a continuous activity and the RBI...more...

  • GST rollout lowers overall tax burden: Ni.. 09 Aug 2017 | 00:28 | Dion Global

    Niti Aayog Vice-Chairman designate Rajiv Kumar said the implementation of GST has brought down over...more...

  • New Rs 500, 2000 notes have unique dimens.. 08 Aug 2017 | 17:13 | Dion Global

    The government today asserted that the new 500 and 2,000 rupee notes have single unique dimension, ...more...

  • PSBs write off Rs 2.5 lakh cr loans in la.. 08 Aug 2017 | 17:03 | Dion Global

    According to RBI data, public sector banks have written off nearly Rs 2.5 lakh crore loans in the l...more...

  • FICN of face value Rs 2.55 cr seized post.. 08 Aug 2017 | 16:38 | Dion Global

    Fake Indian currency notes of face value of over Rs 2.55 crore, the maximum being in Gujarat, have ...more...

  • Firm rupee headwind for export, global de.. 08 Aug 2017 | 16:35 | Dion Global

    The rupee has seen significant appreciation this year and though this uptick is a headwind for expo...more...

  • India may levy anti-dumping duty on some .. 08 Aug 2017 | 15:58 | Dion Global

    The Indian Government has said that India may impose anti-dumping duty of up to USD 452.33 per tonn...more...

  • RBI sets rupee reference rate at 63.7382 .. 08 Aug 2017 | 14:15 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 63.7382 against the US dol...more...

  • Bank unions call for all-India strike on .. 08 Aug 2017 | 11:28 | Dion Global

    Bank employee unions have called for a nation-wide strike on August 22 to protest against privatisa...more...

  • Exporters facing trouble post introductio.. 08 Aug 2017 | 10:35 | Dion Global

    Engineering exporters' body EEPC India has said that the shipping companies are facing difficul...more...

  • India, Peru to start FTA negotiations thi.. 08 Aug 2017 | 00:40 | Dion Global

    India and South American nation Peru would start formal negotiations for a proposed free trade agre...more...

  • India, Peru to start FTA negotiations thi.. 08 Aug 2017 | 00:40 | Dion Global

    India and South American nation Peru would start formal negotiations for a proposed free trade agre...more...

  • DeMo effect: ITR filings for 2016-17 grow.. 08 Aug 2017 | 00:35 | Dion Global

    The number of I-T returns filed for 2016-17 year grew by 25 per cent to 2.82 crore, as increased nu...more...

  • DeMo effect: ITR filings for 2016-17 grow.. 08 Aug 2017 | 00:35 | Dion Global

    The number of I-T returns filed for 2016-17 year grew by 25 per cent to 2.82 crore, as increased nu...more...

  • Govt employees need not visit bank to sta.. 07 Aug 2017 | 17:02 | Dion Global

    The Personnel Ministry has said that there is no need for central government employees to visit ban...more...

  • GST not responsible for manufacturing slo.. 07 Aug 2017 | 17:01 | Dion Global

    Niti Aayog has said that it's not reasonable to link GST with the slowdown in the manufacturing...more...

  • GST rollout has been very smooth: Finance.. 07 Aug 2017 | 16:02 | Dion Global

    Union Minister Arun Jaitley has said that the rollout of Goods and Services Tax (GST) was 'extr...more...

  • Indian Bank to bring down NPAs on better .. 07 Aug 2017 | 15:43 | Dion Global

    State-run Indian Bank has said that it is looking to bring down its gross non-performing assets to ...more...

  • RBI sets rupee reference rate at 63.7375 .. 07 Aug 2017 | 14:57 | Dion Global

    The Reserve Bank of India today fixed the reference rate of the rupee at 63.7375 against the US dol...more...

  • Moody's assigns Baa3 rating to EXIM I.. 07 Aug 2017 | 13:28 | Dion Global

    Moody's Investors Service, a global rating ageny, has assigned a Baa3 rating to the proposed US...more...

  • Banks may cut rates by 25 bps post RBI po.. 07 Aug 2017 | 12:52 | Dion Global

    Given the Reserve Bank's "dovish" policy move, banks are expected to cut lending rates by 25 ba...more...

  • Rise in rupee's external value hurtin.. 07 Aug 2017 | 11:25 | Dion Global

    Apex industry body The Associated Chambers of Commerce of India (ASSOCHAM) has said that higher ext...more...

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Commodity

Gold289890.92%
Silver389732.17%
Copper418.32.02%
Crude Oil3005-1.38%
Mentha Oil1359.11.30%
Lead157.852.60%
Nickel687.71.46%

Currency

USD/INR 64.13(-0.17 %)
GBP/INR 82.65(0.03 %)
EUR/INR 75.24(-0.18 %)
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HKD/INR 8.20(-0.17 %)

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