economy

India's plastic exports fall 6% as shipments to China, Pakistan dip

Exports during April-September topped USD 4.32 billion, compared to USD 4.59 billion in the same period in the last financial year, down 5.9 per cent, according to Chairman of the Plastics Export Promotion Council (PLEXCONCIL), Ravish Kumath.

Demonetisation: Three years on, more taxpayers and greater digital payment usage, but some pain points remain

The government had pitched the move as part of a broader strategy to clamp down on India's bustling parallel economy where deals take place in cash.

Iron ore supply to steel makers to be disrupted after mining leases expire: FIMI

The 329 mines, including 48 operative and 281 non-operative ones, are spread across 10 states, Federation of Indian Mineral Industries (FIMI) said.

Govt should explore Israel, Brazil models for onion storage: Ficci study

The government's Tomato Onion Potato (TOP) scheme announced in the 2018-19 Budget was expected to address the problem of surplus in producing areas, but the scheme has not taken off, it said, adding that the government should provide railway rakes for reducing transportation cost.

Explained | What is the IRDAI directive on Reliance Health? How will it impact policyholders?

Reliance General Insurance will now take over the business of its sister company Reliance Health Insurance after the IRDAI order

India's bad debt pile eased by write-offs, underlying problem far from resolved

The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy.

Note ban derailed economy, says Mamata Banerjee; BJP hits back

The saffron party was quick to hit back, claiming that the global financial crisis had a cascading effect on India's economy and demonetisation had no role in it.

On DeMo anniversary, former FinMin official S C Garg says Rs 2,000 notes being hoarded

Three years ago, on this day, Prime Minister Narendra Modi made the stock announcement of banning the use of old 500 and 1,000 rupee notes with a view to curb black money, promote digital payments and make the country a less-cash economy.

Rahul Gandhi terms DeMo 'terror attack', says those responsible yet to be brought to justice

On November 8, 2016, Prime Minister Narendra Modi announced to the nation that Rs 500 and Rs 1,000 currency notes would cease to be a legal tender.

India's inflation probably breached RBI target last month: Poll

Prices of most vegetables climbed during the month as monsoon downpours delayed harvests and disrupted supplies. That was despite a government ban on onion exports, a key component in the Indian diet.

Demonetisation's impact on Indian economy: People have mixed opinions, survey reveals

Around 50,000 people from across India took part in the survey on the eve of the third anniversary of demonetisation

Moody's lowers India's outlook to 'negative' from 'stable'

The outlook partly reflects government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden from already high levels, the rating agency said

Global debt surges to record high $188 tn: IMF Chief Kristalina Georgieva

While private sector borrowing accounts for the vast majority of the total, the rise puts governments and individuals at risk if the economy slows, she said.

63 Moons dues: HC restrains DHFL promoters from going abroad

The order came on a petition filed by 63 Moons Technologies seeking recovery of dues of around Rs 200 crore from DHFL.

22,000 BSNL employees opt for VRS in 2 days

In all, nearly one lakh BSNL employees are eligible for the VRS out of its total staff strength of 1.50 lakh.

Fitness freak? You may soon get discount on your health insurance premium

IRDAI has floated a draft proposal that will allow insurers to give premium discounts in health insurance for those living a fit lifestyle.

Govt examining possibility of regulatory authority for e-commerce sector

Confederation of All India Traders (CAIT) have pressed for formation of a regulatory authority empowered to act against companies flouting norms.

Railways completes one of the "world's largest recruitment exercises" for 1.27 lakh vacancies

A total of around 2.4 crore candidates applied, making it the largest recruitment exercise, the railways said.

BHP says it is unaffected by US sanctions on China's COSCO

In one of the biggest sanctions actions taken by the US government since its crackdown on Iranian oil exports, Washington imposed sanctions on Chinese companies in late September for alleged involvement in moving crude oil from Iran.

Indiabulls Housing’s Gagan Banga: Govt's real estate AIF package will show results in Q4

Govt mulling special window for NBFCs under IBC

The move comes against the backdrop of financial sector players like Dewan Housing Finance Corporation Ltd (DHFL) facing troubles.

GeM woking on framework to ensure timely payment to sellers

The platform is also looking at ways through which banks can lend to sellers.

Centre may allow machines for work under NREGS: Report

When the scheme was first enacted in 2005 during the then Congress-led United Progressive Alliance (UPA) government, use of machines was not allowed under it.

China's forex reserves expand in October

Wang Chunying, a spokesperson for the SAFE, said the scale of forex reserves is affected by multiple factors including exchange rates and changes in asset prices.

PSU banks may let go of promoter tag but will remain investors in insurance ventures

A handful of banks will opt to bring down their stake to below 10 percent but not completely exit the venture.