Economy

Domestic air passengers grew 17.17% to 11.35 million in August

Data       Sep 24, 2018

  Country's domestic passenger traffic grew over 17 percent to 11.35 million in August over the same period year ago even as the average seat factor of all major carriers declined compared to July, DGCA data show.   Besides, budget carrier SpiceJet outperformed rivals IndiGo and GoAir...

India has 19 judges per 10 lakh people: Data

Data       Sep 24, 2018

  India has 19 judges per 10 lakh people on an average, according to a Law Ministry data which also states that the judiciary faces a combined shortage of over 6,000 judges, including over 5,000 in the lower courts itself. According to the data, part of...

Monsoon rains to start withdrawing from Saturday: MET Department

Indian News       Sep 24, 2018

  New Delhi: India's June-September monsoon rains are likely to start withdrawing from the northwest from Saturday, the India Meteorological Department (IMD) said on Monday.   The monsoon usually starts withdrawing in the first week of September, but this year it has been delayed by nearly four...

Government mulls ordinance to fast track settlement of commercial disputes

Indian News       Sep 23, 2018

  NEW DELHI: Seeking to improve India's ranking on ease of doing business index, the government is mulling an ordinance which provides for time-bound settlement of commercial disputes and make arbitrators accountable, a senior government functionary has said. The government plans to bring the ordinance based...

India:FPIs pull out $2.1 bn in Sep so far due to fall in rupee

Data       Sep 23, 2018

  Overseas investors have pulled out a massive Rs 153.65 billion ($2.1 billion) from the capital markets so far in September, after putting in funds during the previous two months, on widening current account deficit coupled with global trade tensions.   The latest outflow comes following a...

Contingent workforce continues to thrive in Asia Pacific: Report

Facts       Sep 23, 2018

  Companies in the Asia Pacific region including India are integrating freelancers, independent contractors and consultants at a rapid rate into their existing pool of employees, says a report.    According to a KellyOCG's Workforce Agility Barometer report, one in four C-suite leaders in Asia-Pacific reported that...

World Bank endorses financial support framework for India's transition to high-middle income nation

Indian News       Sep 22, 2018

  New Delhi: The World Bank has endorsed an ambitious five-year framework for India under which it is expected to receive $25-30 billion in financial support for its transition from a low-middle income to a high-middle income country, a senior official from the global lender said.  ...

Government hikes interest rate on PPF, other small savings by up to 0.4%

Indian News       Sep 20, 2018

  NEW DELHI: The government has raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4 per cent for the October-December quarter, in line with rising deposit rates in the banks.   Interest rates for small savings schemes are notified on a...

BoB, Vijaya Bank, Dena Bank merger: New entity to be operational from April 1

Indian News       Sep 18, 2018

  New Delhi: The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.   These three state-run banks would work on strict timeline and necessary regulatory...

Supreme Court takes note of 3,597 deaths due to pothole-related accidents in 2017

Indian News       Sep 18, 2018

NEW DELHI: Taking note of almost 3,600 deaths reported in 2017 alone due to potholes on roads across the country, the Supreme Court today said it was "unfortunate" that some states were disputing the data published by the Centre on such accidental deaths.   A bench...

1 2 3 4