Economy News

Cabinet approves up to Rs 10,540 cr soft loan to help sugar mills clear cane arrears

Cabinet approves up to Rs 10,540 cr soft loan to help sugar mills clear cane arrears

Government will bear the interest subvention cost between 7 – 10 percent to the extent of Rs 553 crore to Rs 1054 crore for one year.

Mar 01, 2019, 10:33 AM IST
Now, cancel air tickets within 24 hours of booking without any extra charge

Now, cancel air tickets within 24 hours of booking without any extra charge

However, beyond 24 hours of initial booking time, this option is not available.

Mar 01, 2019, 10:29 AM IST
India's GDP growth slows to 5-quarter low of 6.6% in Q3

India's GDP growth slows to 5-quarter low of 6.6% in Q3

The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 7 percent in October-December quarter of the previous financial year.

Feb 28, 2019, 17:57 PM IST
India's core sectors growth slows down to 1.8% in January

India's core sectors growth slows down to 1.8% in January

Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 6.2 percent in January 2018.

Feb 28, 2019, 17:22 PM IST
Digital payment for rail passengers to get easier as IRCTC launches iPay

Digital payment for rail passengers to get easier as IRCTC launches iPay

The option of IRCTC prepaid card-cum-wallet and auto debit shall also be available soon.

Feb 28, 2019, 16:24 PM IST
Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks: Jaitley

Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks: Jaitley

Since 2014-15, PSU banks have recovered Rs 2.87 lakh crore bad loans up till December 2018.

Feb 28, 2019, 16:12 PM IST
India completes Bilateral Swap Arrangement with Japan, gets access to $75 billion

India completes Bilateral Swap Arrangement with Japan, gets access to $75 billion

The arrangement was announced during Modi's visit to Japan in October last year.

Feb 28, 2019, 14:32 PM IST
Now view reservation chart, vacant berths online on IRCTC website

Now view reservation chart, vacant berths online on IRCTC website

Complete information of vacant berths from train source as well as intermediate locations will be available to the user.

Feb 28, 2019, 09:57 AM IST
Stand by spectrum pricing, industry decides tariff: Trai Chairman

Stand by spectrum pricing, industry decides tariff: Trai Chairman

Talking about low level of tariffs, Sharma said telecom services rates are under forbearance and it is telecom operators who fix tariffs.

Feb 27, 2019, 17:41 PM IST
Govt detects Rs 20,000 crore GST evasion in April-Feb FY'19

Govt detects Rs 20,000 crore GST evasion in April-Feb FY'19

Currently, GST has 4-tier slab of 5, 12, 18 and 28 per cent, while essential items are zero rated.

Feb 27, 2019, 16:18 PM IST
RBI lifts lending curbs on Allahabad Bank, Corporation Bank, Dhanlaxmi Bank; removes them from weak-bank watch list

RBI lifts lending curbs on Allahabad Bank, Corporation Bank, Dhanlaxmi Bank; removes them from weak-bank watch list

Private sector Dhanlaxmi Bank too has been taken out of the PCA Framework.

Feb 27, 2019, 10:17 AM IST
RBI proposes new compensation norms for top officials of private, foreign banks

RBI proposes new compensation norms for top officials of private, foreign banks

The Central Bank has also sought comments on the proposed guidelines from banks and other interested parties by March 31, 2019.

Feb 26, 2019, 15:40 PM IST
SBI Research pegs India's Q3 GDP at 6.6-6.7%

SBI Research pegs India's Q3 GDP at 6.6-6.7%

The yearly SBI composite index for February saw a marginally rise to 50.60 (a score of under 50 indicates negative growth).

Feb 26, 2019, 15:26 PM IST
Govt to use this mode of payment to give Rs 6,000 to marginal farmer under PM-KISAN scheme

Govt to use this mode of payment to give Rs 6,000 to marginal farmer under PM-KISAN scheme

The amount will be given in three installments of Rs.2000 each.

Feb 25, 2019, 16:24 PM IST
Rail Drishti dashboard: Indian Railway launches 15 user friendly sections for passengers

Rail Drishti dashboard: Indian Railway launches 15 user friendly sections for passengers

This dashboard can be accessed using a desktop/laptop or a mobile device.

Feb 25, 2019, 16:13 PM IST
Online dashboard to provide live feed of food being prepared in railway kitchens

Online dashboard to provide live feed of food being prepared in railway kitchens

The portal, Rail Drishti Dashboard, will also have information about movement of trains, freight and passenger earnings, stations and tickets.

Feb 25, 2019, 16:04 PM IST
Know how to check address change status on Aadhaar Card online

Know how to check address change status on Aadhaar Card online

While, substantial documents will be required by the authorities to validate your claims, no documents are required for mobile number change and gender correction.

Feb 25, 2019, 10:47 AM IST
Rupee gains 2 paise to 71.22 vs US dollar

Rupee gains 2 paise to 71.22 vs US dollar

Meanwhile, the benchmark BSE Sensex fell 56.40 points, or 0.16 per cent, to 35,841.95 in opening trade Friday.

Feb 22, 2019, 12:44 PM IST
GST Council defers decision on tax on real estate; extends deadline for sales returns till Feb 22

GST Council defers decision on tax on real estate; extends deadline for sales returns till Feb 22

The due date for filing summary sales return - GSTR-3B - is February 20.

Feb 20, 2019, 14:26 PM IST
Know the list of services where Aadhaar card is mandatory and not mandatory

Know the list of services where Aadhaar card is mandatory and not mandatory

Aadhaar will be mandatory for host of government schemes while there will be no need for compulsory linking of the biometric identification card with several other services.

Feb 20, 2019, 13:20 PM IST