Spectrum auction on Day 4 ended with a meagre addition of Rs 2,531 crore, taking total bids to over Rs 63,500 crore as almost 60 percent of airwaves, including the premium 4G bands of 700 Mhz and 900 Mhz, remained unsold.
The government is keeping a close watch on prices of sugar, pulses and edible oils to check hoarding and ensure adequate availability in the market in the festival season, Food Minister Ram Vilas Paswan said Wednesday.
Contrary to the perception of stunted growth in job openings or salaries, there is buoyancy in the economy when it comes to spending as one-third of the population is expected to go in for high-value items this festive season, says a survey.
Government will not change a domestic gas price formula which was set up in 2014, Oil Minister Dharmendra Pradhan said on Wednesday.
States have started scouting for tax consultants to advise them on technical aspects of the goods and services tax (GST), which is planned to be rolled out from April next year.
Automation threatens 69 percent of the jobs in India and 77 percent in China, according to a World Bank research which says technology could "fundamentally disrupt" the pattern of traditional economic path in developing countries.
Services grew slowly in September as pace of new orders moderated amid competitive pressure and unfavourable weather conditions, says a survey.
Haryana Finance Minister Abhimanyu has said the state government employees will soon get the benefit of the 7th Pay Commission as the committee constituted for its implementation will submit its report by October 20.
The Department of Personnel has released an office memorandum wherein it stated that there shall be one minimum promotion for every 10 years till 30 years of service.
Consumers of Petrol will have to face a second petrol price hike in less than a week. Consequent to the increase in dealer's commission on petrol and diesel, it has been decided to hike petrol and diesel prices, IOC said in a statement. The dealer commission as well as retail price hike will be effective from midnight October 4.
Spectrum auction received additional bids worth Rs 3,100 crore on the third day Tuesday to take total commitments to Rs 59,981 crore, leaving two-thirds of total quantum of on-offer airwaves unsold as bidders stayed away from high-cost 700 Mhz and 900 Mhz bands.
Know the key highlights of RBI's fourth bi-monthly monetary policy statement, 2016-17.
The Reserve Bank on Tuesday warned of risks to growth next year due to muted private investments and weak global demand coupled with geopolitical risks, but sounded optimistic on meeting the Parliament-mandated inflation target of 2-6 percent in the current financial year.
India's GDP growth will remain strong at 7.6 percent in 2016 and 7.7 percent in 2017, the World Bank has said, attributing it to increasingly positive contributions from exports and a recovery of private investment in the medium term.
Finance Minister Arun Jaitley has expressed confidence that any economic impact arising from recent tensions with Pakistan and incidents like the surgical strikes undertaken by Indian special forces will be "extremely marginal".
Government has decided to delay the report on revised allowances till November following the surgical strikes that India carried out on seven terror launch pads across the LoC.
Spectrum auction appeared to slow down on Day 2 with total bids advancing to Rs 56,872 crore mainly due to demand for widely-used 1800 Mhz band but premium 700 Mhz and 900 Mhz bands found no takers even on Monday.
A whopping Rs 8,186 crore, illegally kept in offshore banks by Indians, has been brought under the tax ambit despite constraints like non-sharing of information by Swiss authorities, the Centre told the Supreme Court Monday.
Ratings firm Crisil on Monday predicted a strong boost to India`s domestic consumption in 2016-17 led by implementation of 7th pay panel`s recommendations, with reforms like the Goods and Services Tax (GST) to benefit the uptick.
Income Tax Department Monday said "strict confidentiality" will be maintained about the identity of persons who have disclosed black money during the 4-month window under the Income Declaration Scheme (IDS).