Economy News

Need empirical research for people-centric policie..

Rigorous empirical research is needed to make good, people-centric policies, Vice President M. Venkaiah Naidu said on Thursday. He was addressing a gathering here afte..

Banks may require Rs 89,000 cr provisioning under ..

A report has said that banking sector may require up to Rs 89,000 crore of capital towards incremental provisioning for advances while transiting to the new accounting sy..

Indian GDP growth to clock 7% in FY19: HSBC

British lender HSBC has said that waning effects from the GST impact will help push the Indian GDP growth to 7 per cent in FY19. As per reports, the International Monetar..

India leads world in FinTech investment returns: U..

India is a dominant force in the financial technology sector globally with 29 per cent annual returns on investments, a report released by the City of London Corporation ..

GST collections pick up after falling for two stra..

After falling for two consecutive months, revenue collections under the Goods and Services Tax (GST) picked up and touched Rs 86,703 crore in December compared to Rs 80,8..

India, Singapore discuss economic ties, connectivi..

Economic and commercial ties and connectivity between India and Singapore were among the issues that came up for discussion when Prime Minister Narendra Modi met his Sing..

50 names announced for Prime Minister`s Shram awar..

The government on Thursday said the Prime Minister's Shram Awards for 2016 are to be awarded to 50 workers with departmental undertakings, public sector undertakings ..

Government to finalise anti-profiteering guideline..

The Indian Government has said that it is at the advanced stage of finalising anti-profiteering guidelines for judging parameters whereby benefits of reduced GST rates ar..

Lack of fresh stimulus dragged PSU banks` stocks o..

Lack of any fresh stimulus in the government's recaptilisation announcement led to poor performance of the public sector banks (PSB) on the domestic bourses on Thursd..

India seeing huge inflows into financial savings:C..

India is seeing a huge surge in the net inflows into financial savings and has reached nearly Rs 28 lakh crore in the last 18 months -- an amount equivalent to entire GDP..

58% banks report rise in NPAs in July-Dec: Survey

According to a report, the percentage of banks reporting a rise in non-performing assets (NPAs) in July-December last year has reduced significantly, indicating stability..

Government ensures Rs 1 lakh cr to PSU banks by M..

The government today said it will infuse an unprecedented Rs 88,139 crore capital in 20 public sector banks (PSBs) before March 31 to boost lending and revive growth, and..