Economy News

Banks confused on biometric use post Aadhaar verdict: Ex-RBI Governor

Banks confused on biometric use post Aadhaar verdict: Ex-RBI Governor

The apex court has declared the Aadhaar scheme constitutionally valid, striking down some of its provisions.

Jan 22, 2019, 17:55 PM IST
Exporters may get incentives based on R&D, specific clusters under new FTP

Exporters may get incentives based on R&D, specific clusters under new FTP

The commerce ministry is working on recasting the existing export incentive schemes in line with the global trade norms of the World Trade Organisation (WTO).

Jan 22, 2019, 16:25 PM IST
Government to shift financial year to January-December, announcement likely soon

Government to shift financial year to January-December, announcement likely soon

The move is aimed to align it with the agriculture production cycle.

Jan 22, 2019, 15:41 PM IST
Govt may impose anti-dumping duty on certain type of Malaysian glass for 5 years

Govt may impose anti-dumping duty on certain type of Malaysian glass for 5 years

The glass is used as a component in solar photovoltaic panels and solar thermal applications.

Jan 22, 2019, 12:28 PM IST
Farm-loan waivers to hit states fiscal deficit targets: Report

Farm-loan waivers to hit states fiscal deficit targets: Report

India Ratings expects the states' revenue account on aggregate to clock a deficit of 0.5 percent of GDP in FY20 due to a higher growth in revenue spends than revenue receipt.

Jan 22, 2019, 12:21 PM IST
RBI proposes to relax norms for new players' entry in retail payment

RBI proposes to relax norms for new players' entry in retail payment

The RBI has been issuing guidelines for various payment systems and grants authorisation to non-banks for setting up and operating payment systems.

Jan 22, 2019, 12:20 PM IST
12 states grew faster than pace the national economy in 2018: Report

12 states grew faster than pace the national economy in 2018: Report

The report said that the growth however has not been equitable.

Jan 22, 2019, 10:54 AM IST
India to be global growth leader in 2019-20, expected to grow by 7.5%: IMF

India to be global growth leader in 2019-20, expected to grow by 7.5%: IMF

India will continue to be the world`s fastest growing major economy, the report said.

Jan 22, 2019, 10:47 AM IST
12 large state failed on jobs, despite faster growth: Crisil

12 large state failed on jobs, despite faster growth: Crisil

The Crisil report comes in the immediate backdrop of a report by the independent think-tank Centre for Monitoring Indian Economy which said as many as 1.1 crore jobs were lost in 2018 alone.

Jan 22, 2019, 10:44 AM IST
Prices of petrol and diesel go further up, check out latest rates in major cities

Prices of petrol and diesel go further up, check out latest rates in major cities

Petrol price had touched a record high of Rs 84 per litre in Delhi and Rs 91.34 in Mumbai on October 4.

Jan 22, 2019, 08:26 AM IST
Finance Minister Arun Jaitley to return from US to present Interim Budget

Finance Minister Arun Jaitley to return from US to present Interim Budget

This will be the sixth consecutive Budget to be presented by Jaitley.

Jan 21, 2019, 14:12 PM IST
Printing of documents for Budget 2019 begins with halwa ceremony

Printing of documents for Budget 2019 begins with halwa ceremony

The Budget is scheduled to be unveiled in Parliament on February 1.

Jan 21, 2019, 12:11 PM IST
Fuel prices witness sharp rise, continue upward trend for fifth straight day

Fuel prices witness sharp rise, continue upward trend for fifth straight day

The rise in prices comes amidst the revision of global crude oil prices owing to a possible stifling of supply in the near future.

Jan 21, 2019, 11:06 AM IST
Wealth of richest 9 Indians equivalent to bottom 50% of population: Oxfam study

Wealth of richest 9 Indians equivalent to bottom 50% of population: Oxfam study

The findings of the study were released before the start of the five-day World Economic Forum (WEF) Annual Meeting in Davos.

Jan 21, 2019, 07:32 AM IST
India likely to surpass UK in largest economy rankings of 2019: PwC report

India likely to surpass UK in largest economy rankings of 2019: PwC report

PwC's annual Global Economy Watch projects real GDP growth in 2019 of 7.6 percent for India

Jan 20, 2019, 20:35 PM IST
Fuel prices go up; petrol sold at Rs 70.95/litre in Delhi, Rs 76.58/ litre in Mumbai

Fuel prices go up; petrol sold at Rs 70.95/litre in Delhi, Rs 76.58/ litre in Mumbai

The fuel prices on Sunday went further up, with petrol being sold at Rs 70.95 per litre and diesel is at Rs 65.45 per litre in the national capital. In Mumbai, the prices of petrol and diesel are Rs

Jan 20, 2019, 08:47 AM IST
Delhi-Mumbai new Rajdhani train to be flagged off on Saturday – Schedule, halts and more

Delhi-Mumbai new Rajdhani train to be flagged off on Saturday – Schedule, halts and more

It will have one first AC, three AC 2-tier, 8 AC 3-tier and a pantry car.

Jan 18, 2019, 15:25 PM IST
9th Vibrant Gujarat Summit 2019: Full text of PM Narendra Modi’s speech

9th Vibrant Gujarat Summit 2019: Full text of PM Narendra Modi’s speech

Addressing investors at the Vibrant Gujarat Summit, Modi said India is ready for biz as never before.

Jan 18, 2019, 15:05 PM IST
Vibrant Gujarat Summit 2019: PM Modi eyes top 50 slot for India in ease of doing business, says 'still not satisfied'

Vibrant Gujarat Summit 2019: PM Modi eyes top 50 slot for India in ease of doing business, says 'still not satisfied'

Modi said the government will continue with the pace of reforms and deregulation.

Jan 18, 2019, 13:50 PM IST
RBI-industry meet: India Inc pitches for rate cut to prop up growth

RBI-industry meet: India Inc pitches for rate cut to prop up growth

Suggestions come ahead of the sixth bi-monthly monetary policy statement for 2018-19 scheduled to be announced on February 7.

Jan 18, 2019, 10:35 AM IST