Economy News

Indian e-commerce grew 17% to $38.5 billion in FY 2018-19: Report

Indian e-commerce grew 17% to $38.5 billion in FY 2018-19: Report

It was USD 33 billion in 2017-18.

Dec 17, 2018, 18:17 PM IST
India's FDI increased to $60.97 billion in 2017-18

India's FDI increased to $60.97 billion in 2017-18

To boost the investment environment and to bring in foreign investments in the country, the government had brought in FDI related reforms and liberalized various sectors of the economy.

Dec 17, 2018, 17:00 PM IST
UTSONMOBILE app for booking unreserved train tickets: How to book, benefits and more

UTSONMOBILE app for booking unreserved train tickets: How to book, benefits and more

The UTSONMOBILE app also allows passengers to cancel their tickets, change user profile, track booking history among many interesting features.

Dec 17, 2018, 16:51 PM IST
DoT expects to complete due process for 5G spectrum auction by August

DoT expects to complete due process for 5G spectrum auction by August

The 5G committee of the telecom ministry has said about 6,000 Mhz of spectrum can be made available without delay for the next generation mobile service.

Dec 17, 2018, 15:02 PM IST
Government meddling in RBI could undermine India's financial stability: S&P Global

Government meddling in RBI could undermine India's financial stability: S&P Global

S&P`s lead global sovereign analyst said last week that India`s 7 percent annual growth would be enough to keep the Indian government`s investment grade BBB- rating stable.

Dec 17, 2018, 14:24 PM IST
Board agrees to further examine RBI governance framework in crucial meeting

Board agrees to further examine RBI governance framework in crucial meeting

This is the first board meeting chaired by Das, who took over as the 25th governor Wednesday after the surprise resignation of Urjit Patel Monday.

Dec 14, 2018, 17:20 PM IST
Govt doesn't comment on views of ex-RBI chiefs on demo, GST expressed before media: FM

Govt doesn't comment on views of ex-RBI chiefs on demo, GST expressed before media: FM

Jaitley further said after the structural reform of GST had been introduced in a record time, the economic growth bounced back vigorously.

Dec 14, 2018, 17:16 PM IST
Reduce number, weight of government mandates for PSBs: Rajan

Reduce number, weight of government mandates for PSBs: Rajan

He further said public sector banks still not adequately professionalised and there is a need to substantially improve risk management.

Dec 14, 2018, 15:39 PM IST
WPI inflation falls to 4.64% in November on softening food prices

WPI inflation falls to 4.64% in November on softening food prices

The Wholesale Price Index (WPI)-based inflation stood was 5.28 percent in October and 4.02 percent in November last year.

Dec 14, 2018, 15:33 PM IST
Operational independence of central banks important: IMF on RBI

Operational independence of central banks important: IMF on RBI

The International Monetary Fund (IMF) on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.

Dec 14, 2018, 08:43 AM IST
Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

Due to subdued market conditions, banks have been unable to raise enough funds from the markets so far.

Dec 13, 2018, 17:42 PM IST
New RBI Governor Das to steer first central board meet Friday

New RBI Governor Das to steer first central board meet Friday

Given the current structure, the central board plays advisory role but there is growing clamour to make it operational and have greater participation in key decisions of the central bank.

Dec 13, 2018, 17:33 PM IST
Indian Railways to install aircraft-like black box systems in trains

Indian Railways to install aircraft-like black box systems in trains

Rs 100 crore has been allocated by the railways for installing it.

Dec 13, 2018, 12:56 PM IST
Industrial output growth fastest in 11 months at 8.1% in October

Industrial output growth fastest in 11 months at 8.1% in October

During the April-October period, industrial output grew 5.6 percent as compared to 2.5 percent in the same period of the previous fiscal.

Dec 13, 2018, 12:43 PM IST
Industry in agreement on need to cut levies, streamline GST issues: COAI

Industry in agreement on need to cut levies, streamline GST issues: COAI

In the letter dated November 27, the COAI also demanded regulatory levies like spectrum payment, licence fee and spectrum usage charges be exempt from GST levy.

Dec 13, 2018, 12:33 PM IST
Industrial output sets tone for robust economic growth: India Inc on IIP data

Industrial output sets tone for robust economic growth: India Inc on IIP data

CII Director General Chandrajit Banerjee said IIP data augurs well for the narrative of economic strengthening, going forward.

Dec 13, 2018, 12:32 PM IST
Retail inflation drops to one-and-half year low of 2.33% in November

Retail inflation drops to one-and-half year low of 2.33% in November

Retail inflation stood at 4.88 percent in November 2017.

Dec 12, 2018, 18:14 PM IST
India's November retail inflation eases to 2.33%, October IIP at 8.1%

India's November retail inflation eases to 2.33%, October IIP at 8.1%

Driven by softer food prices India`s retail inflation rate eased to 2.33 percent in November.

Dec 12, 2018, 17:40 PM IST
Will uphold autonomy of RBI, says new Governor Shaktikanta Das

Will uphold autonomy of RBI, says new Governor Shaktikanta Das

Das, who becomes 25th governor of the RBI, is a former IAS officer of Tamil Nadu cadre.

Dec 12, 2018, 16:21 PM IST
Government hikes MSPs of 22 agricultural crops, FRP for Sugarcane

Government hikes MSPs of 22 agricultural crops, FRP for Sugarcane

In addition, MSP for Toria and De-Husked coconut is also fixed on the basis of MSPs of Rapeseed/Mustard and Copra respectively.

Dec 12, 2018, 15:40 PM IST