Economy News

Fiscal deficit touches 115% of FY target during April- November

Fiscal deficit touches 115% of FY target during April- November

The fiscal deficit, or gap between expenditure and revenue, stood at Rs 7.16 lakh crore during April-November of the current financial year, reflecting deterioration in public finances.

Dec 28, 2018, 13:04 PM IST
Govt infuses Rs 2159 crore in United Bank of India

Govt infuses Rs 2159 crore in United Bank of India

The Finance Ministry had informed the bank about the capital infusion on Wednesday (December 26), United Bank of India said in a regulatory filing.

Dec 28, 2018, 11:33 AM IST
Govt introduces MSP for 17 new items of minor forest produce; revises MSP for 23 items

Govt introduces MSP for 17 new items of minor forest produce; revises MSP for 23 items

The Ministry of Tribal Affairs, in a notification issued on Wednesday, asked all the state governments to bring these changes to the notice of state nodal agencies and the state implementing agencies

Dec 28, 2018, 11:02 AM IST
India’s fastest 'Train 18' to begin operations in January, run at curtailed speed

India’s fastest 'Train 18' to begin operations in January, run at curtailed speed

Train 18 will run at a curtailed speed of 130 kmph. Notably, the train a potential to run at a speed of up to 200 kmph.

Dec 27, 2018, 22:38 PM IST
Senior citizen, female passengers to get more reserved berths in trains

Senior citizen, female passengers to get more reserved berths in trains

For Rajdhani, Duronto and fully AC trains, 5 berths have been earmarked for 3AC and 4 berths for 2AC coaches.

Dec 27, 2018, 18:15 PM IST
RBI launches survey to capture retail payment habits in 6 cities

RBI launches survey to capture retail payment habits in 6 cities

For the purpose, the central bank has launched a 'Survey on Retail Payment Habits of Individuals (SRPHi)'.

Dec 27, 2018, 17:36 PM IST
Manufacturing sector posts strong sales growth in Q2: RBI

Manufacturing sector posts strong sales growth in Q2: RBI

The manufacturing sector continued to record strong growth in net profits, which received support from other income.

Dec 27, 2018, 17:35 PM IST
Bimal Jalan to head panel on RBI reserve; Rakesh Mohan to be vice chair

Bimal Jalan to head panel on RBI reserve; Rakesh Mohan to be vice chair

Former economic affairs secretary Rakesh Mohan will be the vice chairman.

Dec 27, 2018, 17:27 PM IST
7th Pay Commission: Maharashtra government to hike salary of nearly 20 lakh employees

7th Pay Commission: Maharashtra government to hike salary of nearly 20 lakh employees

The state treasury will have to bear an additional burden of Rs 20,000 crore.

Dec 27, 2018, 16:30 PM IST
2018, a year of 'many firsts' for Indian Railways

2018, a year of 'many firsts' for Indian Railways

The railways, in another first, is set to come up with an elliptical 40-km track between Jaipur and Phulera at an investment of around Rs 4 billion to conduct trials of its semi-high speed and high

Dec 27, 2018, 14:37 PM IST
Non-adherence to timelines under IBC a major concern, says govt official

Non-adherence to timelines under IBC a major concern, says govt official

The code, which became fully operational in December 2016, provides for a market-determined and time-bound insolvency resolution process.

Dec 27, 2018, 14:27 PM IST
It's official! Train 18 becomes the fastest train in India, runs at 180 kilometres per hour

It's official! Train 18 becomes the fastest train in India, runs at 180 kilometres per hour

The train with a Swanky interior and world-class facility boasts a host of passenger friendly amenities.

Dec 27, 2018, 11:46 AM IST
India eyes $100-bn FDI in next two years; Plans industrial clusters for some countries: Prabhu

India eyes $100-bn FDI in next two years; Plans industrial clusters for some countries: Prabhu

The commerce and industry minister said his ministry has also identified sectors and countries which holds huge potential for investments in India.

Dec 27, 2018, 11:31 AM IST
Petrol price touches new low in 2018 in Delhi at Rs 69.74 per litre

Petrol price touches new low in 2018 in Delhi at Rs 69.74 per litre

The prices of petrol and diesel witnessed another dip on Thursday, days after the prices of fuel touched a new low in the national capital.

Dec 27, 2018, 07:43 AM IST
New Rs 20 bank notes to be released soon

New Rs 20 bank notes to be released soon

The central bank has already issued new look currency notes in the denominations of Rs 10, Rs 50, Rs 100, and Rs 500, besides introducing Rs 200 and Rs 2,000 bank notes.

Dec 26, 2018, 15:16 PM IST
Banking operations affected as workers go on second nation-wide strike

Banking operations affected as workers go on second nation-wide strike

Last week, bank workers went on a strike called by the All India Bank Officers` Confederation (AIBOC).

Dec 26, 2018, 11:04 AM IST
Public sector banks to go on strike on Wednesday, services to be affected

Public sector banks to go on strike on Wednesday, services to be affected

This will be the second bank strike in less than a week. Private sector banks will continue to function as usual.

Dec 25, 2018, 18:30 PM IST
New RBI governor should follow his "dharma" to protect Autonomy: Rangarajan

New RBI governor should follow his "dharma" to protect Autonomy: Rangarajan

Das should work closely with the government on all the pressing issues, Rangarajan said.

Dec 24, 2018, 18:21 PM IST
Slowing GDP growth cause for concern: Kaushik Basu

Slowing GDP growth cause for concern: Kaushik Basu

Basu, the former World Bank chief economist, said distress has been "very much visible in the agriculture sector" as the "condition of farmers is bad".

Dec 24, 2018, 18:19 PM IST
Those who oppressed India with a 31% indirect tax must introspect: Jaitley defends GST from Congress

Those who oppressed India with a 31% indirect tax must introspect: Jaitley defends GST from Congress

In a detailed Facebook post, Jaitley said that the GST has been at the receiving end of a lot of ill-informed and motivated criticism.

Dec 24, 2018, 12:01 PM IST