Economy News

Easing of PMLA norms may spur gold demand.

Demand for the yellow metal is likely to increase sharply by about 25% this festive season with gems and jewellery dealers being exempted from the reporting requirement purview of the Prevention of Money Laundering Act (PMLA).

posted by Jawwad Kazi 18th Oct 2017

Fiscal Stimulus debate

NITI Aayog Vice Chairman Rajiv Kumar has pitched for fiscal stimulus to boost growth, with a rider that additional expenditure should be used only for increasing productivity and capital expenditure.

posted by Jawwad Kazi 17th Oct 2017

PM’s advisory council acknowledges slowdown

Newly constituted PM Economic Advisory Council acknowledges slowdown but declines to share reasons .

posted by Jawwad Kazi 12th Oct 2017

7th Pay Commission benefits extended to Central, State university teachers

Around 58,000 professors of 213 Central universities, including IITs, will get full funding from the Centre.

posted by Jawwad Kazi 12th Oct 2017

IMF lowers forecasts for India

India’s economic growth for 2017 and 2018 will be slower than earlier projected, the International Monetary Fund (IMF) said in its latest World Economic Outlook.

posted by Jawwad Kazi 11th Oct 2017