Economy News

India remains fastest growing economy ahead of China despite up and downs

India remains fastest growing economy ahead of China despite up and downs

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth.

Jan 01, 2019, 13:45 PM IST
Railways announces over 13,000 jobs for Junior Engineers, DMS and CMA

Railways announces over 13,000 jobs for Junior Engineers, DMS and CMA

The last date of closing of online registration is January 31.

Jan 01, 2019, 12:56 PM IST
New GST rates kick in, host of goods and services to get cheaper from today

New GST rates kick in, host of goods and services to get cheaper from today

The government has notified reduction in GST rates on 23 goods and services, including movie tickets, TV and monitor screen.

Jan 01, 2019, 11:43 AM IST
New food standards to come into force from January 1: FSSAI

New food standards to come into force from January 1: FSSAI

New food standards, including for all pulses, organic food and honey, will come into force from Tuesday.

Jan 01, 2019, 07:52 AM IST
Oil prices edge up, but set for first annual drop since 2015

Oil prices edge up, but set for first annual drop since 2015

Oil prices edged higher on Monday, the last day of 2018, but were en route for their first annual drop in three years as fears of a slowing global economy and emerging supply glut outweighed

Jan 01, 2019, 07:47 AM IST
Subsidised LPG price cut by Rs 5.91 per cylinder; non-subsidised LPG rate reduced by Rs 120.50

Subsidised LPG price cut by Rs 5.91 per cylinder; non-subsidised LPG rate reduced by Rs 120.50

This is the second straight monthly reduction in LPG rate. 

Dec 31, 2018, 19:15 PM IST
Don't need RBI's reserves to meet fiscal deficit: Arun Jaitley

Don't need RBI's reserves to meet fiscal deficit: Arun Jaitley

India`s fiscal deficit for the eight months till November stood at Rs 7.17 lakh crore, which is 114.8 percent of the budgeted Rs 6.24 lakh crore.

Dec 31, 2018, 18:09 PM IST
Farm woes to take centrestage as poll battle looms

Farm woes to take centrestage as poll battle looms

During the year, the Centre did take several measures to address the farmers' issues.

Dec 31, 2018, 17:59 PM IST
Surging passenger numbers, policy promises dot turbulent skies in 2018

Surging passenger numbers, policy promises dot turbulent skies in 2018

In the new year, the government would focus on making flying "as good as possible", according to Civil Aviation Minister Suresh Prabhu.

Dec 31, 2018, 17:58 PM IST
Fund raising via NCD surges 3-fold to Rs 29,300-cr in 2018

Fund raising via NCD surges 3-fold to Rs 29,300-cr in 2018

NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible.

Dec 31, 2018, 17:57 PM IST
Petrol price cut to its lowest level in 2018, diesel rates at 9-month low

Petrol price cut to its lowest level in 2018, diesel rates at 9-month low

Diesel rates are at their lowest since March-end.

Dec 31, 2018, 10:05 AM IST
Over 6,000 officers of nationalised banks held responsible for bad loans in FY18: Arun Jaitley

Over 6,000 officers of nationalised banks held responsible for bad loans in FY18: Arun Jaitley

Penalties imposed against the erring officials include dismissal, compulsory retirement and demotion.

Dec 29, 2018, 08:01 AM IST
Govt mulls zero interest on timely crop loan repayment as new year gift

Govt mulls zero interest on timely crop loan repayment as new year gift

There is also a proposal to completely waive premium for taking insurance policy for food crops. The premium on horticultural crops could also be reduced, they said.

Dec 28, 2018, 17:50 PM IST
Prabhu seeks more funds from FinMin to increase incentives on onion exports

Prabhu seeks more funds from FinMin to increase incentives on onion exports

Minister of State for Defence Subhash Bhamre too has demanded hike in the reward rates.

Dec 28, 2018, 17:48 PM IST
I-T dept seizes Rs 992.5-crore assets in FY18

I-T dept seizes Rs 992.5-crore assets in FY18

The value of assets seized during the past two financial year is Rs 1,469.62 crore in 2016-17 and Rs 992.52 crore in 2017-18, Shukla said.

Dec 28, 2018, 17:37 PM IST
GST evasion worth Rs 38,896 crore detected during April-October

GST evasion worth Rs 38,896 crore detected during April-October

The government has detected GST evasion worth Rs 38,896 crore in 6,585 cases in the April-October period of 2018-19, Parliament was informed Friday.

Dec 28, 2018, 17:23 PM IST
Over 1.12 lakh MSME loan applications approved under '59 minutes' scheme

Over 1.12 lakh MSME loan applications approved under '59 minutes' scheme

GST-registered micro, small and medium enterprises (MSMEs) can take loan up to Rs 1 crore in just 59 minutes through 'psbloansin59minutes.Com' portal.

Dec 28, 2018, 17:22 PM IST
Govt hikes copra MSP by up to Rs 2,170 per quintal for 2018-19

Govt hikes copra MSP by up to Rs 2,170 per quintal for 2018-19

The approval is based on recommendations of the government's price advisory body Commission for Agricultural Costs and Prices (CACP).

Dec 28, 2018, 16:35 PM IST
Looking back: Business news maker in 2018

Looking back: Business news maker in 2018

Here's a recap of what happened in the business world in 2018.

Dec 28, 2018, 13:50 PM IST
RBI relaxes withdrawal limit for depositors of City Co-operative Bank

RBI relaxes withdrawal limit for depositors of City Co-operative Bank

Amid weakening of the financial position of the cooperative bank, the RBI in April had imposed several restrictions on it, including limiting the withdrawal by depositors to Rs 1,000.

Dec 28, 2018, 13:36 PM IST