Economy

Going cashless? Here are four buzz words you should know

Disruptive technological innovations are changing consumers spending behaviour.

India can save $50 bn in logistics costs, raise growth of exports, says study

The government should create a uniform tax structure and do away with multiple checkpoints and documentation requirements which would lead to speedier delivery of cargo, the study said.

PM Modi to launch Rs 8,000 cr free cooking gas scheme in UP today

The Prime Minister will also launch a scheme for environment-friendly E-Boats at the famous Assi Ghat.

Vodafone India IPO: Company picks BofA, Kotak, UBS, other banks, say sources

The deal offers a rare opportunity for international banks in a market where equity capital raisings worth more than $1 billion are uncommon and where stock underwriting fees are amongst the lowest in the world.

Scrapping old vehicles: Mahindra to build India's first automobile shredding plant

India is considering introducing a policy to scrap old vehicles, like the cash-for-clunkers programme the United States tried during the global economic recession to boost auto sales.

The truth is out? Karti Chidambaram holds benami assets globally, says report

The New Indian Express states that benami deals are difficult to prove simply because the are held on secrecy and trust between the real owner and the benamis

RBI to buy up to Rs 100 billion government bonds via open market on 7 December

Reserve Bank of India said on Wednesday it will buy up to 100 billion rupees ($1.50 billion) of government bonds on Dec. 7 through open market operations to inject cash into the banking system, its first purchases from markets since Oct. 28.

For faster growth, Modi needs to show Indians more reasons to save

On paper, India's households have more reason than ever to save. But convincing them that the central bank can keep inflation low is proving difficult, hindering the country's ambitious growth plans.

What does “DPD” on your CIBIL credit report mean?

The “DPD” indicates how many days a payment on a respective account has been delayed.

Crisil pares GDP forecast by 50 bps to 7.4% after drought scare

The projection of low rainfalls, which may be attributed to the El-Nino phenomena playing out in the Pacific Ocean, is likely to trigger fears of a drought situation in some parts of the country.

Inflation under check; global economy, agriculture a challenge: Jaitley

Finance Minister Arun Jaitley on Saturday said inflation has been brought under control in the past one year but global economy and agrarian situation as well as domestic investments pose challenge to the Indian economy.

Budget 2015: Left, RSS-affiliated farmer unions say nothing in it for farmers

Finance Minister Arun Jaitley’s Budget 2015-16 delivers a raw deal to the agriculture sector, seems to be the consensus view among bodies representing farmers.

Budget 2015: 100% tax exemption for contributions to Swachh Bharat, Clean Ganga

Finance Minister Arun Jaitley announced 100 percent tax exemption in Corporate Social Responsibility activities for Clean Ganga Fund and Swachh Bharat Kosh, , as he presented his first full-fledged budget in the Lok Sabha.

Budget 2015: FM proposes an expert committee, E-biz portal to promote ease of doing business

The government aims towards ease of doing business, he said adding he has recently launched an E-biz portal which integrates 14 regulatory permissions at one source.