Economy News

 PM Narendra Modi aims to double Indian economy, eyes top 50 rank in 'ease of doing business'

PM Narendra Modi aims to double Indian economy, eyes top 50 rank in 'ease of doing business'

India has improved its ranking by 53 positions in the last two years and 65 places in four years since 2014

Nov 19, 2018, 22:14 PM IST
RBI board agrees to improve liquidity after marathon meet as government pressure mounts

RBI board agrees to improve liquidity after marathon meet as government pressure mounts

The Modi government has been pressuring the RBI to reduce capital ratios for banks to speed up loans to small businesses.

Nov 19, 2018, 20:43 PM IST
CAG report on demonetisation to be ready before Budget Session

CAG report on demonetisation to be ready before Budget Session

Apart from the audit report on demonetisation, the report on Goods and Services Tax is also due during the Budget Session.

Nov 19, 2018, 18:08 PM IST
HC grants time to UIDAI to file response on plea raising concern over Aadhaar data security

HC grants time to UIDAI to file response on plea raising concern over Aadhaar data security

The petition has contended that the breaches occurred due to "negligence and willful recklessness" on the part of UIDAI in adopting reasonable security measures to secure private information.

Nov 19, 2018, 18:05 PM IST
Reforms needed in WTO to support better global trade order: Suresh Prabhu

Reforms needed in WTO to support better global trade order: Suresh Prabhu

Prabhu said that without WTO, trade, economy will not expand as it is the only organization dealing with global rules of trade between nations.

Nov 19, 2018, 17:50 PM IST
Tripura reduces VAT on jet fuel to incentivise airline operations

Tripura reduces VAT on jet fuel to incentivise airline operations

Tripura's state exchequer would take a hit of Rs 1.2 crore annually following the decision.

Nov 19, 2018, 17:14 PM IST
Govt launches upgraded version of AirSewa 2.0 web portal, mobile app

Govt launches upgraded version of AirSewa 2.0 web portal, mobile app

The web portal and application will help to capture air travellers’ feedback for policy interventions.

Nov 19, 2018, 14:16 PM IST
Railways allows passengers to book unreserved tickets for Mahakumbh mela 15 days in advance

Railways allows passengers to book unreserved tickets for Mahakumbh mela 15 days in advance

This facility is only available to travel to 12 stations in Allahabad.

Nov 19, 2018, 13:49 PM IST
Rahul Gandhi has a `strong message` as crucial RBI board meeting with government begins

Rahul Gandhi has a `strong message` as crucial RBI board meeting with government begins

The RBI is also expected to consider a special dispensation for MSMEs and NBFCs which have been facing liquidity issues.

Nov 19, 2018, 11:06 AM IST
Fuel prices maintain downward momentum, petrol in Delhi at Rs 76.52 per litre

Fuel prices maintain downward momentum, petrol in Delhi at Rs 76.52 per litre

The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil.

Nov 19, 2018, 06:33 AM IST
Amid ongoing rift, RBI's board meeting likely to reach common ground on key issues on Monday

Amid ongoing rift, RBI's board meeting likely to reach common ground on key issues on Monday

The central board, headed by the RBI Governor, is expected to discuss issues mentioned in the agenda circulated to the board members in advance.

Nov 18, 2018, 23:57 PM IST
Fuel prices continue to dip; petrol at Rs 76.71 per litre in Delhi, Rs 82.23 in Mumbai

Fuel prices continue to dip; petrol at Rs 76.71 per litre in Delhi, Rs 82.23 in Mumbai

The decline in fuel prices continued on Sunday.

Nov 18, 2018, 09:35 AM IST
Fuel prices slide further: Petrol costs Rs 76.91/litre in Delhi, Rs 82.43 in Mumbai

Fuel prices slide further: Petrol costs Rs 76.91/litre in Delhi, Rs 82.43 in Mumbai

However, in August and September, the fuel prices were on a steady rise on the back of a spurt in international oil rates and depreciation in rupee value against the US dollar.

Nov 17, 2018, 08:41 AM IST
People's representative must get more decision-making power: Centre to RBI

People's representative must get more decision-making power: Centre to RBI

RBI board is scheduled to meet on Monday where the government is expected to push for easing of norms.

Nov 17, 2018, 00:11 AM IST
Australia takes India to WTO over sugar subsidies

Australia takes India to WTO over sugar subsidies

It means the issue will initially be discussed at the WTO's Committee on Agriculture meeting scheduled for later this month.

Nov 16, 2018, 16:59 PM IST
Trial run for India's first engineless semi-high speed Train 18 to be conducted tomorrow

Trial run for India's first engineless semi-high speed Train 18 to be conducted tomorrow

Train 18 is capable of touching 200 kmph.

Nov 16, 2018, 15:26 PM IST
Exports grow by 17.86% in October due to base effect; trade deficit widens

Exports grow by 17.86% in October due to base effect; trade deficit widens

The exports on monthly basis were down compared to USD 27.95 billion in September.

Nov 16, 2018, 10:56 AM IST
Economy would have collapsed but for demonetisation: S Gurumurthy

Economy would have collapsed but for demonetisation: S Gurumurthy

The government had demonetised old Rs 500 and Rs 1,000 notes on November 9, 2016.

Nov 16, 2018, 10:34 AM IST
Fuel prices continue to dip; petrol at Rs 77.10/ litre in Delhi, Rs 82.62 in Mumbai

Fuel prices continue to dip; petrol at Rs 77.10/ litre in Delhi, Rs 82.62 in Mumbai

The fuel prices have been witnessing a consistent dip since the last few weeks.

Nov 16, 2018, 06:52 AM IST
Fitch keeps India rating unchanged at 'BBB-' with a stable outlook

Fitch keeps India rating unchanged at 'BBB-' with a stable outlook

The rating was assigned to the country 12 years ago.

Nov 15, 2018, 17:48 PM IST